MUMBAI -(Dow Jones)- Privately-owned Trianz, a management and technology consulting company, Tuesday said it has raised $14 million from New York Life Investment Management India Fund - II, LLC., a Mauritius-based venture capital fund.

The Bangalore-based company will use the funds to expand its business in terms of volumes and geographical presence, Trianz Chief Executive Sri Manchala said in a statement.

After the investment, New York Life Investment Management India Fund - II holds "between mid-double digits to 20% in Trianz," Manchala said at a press conference in the southern city of Bangalore. He didn't elaborate.

Established in California in 2001, the company expects a revenue of about INR2 billion in the current fiscal year ending March 31, said Manchala.

"We hope to cross INR3 billion (in revenue) in the coming year (ending March 31, 2008) and INR10 billion by the end of (fiscal) 2010," Manchala said.

He added the company is aiming to grow organically, as well as inorganically, and will look at acquisitions in the next 12-18 months.

The company currently has a presence in the U.S., Singapore, Japan and India.

"Our initial plans are to expand further in the U.S. and in three cities in Europe - London, Frankfurt and Sweden," Manchala said.

Trianz will also scale up staff numbers in the near term. "We should be about 1500 during the summer of 2007 and will grow to about 2500-3000 by the end of 2008," he said.