MARG ERP eyes business gains in GST, to pump in Rs 100 cr

Leading software solutions provider MARG ERP is planning to invest up to Rs 100 crore to tap the business potential following implementation of the goods and services tax (GST).

Software business worth over Rs 40,000 crore is expected to be generated in coming years after implementation of the new indirect tax regime GST, Managing Director Sudhir Singh said.

"After the implementation of the GST, companies would need to change or upgrade their accounting and taxation softwares.

We provide the most affordable solutions for all businesses, particularly small and medium enterprises and small traders," Singh said.

He said the company is looking at raising about Rs 100 crore from private equity firms and other investors to tap this potential.

"We are in talks with venture capital funds and private equity firms also. We will be investing the whole amount in strengthening our capacity in terms of hiring more manpower and expanding marketing and advertising," he told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)