Wednesday, March 22, 2023

Offshore Staffing Firm Entigrity Plans to Triple Employee Base in India by End of 2024

Offshore Staffing Firm Entigrity Plans to Triple Employee Base in India by End of 2024

Offshore staffing firm Entigrity announced the plans to triple its employee base in India by the end of 2024. Expecting a continued uptick in demand for offshore staffing, Entigrity currently employs a staff of 650 and plans to more than triple the count to 2000 in the next three years. The company has already added 400 professionals to its workforce between April 2020 – May 2021 during the pandemic.

Talking about the expansion plans, Valay Parikh, Co-Founder and CEO, Entigrity Group, said, “We witnessed a sharp increase in demand for outsourcing in 2020. We expect this trend to continue for next 3-4 years therefore we will keep on strengthening our manpower by adding energetic youth and professional talent who are passionate about accounting.”

He also added that the company is planning to hire over 500-600 accounting professionals to meet the demand coming from North America, Canada, and Europe too.

With remote working becoming normal, the offshore staffing sector saw a surge in demand for accounting professionals, with entry-level chartered accountants who have cleared CA Intermediate or second level of the examination becoming eligible for applying for the offshoring jobs during COVID-19. This has led to the growth of the global accounting services market from $574.5 billion in 2019 to $576 billion in 2020 at a compound annual growth rate (CAGR) of 0.3%.

Commenting on this development, Abhi Parikh, Director Operations, Entigrity Group, said, “Building and retaining a strong quality team is key. Our core focus would remain in building the right talent pool for serving the ever-increasing client demand. This year we have also expanded our learning program through various initiatives like gamified learning, short courses, etc.”

Headquartered in Sugar Land, TX, Entigrity has five offshore offices located in India; three of them in Ahmedabad and one each in Mumbai and Vadodara. The company has been managing the increase in demand for accounting services since the onset of the pandemic and it will be interesting to see how they manage the expansion in such trying times.