SPONSORED CONTENT

Vision Plus acquires IL & FS stake in CPG BPM

December 02, 2020 23:30 IST
Tennis player James Blake
Vision Plus Security Control Pvt. Ltd

New Delhi [India], December 2 (ANI/NewsVoir): Vision Plus Security Control Pvt. Ltd., a Delhi based mid-sized Technology Services and BPM company, in partnership with Ajay Guliya, a BPM industry veteran, has acquired nearly 59 per cent stake in CPG BPM.

CPG (formerly known as ISSL CPG BPO Private Limited) provides process management and back-office services to marquee clients in the BFSI & Telecom sector with a manpower of nearly 450 people.

Earlier this stake was held by IL & FS, acquired by them in 2010. The transaction was done through National Company Law Tribunal (NCLT) proceedings. The remaining stake is still held by the founder promoters of the company.

"We are excited with this partnership as it has huge synergies with our existing businesses and forays our entry into BFSI space," said Vishal Goel, Director, Vision Plus, speaking on the occasion.

"This is a highly value accretive partnership for us, and provides us with unique capabilities in the Back Office. It would help us to not only expand our service portfolio with existing clients but also to acquire new clients globally," said Ajay Guliya.

"After 25 years of steering the firm into a growth stage we are truly excited to embark on a new, innovative and globally expansive phase as a result of this collaboration," said Latha Srinivasan, the whole-time director of CPG BPM, commenting on the development.

Staava Capital was advisor to Vision Plus for this transaction.

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Vision Plus acquires IL & FS stake in CPG BPM

New Delhi [India], December 2 (ANI/NewsVoir): Vision Plus Security Control Pvt. Ltd., a Delhi based mid-sized Technology Services and BPM company, in partnership with Ajay Guliya, a BPM industry veteran, has acquired nearly 59 per cent stake in CPG BPM.

CPG (formerly known as ISSL CPG BPO Private Limited) provides process management and back-office services to marquee clients in the BFSI & Telecom sector with a manpower of nearly 450 people.

Earlier this stake was held by IL & FS, acquired by them in 2010. The transaction was done through National Company Law Tribunal (NCLT) proceedings. The remaining stake is still held by the founder promoters of the company.

"We are excited with this partnership as it has huge synergies with our existing businesses and forays our entry into BFSI space," said Vishal Goel, Director, Vision Plus, speaking on the occasion.

"This is a highly value accretive partnership for us, and provides us with unique capabilities in the Back Office. It would help us to not only expand our service portfolio with existing clients but also to acquire new clients globally," said Ajay Guliya.

"After 25 years of steering the firm into a growth stage we are truly excited to embark on a new, innovative and globally expansive phase as a result of this collaboration," said Latha Srinivasan, the whole-time director of CPG BPM, commenting on the development.

Staava Capital was advisor to Vision Plus for this transaction.

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22