Amtex Systems to pump in 220 million for Chennai BPO unit

Thursday, 25 January 2007, 06:00 Hrs
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Chennai: Amtex Systems Inc., a global IT consulting and services firm based in New York, set up a business process outsourcing (BPO) facility at a cost of 220 million ($4.9 million).

The BPO arm will be a division of Amtex Infotech Pvt Ltd, the flagship arm of the $60 million Amtex Systems Inc., in India for all its IT-related forays.

Founded in 1997 by Sunny Pokala, an Indian technocrat entrepreneur, Amtex Systems has special domain expertise in the banking, financial services and insurance (BFSI), telecom and healthcare verticals, with presence in 12 countries.

The company is betting on a new integrated business offering strategy to fuel its future growth and said the 300-strong Chennai facility will drive this strategy.

The new investment announced here Thursday is over and above the 1 billion ($22 million) announced by Amtex last year for expansion of its development presence here and the IT infrastructure project in Siruseri, on Chennai's outskirts.

"The BPO foray fits well into an integrated business offering blueprint that Amtex has been working on for a while", Pokala, president and CEO of Amtex Systems Inc., said.

"The company took the first step in this direction when it forayed into the IT infrastructure space with a differentiated offering of India's first 'plug-n-develop center'," he said.

"With consulting at the front and IT infrastructure at the back, BPO was the only missing piece in the chain which would now be filled allowing Amtex to address an entire chain of a customer's requirements", Pokala added.

"Amtex shares a slightly different and more advisorial relationship with many of its marquee clients in the BFSI and healthcare verticals."

Amtex Systems' BPO division began unofficial operations in December last year and provides support to 10 global customers, including some Fortune 500 companies across the healthcare, market research, telecom and technical support domains.

The BPO arm already handles an estimated two million transactions every month, which is expected to grow tremendously soon, the company said.

Amtex expects the BPO division to contribute $15 million (663 million) in revenues this year, it said.
Source: IANS
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