'Headstrong' Genpact has appetite for more buys | business | Hindustan Times
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'Headstrong' Genpact has appetite for more buys

business Updated: May 25, 2011 21:48 IST
Vivek Sinha

Acquisitions would be key for outsourcing major Genpact to add new capabilities under its ambit, as it seeks to emerge as a complete business solutions company. The deal size could range between $20 million (Rs 90 crore) and $100 million (Rs 450 crore). However, for a company that is a “strategic fit”, the value could be larger.

Genpact last month acquired Noida-based IT services firm Headstrong for $550 million (Rs 2,500 crore). The acquisition was aimed to help Genpact diversify its client base and make deeper inroads into the capital markets business vertical.

“We have done a number of acquisitions in our history and every acquisition adds capability. As we think about the future there are many areas where we would like to add further capabilities,” NV “Tiger” Tyagarajan, president and CEO-designate, Genpact told Hindustan Times. An average acquisition would range between $20 million and $100 million, he said.

From June 17, Tyagarajan will take charge of Genapact from current CEO Pramod Bhasin.http://www.hindustantimes.com/images/HTPopups/260511/26_05_11_buss_23c.jpg

The company is ramping up its capabilities in analytical services, risk services, regulation and compliance, Tyagarajan said.

“Post-recession, the world has become different as there is much more evaluation of risk. We will ramp up these business in the future.”