Two competency centres on Kaashyap's anvil

The Hindu,
March 22, 2008 : 1730 Hrs
D.Murali

Chennai: Kaashyap Technologies Ltd (KTL) is planning to set up two training institutions, an IT (information technology) security and risk management competency centre, and a capital markets training centre.

"These are going to be up and running by May this year," informs Mr Sanjay Bhardwaj, the company's CEO, speaking to Business Line. "The focus of these competency centres will be to develop skills for the leading BFSI (banking, financial services and insurance) players."

With these initiatives, KTL will be adding newer verticals to the existing SAP services wing, elaborates Mr Bhardwaj. "In the SAP vertical, KTL is building expertise in the areas of NetWeaver Framework, SAP CRM and SAP IS Retail. These will enable the implementation of the SOA (service oriented architecture) and develop business in the US and India in the fast-growing trade sector."

A major SAP project that KTL is on the verge of completing involves a leading IT company in India and the implementation encompassed a multi-country scenario, he says. "Given the success of the big-bang approach we adopted in this project, going forward, we see great opportunity in this space."

On the need for the new training bodies, Mr Bhardwaj explains that the market demand is for "a thoroughbred security professional who has competencies in security software, security framework, security audit, and exposure to vulnerabilities testing, and can implement firewalls and cutting-edge fourth generation anti-malware technologies."

Towards this direction, KTL is in talks with a patent-pending, new-generation anti-malware technology company, Rudra Technologies Pte Ltd., Singapore.

"Most of the trained professionals from KTL's IT security and risk management competency centre will be deployed at the leading institutions like Lehman Brothers, Credit Suisse, and so on," says Mr Bhardwaj. "KTL has already started catering to the current requirements of these companies by sourcing professionals from the market and upgrading their skills, and also positioning them in the companies."

The capital markets training centre is aimed at developing competencies in domains such as investment banking, derivatives, equity, and fixed income. "We want to develop skills on the non-proprietary IT tools and technologies used by the global financial institutions," says Mr Bhardwaj. "This would involve algorithm and application development for live stock market situations."