Aegis BPO to hire 5,000 by March-end

Aegis BPO Services, the business process outsourcing arm of the Essar group, plans to add 1,000 people every month until March 2009 month on its rolls. By the end of the current financial year, the company will have a headcount of 35,000.

Aegis BPO today completed the merger of Nasdaq-listed PeopleSupport with itself, taking the company's headcount to 30,000 employees across 31 locations world-wide. The company will have presence in the US, Philippines, India and Costa Rica. The company has set a revenue target of $500 million by FY10-end from the current $450 million (around Rs 2,223 crore).

This would be the 11th acquisition for Aegis BPO in the last three years. In August, Aegis BPO had announced the merger with PeopleSupport for $250 million. This acquisition will give Aegis presence in Philippines and a new business vertical of travel and transport.

Despite the slowdown in the US financial market, Aegis BPO has not seen much of an impact on the business. The company will be focusing on organic growth.

"Our organic growth rate has been around 35 per cent and we expect to have the same for the next year as well," said Aparup Sengupta, global chief executive officer and managing director of Aegis. Aegis has nine centres in the US, which are outsourcing centres catering to clients in the US.

Around 67 per cent of Aegis BPO's current revenue comes from the US and the remaining from India.