Genpact plans to hire 10k by Dec '16

Genpact inked a deal with Icfai Business School to jointly develop and deliver an analytics & research programme

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Genpact, the global business process outsourcing (BPO) services provider, is planning to hire 10,000 professionals for its India operations by 2016-end. It is also looking at setting up a fifth site in the country, to focus on addressing the increasing demand for analytics, according to its vice-president and head (financial services analytics), Amit Bhaskar.

Genpact currently employs around 70,000 people globally, of which two-thirds is based out of its four India centres, at Hyderabad, Bengaluru, Gurgaon and Kolkata. Of this, banking and financial services (BFS), and analytics staff account for nearly 45 per cent.

“Demand for analytics professionals is going through the roof. Genpact is planning to hire close to 1,400 people for its global BFS and analytics operations every year, including 400 in the analytics space,” Bhaskar said, adding the company was formalising plans to open its fifth centre in India sometime next year.

On Monday, it signed a memorandum of understanding with Icfai Business School (IBS) to jointly develop and deliver an analytics and research programme for the latter’s students. The programme will provide direct exposure to commercial credit risk management and financial services analytics, which be imparted through guest lectures and workshops.  

Genpact plans to conduct these sessions through its own subject matter experts and training partners providing both theoretical and practical experience.  According to Bhaskar, IBS is the fourth Indian institution Genpact has entered into partnerships with for the analytics and research programme.

Genpact has already collaborated with the Institute of Management Technology, Ghaziabad, two universities in Kolkata and a couple of varsities in the US.

“We are in advanced stages of negotiations with two universities in Europe and one in Australia to sign similar structured partnerships,” he said, adding that upon completion of the programme, Genpact would absorb students into its analytics practice.