Aegis BPO Services, an Essar Group business process outsourcing (BPO) company, is close to acquiring an 8,000-seater BPO firm in the Philippines. The exact size of the deal is not clear.
Aegis has been bullish on inorganic growth as its races to reach a turnover of $500 million (around Rs 2,000 crore) by 2010. Aparup Sengupta, managing director and CEO of Aegis BPO, had told Business Standard that the company was in talks with 7-10 companies for a 'strategic fit' and was looking at firms in the US, South America and the Philippines. The company has also stated its intent to invest anything between Rs 200 crore (Rs 2 billion) and Rs 1,000 crore (Rs 10 billion) to acquire these companies.
Full Story: Aegis eyes Philippine BPO
Aegis has been bullish on inorganic growth as its races to reach a turnover of $500 million (around Rs 2,000 crore) by 2010. Aparup Sengupta, managing director and CEO of Aegis BPO, had told Business Standard that the company was in talks with 7-10 companies for a 'strategic fit' and was looking at firms in the US, South America and the Philippines. The company has also stated its intent to invest anything between Rs 200 crore (Rs 2 billion) and Rs 1,000 crore (Rs 10 billion) to acquire these companies.
Full Story: Aegis eyes Philippine BPO
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