Copart, Inc. inaugurated Copart India Technology Center (CITC) in Maximus Towers, Reheja Mindspace, Hyderabad, India. Sri KT. Rama Rao, Hon’ble Minister for IT, honored Copart by attending the event. Also attending were Copart Executive Vice President Mr. Will Franklin, Senior Vice President & CTO Mr. Rama Prasad, CITC Director Mr. M. A. Khuddus, Copart employees and vendors.
Sri KT. Rama Rao welcomed Copart to Hyderabad and extended his full support to Copart in expanding their IT Center as well as Copart’s effort to grow their core business in India. “Copart must bring its unique model of salvage car remarketing to India, work with the IRDA to understand the Indian regulations and work towards getting license to increase the Copart business in India.”
“We believe drawing upon the wealth of technical talent available in Hyderabad will allow us to address the software development demands created by our rapid growth and international expansion,” said Mr. Will Franklin. “Further, we see India as a market in which our skills in addressing catastrophes can be extremely beneficial to local communities in times of need and our unique position in the disposition chain of damaged can ensure compliance with environmental and end of life vehicles.” He also noted that Copart collected more than 80,000 and 55,000 cars in response to Hurricane Katrina and super-storm Sandy, respectively.
CITC expects to expand to 100 full time employees by end of 2017 with a goal of between 200 and 300 employees by the end of 2018.