Mphasis sells major part of India BPO business to Hinduja Global

  Mphasis is selling a significant portion of its domestic business to Hinduja Global Solutions. All 7,000 Mphasis’ employees will be transferred to HGS.

“The deal value was Rs 17 crore but we are getting Rs 140-160 crore in revenue,” The Economic Times quoted an HGS executive said. “We get new clients and new processes that we could look to leverage for the international market. It was too good to let it pass.”

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The company now aims to intensify its focus in Digital, Governance Risk and Compliance (GRC), Application Maintenance Services (AMS) and Infrastructure Services (IS).

“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 of HGS.

“Our employees have found a new home in HGS and will play a pivotal role in augmenting their India footprint. A dedicated unit has been set up to ensure smooth transfer for all employees. There would be no loss of jobs or headcount reduction” said Elango R, chief human resources officer and head emerging geographies business unit of Mphasis.