|
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 25crore to spend on expanding its Durgapur operations. Two of the companies we are targeting have a revenue close to USD 50 million, and the revenue of the other firm on our radar has revenue nearer to the USD 150 million mark , HTMT Global CEO Partha Sarkar said on the sidelines of CIIs ICT East summit.
We have a USD 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 head count at the Durgapur facility which currently services Bharti Airtel would be raised from 1,500 currently to 2,500 by December 2009. “We will hire 3,000 more by the end of this fiscal, Sarkar informed. HTMT is also investing Rs 25 crore in setting up a 1000seater facility in Durgapur, expected to be operational by next fiscal. The company has already secured 1 acre for the new facility
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 builtup space on lease, he added. HTMT Globals present Durgapur centre occupies 40,000 sq ft. Currently it runs a 650seater BPO in Durgapur on leased premises. We are looking at more tier II cities and towns like Siliguri, for new centres to carry out our non voice services, Sarkar informed. HTMT is also looking at acquisitions in the ITeS space.
|