Aegis Startek

Part of the push to reach this $1 billion target may also come from Chennai-based CSS Corp in which StarTek acquired 26 per cent stake in the company for $30 million, early this year.

StarTek, which has 18,000 employees in India and half of which caters to the Indian market, is also seeing growth in business

Borrowings under new senior debt will bear tiered interest rate, based on Startek's consolidated net leverage ratio and is initially set at Libor plus 450 bps

This makes it one of the first companies in the IT-BPM sector whose CEOs have decided to not take salary

He is also an operating partner of Capital Square Partners, a Singapore-based private equity firm and majority shareholder of Startek

Startek has also announced the addition of Lance Rosenzweig as the Global CEO of the combined business