—Parent Company, The First American Corporation, Seeks to Recruit Additional Workforce in Mangalore—
First Indian Corporation, a wholly owned subsidiary of The First American Corporation (NYSE: FAF), the largest provider of business information in United States, today announced the selection of Mangalore as the third city in which to establish its operations in India.
A new First Indian facility, which will be located on MG Road, Kodialbail, Mangalore, will initially support transaction processing services for the U.S. mortgage industry. First Indian Corporation will seek to initially recruit 250 area professionals and leverage the city’s infrastructure to deliver services to its parent company.
“The expansion of our operations into Mangalore represents the next phase of our multiple-location strategic growth plan,” said Anoop Hegde, country manager of First Indian Corporation Private Limited. “We have successfully operated in Hyderabad and Bangalore for the past 12 years, and Mangalore’s vast talent pool makes it a very attractive location to support our growth.”
In addition to establishing its Mangalore operations, First Indian Corporation continues to grow its operations in Bangalore and Hyderabad. More than 5,300 professionals are now employed at First Indian’s offices, providing a wide array of mission-critical software development, research, analytics, call center and back-office services that support First American’s industry-leading positions in real estate and mortgage information. Careers at First Indian cover a broad range of disciplines, such as product development; quality assurance and testing; mainframe operations; business process re-engineering; inbound and outbound call center support; order, data and image processing; data research; and accounting and legal services.
“The addition of a third city of operation further demonstrates First American’s long-term commitment to India,” said Dennis J. Gilmore, chief operating officer of The First American Corporation. “The successful growth of our Indian operations augments our U.S.-based workforce with high-quality, cost-effective resources and furthers our ability to offer best-in-class, outsourced services to our mortgage industry clients.”
“Our people are the key to our success, and we’re proud to note that 16 of our original 20 employees are still with us over a decade later,” added Hegde. “We look forward to establishing First Indian as a leading business in the Mangalore business community.”
About First Indian Corporation
First Indian Corporation Pvt. Ltd. (www.firstindiancorp.com), a subsidiary of The First American Corporation, is a leading provider of offshore transaction, technology and analytics services for the real estate information and mortgage industries with more than 5,000 employees in its Bangalore and Hyderabad centers. The First Indian Corporation’s primary areas of focus include title insurance, property tax, flood certification, default management services, credit and property information. The company assimilates and delivers information that helps First American customers make decisions, operate their businesses and advance their lives. First Indian Corporation is a key contributor to the ongoing operational efficiency initiatives of several segments of The First American Corporation.
About The First American Corporation
The First American Corporation (NYSE: FAF), a FORTUNE 500® company that traces its history to 1889, is the largest data provider in the United States. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, and Risk Mitigation and Business Solutions. With revenues of $8.1 billion (US) in 2005, First American has approximately 2,100 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.