Registrar of Companies to use IT tool

Sifting of voluminous information gathered every quarter at the Registrar of Companies (RoCs) is going to be easy for the statutory body. The Ministry of Corporate Affairs is planning to implement business process management applications and other relevant information technology tools to mine huge data that is piled up in various RoCs.

There are about one million companies under the purview of RoCs across the country. The Ministry is now planning to use IT to check information for compliance and other important parameters. “They are evaluating the plan and no timeline is announced yet. We would like to take part when they float tenders,” Mr Suman Reddy, Managing Director of Pega Systems India, said.

The business process management and customer centric software solutions company will tie-up with other vendors to bid for this project .

The RoCs periodically get information on financials and other corporate developments from all the registered corporate entities. They already use IT solutions to help people view documents online after taking a fee.

Pega to hire 100

The company, which employs 500 people, will hire 100 more by the end of the year.

“We have expanded our capacity to seat 600 employees,” he said.

An arm of the US-based Pegasystems Worldwide, Pega will set up a dedicated sales team to tap the Indian opportunity.

“Though we are selling products through our partners, we will have a dedicated team in the next few months to reach out to address the demand,” he said.

Mr Alan Trefler, Chief Executive Officer of Pega, who was a world chess champion, will visit India in August.

Answering a query on the ranting against outsourcing of jobs in the US, Mr Suman Reddy said the Indian cost and skill advantage would prevail for years to come.

The US firm registered revenues of $416 million in 2011 and gave a guidance of $500 million this year.