Aegis BPO aims $550 mn turnover; eyes acquisitions

Essar Group's backoffice unit Aegis BPO is eyeing a turnover in excess of $550 million and aims to post over 50 per cent growth this fiscal, a top company official said today.

"For March 2010, our turnover may exceed $550 million. Last fiscal, it was $390 million," Aegis Managing Director and Global CEO Aparup Sengupta told PTI on the sidelines of a conference here.

Aegis aims to be a $1 billion company in a span of couple of years, he said.

"We have been clocking a CAGR (Compound Annual Growth Rate) of 51 per cent for the last four years. This year, it (growth) should be more than that," Sengupta said.

Touted as one of the fastest growing BPO firms globally, Aegis has 32 delivery facilities across United States, Philippines, India, Costa Rica and Africa.

Bullish on expanding operations despite the downturn, the company is looking to set up business as well as delivery destinations globally.

"We continue to expand our global footprint into all geographies. We just set up a maiden office in South Africa and one in Nairobi. We are looking to set up base in China and Continental Europe this year," Sengupta said.

He said the company is currently evaluating 5-6 companies in India and overseas for acquisitions.