Top Business Process Management Firm To Double Its Workforce in India Soon: Details

Renowned business process management firm Visionet Systems is all set and planning to more than double its workforce in India to around 7,000 employees by the end of next year. 

This big news went viral after Visionet India MD and country head Alok Bansal confirmed it saying that the company has already hired 600 people in the last 4-5 months and is looking to hire another 600 people by the end of December 2020. 

"In India we have close to 3,000 people, worldwide 5,000 people. By the end of this year, we should be around 3,700. By 2021, we should be close to 7,000 people in India with a global workforce of 10,000 people," Bansal said. Further giving his stances on hiring in India, he said the company is increasing headcount in India to support its growth. 

"We are looking at growth to continue for 2020 and 2021. We are looking for growth of 50 percent this year and similar size of growth in 2021. Lot of digital transformation that clients planned for next 2-3 years are now happening within a few months," Bansal added.

In the last 4-5 months, Visionet India has gained around 37 new clients, of which majority of them are based in the US. 

"We intend to be one stop shop for the BFSI (banking, financial services, insurance) segment. We are expanding our digital capabilities in India. This will be cloud strategy, mobile strategy, artificial intelligence and machine learning. We are focusing on accelerating digital technology along with deep domain expertise to provide transformational consulting to the BFSI segment. We have started to do it," Bansal further claimed.

Highlitening about the revenue the company has made, Visionet is looking at a global revenue of USD 150 million by the end of December 2020 and its revenue stood at USD 125 million last year. Looking into India's contribution, Bansal stated that Indian contributed around USD 15-20 million of revenue.