ICFe to open 150 branches across India

Panchkula, Mar 7 (UNI) Nexgen Edusolutions today announced rapid expansion of the Institute of Computer and Finance Executives (ICFe) which trained executives in the field of accounting, banking, insurance, mutual funds and financial services sector.

Talking to reporters here, Nexgen Edusolutions Managing Director Santosh Mangal said the company planned to set up 150 branches across the country by March next year.

Currently the company had 54 centres spread across North India and had presence in Delhi, Haryana, Punjab, Chandigarh, Himachal Pradesh, Uttar Pradesh and Uttaranchal.

Nexgen Edusolutions, he said, also proposed to invest about Rs ten crore in Punjab, Haryana and Chandigarh in the next one year for opening around as many 50 branches in the region alone.

''The finance industry is witnessing a very healthy 40 per cent growth every year and the demand of finance profesionals is huge. In fact, the Ministry of Human Resource Development puts a figure of 2000,000 as the shortage of finance professionals by 2009,'' he said.

The numbers of CAs and MBAs had been growing. There was a huge gap in semi skilled manpower in the critical areas like Finance, Banking and Insurance, he added.

''ICFe attempts to fulfil this shortage by training students who fit the requirements of the industry. Its students are exposed to practicel enivornment and theoretical concepts in accounts and finance,'' Mr Mangal said.

In the computerised enviornment of today, he said, the focus at ICFe was also to train students on new initiative like-efiling of returns, latest softwares and package.

''The objective at ICFe is to participate in National Building by providing the necessary skill set to make people, living in even the farthest areas of the country, self reliant and employable,'' he said.

UNI MA VN1835