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Swiss IT services provider ramping up headcount in India

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Bengaluru: Leading Swiss IT services provider Temenos AG is ramping up headcount in India to expand its development centres in Chennai and Bengaluru, a senior company official said on Wednesday.

“We will hire 700 more techies over the next three years to take our headcount to 2,500 from 1,800 presently, making our India operations largest worldwide,” Temenos regional director S.P. Jayanthan told reporters here.

The Geneva-based software product major serves banks and financial institutions worldwide to transform their business and stay ahead of a changing marketplace. About 2,000 firms in the BFSI (banking, financial services and insurance) vertical, including 38 of the top 50 banks depend on Temenos to process daily transactions of over 500 million customers.

The fresh hiring will be across verticals to induct banking product specialists, architects and engineers as our development centres spearhead product innovation, including designing and supporting our banking plaltform T24, used by banks in 150 countries the world over.

By acquiring Multifonds in March for $262 million, the company added 400 techies with related domain expertise to service leading financial firms in India with its fund accounting and transfer agency software. With the acquisition of Financial Objects in 2008, the Chennai-based Indian subsidiary had set up its Bengaluru facility for product development work and providing core banking systems to financial institutions.

“As we believe our Bengaluru operations will grow faster, our staff strength will triple to 2,100 from 700 currently by 2018,” Jayanthan pointed out.

Observing that India was a key region for its growth strategy, company’s Chief Executive David Arnott said in a statement that world class talent, emerging infrastructure and global market requirements made the country a favourable market for growth and expansion.

“Our cumulative investment of $300 million since 1996 and long-term vision to further expand the Chennai and Bengaluru development centres testify our commitment to India operations,” Temenos Client Director Mike Davis said on the occasion.

Admitting that its competitors were BFSI product of Infosys, Oracle and TCS, Arnott said India was at the centre stage of its product development strategy.

“The functionality covered by our financial product (T24) is the largest in banking software, spanning universal, retail, corporate, Islamic, wealth and microfinance,” Arnott added. (IANS)

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5 Best Jobs for Fresh Graduates

For a lot of reasons, fresh graduates yearn to land a job even before the ceremonies are held, and this deals with the fact that there are still opportunities out there

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How to Make The Most of Your Online Training? Check it out here. Pixabay
  • In India, many graduates struggle to find a job
  • It is getting more and more difficult to get a job due to high competition
  • However, there are a few fields which are best for the fresh graduates to pursue

For many graduates in India, finding a job means having to compete with others for an entry-level position. And while the country is still experiencing high dropout rates, a lot of young people are still hopeful of landing their dream job.

As compared to a private job, there is very less work pressure in the government sector. Wikimedia Commons
Many graduates are not able to land their dream job. Wikimedia Commons

For a lot of reasons, fresh graduates yearn to land a job even before the ceremonies are held, and this deals with the fact that there are still opportunities out there that promise high salaries and full government benefits.

Are you on your last dregs of tertiary academia? Here are some of the options you might want to consider.

Medicine

Let’s start our list with the most in-demand profession in the country ever since. With both public and private universities offering a wide range of specializations, students basically face an increasing market for medicine graduates each year. In 2014, at least 50,000 graduates in this field have been produced, with the salary ranging from 80,000 to 150,000 rupees a month.

Medicine is undoubtedly one of the most popular job profiles for a freshly graduate.

Engineering

Experts were gearing up for a massive construction boom from 2013 to 2017, and investments in this industry are likely to increase in the future. For sure, professions in engineering provide heavy compensation packages even for entry-level positions. Senior civil engineers, for instance can earn up to 350,000 rupees a year.

IT and Computer Science

Ever since then, the IT industry in India has become a major player in terms of innovation. One thing’s for sure, the country has become a software and tech hub as most graduates have relocated to Silicon Valley to work with major industry giants. In India, on the other hand, graduates of computer science and software development are also afforded hefty salaries. A case in point are software engineers that earn as much as 300,000 to 400,000 rupees a year, making their professions one of the highest in the country.

Also Read: Facebook, YouTube dominate social media use in US

IT and computer science is yet another job which potentially guarantees success for a graduate.

 English Teachers

As India continues to develop along the lines of IT and services, foreign companies are considering expanding their operations across the subcontinent. This would mean a greater demand for English language lecturers who could train the current workforce. Apparently, companies are investing a lot of their resources in language training; most have also hired in-house trainers, offering at least 300,000 rupees a year to individuals with intermediate to advance-level proficiencies.

 Digital Marketing

Often dubbed as one of the fastest growing labor markets to date, the digital marketing sector in India continues to offer graduates numerous opportunities to work as brand advocates, account specialists, and marketing gurus. And with grosses of up to 400,000 rupees year, who could say no to such an opportunity? But graduates need to know where to look for the best jobs in this field. For those seeking to land a career in SEO, there are many reputable companies, such as BestSEOCompanies.com.

Digital marketing is another popular profession among graduates. Wikimedia Commons
Digital marketing is another popular profession among graduates. Wikimedia Commons

As we can see by now, graduates in India have a lot of options to consider. It is still important for students to decide where they want to be as early as possible. That way, they wouldn’t have to worry a great deal on whether they could get a job or not.