Vertex bets big on domestic BPO mkt,to hire 14K people in 2yrs

The Vertex group, which had acquired domestic player Shell Transource last year, has about 6,000 people on its payroll.

PTI | June 8, 2011



UK-based BPO firm Vertex on Tuesday said it will increase its headcount in the country to 20,000 employees over the next two years as it ramps up its operations in India.

The Vertex group, which had acquired domestic player Shell Transource last year, has about 6,000 people on its payroll (post-acquisition).

"The acquisition has helped Vertex emerge as a significant player in the domestic market. Going ahead, we have major expansion plans as part of which we will have 11,000-13,000 people by September next year," Vertex Group CEO Paul Sweeny told reporters here.

This will be increased to 20,000 people by September 2013, he added.

Vertex also expects its revenues from India to cross USD 100 million (about Rs 450 crore) by end of 2013, but Sweeny declined to comment on the current revenue figures.

"Over the last six months, we have had significant growth with nine big wins, which includes three of the top five telecom majors in India," Vertex India MD and CEO Keshav Gaur said.

He added that the clients spanned sectors like telecom, financial services, utilities, government, FMCG and retail.

In the government vertical, the company has been empanelled by the Unique Identification Authority of India (UIDAI) for enrolling people, apart from contracts from the tax department and utility companies.

Talking about the business opportunuties here, Sweeny said, "There is a huge potential in the domestic sector. The growth rate here is better than other counutries".

He added that the domestic market for BPOs has grown at a compounded annual growth rate of 35 per cent.

"New sectors like retail, media and DTH will drive the growth further and these factors will help boost our confidence in the Indian market," Gaur said.

Comments

 

Other News

Consumer Justice at a Crossroads

Over the past four decades, India`s consumer protection landscape has undergone a remarkable transformation. What began with the Consumer Protection Act, 1986 as a simple mechanism to empower ordinary citizens has evolved into a comprehensive framework capable of addressing challenges ranging from mislea

Doctors, experts call for ban on junk food ads, mandate warning labels

More than 30 doctors, medical scientists and public health professionals have urged the government to take decisive action against the aggressive advertising and marketing of junk food, calling for a watershed ban on advertisements for foods high in fat, sugar and salt (HFSS) and ultra-processed foods (UPF

Asiatic Lion population rises from 523 in 2015 to 891 in 2025

On World Lion Day 2026, environment, forest and climate change Minister  Bhupender Yadav celebrated India’s remarkable journey in lion conservation and reaffirmed the country’s unwavering commitment to protecting wildlife and biodiversity.   In a post on soc

Railways imposed ₹5.13 crore fine for food quality and hygiene violations

Indian Railways serve about 58 crore meals every year on an average. About only 0.0008% food quality related complaints are received on average. Based on complaints during the last three years, appropriate penal actions have been taken by IRCTC. Such actions include imposition of fines amounting to ₹5.13

STHAVAR: Why every Indian built asset needs a permanent digital identity

India has built digital systems for identity, payments, taxation, documents, logistics and public services. State governments, ministries, infrastructure agencies and urban local bodies have also created portals for land records, building permissions, project monitoring, property taxation and municipal s

Saksham Skill census identifies 22,000 job-ready candidates in one Mumbai ward

A first-of-its-kind AI-enabled skill census conducted in Mumbai`s H-West Ward has identified a potential livelihood pipeline of nearly 22,000 candidates, generated over 32,000 provisional job matches while revealing that 71.2 per cent of surveyed homemakers are willing to join the workforce, according to

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter