Kanbay to triple headcount

Betting big on its India operations, US-based technology firm Kanbay is planning to almost triple its current headcount to 15,000 by 2010. It is also scouting for a couple of new locations here as part of its growth plans in addition to its software development centres in Hyderabad, Chennai and Pune. The company currently has 5,500 professionals in India.

The first phase of Kanbay's 15-acre new campus was inaugurated by chief minister Y S Rajasekhara Reddy here today.

The next big campus having the capacity to accommodate 6,000-8,000 professionals would come up at Mahindra Hills in Chennai. The company's existing facility in Chennai currently has 800 people, Raymond J Spencer, chairman & CEO of the company, said.

The company, which started construction work on its Hyderabad campus 14 months back, has now readied 4 lakh sq.ft of office space in five buildings with an investment of $25 million, which will accommodate 2,000 IT professionals. Kanbay would spend the same amount in the next phase to create another 3 lakh sft of office space to enhance total capacity to 4,500 staff. 

The company started its Hyderabad operations in the year 2003 at HiTec city and currently has 1,900 professionals here. The headcount in Hyderabad would be increased to 5,000 in the next 12-14 months, Raymond said.

Besides the new campus, the company is in discussions with the state government over its active plans to evaluate additional facilities in Andhra Pradesh, Raymond said.