BPO firm QX may hire 800 accountants, recruiters

U.K.-based QX Ltd., a business process outsourcing company providing finance, accounts, recruitment, pay roll, IT software and corporate advisory services to large recruiting and accounting firms in U.K. and the U.S., is planning to hire 800 accountants and recruiters in India through its subsidiary QX KPO Services, to support its growth plans.

“In this calander year we have plans to hire around 800 people,” said Sumit Goswami, Group CEO, QX Ltd. said in an interview.

“Our company is made out of accountants and recruiters. And, we will hire such professionals for our back office and development centres in India. We will also be hiring people at the higher level,”

The company has about 1,000 people working in India at is back offices in Ahmedabad and Baroda. It is planning to open a development centre in Gurugram in the NCR shortly.

The company’s back offices are in India serving clients in U.K. and U.S. QX has now drawn up plans to expand to Canada and Australia.

Overseas markets

He said the people to be hired this year will serve clients in the four overseas markets.

The company, which started operations in the U.K. in 2003, is eyeing inorganic growth to scale up and enhance its service offerings. “We are looking at acquisition. We will like to grow the company inorganically. So, we are targeting companies which fit our overall strategic plan. We are looking at companies primarily abroad in U.K. and U.S.,” Mr. Goswami said.

“The focus would be to get RPOs or finance and accounting companies which have lot of technology play and have a good technology platform, working on machine learning or Artificial Intelligence. So that we can move up in the value chain,” he added.

“For market expansion, we look at new geographies and for that, we need companies with good client base and strong market reach and brand,” Mr. Goswami said.