BANGALORE, India, June 30, 2015 /PRNewswire/ --
Acquisition to add new
capabilities, expand presence across
India
Hinduja Global Solutions Limited (HGS) (Listed on NSE & BSE,
India) today announced that it has
signed definitive agreements with leading IT services provider
Mphasis Group to acquire a significant portion of their domestic
business, subject to regulatory approvals.
Upon completion, the acquisition will strengthen HGS' presence
in India by adding newer service
capabilities and marquee clients in the telecom and banking &
financial services (BFS) verticals while bringing in over 7,000
customer experience professionals. The addition of seven delivery
centers across six cities - Noida, Raipur, Indore, Mangalore,
Pune and Bangalore will help HGS gain a stronger
delivery footprint in the country.
"We see an environment of bullishness in India where companies are getting back into
investment mode and looking for ways to enable higher growth. This
acquisition is opportunistic and fits well into our growth plans.
It adds scale and a wider footprint even as we enhance our
capabilities and gain an outstanding team of domain specialists to
cater to our clientele," said Partha
DeSarkar, Chief Executive Officer, HGS.
"I am very happy to see that with this agreement, Mphasis will
further intensify focus in Digital, Governance Risk and Compliance
(GRC), Application Maintenance Services (AMS) and Infrastructure
Services (IS). HGS' specialisation will bring excellent value to
the in-scope domestic clients and employees in India," said Ganesh Ayyar, CEO of
Mphasis.
About Hinduja Global Solutions
(HGS)
HGS is a leader in optimizing the customer experience and
helping clients to become more competitive. HGS provides a full
suite of business process management services from marketing and
digital enablement services, consumer interaction services to
platform enabling back office business services. By applying
analytics and interaction expertise to deliver innovation and
thought leadership, HGS increases revenue, improves operating
efficiency and helps retain valuable customers. HGS expertise spans
the telecommunications and media, healthcare, insurance, banking,
consumer electronics and technology, retail, consumer packaged
goods industries, and the public sector. HGS operates on a global
landscape with over 28,000 employees in 60 worldwide locations
delivering localized solutions. For the year ended 31st March 2015, HGS posted revenue of US
$ 458 million. HGS, part of the
multi-billion dollar Hinduja Group, has over four decades of
experience working with some of the world's most recognized
brands.
http://www.teamhgs.com
About Mphasis
Mphasis (an HP Company) enables chosen customers to meet the
demands of an evolving market place. Mphasis fuels this by
combining superior human capital with cutting edge solutions in
hyper-specialized areas. Contact with us on
http://www.mphasis.com