Financial Daily from THE HINDU group of publications
Saturday, Aug 30, 2003
Financial Daily from THE HINDU group of publications Saturday, Aug 30, 2003 |
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Info-Tech
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Outsourcing SDV Tech plans BPO centre in Chennai Our Bureau
Hyderabad , Aug. 29 SDV Technologies, a banking and financial solutions company, is planning to set up a 100-seat business process outsourcing (BPO) centre in Chennai later this year, besides going for a public issue by November-end. Addressing newspersons here on Friday, Mr D. Sri Siva Kumaraha, Chief Executive Officer, said the BPO initiative would focus on the banking and financial services segments. The company, which registered a turnover of Rs 50 lakh in 2002-03, had Rs 5-crore worth projects on hand, he added. The company launched core banking and cluster-based centralised solutions. While the former targets small banks, the latter caters to big banks. It also launched `Infobureau', an IT solution that provides complete information on various schemes offered by banks. "This will help banks cut down on HR spending," he said.
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