Kenexa Technologies plans to invest $15mn in Vizag centre

Kenexa Technologies, a provider of talent acquisition and retention solutions, is planning to invest around $15 million in the global delivery centre that it plans at Vizag in the next three-five years. The company, with a global sales figure of $62 million, will be employing 2,000 people in the next five years at Vizag.

The company also plans to expand its sales presence in India to Mumbai, Gurgaon and Bangalore besides southeast Asia, Middle East and South Africa. It will also be increasing its headcount at the Hyderabad centre to 350 in a year's time. The company employs 750 people globally.

Kenexa provides employment process outsourcing, employee research and software to help companies hire and retain workforce. Its suite of web-based software automates the entire employee lifecycle, enabling organisations to source, screen, assess, measure and engage human resources. Some of its clients in India include Invensys and Standard Chartered.

Speaking to Business Standard, Raghuveer Sakuru, managing director, Kenexa Technologies, India, said, "We have invested $5 million in India so far. In the next three-five years, we intend to invest around $15 million in our global delivery centre at Vizag. We will be employing 2,000 people at our Vizag centre in five years' time."

Kenexa currently has 10 clients in India in the banking and information technology sectors. "At present, India does not contribute significantly to our global revenues. However, we see this changing in the next five years," he added.

"We see good amount of business coming from the retail and financial sectors in India in the near future," Sakuru said, adding, "Though India is a bigger market than Dubai for us, we foresee quicker hits from the latter for our solutions."

"Our Hyderabad centre employs 220 people, and we plan to increase this to 350 in a year's time. We will not be expanding this centre beyond 500 people. Our major growth will be in Vizag," Sakuru said. Kenexa is also looking at acquisitions in the US and Europe.