Hinduja TMT buys US-based BPO co

This acquisition would enable Hinduja TMT to access a large and high quality client base, comprising many Fortune 500 companies, the company informed the Bombay Stock Exchange.

This would also enhance onshore delivery capabilities of Hinduja TMT in the US in specialised domains like consumer electronics, FMCG, retail, government and telecom, it added.

Affina is a strategic fit in the company's global vision, through its experienced management team, diverse skills and wide-spread network of delivery centres, HTMT is now poised to ramp up its operations in the growing American market. This will be an amalgamation of domain expertise, CRM capabilities and management skills, Hinduja TMT CEO Partha Sarkar said.

The integrated entity would have a customer base of over 65 customers and a total headcount of over 9,000 employees. This acquisition would nearly double Hinduja TMT's combined revenues to over $130 million and catapult it into the top five BPO companies in India.

This deal strengthens Hinduja TMT's marketing presence in US. The company would now be operating from 14 cities, 7 of which are in North America, 1 each in Philippines and Mauritius and 5 in India.

Affina, has annual revenues of $60 million and operations in 7 centres in US and Canada. The shares of the company were trading at Rs 509.05, up 4.72 per cent on the BSE.