Broadridge steps up gas on India, to set up $ 6 mn facility

Hyderabad, June 27 (UNI) Broadridge Financial Solutions Inc today disclosed it would invest six million US Dollar in establishing its state-of-the-art facility here and planned to increase its present headcount in India by 30 per cent by March next year.

The two billion USD NYSE-listed company, which had acquired ADP Brokerage Service Group recently, was a leading global provider of technology-based outsourcing solutions to financial services industry.

Its Indian subsidiary Broadridge Financial Solutions (India) Private Ltd plays a crucial role in maintaining Broadrigdge's market leadership in providing integrated solutions in the areas of investor communications, securities processing and clearing and outsourcing solutions.

Mr Richard Berke, Company's Corporate Vice-President, Chief Human Resources Officer, Broadridge Financial Solutions Inc, said in a statement here India played a strong role in Broadridge's business strategy and the Hyderabad centre had been a serving its large and diverse client base including retail and institutional brokerage firms, global banks, mutual funds annulty companies, institutional investors, sppecialty trading firms and clearing firms.

''We will also invest in building domain expertise that would enable our India associates to better understand the global financial markets and enable them provide high value services and solutions.

''Now, with the setting-up of the new state-of-the-art facility, we are looking at continuing to leverage India's capacious talent pool of R&D, Finance and BPO professionals. We plan to increase our associate-base by 30 per cent by March 2008.'' UNI