How do you see this expansion into Australia and New Zealand?
We've been looking at Englishspeaking geographies for expansion. With our dominant presence in the United Kingdom and United States, Australia seemed like a natural-growth area. The country has a large number of corporations, and therefore, it was logical to look at it. When we examined Australia, we discovered the state of Victoria, particularly Melbourne, was supportive, and so the idea was to grow there.
For the first few years, jobs will ramp up to about 500 seats locally, based on the indication we have at this point in time.
Are you looking at other geographies too?
South Africa. This week two of our major clients are visiting facilities there.
It's been over a decade since you acquired Firstsource. How do you assess your bet on the tech sector?
Esta historia es de la edición September 20, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición September 20, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Global PE firms turn to India for Asia leadership
This comes amid slowdown in deal-making in China
GLOBAL INVESTOR CONSORTIUM LINES UP ₹2,100 CRORE INVESTMENT FOR SP GROUP
Engineering and construction major Shapoorji Pallonji group is gearing up to receive investments of over ₹2,100 crore from a consortium of global investors led by Deutsche Bank, according to sources.
Binance detaches self from liabilities after WazirX hack
Global cryptocurrency giant Binance has asserted that it never owned or controlled WazirX before or after the embattled Indian exchange was hacked in July that led to a security breach of more than $230 million.
Indian carriers soar on int'l routes but foreign rivals lead
Indian airlines are ramping up their international presence by adding more direct flights.
SC dismisses curative pleas by telcos against AGR dues
The Supreme Court has rejected curative petitions seeking a review of its 2019 judgment on adjusted gross revenues (AGR) payable by telecom firms.
Strong hybrid car sales take off in UP after tax waiver
Monthly sales of strong hybrid cars in Uttar Pradesh have more than doubled following the state government's decision to scrap the registration tax on such vehicles from July 5.
In export push, govt steps in to raise container capacity
Commerce Minister Piyush Goyal announces purchase of second-hand vessels
Govt asks EY India to explain position on CA's death
The Union labour ministry has asked EY India's management to appear before it and explain its position regarding the death of its 26-year-old employee, Anna Sebastian Perayil, a senior labour ministry official said.
Samsung India sues union over disruption
Electronics' India unit has sued members of a labour union that has led a strike for 11 days at its only Indian home appliances plant in Tamil Nadu, escalating tensions with its workers, legal papers show.
'Australia seemed like a natural-growth area for us'
RPSG group-owned business process management (BPM) firm Firstsource has announced its expansion into Australia and New Zealand. SANJIV GOENKA, chairman, RPSG, in an interview tells Ashutosh Mishra in New Delhi that this will open up avenues for the company and create jobs locally. He gives insights into the plans to increase margins for Firstsource in the next 30 months through organic and inorganic growth. Edited excerpts: