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November 04, 2006

Real Estate BPO firm NTrust

Businessworld has a short profile of NTrust, a provider of outsourcing services to US Real Estate companies.

NTrust, floated in 2002, has built a $12 million business in the lease administration space. And it hopes to step up revenues to $16 million by 2007.

...Says Srikanth Ramachandran, president and CEO, NTrust: “Only 25 per cent of the US lease administration agreements are documented online.” Which means there is a large outsourcing market to exploit. Real estate agreements require skills like accounting for rent calculation and retailer-builder profit sharing agreements, as well as understanding lease classes and long-term lease payments.

...“An employee in the US is paid $60 per hour and in India the cost comes down to $20 a day. There is enormous cost and time saving.”

Arun Natarajan is the Founder of Venture Intelligence, which tracks private equity and venture capital in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.