Hinduja group BPO HTMT Global Solutions said it is in buyout discussions with two US companies and one UK firm to strengthen its portfolio and added that it has lined up Rs 25-crore to spend on expanding its Durgapur operations.
“Two of the companies we are targeting have a revenue close to $50 million, and the revenue of the other firm on our radar has revenue nearer to the $150 million mark ,” HTMT Global CEO Partha Sarkar said on the sidelines of CII’s ‘ICT East’ summit.
“We have a $110 million reserve to fund the buys.” However, Sarkar did not elaborate on when HTMT Global hoped to close any of the deals and the segments in which the target companies operate. The Hinduja outfit derives the bulk of its revenue from the telecom space, followed by the insurance vertical. “We are sticking to our 100 per cent inbound strategies,” he said.
Sarkar said headcount at the Durgapur facility – which currently services Bharti Airtel – would be raised from 1,500 currently to 2,500 by December 2009.
The firm hopes to complete construction of a 1000-seat campus there next year. Till the campus comes up, it would take an additional 15,000 sq ft of built-up space on lease, he added. HTMT Global’s present Durgapur centre occupies 40,000 sq ft.
Source: Indiatimes