Sagility India files prospectus

Sagility India, a technology-enabled healthcare-focused services provider owned by private equity firm EQT Private Capital Asia, filed a draft red herring prospectus (DRHP) with Sebi for fundraising via an initial public offering. The public issue comprises an offer-for-sale (OFS) of 984 million equity shares with no fresh issue component.

Sagility BV, an affiliate of EQT Private Capital Asia, is the promoter and shareholder in Sagility India. Colorado-based Sagility has more than 35,000 employees across five geographies - India, Philippines, US, Columbia and Jamaica.

Sagility India's FY24 revenue from operations increased 12.7% to ₹4,753 crore against ₹4,218 crore a year ago. Its profit after tax increased to ₹228.3 crore for FY24 from ₹143 crore in the preceding year.


ICICI Securities, IIFL Securities, Jefferies India, and JP Morgan India are the merchant bankers for the issue.

In 2021, Asia-focused fund Baring Private Equity Asia (BPEA) acquired the BPM business for an enterprise value of ₹9,000 crore ($1.2 billion). In 2022, BPEA was acquired by EQT AB in a $7.5 billion cash and stock deal.