Hinduja TMT completes BPO biz demerger

Outsourcing major Hinduja TMT has demerged its ITES-BPO business into a separate company called 'HTMT Global Solutions'.

While Hinduja TMT would re-commence trading on the stock exchange from today, HTMT Global Solutions would list after completion of regulatory approvals, Hinduja TMT said in a release issued to the Bombay Stock Exchange.

HTMT Global Solutions would deal in Business Process Outsourcing (BPO) as well as contact center services, the company release said.

The newly-formed company has 19 delivery centres across USA, Canada, Mauritius, Philippines, India and has over 9,500 employees servicing more than 60 clients across the globe.

The paid-up capital of HTMT Global is around Rs 20.53 crore and networth of about Rs 650 crore as on December 2006.

Hinduja TMT further said it would be the majority owner of IndusInd Media & Communications (IMCL), which has presence in digital media distribution, broadband internet, cable movie and home shopping channels.

The company owns 63% of IndusInd Media & Communications (IMCL).

The paid up capital of Hinduja TMT is approximately Rs 20.53 crore and networth of about Rs 587 crore as on December 31, 2006.