GP Strategies targets BFSI sector for growth

Chennai, May 9 (IANS) US-based GP Strategies Corporation, which acquired Indian digital education company Emantras for an undisclosed sum last month, is focussing on learning market potential in the Indian banking, financial services and insurance (BFSI) segment for growth, said a top official here on Tuesday.

The official also said the Indian subsidiary of the performance improvement solutions provider will increase its headcount by 30 per cent. Currently GP Strategies India has an employee count of 270.

"The Indian private banking sector offers good business potential for growth. We are already working with two leading Indian private banks," Sanjay Mandal, Country Head & Director APAC, told reporters here.

According to Catakam Kumar, Vice President-Business Development, the company is working with Kotak Mahindra Bank and HDFC Bank.

Mandal said GP Strategies can also run a company's learning department as a managed services.

"The learning market is fragmented making it difficult for a company to select the correct vendor. On the other hand GP Strategies brings to the table all that are needed by a corporate," Mandal said.

"Learning is a complex function. Unlike HR, which is transactional or strategic, Learning can be extremely dynamic, innovative and strategic. The DNA of learning function is very different from any other function," Mandal said.

"We are also into mobile learning space," added Susan Sudhir, Director, Learning Solutions.

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