The Hindu Business Line : Satyam to hire 4,000 techies in fiscal 2005

PITCHING aggressively towards acquisitions, both in terms of services as also business process outsourcing, Satyam Computer has enlisted the services of consultants and plans to recruit about 4,000 people during fiscal 2005.

The Chairman of Satyam Computer, Mr B. Ramalinga Raju, said that the company added about 1,695 people during the fourth quarter, the highest quarterly intake ever. history. Of these, about 1,145 are freshers. However, HR costs challenges remain and are likely to put pressure on operating margins.

The company, which projected an annual guidance of 28 to 30 per cent growth in fiscal 2005, plans to induct across various domain areas. With the fourth quarter addition, the total number of associates in the company has gone up to 14,042 for the period ended March 31, 2004.

"With huge reserves, the company is in the process of identifying a strategic acquisition in the areas of specific domain expertise, consulting and related areas. While it is not possible to give a time frame for the acquisition, this could be anytime. We are also looking at some acquisitions in the business process outsourcing business as well," he said.

Nipuna, the BPO subsidiary , reported revenues of $2.38 million in fiscal 2004. On the back of increased customer gains, the company has 10 customers now, and "we expect Nipuna's revenues to increase to $12 million in fiscal 2005.

Increasingly, our existing clients are consolidating various services and expect BPO a logical step in that direction. This could help garner more business in this space," Mr Raju said.

"Nipuna has 503 employees in Hyderabad and Bangalore centres, with the latter having a 60-seater facility." The company expects to commission another 350-seat centre in Bangalore by May 2004 and ramp up operations backed by better customer focus.

"Apart from organic growth, we are open to acquisitions and are keenly looking out for possible buy-outs more aggressively than ever before," Mr Raju said.

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