The United Kingdom-based Capita is planning to set up business process outsourcing facility in India.
The company has identified financial services sector as the focus area and will largely target private sector clients, IT industry sources said.
The company is a leading player in the BPO space in UK. Capita is firming up its plans to enter India even as there is an outcry about outsourcing of jobs in the west and the US in particular.
Capita plans to set up an Indian BPO outfit in the face of a strong performance in the United Kingdom.
The company reported a net profit of £13.5 m ($21.5m) for the six months ended June 30, compared to a net profit of £10.7m ($17m) in 2002, on revenue that increased 36 per cent to £531.6m ($845.2m).
The company generated 29 per cent of this growth organically, with the remaining 7 per cent from acquisitions.
Capita has also bagged about £286 million ($454.7m) worth of new contracts in the first seven months of 2003.
The Capita Group Plc is one of the largest, and fastest growing, professional support services organisations in the UK.
Capita provides an integrated range of white collar, professional support services on long-term contracts across local government; central government; education and private sector.