Aegis BPO invests $100 mn in IT subsidiary

Aegis, Essar group's BPO arm , is setting up technology subsidiary with an investment of $100 million (around Rs 489 crore). The money will be invested in the subsidiary over the next 12 months.

The company will provide end-to-end customised solutions in the areas of voice and data, networking, unified communications, managed services, info security and remote infrastructure management.

The offerings are aimed at verticals such as telecom, government, power and power utilities; companies that already have an  enable IT infrastructure

Aparup Sengupta, managing director and global CEO, Aegis Limited said: “Aegis Tech will also work closely with the existing customers to offer end-to-end solutions. This synergy will deliver more value to our existing and prospective customers. We have put together a highly experienced team led by S K Jha as President.”

S K Jha, President, Aegis Tech said: "The existing technology people under Aegis group companies will move to Aegis Tech. To begin with, Aegis will have over 500 people spread across India, ASEAN, North America, Africa and Australia. The employee base is expected to reach over 1,000 in the next 12-18 months through new hires and acquisitions.”