India Business
Fiserv to increase headcount in India by 2009
May 1, 2007 - 8:30:00 PM

New Delhi, May 1 - US-based IT major Fiserv Inc. Tuesday announced its plans to increase its headcount to 5,000 in India within the next two years.

The company's wholly owned Indian subsidiary Fiserv India, which was established in 2005 as part of the company's global expansion strategy, has recruited 1,000 employees so far.

'Fiserv's globalisation strategy aims at tapping global resources and world class talent, to help our customers effectively leverage the power of technology, and deliver cutting edge products and services in the extremely competitive financial services industry, to enable our customers to achieve best-in-class results,' Arun K. Maheshwari, president, Fiserv India said in a statement.

'We are currently adding 100 new employees a month in India and plan to accelerate that rate. The headcount growth is a testament to the strong support from the parent company as well as of the strong delivery capabilities of the Indian employees,' he added.

The $4.5 billion Fiserv Inc. is a Fortune 500 company, which provides information management systems and services to the financial and insurance industries.

Some of its key services include transaction processing, outsourcing, business process outsourcing -, software and systems solutions.

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