Aditya Birla Minacs acquires US-based BCR

MUMBAI: Aditya Birla Minacs, the business process outsourcing arm of the Aditya Birla Group, on Wednesday said it has acquired the US-based Bureau of Collections Recovery ( BCR), an accounts management firm.

With this acquisition, the clients of Minacs would now have access to BCR's team of collections experts and its experienced top management, Aditya Birla Nuvo, the parent firm of Minacs, said in a filing to the Bombay Stock Exchange.

However, the company did not disclose the financial details of the acquisition.

Post the acquisition, BCR would operate as a subsidiary of Aditya Birla Minacs.

BCR has a strong base of clients in banking, financial services and telecom sectors, as well as in pre charge-off, primary and secondary post-charge off collections.

The acquisition "demonstrates our commitment to the strategic mission of building new capabilities," Aditya Birla Minacs CEO Deepak Patel said.

"With Minacs' global delivery platform, we will leverage our strengths to focus our efforts towards winning larger opportunities in this market place," BCR President & CEO Marty Sarim said.

Aditya Birla Minacs is a business solutions company that partners with global corporations in BFSI (banking, financial services and insurance) segment.