CSS Corp plans to hire approximately 1,300 people in India from various locations in the coming year, reflecting the strong growth momentum of the customer experience and technology services provider, said its chief executive officer Sunil Mittal.
The company, which employs around 6,000 people in India, is also considering going public as an independent company in late 2023.
Speaking to PTI, Sunil Mittal, chief executive officer of CSS Corp, said the company recently passed the 10,000-employee mark globally and that India makes up a significant proportion of its workforce.
“We have doubled our workforce in 2.5 years … Out of 10,000 we have about 6000 in India. Costa Rica now has almost 1,000 people and it will be 1,500 next year. We are well positioned to increase the number of employees (total ) double again in three years, “he added.
Mittal noted that the company plans to hire 3,000 people worldwide this year, of whom 1,800 have already joined.
Regarding campus hiring, the executive said the company plans to hire 1,300 in India through its campus recruitment program.
The CSS Corp C2C (Campus to Career) program has been launched which involves students / engineers during their studies through paid internships. In addition, it enables them to take specific in-depth courses that are required while working with clients.
“We have also invested in cloud labs where students receive hands-on training on various programs / products. A large part of the focus is on how we get the right talent into the system, how we retain and support the talent. We are pretty confident that we can continue on this growth path in the coming quarters, “he said.
CSS Corp is also taking an initiative to recruit 100 former armed forces in India. Mittal pointed out that special attention is being paid to increasing the proportion of women throughout the company and that the company intends to expand the proportion of women from the current 36 percent to 50 percent in the next two years.
The board said the company grew 25 percent in FY21 and expects it to do better in FY22 and be well positioned for growth in the years to come. “… we have enough bookings and deal wins, which makes us confident that we can continue this momentum over the coming quarters … We will close this year with an annual maturity of around $ 225 million,” he added.
In February of this year, Capital Square Partners (CSP) – a Singapore-based private equity fund manager and majority shareholder of Startek – acquired a majority stake in CSS. At the time, Startek, which competes with CSS Corp, announced that it had participated in this transaction by bringing a total of 30 million US dollars into a limited partnership managed by CSP in order to grant both an indirect beneficial interest of approximately 26 percent in CSS as well as an option to acquire a majority stake.
When asked if the company was considering going public, Mittal said the company plans to go public as a standalone company in late 2023.
He added that while it’s too early to talk about the size of the offering, the company hopes to hit around $ 350 million to $ 400 million from a top-line perspective by the time it goes public.
(Only the headline and image of this report may have been revised by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)
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