Sundaram Business aims to double biz from Australia

Sundaram Business Services, the BPO arm of Sundaram Finance, is aiming to double its business from Australia, a top company official has said.

"We are currently on a nice growth trajectory in the Australian market and targeting to double our business from Australia over the next three years," Sundaram Business Services CEO Rajesh Venkat said.

Sundaram Business Services has over 50 overseas clients, predominantly in the "fund accounting space" in Australia. The Australian market contributes over 50 per cent to its BPO business.

The company is looking to expand its base in Australia both by expanding its engagement with "existing" customers and by acquiring new customers, the Chennai-based company said in a statement.

For Australian customers, Sundaram Business Services provides back office services in Pension Fund Administration, Accounting, lending, portfolio management and hospitality, it said.

Meanwhile, the company plans to add over 100 accounting professionals to work at its BPO facility in the city.

"The company will hire over 100 accounting professionals, especially ICWA Inter-qualified to service its overseas customer base," it said. The company currently has over 400 accounting professionals.

"The hiring of niche accounting professionals is in line with strong growth we are aiming to achieve in accounting space in Australia," Venkat said.

Sundaram Business Services has its BPO operations in Chennai and Mumbai, serving local and overseas markets.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Divestment of projects can help reduce corporate leverage ratio

    A big issue that impinges on a bank’s asset quality is corporate leverage.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

Today's Columns

Urs Schoettli

Lee’s legacy will always guide Singapore

LEE Kuan Yew, the father of modern Singapore, died last ...

Zehra Naqvi

Fishy tales

Any book that claims to follow fish pulls my mind ...

Bubbles Sabharwal

Relationships and bitter realities

It’s a tangled web we spin The relationships we make, break ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture