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The Economic Times
 
Epicenter to double manpower to 2,500
Kalpana Shah, 20th July, 2004.


BANGALORE: Epicenter Technology, the first third-party BPO to come up in Mumbai in 2001, is doubling its manpower. By March 2005, the number of employees will rise to 2,500. To accommodate all of them, the company is adding another 60,000-1,00,000 sq ft of space in Mumbai over the next few months. Speaking to ET, Mr Sanjeev Dasgupta, CFO, Epicenter said, “We are extending our recruitment to campuses of colleges in smaller cities. In about nine months, we will also be looking to set up another facility outside Mumbai.

We have done a cost analysis and it makes absolute business sense to enter smaller cities. Locations such as Hyderabad, Pune, Jaipur and Chandigarh are the more attractive locations.” The finance for expansion, amounting to about $ 5 million, will come equally from three sources: internal accruals, existing shareholders and some debt from banks.

In order to attract and retain these people, the company is exploring various options such as providing accommodation etc.

“We are also tying up with a leading B school for offering part-time management courses for our employees,” he added. Speaking of the hiring challenges facing the industry, he said, “Hiring quality people was not an issue two years back but has become a challenge in the past 12 months as the environment has become competitive. Three years back, we were the first third party call centre in Mumbai and hence we had an advantage.” Late stage collection services are a tough call to make, and can fetch anything between $11-15 an hour, plus incentives. The highest Epicenter has been able to charge on calls of this nature is $20 an hour.

“It took two years to get to this stage,” admits Mr Dasgupta.

 
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