Summit HR eyes 50% revenues from India

Summit HR Worldwide, a talent supply chain management company and a global recruitment process outsourcing firm, is looking at India contributing to over 50 per cent of its overall revenues, up from the current 25 per cent, over the next 24 months, said Ranjan Sinha, chairman and CEO, Summit HR Worldwide.

Sinha was in town to announce the expansion of its India operations with the setting up of its India headquarters in Pune. The company has entered into a strategic partnership with US-based $400 million The Superior Group, a full service strategic staffing solutions provider, to address the India markets.

Summit has been present in India for the last five years and has two global delivery centre in Chennai and one in Bangalore, besides a client response centre each in Bangalore and Delhi.

"We currently have 250 people in India and will double our headcount in the next 12 months," said Kunal Banerji, president - Country head, Summit.

Outlining his plans for India, Banerji said, "We will expand our client response centres in Delhi and Bangalore into full-fledged global delivery centres besides expanding into Kolkata, Chandigarh and Hyderabad in the next 18 months."

They, however, refused to divulge the investments in the country, "We will invest a couple of millions in the country," said Sinha while stressing that the main investments would be in training programmes, people, processes and tools.

With MNC clients like Hewlett-Packard, Yahoo, and Flextronics, having significant India operations, Sinha noted, "We are growing at over 100 per cent and India is a significant part of our growth. We will now address the domestic market also."

The company processed 75,000 recruitments in 2006. "This will increase to 1 lakh globally in 2007," said Sinha while sharing that Summit provides talent on demand as well the complete range of recruitment process outsourcing (RPO) services or managed services to industries like finance, IT, aviation, marketing, manufacturing, semiconductor, telecommunications, utilities and others.