Wednesday, January 26 2005 10:14 Hrs (IST) - World Time -

New Delhi: Provider of outsourcing solutions to mortgage banking industry, Trinity Partners is planning to invest $15 million this year to set up a delivery center in Gurgaon.

"We are planning to buy a facility with floor area of 80,000 sq ft in Gurgaon in February which can accommodate our existing staff and provide for future growth," managing director of Trinity's India operations Arvind Srivastava said.

"The building will require $10 million investment and $5-6 million will be spent on IT infrastructure," he said. The capacity of the new centre will be 900 seats and it will be able to accommodate 2,500 people. The company has so far invested $2.5 million in India.

The entire funding for expansion will come from promoters and internal accruals. Trinity, which began its operations in India 14 months back, has already exhausted capacity at its existing 18,000 sq ft centre that can accommodate close to 300 people.

Before the new building comes up, the company has hired 16,000 sq ft additional space. Trinity has already begun operations from the second facility.

"We will require 50,000 sq ft of space to provide for expansion expected this year," Srivastava said.

Trinity has 550 people in India and expects the headcount to go to 900 by the end of this year. Trinity is also looking at locations other than Gurgaon for expansion.

"We are looking at locations like Pune and Hyderabad to set up a disaster recovery centre initially and then may be a delivery centre," Srivastava said.

The company is also planning a data centre in the US, which is its sole market till now. "We are now also looking at the UK market," he said. The company provides 18 processes to the US mortgage banking industry.

"We are planning to get into retail banking by September this year," Srivastava said. Trinity has three clients in the US, who are rapidly ramping up business and doing pilots with two others.