Sundaram BPO looks to more than double Australia revenue

Sundaram BPO Services, a part of Sundaram Finance, is looking to more than double its revenue from Australia over the next three years.

The move to double revenues comes in the backdrop of its plans to add seven to eight clients in Australia over the next 12 months, the company said.

Sundaram Business Services has over 50 clients in Australia. It offers back office services for accounting firms portfolio management services companies, self-managed superannuation funds and mortgage companies.

Recently, Sundaram Business Services signed BPO deals for back office work from two Australia companies.

“SBS has established a strong presence in Australia over the last 10 years. Australia continues to be a growth market for SBS,” Sundaram Finance Ltd Managing Director T T Srinivasaraghavan said.

“The focus, going forward, will be to help existing customers grow through greater efficiencies and a wider product offering. Simultaneously, SBS will be looking to deepen its presence in new verticals”, he said.

Sundaram Business Services CEO Rajesh Venkat said: “Self Managed Super Annuation Funds segment in Australia makes up the largest proportion of superannuation assets. It is growing at a healthy pace of 10 per cent year-on-year.”

“SBS, which is the largest offshore service provider, is looking to strengthen its presence in this space. We are constantly upgrading our expertise,” he added.