HTMT Global allocates $100-mn for acquisitions of BPO cos
HTMT Global Solutions, has allocated $100-million for BPO company acquisitions in the domestic and international markets.
By PTI |
MUMBAI: Hinduja group company and outsourcing major, HTMT Global Solutions, has allocated $100-million for BPO company acquisitions in the domestic and international markets, a top company official said.
"We are looking at acquisition of BPO companies and have earmarked a $100-million for the purpose. But we are not in a rush," HTMT's Chairman, Ramkrishan P Hinduja, said at the company's annual general meeting held here.
The company has a merger and acquisitions division which would handle acquisitions, he said.
"We have an M&A division which looks for opportunities best suited for the group," he said.
The company may seal a few deals in this financial year, Hinduja said, without, however, revealing further details.
HTMT is a key provider of relationship management solutions, business process outsourcing, outsourced call centre sales/service support and market research.
The company has a presence in six countries with around 75 clients, 21 centres, 9,600 seats and 12,652 employees.
HTMT Global Solutions was hived off from Hinduja TMT, last year.
Describing zibika as a social medium or network on personal finance, Doraiswami said "I am trying to build up a community like Orkut where users can connect with friends and share information on personal finance."
"We also provide EMI-based search results," he said, adding "besides, users can compare products and then pick up the one which suits them the best."
The company provides content on 64 banks and around 15 NBFCs as well as all active insurance players in the market.
zibika was currently working on mutual funds comparison to enable customers benchmark one fund with another.
The portal already has 2,000 registered users and expects to break-even in two years. "I am aiming for a couple of million users," Doraiswami said.
Revenues would mainly accrue from advertising, he said, adding the company has just started its marketing initiative.
"We are looking at acquisition of BPO companies and have earmarked a $100-million for the purpose. But we are not in a rush," HTMT's Chairman, Ramkrishan P Hinduja, said at the company's annual general meeting held here.
The company has a merger and acquisitions division which would handle acquisitions, he said.
"We have an M&A division which looks for opportunities best suited for the group," he said.
The company may seal a few deals in this financial year, Hinduja said, without, however, revealing further details.
HTMT is a key provider of relationship management solutions, business process outsourcing, outsourced call centre sales/service support and market research.
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The company has a presence in six countries with around 75 clients, 21 centres, 9,600 seats and 12,652 employees.
HTMT Global Solutions was hived off from Hinduja TMT, last year.
Describing zibika as a social medium or network on personal finance, Doraiswami said "I am trying to build up a community like Orkut where users can connect with friends and share information on personal finance."
"We also provide EMI-based search results," he said, adding "besides, users can compare products and then pick up the one which suits them the best."
ADVERTISEMENT
The company provides content on 64 banks and around 15 NBFCs as well as all active insurance players in the market.
zibika was currently working on mutual funds comparison to enable customers benchmark one fund with another.
ADVERTISEMENT
The portal already has 2,000 registered users and expects to break-even in two years. "I am aiming for a couple of million users," Doraiswami said.
Revenues would mainly accrue from advertising, he said, adding the company has just started its marketing initiative.
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