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E-mail ID will not be published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

  • Sebi must not be lax in weeding out mutual fund houses

    Last May, capital market regulator Securities and Exchange Board of India (Sebi) amended the Sebi (mutual funds) regulations, 1996, directing all fund

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

COLUMNIST

Arun Nigavekar

New model for effective education

After interacting with students and teaching community on a ...

Rajgopal Nidamboor

Let the spirit of sport pervade everyday life

Sport, like meditation, is nothing short of a spiritual act. ...

Shona Adhikari

Pop art is truly a feast for the eyes

The internationally reknowned Bruno Art Group’s presence in India had ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture