Genpact eyes buyouts in India, overseas

Business processing outsourcing (BPO) company Genpact said it is open to acquisitions in India and abroad, and was evaluating such opportunities at present.

"We are open to acquisitions in India, the US and Europe," Genpact President and CEO Pramod Bhasin told PTI. However, he did not divulge details on the acquisition plan.

Genpact has operations in 30 locations in nine countries including the US, China, Hungary, the Philippines and Romania.

Besides inorganic route, the company's growth plans through organic means was optimistic as 75 per cent of the revenues at the end of quarter three was from the India operations.

"We are looking at a growth of 25-28 per cent both in terms of revenues and headcount," said Bhasin.

Company's third quarter revenues was $214.6 million, growing by 32 per cent over the same period last year.

The current global employer strength of the company was about 32,000, of which 24,000 was in India.

Genpact was expanding its domestic operations. "We will continue to expand in tier-I and tier-II cities," said Bhasin.

The New York Stock Exchange-listed company also said it has acquired a 7 lakh sq ft facility in Kolkata to develop a mini-campus, which would eventually be able to house an additional 7,000 employees.

The investment for the new Kolkata facility would be around Rs 200 crore.

Genpact recently allotted 12.45 acre by Orissa, 50 acre by Andhra Pradesh and 25 acre by Rajasthan.