Mumbai: Online financial marketplace BankBazaar aims to expand its workforce to over 1,250 people by March 2016 in a bid to strengthen its business. 

"We are doubling our workforce annually, and are in a hiring drive. We will add up to 400 more people by March 2016," BankBazaar CEO Adhil Shetty told PTI. 

The company currently has over 850 employees, with 62 per cent males and 38 per cent females, he added. 

"Interestingly, the women in the workforce is growing faster at a rate of over 110 per cent, compared to an 80 per cent growth rate in male employees," Shetty said.