By Don Sambandaraksa
Singapore: Insurance back-end as a servicefor just $15 an hour per user?
That is what India’s Indus NetTechnologies is offering not justto corporations looking to expand into the insurance sector,but to system integrators looking for a new offering for their clients.
Abhishek Rungta, CEO of Indus Net, explained how hiscompany builds insurance core systems. Household names such as retail giants Tesco and John Lewis use the systems for their insurance subsidiaries as does banking giant Santander and even Belgium’s AGEAS insurance company. The solution is hosted on data centers in Europe to comply with data protection laws.
The company has 550 staff based out of Kolkata( its base), Mumbai, Chennai and Delhi, but notBangalore. Rungta says that the boom there has made the city simply too expensive to operate.
The other side of its business is social media platforms, where the company runs Facebook pages and competitions for lients. Some of his biggest users are banks and automobile manufacturers. For this, Indus sells through advertising agencies.
The company also is branching out into providing enterprise collaboration and IM as a service with a new offering called Socialfire. The client is open source with an open API for integration into the enterprise.
Sales last year reached $6.6 million and have beengrowing at 50% a year for the past three years – ever since the company started coming to CommunicAsia. (Courtesy CommunicAsia Show Daily)
June 21 2014