Infosys BPO eyes firms worth $50-200 million

Targets areas where it has negligible presence

Infosys BPO, the business process outsourcing (BPO) arm of India’s second largest IT services provider, Infosys Technologies, is looking at acquisitions worth $50-200 million (Rs 240-950 crore) in areas where the company has a negligible presence. Some of the areas of interest could be manufacturing, insurance, media and entertainment, mainly in the US and Europe.

“The acquisitions will be funded through cash in areas where we have a small presence,” Amitabh Chaudhry, Infosys BPO’s CEO and MD, said on the sidelines of the India Economic Summit here today.

“We plan to hire 2,000 people in the next four-five months or by the end of this fiscal. Currently, we are 16,500 people in India,” he added.

The company recently signed an agreement with the rural development department of the Andhra Pradesh government for setting up rural BPO centres in 22 districts across the state. Infosys BPO has 12 delivery centres across the Asia Pacific, Latin America, Europe and India.