The Hindu Business Line : Intelenet likely to get listed

INTELENET Global Services, the BPO company owned jointly by HDFC Ltd and Barclays Bank Plc, is likely to go in for an equity listing in a few years time, according to Mr Deepak Parekh, Chairman, HDFC.

Both HDFC and Barclays own 50:50 per cent equity stake in the BPO venture.

Discussing the company's future plans with newspersons here today, Mr Parekh said, " For companies in this area of business, the PEs (price-to-earnings ratio) are quite high, so it is attractive for us to list it. In fact, we as part of our longer term plan, we would like to list most of our companies".

At present, the company is catering mainly to the UK and US markets and eventually plans to extend its services to Europe as well, said Mr Susir Kumar M, CEO, Intelenet.

Barclays will also outsource some of its work, such as data collection and processing, account openings and voice support services, to the company.

"It is important for us to have the ability to expand our outsourcing opportunities," said Mr Roger Davis, CEO, Barclays Bank Plc.

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