| Old is Gold
With an estimated revenue of Rs 58 crore, Magus stands sixth in the DQ
Domestic Call Center Top 10 list.
It is among the oldest independent companies in the list, with an experience
of close to two decades. The company, unlike many others which started out at
that time, has focused on the inbound customer services business and draws 90%
of its revenue from there. Magus positions itself as a customer retention
company with its extended definition of customer, including consumers,
employees, and channel partners of its clients. In fact, Magus is one of the
most acknowledged dealer-support service providers and has a successful track
record in the demanding media business.
Like most companies in the list, Magus draws a whopping 85% of its revenue
from its telecom clients that include the top three private GSM service
providers in India, though the company has a total client base of around 20.
Despite a much-hyped move by Bharti Airtel to consolidate its customer
services outsourcing, which was followed by Vodafone and Idea, Magus is one of
the few older service providers that all these companies still retain.
Magus has witnessed a growth of around 45% CAGR in the last four years and
expects that to continue in future. While it expects the share of its telecom
business to come down marginally, it is focusing on new areas like banking,
entertainment, and retail. The company will continue to focus on inbound
customer retention even in the new verticals that it expects to grow.
The Tata Entry
SerwizSol, a wholly-owned enterprise of Tata Sons, may be a small entity in
the huge Tata empire but if plans go well, it could be Indian domestic BPO
industrys own Convergys or Genpact. Starting as the in-house customer service
operations of Tata Groups telecom services entities, SerwizSol is tapping other
clients, starting, of course, with another group entityTata Sky.
Though the Tata group companies still account for an estimated 70% of its
revenues, the company is building a framework to cash in on the domestic
consumer opportunities. To start with, the company has managed to sign in a few
clients in BFSI and travel, including a low-cost airline.
Like a mature captive operation of a large company, SerwizSols distributed
delivery is not spread too thin, as in the case of its peers in similar revenue
bracket. Its delivery operations are consolidated in three placestwo 1,800-seat
centers in Pune and Hyderabd, and one 1,000-seat center in Mohali. The other
advantage of the company is that being an in-house operation, it has expertise
in all the areas of customer lifecycle management.
However, the company is positioning as a customer care organization, also
eyeing the potentially long-term opportunities of consumer care for all consumer
companies, even as most other service providers are looking at verticals such as
telecom, BFSI and travelthe areas that are easier to tap but are seeing
commoditization. This means the company has to look at a micro-marketing
strategy.
Though SerwizSol has so far grown organically, it may have to look at
inorganic ways to grow further.
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