Chennai: The business consulting division of HCL Technologies is targeting the UK in a major way. Ever since it was set up four years ago, the consulting division focused its energies on the US market.
"Expanding our market is a part of our de-risk strategy," says Jayashree Vaidhyanathan, director and unit head of business consulting services. In addition the Euro offers better realisation than the dollar. The division is aggressively offering its process and compliance consulting expertise for the UK corporates.
According to Vaidhyanathan, the division is looking at the business process outsourcing (BPO) segment for process consulting and the implementation of prudential source book in the field of compliance consulting. The prudential source book is a set of regulations for UK financial institutions to have sound internal control systems and to have sufficient capital vis a vis their exposure to risks.
"The deals we are negotiating are really long term – nine or ten years – and really big, ranging between $200 million to $1 billion," she adds.
In line with plans, the consulting division will be increasing the head count by 100 people. The division is looking out for management graduates and chartered accountants.