Genpact to acquire Indian cos in finance, banking, HR

Genpact to acquire Indian cos in finance, banking, HR
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First Published: Thu, Feb 14 2008. 04 27 PM IST
Updated: Thu, Feb 14 2008. 04 27 PM IST
PTI
Mumbai: Genpact Ltd is looking at acquiring companies in the financial, banking and human resource sectors in India and abroad, with revenues in the range of $150-200 million.
“Though there is nothing in the near term, we are actively looking at acquisitions which will be in the larger ticket size, the kind of companies with revenues of $150-200 million,” Pramod Bhasin, president and CEO told reporters on the sidelines of the Nasscom Leadership Forum 2008 here.
The companies will be in the areas of human resource, financial services, banking or captive BPOs, he said. The companies being evaluated are located in India, the US and Europe, Bhasin said.
On the impact of a possible slowdown in the US, he said that the uncertainty in the market will continue for sometime. He also pointed out that the Indian BPO industry should be recognized as a younger industry unlike information technology which has been here for a long time.
The company is receiving a large part of its revenues from the US market, but will be ramping up its operations in China. “The BPO industry has the potential to provide large employment and business growth so we should not be linked to the IT industry,” he added.
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First Published: Thu, Feb 14 2008. 04 27 PM IST
More Topics: Genpact | acquisitins | Pramod Bhasin | BPO | Nasscom |