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Home > India > Business > Business Headline > Report

Aegis eyes Philippine BPO

Shivani Shinde in Mumbai | June 03, 2008 11:42 IST

Aegis BPO Services, an Essar Group business process outsourcing (BPO) company, is close to acquiring an 8,000-seater BPO firm in the Philippines. The exact size of the deal is not clear.

When completed, the company would have acquired close to 10 firms in the last two-and-half years.

However, a senior executive said the company would not comment on speculations.

Aegis has been bullish on inorganic growth as its races to reach a turnover of $500 million (around Rs 2,000 crore) by 2010. Aparup Sengupta, managing director and CEO of Aegis BPO, had told Business Standard that the company was in talks with 7-10 companies for a 'strategic fit' and was looking at firms in the US, South America and the Philippines.

The company has also stated its intent to invest anything between Rs 200 crore (Rs 2 billion) and Rs 1,000 crore (Rs 10 billion) to acquire these companies.

The company recently acquired the call centre facility of global internet firm AOL in Bangalore. The value of the deal was pegged at Rs 120 crore (Rs 1.2 billion). The company caters to both the domestic as well as the global markets. Aegis has nine centres in the US.

These centres are not for near-shore operations, but are outsourcing centres catering to US clients. Aegis employs close to 8,500 people for domestic operations whereas it has over 3,000 employees in the US.

Going ahead, the company's acquisition strategy would also look at enhancing its nearshore capability. "The focus of the company is now to acquire firms providing services in English-speaking countries. They are looking for acquisition that would give nearshore capability. The company is also looking at the domestic market for acquisition," said a senior executive of the company.

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