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HTMT Global allocates $100 mn for acquisitions of BPO cos

HTMT Global allocates $100 mn for acquisitions of BPO cos
PTI
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First Published: Sun, Sep 28 2008. 02 19 PM IST
Updated: Sun, Sep 28 2008. 02 19 PM IST
Mumbai: “Hinduja group company and outsourcing major HTMT Global Solutions has allocated $100 million for BPO company acquisitions in the domestic and international markets,” a top company official said.
“We are looking at acquisition of BPO companies and have earmarked a $100 million for the purpose. But we are not in a rush,” HTMT Chairman Ramkrishan P Hinduja said at the company’s annual general meeting held here.
“The company has a merger and acquisitions division, which would handle acquisitions,” he said.
“We have an M&A division which looks for opportunities best suited for the group,” he said.
“The company may seal a few deals in this financial year,” Hinduja said, without, however, revealing further details.
HTMT is a key provider of relationship management solutions, business process outsourcing, outsourced call centre sales/service support and market research.
The company has a presence in six countries with around 75 clients, 21 centres, 9,600 seats and 12,652 employees.
HTMT Global Solutions was hived off from Hinduja TMT, last year.
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First Published: Sun, Sep 28 2008. 02 19 PM IST