Evalueserve plans listing next year
Close on the heels of Genpact’s NYSE listing, Gurgaon-based KPO Evalueserve is exploring the option of listing next year.
By Gaurie Mishra, TNN |
NEW DELHI: Close on the heels of Genpact’s NYSE listing, Gurgaon-based KPO Evalueserve is exploring the option of listing next year. “We are looking to go public next year. Though the details are still being worked out, we are looking at both an overseas and an Indian listing,” Evalueserve COO & country head Ashish Gupta said.
The company is a privately-held entity and its financials are not available. It has a team of over 2,000 analysts based out of three locations — India, China and Chile.
Mr Gupta did not talk about the exact size of the listing being planned. Sources say the issue size will be less than $100 million.
Evalueserve provides research, analytics and intellectual property solutions. It also undertakes investment and market research covering multiple industries in more than 50 languages. It has over 1,000 clients and has sales offices in major business centres globally.
Knowledge process offshoring (KPO) is the high-intellect cousin of BPO, where the emphasis is on higher complexity processes that require the talent of professionals with extensive education and experience credentials.
The work requires specific and advanced knowledge of a particular domain, technology or industry. Engineering services, legal process outsourcing, pharmaceutical and biotechnology services are some examples of KPO services.
According to an Evalueserve report, KPO is expected to grow to $16.7 billion worldwide in revenue by 2010-2011 and will employ nearly 3.5 lakh professionals by March 2011. Further, the KPO industry in India is expected to grow to $11.2 billion in revenue by 2010-2011 and will employ approximately 2.55 lakh professionals by March 2011.
The company is a privately-held entity and its financials are not available. It has a team of over 2,000 analysts based out of three locations — India, China and Chile.
Mr Gupta did not talk about the exact size of the listing being planned. Sources say the issue size will be less than $100 million.
Evalueserve provides research, analytics and intellectual property solutions. It also undertakes investment and market research covering multiple industries in more than 50 languages. It has over 1,000 clients and has sales offices in major business centres globally.
Knowledge process offshoring (KPO) is the high-intellect cousin of BPO, where the emphasis is on higher complexity processes that require the talent of professionals with extensive education and experience credentials.
The work requires specific and advanced knowledge of a particular domain, technology or industry. Engineering services, legal process outsourcing, pharmaceutical and biotechnology services are some examples of KPO services.
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According to an Evalueserve report, KPO is expected to grow to $16.7 billion worldwide in revenue by 2010-2011 and will employ nearly 3.5 lakh professionals by March 2011. Further, the KPO industry in India is expected to grow to $11.2 billion in revenue by 2010-2011 and will employ approximately 2.55 lakh professionals by March 2011.
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