nagpur chennai headquartered neeyamo a technologyenabled global payroll and eor solutions provider has started what it bills to be the worlds first allwomen payroll software development centre at mihansez herethe unit here will be catering to mainly fortune 500 companies the 150strong team of mainly freshers will be working in development of payroll software and other allied assignmentsneeyamos ceo rangarajan seshadri told toi that there are plans to hike the number to 300 in the coming 10 to 12 months in the longer term there are plans to take up land in the mihansez and develop a campus he saidat present neeyamos centre is located inside the premises of shapoorji pallonjis it park on lease basisneeyamo is also undergoing a due diligence process for private equity investment presently the stake is held between promoters and employees the employees have close to 10 and the rest is held by five promotersit is being considered to raise around 100 million which may also go up to 200 million if 20 stake is given up there are plans to offload 10 to 20 stake for getting the funds depending on the proposal said seshadria company of 3000 workers in all the centre at nagpur is its fourth unit in the country the other centres are at chennai pune and madurai apart from two global units in philippines and mexico the company plans to start two units each in egypt and poland too said seshadriseshadri says neeyamos claim of being the only allwomen product development centre is based on its own research of the industry even otherwise the company is a women heavy organization with 52 of women staff he saidwe wanted to set an example by coming up with an allwomen centre nagpur was chosen because i was earlier involved in setting up of hexaware technologies unit in mihan itself said neeyamo chairman ashok bildikarmoreover the company feels women are more suited to hrrelated job including software development he saidseshadri said the company specializes in developing salary computation software which it came up with in 2012 it is mainly meant for large enterprises which is the reason most of the clientele are fortune 500 companies he saidthe company is now looking for manpower in the tierii cities where it sees best grade talent for its kind of operations moreover the future expansion would be in smaller cities only said seshadri