The Hindu Business Line : Synechron to double headcount

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Pune Feb. 13 Synechron, a US-based software solutions and services provider in the finance industry verticals such as mortgage banking, capital markets and insurance, is planning to ramp up its head count while doubling its revenues. The company, which currently has about 700 people on its rolls, is planning to ramp it up to 1,500 by the next year.

This was stated here today by Mr Faisal Husain, Chief Executive Officer, and Mr Siddharth Madhusudan, Director, Marketing and KPO Services. Mr Faisal said the company has also released two new proprietary strategic solutions frameworks for the mortgage banking industry and has also entered into remote infrastructure management and support.

Mr Madhusudan said Synechron has ventured into the outsourced HR processing services. It is in the early stages of being implemented for a client in the insurance domain and added that it has a four-member team. Another area it has ventured into is financial process outsourcing.

The KPO venture, which is about one-and-half-years-old, has about 40 members, he added.

Asked about the expansion plans, he said the company is on the lookout for a new facility, which would be within Pune and would be laying the groundwork within the next six months.

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