The Hindu Business Line : KPIT Cummins plans BPO arm

The company, which would be involved in business process outsourcing with non-voice operations, would cater to the information risk management (IRM), Mr Anil Patwardhan, General Manager (Finance), told Business Line.

Mr Patwardhan said it was an enabling resolution by the board of directors and that the details were yet to be worked out. He added that the investment required for the BPO would be internally sourced.

Mr Patwardhan said the company had further strengthened its top management team with the appointment of Mr Girish Wardadkar as President and Executive Director. He would head the operations at KPIT Cummins.

Mr Ravi Pandit would continue to be the Chairman and Mr Kishor Patil would continue as Chief Executive Officer and Managing Director of the company, Mr Patwardhan said.

The board has approved the allotment of up to 5,70,000 equity shares on preferential allotment basis to LB I Group Inc, an affiliate of Lehman Brothers.

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