Essar group BPO close to buying Philippines co

Essar Group’s BPO arm, Aegis, is close to acquiring a BPO company in the Philippines, a top company official said. “We are in the advanced stages of acquiring a BPO in the Philippines. We hope to start our operations there within the next two months,” Aegis chief financial officer C M Sharma said. However, he refused to name the company and the kind of investment being made in it. Presently, the BPO has around 500 seats and depending on the business Aegis plans to recruit more personnel after the acquisition, he added. “It can be extended to at least 1,000 seats and we plan to recruit more people after the acquisition is over,” he added. Aegis had recently acquired Gurgaon-based TeleTech Services (India) Ltd, a front-to-back-office business process outsourcing firm for around Rs 55 crore, Sharma said.