Thursday, October 06, 2005

India’s Largest Financial Services Company Launches BPO and KPO Subsidiary KARVY Global Services

Hyderabad, India and New York, NY (OPENPRESS) -- KARVY, India’s largest non-bank financial institution, today announced the launch of its Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO) subsidiary, KARVY Global Services, Limited (KGS). KARVY services over 350 corporations and 20 million individual investors and is ranked among the top five in all of its business segments. Building on KARVY’s heritage as an accounting firm to start, KGS will focus on providing a full range of Finance and Accounting services including:• High volume transaction processing (accounts receivables and payables processing, fixed assets including depreciation, calculation, etc., general accounting, expenses accounting and account reconciliation)• Financial reporting (financial accounting, general accounting, general ledger, consolidation financial reporting and filings)• Analysis (transaction analysis, finance planning and analysis, marketing decision support and report generation)• Financial management functions (investment analysis, shareholder services, cash management)• Taxation and audit servicesLed by BPO veteran and KGS CEO ARthur Flew, KGS’ management team has combined experience from a range of industries including outsourcing working for companies such as Aetna, Blue Cross Blue Shield, Citigroup, Ernst and Young, HSBC, GE Capital, GSK, New York Life, Putnam Investments, State Street Research, among others. “KGS’ key business lies in providing outsourcing services for high level business functions that build off KARVY’s core lines of business,” said ARthur Flew, CEO of KARVY Global Services. “With today’s sensitivities around outsourcing, it is important to partner with an experienced, proven company. With close to three decades of financial services experience, KGS is able to provide its clients with local knowledge, established resources and global reach.” About KARVY Global ServicesKARVY Global Services Limited is the Business Process and Knowledge Process Outsourcing subsidiary, of KARVY, the largest non-bank financial institution in India. KARVY is ranked in India as the number one registrar, the number two depository participant, one of the top five brokers and the number five investment bank. With a combined capacity of 3200 seats, KGS provides a full range of Finance and Accounting outsourcing services and also offers capabilities in the areas of Transaction Processing (back office processing for a range of industries including Insurance and Health Care), Knowledge Process Outsourcing (KPO - Research and Analytics), Human Resources Outsourcing (HRO), voice and CRM (Customer Relationship Management) and Information Technology (including helpdesk support, integration solutions and technology development). KGS has three centers in Hyderabad, India, headquarters in Hyderabad, India and US headquarters in New York City with additional offices in India, Los Angeles, London and Toronto.

The article sponsored by A-1 Technology Inc, dealing in software outsourcing and software development outsourcing.