Fiserv India to increase headcount to 5000 by 2009

New Delhi: Fiserv India, a global entity of Fiserv Inc, a Fortune 500 company and one of the largest providers of IT services to financial services industry worldwide, today said it will increase its headcount in the country to 5,000 in the next two years from the current level of 1000.

"We are currently adding 100 new employees a month in India and plan to accelerate that rate. The headcount growth is a testament to the strong support from the parent company as well as of the strong delivery capabilities of the Indian employees," founding president Fiserv Arun Maheshwari said.

The company which started its operations in the country just 18 months ago, is focused on becoming the preferred partner for offshore services (IT, BPO and Infrastructure) in the financial services industry across technology platforms, enabling customers to lower costs and improve quality.

Its domain focus includes Banking, Credit Union, Insurance, Payments, Investments, Lending and Healthcare. It also provides Quality Assurance Testing services through its recently established Center of Excellence in India.

Fiserv India currently delivers these solutions and services to the parent company and soon plans to start serving Fiservs 18,000 customers globally, a company statement said.