Sundaram Business aims to double business 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% 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.