Hinduja Global to open three overseas centres; plans Rs 180 crore capex in FY17

Business process management company Hinduja Global Solutions (HGS) has drawn up an investment plan of up to Rs 180 crore this fiscal, including for setting up one global delivery centre each in the Philippines, Jamaica and India.

"We will be opening one centre each in Jamaica, the Philippines and India this year as part of our expansion plans," the company's Chief Executive Officer Partha De Sarkar told PTI.

He said the company has earmarked a capital expenditure (Capex) of Rs 160-180 crore for the ongoing fiscal, which shall be used for opening the new delivery centres as well as other ongoing activities.

Sarkar said the company is already present in all these countries. IT firms are getting interested in Latin America as a geography to open their delivery centres, though HGS is not thinking on those lines at present, he added.

The Hinduja Group company will be hiring around 3,000 people across its centres, he said, adding the total number of employees stands at under 40,000 at present.

The company is targeting to maintain its revenue growth in "mid-teens" during the fiscal, he said. The situation in Canada, where it had witnessed a slide last fiscal, has improved now.

Sarkar said the company is targeting to expand its pre-tax profit margin, which went up to 10.7% for the March quarter from 9.8% a year ago, by another 1point this year on expected revenue growth and efficiency improvement.

On the issues surrounding diesel cabs, which are key to the industry as it depends on them for transporting employees working at odd hours, Sarkar said he hopes the courts do not do anything in haste but give the fleet owners sufficient time to migrate to other fuels.