Comments
Aegis, the back-office outfit of the Essar Group, is keen to grow its operations in Latin America and Asia Pacific after it sells about half of its business to Paris-based Teleperformance.
The company is also keen to increase the non-voice revenue component in newer lines of business such as finance & accounting, human resource outsourcing and recruitment process outsourcing.
Sandip Sen, Global Chief Executive Officer, said that his company is currently in advanced discussions to make an acquisition in South Korea.
“Asia Pacific and Latin America are set to be big growth drivers for us. We are growing the business organically and inorganically. I can say that we are looking at inorganic opportunities in countries such as South Korea and Japan,” Sen said in a conference call with presspersons.
The company is also keen to setup shop in Spain as a lot of offshoring work for Spanish companies is done by units in Latin America, he added.
Recently, AGC Holdings Ltd, a wholly-owned portfolio company of Essar Global Fund, announced that it had signed an agreement with Teleperformance to sell its outsourcing company Aegis US for $610 million. The company will sell Aegis’s presence in the US, the Philippines and Costa Rica. It will continue to retain the remainder of the BPO business globally.
Aegis is looking to expand India business, Sen said. It will hire 8,000 for this fiscal as it expects India business revenue to grow 30 per cent.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.