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Hyderabad, India and New York, NY -- (ArriveNet - Oct
03, 2005) -- 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 services
Led
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 Services
KARVY 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.
Media
Contact:
Janine Savarese
MRB Public
Relations
732-758-1100 Ext.
103
jsavarese@mrb-pr.com
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