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HGS acquires 3i Infotech’s HRO business

HGS acquires 3i Infotech’s HRO business
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First Published: Fri, Aug 12 2011. 07 04 PM IST
Updated: Fri, Aug 12 2011. 07 04 PM IST
New Delhi: Hinduja Global Solutions has acquired 3i lnfotech Ltd.’s human resource outsourcing unit, HCCA Business Services Pvt Ltd., for an undisclosed sum.
Hinduja Global has also bought the payroll processing businesses of 3i lnfotech in the UAE and other Gulf Council countries. The details of the transaction were not disclosed.
HCCA Business offers payroll, statutory compliance and other human resource-related services to more than 350 clients in India and has 500 employees.
This acquisition marks Hinduja Global’s entry into the human resources-related services outsourcing business and also gives it a footprint in the Middle Eastern market.
“Our investment in HCCA is in continuation of our endeavour to expand our suite of services and also helps us to offer more options to our clients,” said Partha DeSarkar, chief executive of Hinduja Global.
This is the second acquisition by Hinduja Global this month. Earlier, Hinduja Global had acquired On Line Support Inc., a Canadian customer relationship management company for C$74.85 million.
These two acquisitions, will add annual revenue of around $68 million to Hinduja Global. The company had reported revenue of $242 million in FY 20l1.
surabhi.a@livemint.com
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First Published: Fri, Aug 12 2011. 07 04 PM IST