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Chennai, May 23: Sundaram Business Services (SBS), a Business Process Outsourcing (BPO) arm of the Sundaram Finance Ltd, will hire 200 professionals during the year to meet the demand from new as well as existing customers.
The company, which has over 450 employees, has expanded its business to external clients, who now accounts for over half of the business, said a company statement here on Tuesday.
With a strong focus on banking, financial services and insurance (BFSI) space, the company is targeting the overseas BPO market in a big way. Towards this, the company had entered into a multi-year offshore outsourcing agreements with Total Super, Australia’s leading self-managed superannuation fund (SFMF) administration firms and a leading accounting firm in the UK.
According to PS Raghavan, executive director and head of SBS, "we are seeing lot of traction in the domestic market, especially in the insurance vertical. We have strong domain expertise in the insurance back office operations."
Says Harsha Viji, senior vice president of SBS, "while Australia faces a shortage of skilled financial services employees, India has a large supply of experienced and qualified finance and accounting personnel where SBS expects to score over others."
Australia has a huge number of self-managed superannuation funds. Over the last two years, SBS has partnered with leading super-fund administrators in Australia and currently services over 1,000 funds - a number which SBS expects to double in the next 12 months.
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