Kanbay to strengthen its India operations

Kanbay Inc, a global systems integrator providing solutions to the financial services industry, has announced its plans to further strengthen its Indian operations. According to Raymond Spencer, Chairman and CEO, Kanbay Inc, the company has been experiencing high growth chiefly due to the high spend among global financial services to remain competitive.

Kanbay, India is Kanbay's largest development center. Out of a total strength of 1,500 associates, Kanbay India has 1,200 associates working at its development center at
Pune. 

Cyprian D'Souza, CEO, Kanbay India said that Kanbay, for the current recruitment phase, plans to hire a good mix of professionals and freshers. These would mainly include developers, project managers and specialists-business analysts and industry
CMEs.

"Of the total number of professionals that Kanbay plans to hire, about 10 percent would be for high level positions," he added.

The company has adopted a unique 'off-campus' recruitment strategy. It has an ongoing referral program where its associates are asked to refer as many fresh engineering and MCA graduates. 

While in 2001, the referral program accounted for 18 percent of the total recruitment, in 2002, it has accounted for 26 percent. Kanbay Inc plans to increase its association strength, in India, from the current level of 1,200 to 1,900 by the year-end 2003. Kanbay had done similar recruitment last year when it increased its strength at the India development center from 500 to 1,200 associates.

According to Manoj Menon, GM (Staffing and Careers and Recruitment), Kanbay India, recruitment had been initiated through the referral program two weeks ago. "We administered the test to over 1,500 engineering and MCA graduates and were able to absorb 50 of them," he said. 

Kanbay also has plans to establish a development facility in Bangalore.

Cyber News Service