Fast Track

Sept 06, 2010 (LBO) – India’s Mphasis said its start up outsourcing unit in Sri Lanka may grow faster than planned as it signs up multinational firms to outsource services starting next month. The firm opened a 250-seat facility in Colombo Monday and said it would start shifting work of a ‘multinational’ firm within four weeks.

“As we speak a contract is being finalized with a large multinational to move the work to Colombo,” Ganesh Ayyar, chief executive of Mphasis said after Sri Lanka’s economic minister Basil Rajapaksa opened the facility.

“This will happen within four weeks from now.”

The firm has set up shop in Orion City, a private information technology park operated by Sri Lanka’s St. Anthony’s group. The firm had an option for expansion space in the same building but Mphasis says it may outgrow the building sooner than expected.

Ayyar said Mphasis was talking to another multinational firm to get outsourcing work for its Sri Lanka unit.

“If the contact materializes we are talking anywhere between 500 to 1,000 people,” Ayyar said.

“This would be growing 3,000 to 5,000 people in the space of 36 months.”

The firm was originally expecting the facility