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Evalueserve to add over 600 by June 2009

Moumita Bakshi Chatterjee

New Delhi, June 4 Knowledge Process Outsourcing company Evalueserve expects to increase its global headcount by adding over 600 professionals by June next year, a senior company official said.

“We currently have a global headcount of 2400 employees and in the next 12 months that is likely to grow to 3000 professionals. Bulk of this addition in headcount would happen in India. In fact, we expect India will remain a major hub for our overall operations and play will a dominant role in the next five years,” Mr Ashish Gupta, Global COO & Country Head, Evalueserve, said.

The company, which offers a range of custom research, analytics and intellectual property and legal process services services supporting global clients, had recently inaugurated a new operations centre in Noida.

Mr Gupta further pointed out that the company’s proposed facility in Romania would be operational by next month. “The new facility would be nearshore to Europe and provide us with strong language capabilities,” he said.

IPO plans

Mr Gupta said that the company was mulling an IPO in the next 18-24 months depending on the market conditions. “We will take a decision by the end of this year on the issue. It will allow us to raise funds, provide an exit to our investors, and also strengthen our branding with employees and clients,” he said but did not divulge the size of the public offering that the company would look at.

At present, business research operations including data analytics accounts for 30 per cent of the company’s overall revenue, while investment research chips-in close to 35-40 per cent.

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