Ranked first in the ITeS category for second consecutive year
New Delhi, July 09, 2014: Encore India, a wholly-owned subsidiary of Encore Capital Group, has earned 13th place in this year’s The Economic Times-Great Places to Work Study in India. The company was rated in the top position in the IT enabled services (ITeS) category for the second consecutive year. The top 50 and best companies lists in various industry verticals are the result of the most extensive workplace study in India, ‘India’s Best Companies to Work for’ Study, which is conducted by The Economic Times and Great Place to Work InstituteTM, India.
Companies are judged and ranked on a combination of quantitative and qualitative measures. Two-thirds of the score is based on employee survey responses and one-third is derived from open-ended questions about employee issues such as internal communication, employee recognition and distinctive workplace practices.
Manu Rikhye, the company’s Executive Vice President and Managing Director, said, “I am delighted that once again, we have been featured in the Great Places to Work Survey. We at Encore believe that our employees are the foundation of our success. Dedication and commitment permeate every aspect of our business and foster a culture in which employees perform at the highest level while maintaining healthy balance in their lives. We are focused on consistently innovating by investing in workplace programs and employee motivation initiatives that focus on professional growth and personal well-being.”
Encore has been operating in Gurgaon since 2005. The company employs nearly 2,000 people in India and has been recognized among the Top 50 Best Places to Work for four consecutive years by the Great Place to Work Institute. In 2013, Encore India was ranked 14 overall and number one in ITeS, while competing against more than 550 companies. The company participated in the GPTW survey for the first time in 2011 and was ranked 37 followed by 34 in 2012.
About Encore Capital Group, Inc.:
Encore Capital Group, an international specialty finance company with operations spanning seven countries, provides debt recovery solutions for consumers and property owners across a broad range of assets. Through its subsidiaries, the Company purchases portfolios of consumer receivables from major banks, credit unions, and utility providers, and partners with individuals as they repay their obligations and work toward financial recovery. Through its Propel Financial Services subsidiary, the Company assists property owners who are delinquent on their property taxes by structuring affordable monthly payment plans and purchases delinquent tax liens directly from selected taxing authorities. Through its subsidiaries in the United Kingdom, Cabot Credit Management, Marlin Financial Services and Grove Capital Management, the Company is a market-leading acquirer and manager of consumer debt in the United Kingdom and Ireland. Through its Refinancia subsidiary, the Company services distressed consumer debt in Colombia and Peru. Encore’s success and future growth are driven by its sophisticated and widespread use of analytics, its broad investments in data and behavioural science, the significant cost advantages provided by its highly efficient operating model and proven investment strategy, and the Company’s demonstrated commitment to conducting business ethically and in ways that support its consumers’ financial recovery.
Headquartered in San Diego, Encore is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500. More information about the Company can be found at www.encorecapital.com. More information about the Company’s Cabot Credit Management subsidiary can be found at www.cabotcm.com. Information found on the Company’s website or Cabot’s website is not incorporated by reference.
About Midland Credit Management India Pvt. Ltd.:
Midland Credit Management (MCM) India Pvt. Ltd. is a wholly-owned subsidiary of the Encore Capital Group, Inc. MCM India has two offices in Gurgaon.