Companies

Berkadia to increase headcount in India

| Updated on: Aug 25, 2014
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Berkadia Services India Pvt Ltd (BISPL), a fully-owned subsidiary of US-based commercial mortgage services provider Berkadia, is planning to ramp up its headcount in India by about 100.

“We are about 700 now and by 2015, we may take this up to around 800 as the comeback of commercial real estate is good in the US,” Ned Mody, Country Head, Berkadia India told newspersons at a press conference to announce awards won by his company here on Monday.

The company, which is the only back-office unit outside US, handles about 70 per cent of global servicing functions of its parent.

“During the last 18 months, our headcount went up by 37 per cent and revenues by 40 per cent. Going forward, our focus will be on third party services in the commercial real estate segment,’’ Mody said.

At present, BISPL has no Indian product and caters entirely to the US market, supporting a $245 billion commercial real estate loan portfolio in the US.

Awards

Berkadia was recently recognised by CMO Asia for its outstanding real estate services operations at its India unit. In addition, it also received other accolades including the financial services outsourcing project of the year and the outsourcing executive and professional of the year, Mody said.

Berkadia Commercial Mortgage LLC is a Warren Buffet firm jointly owned by Berkshire Hathaway Inc and Leucadia National Corporation.

Published on August 25, 2014

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