Sundaram Fin arm to raise headcount

With domestic and overseas customers growing, Sundaram Business Services plans to appoint 200 people and increase its employee base to 650 this year.

The firm, the BPO arm of Sundaram Finance, aims to service over 2,000 superannuation funds in Australia.

In a statement, P S Raghavan, executive director and head, Sundaram Business Services, said the company was witnessing increased demand domestically especially in the insurance vertical. Qualified accountants and management graduates would be appointed in the recruitment drive.

"We have domain expertise in the insurance back office operations which appeals to both established and new generation companies and our plan is to expand it further into this space in addition to accounting and payroll services," he added.

Overseas clients currently account for over 50 per cent of the company's business.

One of the company's major outsourcing client will be Australia-based Total Super, a self managed superannuation fund and an established UK-based accounting firm.

On the outlook for the Australian market, Harsha Viji, senior vice president, Sundaram Business Services, said, "While Australia faces a shortage of skilled financial services employees, India and Chennai in particular has a large supply of experienced and qualified finance and accounting personnel."