PRESS RELEASE: Hinduja Global Solutions Limited (HGS) announced that it has signed definitive agreements with leading IT services provider Mphasis Group to acquire a significant portion of their domestic business, subject to regulatory approvals.
Upon completion, the acquisition will strengthen HGS’ presence in India by adding newer service capabilities and marquee clients in the telecom and banking & financial services (BFS) verticals while bringing in over 7,000 customer experience professionals. The addition of seven delivery centers across six cities – Noida, Raipur, Indore, Mangalore, Pune and Bangalore will help HGS gain a stronger delivery footprint in the country.
“We see an environment of bullishness in India where companies are getting back into investment mode and looking for ways to enable higher growth. This acquisition is opportunistic and fits well into our growth plans. It adds scale and a wider footprint even as we enhance our capabilities and gain an outstanding team of domain specialists to cater to our clientele,” said Partha DeSarkar, Chief Executive Officer, HGS.
“I am very happy to see that with this agreement, Mphasis will further intensify focus in Digital, Governance Risk and Compliance (GRC), Application Maintenance Services (AMS) and Infrastructure Services (IS). HGS’ specialisation will bring excellent value to the in-scope domestic clients and employees in India,” said Ganesh Ayyar, CEO of Mphasis.