Tata Elxsi eyes ten-fold growth in animation biz over next 5 years.

Tata Elxsi’s animation and special effects division Visual Computing Labs is targeting a 10-fold growth over the next five years. As a part of this growth strategy, the focus area will be the international markets like North American market and European markets like France, the UK and Italy. Today, 90% of its revenues come from the domestic market. In five years, that will be equally split between domestic and international markets. The Tata Group holds a little over 44% in Tata Elxsi. Tata Elxsi’s business is divided into two business segments — software development                        & services and systems integration and support. The software development business accounts for over 85% of the company’s total revenues.