Equiniti India Aims To Hire 800 Employees As Part Of Expansion In India

Monday, 30 October 2023

Equiniti India, a UK-based outsourcing firm focused on financial and administration services, plans to hire about 800 employees by 2024 as part of its expansion plans in the country.

Equiniti India, the offshore arm of Equiniti Group, currently has a total of about 1,500 employees in India across Chennai and Bengaluru. In 2023 alone, the company hired about 400 employees so far. Nearly 50 per cent of employees in India are in operations, 30 per cent in information technology, and 10 per cent in finance. Globally, the company has about 6,000 employees.

“We plan to have 50 per cent of our global population in India in the next two years,” Anand Ramakrishnan, managing director at Equiniti India, told Business Standard. “A large part of our operations is run out of India, including OTC (order-to-cash) process, R2R (record-to-report) process, procurement process, and a few other operations."

As part of the expansion, the company plans to set up a new office near Tidel Park in Chennai. He also said that the company's India arm is working towards bringing its pension scheme policy to enhance customer experience.