Financial Daily from THE HINDU group of publications
Tuesday, Jan 25, 2005
Invensys plans expansion, to hire more at Hyderabad
V. Rishi Kumar
Mr Gregory G. Kataya
Hyderabad , Jan. 24
INVENSYS plc, the $6-billion (Rs 26,286 crore) technology management and production solutions provider with centres in three Indian cities, plans to expand its operations here. It plans to add about 85 people this year to meet the requirements of new product streams.
The Senior Director of Invensys, Mr Gregory G. Kataya, told Business Line that the company has operations in Hyderabad, Chennai and Mumbai and plans to expand its Hyderabad centre.
This has been necessitated as the company has added two new products streams for development and support work out of India.
"We have consolidated Invensys operations here and have added work for Avantis and Foxboro lines to Indian operations. After we exited Baan operations a little over a year ago, Invensys has gone through internal restructuring process and has now embarked on expansion plan based on Invensys brand identity and work culture," Mr Kataya said.
Mr Kataya, who handles human resources at Invensys, said the company's associates have an average age of 29 in India, which is a lot different from its other operations.
"The demands from each of our centres vary calling for a different work culture and approach. Interestingly, the attrition rate in India is almost half that of the industry average which is 18-20 per cent".
To meet the Indian human resource requirements, the company has reworked its work compensation packages, providing for a lot more flexibility in terms of overall package. This not only helps retain the existing talent, but also to attract talent laterally as employees gain through referrals, Mr Kataya said.
The Hyderabad global development centre of Invensys spread over about 50,000 sq. ft. handles software development, quality assurance and support services of various products of Invensys portfolio cutting across production and energy resources, automation and control systems.
This centre hosts advanced simulation facility.
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