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Backed on strong project managerial skills, honesty, tonnes of hard work and a long list of smiling clients projects, the company is as solid as ever with 40+ employees.
The companies diversifies into Mobile Application Development and Web Application Development.
Baby becomes a man. 'e-Scapes' paves for 'White Pixelz Pvt. Ltd.'. The office gets renovated (much to the delight of the team bored of working in an office that had little more than white walls).
The firm gets back on path of growth, stronger than ever before. Teamstrength grows to 20+.
Backed by strong project management processes and tools, things start to get back in shape.
The firm moves into a small office, less than 1/4th the current size. Employee strength goes down to 12 (from 40+).
Having learned from past mistakes, the CEO bites the bullet and starts the cost cutting process. 70% of employees are fired 'on good terms' with an idea to start again almost from scratch, but with a solid base based on sound management skills. Consultants are hired to help the process.
Second quarterly loss is recorded. The firm almost gets bankrupt.
For the first time the firm records a quarterly loss.
The bad times arrive. Backed by blind and phenomenal growth of projects/clients and lack of managerial skills, projects start to go into losses and list of unhappy clients start to grow.
The firm outgrows the facility and moves into a sprawling office with capacity of 45+ employees.
The firm outgrows the office and moves into a bigger 24 seat office, also in New Delhi.
The founder CEO promotes 'e-Scapes', moves into a first 6 seat office in New Delhi, and hires the first employee.