 IT Services provider iNautix Technologies India, an affiliate of Pershing LLC and The Bank of New York Mellon Corporation, plans to undertake in next round of expansion in Pune where it will take up 88,000 sq ft space and employing 800 people. The third phase of its expansion would also be its first outside Chennai. Pershing's managing director and chief information officer, Suresh Kumar said that unlike many IT companies that works on the cost arbitrage' model attempting to cash in on lower employee cost in India, iNautix will expand its presence in India on the basis of its ability attract talent. Kumar met the media in Chennai to brief about its recently concluded second phase of expansion covering 57,000 sq ft and taking its overall presence in Chennai to over 246,000 sq ft. The expanded facility in Chennai is expected to take the overall head count for the company to 2200 by end of the calendar year. iNautix is a dedicated IT service provider for Pershing and its customers who are essentially stock brokers in US and Europe. Pershing LLC is a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors who collectively represent over five million active investors. Bookmark/Search this post with:
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