The Hinduja Group is looking to acquire business process outsourcing (BPO) units in the United Kingdom and the United States as part of its plan to deploy idle cash.
At the end of March, Hinduja Global Solutions, the group’s BPO arm, had cash and cash-equivalents of Rs 648 crore, of which Rs 577 crore was with Pacific Horizon, a wholly-owned Mauritian subsidiary.
Hinduja Group India Chairman Ashok P Hinduja said the BPO deals were expected to be finalised over the next few weeks. While the BPO outfit in the UK, with which the Hindujas were in talks, had sales of around 25 million pound (around Rs 170 crore), the US company’s revenues were of the order of $250 million (around Rs 1,000 crore).
