India Eco Summit: Genpact scouts for acquisitions

BPO firm Genpact today said it is looking for acquisitions in India and other markets across various verticals but the plans could face hurdles if pricing goes up in the near future.

"We are eyeing acquisitions for sometime and looking at many deals. Pricing is very important for us," Genpact President and CEO Pramod Bhasin told reporters on the sidelines of the India Economic Summit here.

The company Genpact is looking for possible purchases in finance and accounting, supply chain, healthcare, analytics and captives, but declined to comment on the size and timeframe of the deal.

"We are not only looking in India but scouting for acquisitions in the US, China and Europe. But, if pricing goes up, it can be affected," Bhasin said.

He said the global BPO giant has $400 million on its balance sheets.

On its global performance, Bhasin said, the company is expecting 6-9 per cent growth this year in its top line from $1.04 billion in 2008.

He said Genpact is witnessing higher demand in sectors like banking and finance, consumer products and manufacturing.

Bhasin said Genpact has hired 6,000-7,000 in this year so far for its global operations. "Of the total hiring, 75-80 per cent was in India...We have not chalked out hiring plans for next year," he added.