Hinduja Global Solutions to hire 2000 people in 2013

BANGALORE: Hinduja Global Solutions said it plans to hire at least 2,000 people over the next one year, as the business process outsourcing firm continues its expansion in markets such as the US, UK and Canada.

The billion-dollar Hinduja Group owned outsourcing firm, which has about $350 million (about Rs 2,000 crore) in revenues, said it will add employees across verticals in these markets. The company has about 23,000 employees as of now.

Hinduja currently gets 27% of its revenues from the US, 20% from Canada, 12% from UK and the rest from Asian markets. During the just-ended quarter, it said markets such as Canada, the Philippines and the US had outperformed management expectations, thanks to increased spending by clients in the healthcare and telecom sectors.

Partha Sarkar, CEO of Hinduja Global Solutions, said he expects more revenues to come from the insurance sector over the next few quarters, as millions of Americans buy health insurance because of the reforms initiated by President Barack Obama. Clients in the telecom space contribute about 31% of Hinduja’s revenues, while the health insurance sector contributes 25% of its total sales.

Nearly 50 million uninsured Americans are expected to buy health insurance over the next one year. As a result, insurance firms in the US are expected to outsource more work to Indian IT and BPO firms.

Last year, Hinduja had acquired auditing major Deloitte's healthcare revenue cycle outsourcing business (EBOS) for an undisclosed amount. On Thursday, the company’s shares closed at Rs 288, down by 0.26% from the previous close.