October 01, 2005
GE Capital International Services records growth trends in outsourced work
GE Capital International Services (GECIS) became an independent entity after its parent company General Electric sold its stake in the company to US-based firms. Since the separation, GECIS has expanded its operations out of its base in Gurgaon, India, and has established new centers in China, Romania, Hungary, and Mexico. With an expanding number of new customers, the company has been able to gather orders worth $160 million. With its new name Genpact, the company is aiming at revenues to the tune of $490 million for the year 2005, and a figure of $1 billion by 2007-08.
The company has expansion plans in China and Eastern Europe, and will establish call centers in Latin America. The outsourcing will not harm the job situation in any of the GE operations, as the company is looking to expand for new customers outside the parent company. Tallahassee.com reports:
The company recently acquired Creditek, a U.S.-based outsourcing firm managing revenue cycles for small corporations and health-care organizations. It also struck a partnership with Liberta, one of Britain's leading outsourcing firms with a strong interest in life insurance and pension funds. Both moves have helped Genpact get new clients.
Read More: GE's outsourcing arm wins $160M in orders
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