BPO Firm to Set Up Operations at Pune

By: Propertiesmls

TECHNOLOGY services and BPO firm Syntel Ltd has received government approval for its 40-acre IT Special Economic Zone (SEZ) at Pune.

'The company's 40-acre SEZ at Pune and 30-acre SEZ at Chennai have been notified by the government,' Keshav Murugesh, president and CEO, Syntel Ltd said. 'The company will construct around 11 lakh sq ft at Pune with an investment of over $ 90 million in the next three years. This will create capacity for around 9,000 employees.'

The company is also all set to finalise campuses in a couple of Tier II locations of the country by the end of 2007.

During the first quarter, the company has already broken ground on its 29-acre campus at Chennai. 'Chennai will see a similar kind of expansion. Over 10 lakh sq ft will be constructed at the IT SEZ with an investment of around $ 70-80 million,' he said.

Pune currently has a capacity for 3,200 seats. The company commenced its BPO operations in Pune in the last couple of months with a 500-strong employee strength.

'Pune will focus on banking, financial services, insurance, healthcare and automotive verticals,' Murugesh said. 'In the BPO segment, the focus on offering high end financial services on the investment management side.'

The BPO segment has seen the highest growth in the company. Some 12 per cent of the company's revenue is coming from the BPO. Syntel currently has 8,000 employees across three locations in Mumbai, Pune and Chennai. By December 2007, this figure is expected to touch 12,000.

While a major portion of the company's revenue comes from markets in the United States of America and Europe, they have also begun tapping India for business. 'Syntel has developed solutions for Anil Ambani's Reliance Money. We will now look at business in India on a case-to-case basis,' Murugesh said.

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Source:

India Properties
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