Day 2: Kanbay India on a expansion mode

MUMBAI: Kanbay systems integrator, providing solutions to the financial services industry, today announced its plans to further strengthen the Indian operations.

According to Raymond Spencer, Chairman and CEO, Kanbay Inc., the company has been experiencing high growth chiefly due to the high spend among global financial services to remain competitive.

Kanbay India is Kanbay’s largest development center. Out of a total strength of 1500 associates, Kanbay India has 1200 associates working at its development center at Pune.

Cyprian D’Souza, CEO, Kanbay India said that Kanbay for the current recruitment phase, These will mainly include developers, project managers and specialists ­ business analysts and industry CMEs. Of the total number of professionals, Kanbay plans to hire about 10 per cent would be for high level positions, he said.

Kanbay has an ongoing referral program where its associates are asked to refer as many fresh engineering and MCA graduates. While in 2001, the referral program accounted for 18 per cent of the total recruitment, in 2002, it has accounted for 26 per cent.

Kanbay Inc plans to increase its association strength, in India, from the current level of 1200 to 1900 by the year-end 2003. Kanbay had done similar recruitment last year when it increased its strength at the India development center from 500 to 1200 associates.

According to Manoj Menon, general manager, Staffing and careers and recruitment, Lanbay India, recruitment had been initiated through the referral program two weeks ago."

We administered the test to over 1500 engineering and MCA graduates and were able to absorb 50 of them," he said. Kanbay has plans to establish a development facility in Bangalore.