PUNE: Capgemini has set a target of reaching the 40,000 mark in India in the next three years.

This would mean a number of 19,000 people this year itself. The target would be met with a mix of organic and inorganic growth.

"We expect to complete 16,500 in headcount in the first half this year and touch 40,000 in the next three years. We will continue to explore acquisitions in the BPO and engineering space," said Salil Parekh, executive chairman for Capgemini India.

This would make India its largest country operations, a space that is currently held by France with 19,000 employees. India presently has a headcount of 15,000 people.

Adding to this expanding footprint of Capgemini in India significantly would be a FS (Financial Services) SBU that the company has announced today. The SBU has evolved from its recent acquisition of Kanbay for $1.25 billion in February and will cover banking, insurance, capital market and investments.

"In April, the company formally launched the process of this SBU and expects it come into full play in 18 to 24 months," said Raymond Spencer, CEO, Capgemini FS SBU. It has been launched already in North America and UK and over a span of six months will be taken further into Europe.

"The SBU currently handles 25 per cent of all work in financial services. Not all work in financial services would come under SBU but it will eventually take in major markets and major work," hoped Spencer.

The financial services business for Capgemini otherwise has 15,000 professionals across the globe with 5500 in India. Of these, 7100 people are under the fold of the SBU. It has over 900 clients globally.

Capgemini is also expanding in new centers like Spain, China, Phillipines, Argentina, Morocco, Norway, Vietnam, etc.

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