Firstsource Solutions to reduce domestic business loss via partial sell-off

Move to help the firm in reducing its servicing costs

The RP-Sanjiv Goenka group’s business process outsourcing wing Firstsource Solutions, has sold a part of its non-profitable domestic business.

In a notice to the BSE, the company said it had signed definitive agreements to sell a portion of its domestic business to Vertex Customer Management.

Firstsource, which is in the silent period, did not provide further details on the sale.

Sources said the deal would not affect Firstsource’s bottom line although there would be a dip in the top line. The move is designed to reduce loss-making and less-profitable accounts of Firstsource.

Group chairman Sanjiv Goenka had earlier indicated the company’s focus would be