Karvy is one of India’s largest and most respected integrated services group, covering a diversified Business to Business (B2B) and Business to Consumer (B2C) activities.
Started in 1982, Karvy soon became a financial services powerhouse. It has now diversified into a multi-service behemoth. The group specialises in areas such as e-governance, telecom, banking, high-end contact and call centres, system integration, market research, data analytics, financial services, including investment advisory services, stock broking, real estate broking, alternate investment funds, and non-banking financing.
It also deals with advisory and brokerage services in commodities’ future, currency derivatives, interbank forex broking, wholesale and retail debt market broking, wealth management, registry and shareholder services to corporations and mutual funds, insurance repository services under insurance regulatory and development authority, depository participant services, central record keeping agency services for Pension Fund Regulatory and Development Authority, Renewable Energy (especially Solar Energy), e-Commerce, etc.
Today, it ranks amongst the top five in most business segments. Karvy has also diversified into exciting new-age business segments like data analytics, alternate energy and e-commerce services.
Karvy, which employs over 26,000 people with over 1,300 offices in 600 cities across India, has footprints in the Bahrain, Dubai, Malaysia, the Philippines and the US. Karvy’s philosophy and vision revolves around providing all its stakeholders a promise of a more wholesome future for the country enshrined in its principle of ‘Keep Growing’. It has won many awards and accolades to its credit as testimony to this commitment.
One of the reasons for the Karvy’s growth has been its belief in embracing the latest technologies and the group has a very strong competence in IT and other emerging technologies.
Karvy is actively involved in the Skill India and Digital India mission with initiatives for smart city projects, e-Governance, urban infrastructure, IT and Information Technology enabled services, smart transportation, smart lighting, healthcare, tele-medicine and skill development in various parts of the country including Uttar Pradesh.
In Uttar Pradesh, Karvy has a total of 48 branches and 75 franchised offices, with an active 500-seater capacity Mega Call Centre for the state government. This call centre ensures that every beneficiary derives benefits out of Government schemes by constant feedback. Karvy provides employment to around 2,000 people in Uttar Pradesh and around 30,000 people across the country.
Karvy carried out the Socio Economic and Caste Census, on tablet PCs, in 46 districts of Uttar Pradesh, with a field force of 60,000. It was also actively involved in the preparation of the National Population Register across the state.
Karvy has also been associated with the distribution of LED bulbs in various districts of Uttar Pradesh, under the DELP scheme of the Central Government. Karvy is acting as a Flexi Partner with the Uttar Pradesh Skill Development Mission (UPSDM), running Skill Development centres in five districts.
In its e-governance vertical, Karvy provides Aadhaar enrolment, PAN Cards application scrutiny and processing, filing of e-TDS returns, PRAN, etc. In addition to being associated with the National Registrars, Karvy is also working through the State Registrars (UPDESCO and UPECL) and is the largest Aadhaar enrolment agency in Uttar Pradesh and in rest of the country.
In Uttar Pradesh, Karvy is committed to growing its presence by investing substantially in technology and people. From a total strength of 2,000 people, it proposes to increase it threefold in next three years to 6,000 people. Karvy intends to diversify its activities even further and be present at every taluk-level and participate in the socio-economic growth of the state.