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.