INTERVIEW: CAMS CEO says they are actively hiring through the pandemic

BI India
  • In an exclusive chat with Business Insider, CEO Anuj Kumar revealed various skills that the company has been looking to augment more people.
  • According to Nirmal Bang, the 30-year old company ⁠— which enjoys a monopoly in its sector ⁠— is poised for strong growth.
  • According to the red herring prospectus of the company, it has 4,243 permanent employees as of June 30.
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The Chennai-based mutual fund transfer agency Computer Age Management Services (CAMS) is looking to hire more people as it expands its business post the initial public offering (IPO). For the uninitiated, the company is a technology-driven financial infrastructure and services provider to mutual funds and other asset management companies.

According to Nirmal Bang, the 30-year old company ⁠— which enjoys a monopoly in its sector ⁠— is poised for strong growth. “The industry is estimated to have grown at a CAGR of 17% in the past five years. According to CRISIL, the size of the MF RTA business was approximately Rs. 9 Bn in FY20,” the report said.

CAMS is hiring — Cybersecurity, data privacy, and more

In an exclusive chat with Business Insider, CEO Anuj Kumar revealed that the company has been hiring even during the pandemic, and it “continues to bolster the skill base of the company in areas which are important now.”
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According to Kumar, cybersecurity is one of the crucial roles that the company is scouting for talent. “I think cybersecurity and data privacy are the largest areas that we are focused on today. And, we are onboarding a lot of cutting edge talent to make sure we can match the gold standard expected from us,” he said.

Being in a regulated compliance industry, CAMS is also looking for people on the risk and compliance side. Explaining the rationale behind that, Kumar said, “We deal with large amounts of money. And, while we traditionally have a good track record of delivering quality and error-free output— we want to continue bolstering that. Risk and compliance is another large area where we continue to augment the team.”

CAMS is also looking to increase its business on the digital front as people remain reluctant towards physical meetings in this pandemic. For which the company is looking for people with “IT capabilities” to ensure there is “very little or no downtime.”
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And, if that isn’t enough, the company said it continues to hire people with specific skills that are related to their “payments business and skills related to specific areas.”

CAMS: Employee strength
ParticularsNumber of employees
Back office2,617
Front office253
Call centre524
Support functions221
Information technology178
Software solutions business450
Total4,243
Source: RHP

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According to the red herring prospectus of the company, it has 4,243 permanent employees as of June 30 at 261 locations.

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