CPA Global eyes 25-30 % share in Indian LPO mkt

"We are very clearly focused on achieving a leadership position that will ensure us getting a 25-30 per cent (in India)" CPA Global's Country Head, Bhaskar Bagchi, told PTI.

CPA made its Indian foray in 2007 with an initial investment of $50 million (Rs 200 crore) and has operations in LPO, patents, trademarks and intellectual property (IP) management.

The company presently employs 350 professionals in the country against a global headcount of 1,100 and hopes to take the number to 10,000 by 2015, Bagchi said, adding "Indian legal services industry is poised to grow to $ 640 million by 2010 with an annual growth of $146 million".

"The domestic LPO industry is in a nascent stage and I do expect that the growth would continue in the coming years," Bagchi said.

Besides, an unprecedented rise in India-focused merger and acquisition activities and private equity and venture capital deals have necessitated the need for more flexible resources, Bagchi said.