Genpact eyes big companies in India, abroad
BPO major Genpact Ltd has said it is looking at acquiring companies in the financial, banking and human resource sectors in India and abroad, with revenues in the range of $150-200 million.
"Though there is nothing in the near term, we are actively looking at acquisitions...It will be in the larger ticket size, the kind of companies with revenues of $150-200 million," Genpact President and CEO Pramod Bhasin told reporters on the sidelines of the NASSCOM Leadership Forum 2008 here.
The companies will be in the areas of human resource, financial services, banking or captive BPOs, he said.
The companies being evaluated are located in India, the US and Europe, Bhasin said.
On the impact of a possible slowdown in the US, Bhasin said that the uncertainty in the market would continue for sometime.
"We have to play by strength and not be defensive," he said.
Genpact was receiving a large part of its revenues from the US market, but will be ramping up its operations in China.
"We see a good growth from China, where we hold a leadership position," Bhasin said.
The Genpact President also felt that the Indian BPO industry should be recognised as a younger industry unlike information technology, which has been here for a long time.
"The BPO industry has the potential to provide large employment and business growth so we should not be linked to the IT industry," he said.