February 2007
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Chrys Cap selling BPO to Aegis

Private equity major Chrys Capital and other investors are selling credit Global Vantedge to the Essar-owned Aegis Communications for around Rs 100 crore. Chrys Capital, which owns 75% in Global Vantedge, had set up the BPO in 2001. It’s headquarters are based in the US and it employs 1,500 people in tow centres in Gurgaon.

It specialises in credit and receivable management and its customers include credit card companies, telcos, and auto companies primarily in the US and Uk. […]

IT sector to get full govt backing

The IT sector has everything to be happy about. The government’s policy framework for the software industry will continue to be supportive and enabling, rather than be a barrier to progress and innovation, Prime Minister Manmohan Singh said at the … […]