Broadridge to hire 1,000 more for Hyd centre

Broadridge Financial Solutions Inc, an NYSE-listed company, is in the process of shoring up its staff strength at its Hyderabad centre to around 2,300 in three to four years.

The company, which garnered revenues of Rs 230 crore for the financial ended June 30, 2012, employs a little over 3,000 professional globally, including 1,300 in Hyderabad and 200 in Delhi. It recently moved into a new campus in Hyderabad, built with an investment of $10 million. “Hyderabad is our focal point and the campus was built keeping our global growth plans in mind,” V Laxmikanth, managing director, Broadridge Financial Solutions (India), said.

Broadridge distributes over 1 billion investor communications each year, and components of its securities processing solutions are used by 7 of the top 10 US broker-dealers.

Additionally, its fixed-income business processes trades with an aggregate settlement value of over $2 trillion each day.

Laxmikanth said the company was looking at offering its electronic proxy voting services for the Indian market. The corporate affairs ministry, had in June, authorised National Securities Depository Limited and Central Depository Services Limited for setting up infrastructure to facilitate shareholders to cast votes in electronic form through Internet.