ProPart Solutions signs deal with US firm

ProPart Solutions India Private Limited, a business process outsourcing company, has entered into a $200,000-deal with US-based Materials Handling Equipment Corporation (MHEC) for managing their entire back-office operations.

This apart, the company will be signing a $0.5-million deal in the next few days with MHEC to set up a new entity called Dealers Development Group that will replicate this service for other forklift dealers in the US.

Addressing the media, A S Durga Prasad, chief executive officer, ProPart, said, "The $200,000 deal that we have signed with MHEC will involve accounting, inventory management, market intelligence and the likes. This contract has been signed for a period of two years."

Through the $0.5 million deal that the company will be signing shortly, ProPart is aiming at partnering with around 25 dealers in the US in the next 12 months.

The company is eyeing revenues of around $30 million in the next 30 months through this alliance. The dealers that it will be targeting come in the revenue segment of $5 million-$15 million. Propart has earned revenues of close to Rs 1 crore in the last year.

Meanwhile, ProPart is also negotiating with a few other companies in Houston and Dallas for similar work and is hoping to close deals within the next 10 days.