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Sundaram Business Services, the business process outsourcing arm of Sundaram Finance Ltd, is expanding its presence in Australia.
It has signed two new outsourcing deals for mortgage processing and equity research in Australia. They areRs 15-crore multi-year deals, said a company press release.
SBS, in the release, said that it signed a deal with a Sydney-based company to undertake mortgage processing work from India. In a separate deal with a Melbourne-based research firm, the company will undertake high-end equity research back office work. It has also bagged deals with several new pension fund administrators and accountants across Australia.
SBS will process nearly three lakh mortgage documents annually and support around $1 billion worth of disbursements for its new Aussie mortgage customer, the release said.
The company has clients in Australia, with 200 people in Chennai servicing over 30 Australian customers. It is targeting to grow its Australian business by 50 per cent this year.
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