Capgemini sets up new unit in Pune

PUNE: Capgemini, a technology and outsourcing services company, on Wednesday announced the formation of its financial services strategic business unit.

Evolving from the recent acquisition of Kanbay International Inc, the unit is a significant contribution to Capgemini's expanding footprints in India.

Salil Parekh, Executive Chairman of Capgemini in India, said the new unit increases the company's global network of financial services professionals to 14,000 employees.

"The new unit will enhance Capgemini's domain knowledge to be a leader in the financial services sector. This will create a global IT services firm with unparalled expertise in the BFSI (banking, financial services and insurance) vertical, along with consulting and technology specialisation."

As part of the growth plan for the FS SBU, Capgemini will increase its investment in training and development of the professionals, a company release said.

It has revamped its training and development centre in Pune. The centre has a 152,000 sq foot state-of-the-art training facility located within the FS SBU campus at Talwade near here, it added.