• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

The company specialises in finance and accounting services and provides back office work in areas such as accounts payable and receivable, payroll, reconciliation, and financial reporting.

Kochi , June 14

OUTSOURCE Partners International (OPI), a US-based BPO firm, is setting up a 2,000-seat facility in Kochi to provide financial and accounting services to its clients.

OPI would be investing $6-7 million in the Kochi centre, its second unit in India after Bangalore, according to Mr Kishore Mirchandani, President.

Speaking to newspersons, he said that a preliminary facility with 64 seats had already been set up in Kochi, as the Bangalore centre, which has 400 staff, ran out of space for further expansion.

Also, OPI's clients are demanding hat a redundancy centre be established elsewhere for disaster recovery purposes, he added.

OPI currently has 25 clients, including six public companies.

The company specialises in finance and accounting services and provides back office work in areas such as accounts payable and receivable, payroll, reconciliation, and financial reporting.

It has 650 staff, of which 400 are in Bangalore and the rest in Dallas, US, doing onsite accountancy work.

Current revenues stand at $40 million. "In two years, we will be a $100-million company," Mr Mirchandani said.

He added that OPI has taken the entire 1.31 lakh sq ft facility being set up by the Leela IT Park for its Kochi unit. The facility would be ready by the first quarter of 2006.

The centre, which will employ chartered accountants as well as commerce graduates and post graduates, would be linked directly to OPI's data centres in the US.

The Kochi unit would help OPI access a "relatively untapped labour pool" and take advantage of competitive labour and infrastructure costs of the city vis-à-vis centres like Bangalore.

"Kochi was selected following a search that looked at quite a few Indian locations, including Delhi, Pune, Hyderabad, and Chennai," Mr Mirchandani said, adding that clients in the US are now more willing than ever to outsource accounting and related functions to destinations like India to save costs.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Wipro BPO inks pact with US firm

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line