The Hindu Business Line : OPI to hire 1,500; plans second centre

OUTSOURCE Partners International (OPI) Inc, a BPO services provider in finance and accounting, plans to hire 1,500 people and invest $10 million in expanding the operations of its Indian subsidiary, Business Process Outsourcing Pvt Ltd, over the next two years.

Mr Kishore Mirchandani, President, OPI, said the company was looking at setting up its second delivery centre in the country, outside Bangalore. OPI has over 300 people operating from Bangalore. "We are evaluating other cities to branch out and would be finalising the location soon," he said. However, the company runs a pilot unit in Kochi with 50 people.

"We plan to add between 1,000 and 1,500 - mainly chartered accountants, MBAs and commerce graduates - to expand our operations," Mr Mirchandani said.

In November 2004, OPI raised $4 million from Cargill Ventures in third-round funding. Other investors in OPI include Trident Capital and Winston LP.

OPI serves US businesses - public and private, large and small. It handles internal accounting functions such as accounts payable, accounts receivable, payroll, reconciliations and financial reporting from its Bangalore centre. It also has a few clients in the UK.

The company is looking at acquisitions in the US mainly to expand its client base. "We are in talks with a couple of companies and should hopefully conclude a deal this year," said Mr Mirchandani.

OPI had recently signed a deal with a US financial services firm on a build, operate and transfer basis. "We have started executing this deal with 75 people, which could scale up to 500 in two years," Mr Mirchandani said.

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