Press Release Summary = Kolkata center to compliment company's aggressive expansion plans through organic and inorganic routes
Press Release Body = July 23, 2007 Mumbai: Netscribes, Inc. (www.netscribes.com), a pioneering knowledge consulting and solutions firm today announced the opening of its second operations center in Kolkata after its current center in Mumbai, India. The new center will function as a high-end outsourcing hub for global clients in the areas of financial and business consulting, research & analytics, corporate intelligence and content management.
The Kolkata center, situated in the heart of the city off Park Street, will mirror and compliment the company's Mumbai center capabilities and will comprise of over 130 business and financial analysts, custom content creation professionals and knowledge consultants over the next 12 months. The company has plans to scale up the Kolkata facility to over 300 analysts over the next 3 years. The company-owned facility is situated in the key business district of Park Street and will act as a knowledge hub for its key global and Indian clients. It is linked to Mumbai virtually.
Inaugurating the facility, Sourav Mukherjee, Founder & CEO, Netscribes, Inc. said, "We chose Kolkata over other cities because the city offers value-for-money infrastructure with global connectivity. Improved lifestyle facilities and high-end intellectual talent with strong English language skills also make Kolkata conducive to the global solutions the firm offers. Not to forget the very proactive and industry friendly environment in the state. "
The firm is currently completing its first phase of recruitments and is actively scouting for top-end resources to meet the stringent demands of its global clients. The firm traditionally employs only best-of-breed MBAs, BEs, CFAs, post-graduates and exceptional graduates.
Commenting on the launch, Ramanan Raghavendran, nominee director of Insight Venture Partners (the major PE investor at Netscribes) and co-founder & Managing Partner, Kubera Partners, said, "I am delighted about Netscribes' second delivery center after Mumbai. This is a seminal moment in the company's growth and is a harbinger of the company's future prospects".
Recent reports show that Kolkata has 50% lower attrition rates and professionals are much more focused in building careers. With the availability of a rich talent pool of engineers, post graduates, MBA (finance and marketing) and CFAs/CAs, Netscribes hopes to create a center of excellence in Kolkata. The city has a strong professional education background having few of the most legendary and best academic institutions.
"Netscribes' Kolkata center strategy is based on the high-end consulting & knowledge outsourcing business model. We are not focused on the number of bodies like BPOs and KPOs, but feel there is a market between the consultancy firms and the KPOs. This is far more IPR-driven than seat or person-hour driven. Our growth mantra is clearly profitability by providing high-end consultative solutions to clients. With the Kolkata center in place, we are looking at growing aggressively with a talent pool that can scale up skills wise and not only in numbers" added Mr. Mukherjee.
Netscribes works with few of the best Fortune 1000 clients across the globe. Some of its clients include top-10 global investment banks, private equity firms, hedge funds, global software services firms, large corporations and research & media firms.
The company currently has over 60% of its revenues coming from US and Canada, over 15% from Europe and the rest from the Asia-Pacific region. It has active sales presence across the world in the key geographies like the United States, Europe, the Middle East, Asia-Pacific and India.
About Netscribes (www.netscribes.com) Netscribes is a knowledge-outsourcing firm with clientele across the globe. The company's expertise spans areas of investment & business research, business & corporate intelligence and content-management services. At its core lies a true value proposition, which draws upon a vast knowledge base. Netscribes is a one-stop-shop designed to fulfill clients' profitability and growth objectives.
Web Site = http://www.netscribes.com
Contact Details = For further information and editorial queries, please contact: Biswadeep Gupta Senior Manager - Sales (India & Asia-Pac) email: biswadeepg@netscribes.com Mobile: +91 98203 71385 Direct: +91 22 66427525
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