Big Growth for India Outsourcing Company

Reuters.com reports WNS Global Services, India's largest independent back-office provider, is growing revenue by 50 to 60 percent.

"Revenue grew 84 percent to $103 million in the year to March 2004, helping it unseat Wipro Ltd.'s Spectramind arm from the top of the list of independent Indian providers. The Indian business process outsourcing (BPO) sector has grown to $3.6 billion from nowhere a few years ago, but captive arms of multinationals account for 60 percent of the revenue"

"WNS employs 5,000 people in BPO centers in Bombay, Pune and Nashik in India, Ipswich in the UK, and it is opening one in Sri Lanka soon. Bhargava said it aimed to double headcount to 10,000 by March 2006."