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Bits forms BPO subsidiary in India
By agencies
|
Monday, 02 May 2005, 19:30 IST
MUMBAI: Bits Ltd has formed a wholly owned subsidiary for launching business process outsourcing operations in India with authorized capital of 
50 million ($1.15 million). The BPO outfit has been named BITS eServe Ltd; the company informed the Bombay Stock Exchange today.
This subsidiary would currently concentrate on the global companies, which are outsourcing their work to India, it said.
BITS eServe would provide a complete spectrum of services in the form of call center services, training, customer services, telemarketing and other voice-based and web-based BPO services, it said.
Expecting to generate good business in the backdrop of current growth rate of BPO in India, the company is also planning to open up units at its regional offices in Delhi, Chennai, Vadodara, Bangalore and Hyderabad in addition to the head office here, it said.
Meanwhile, Bits is in advanced stage of negotiations to acquire majority stake in U.S.based BPO Marketing company. Earlier, the company's board had approved 200 million to acquire this outsourcing company to synergies its BPO operations, it said.
This acquisition would ensure a dual strategy where the company would have the marketing unit in U.S. and execution unit in India, it added.
50 million ($1.15 million). The BPO outfit has been named BITS eServe Ltd; the company informed the Bombay Stock Exchange today.
This subsidiary would currently concentrate on the global companies, which are outsourcing their work to India, it said.
BITS eServe would provide a complete spectrum of services in the form of call center services, training, customer services, telemarketing and other voice-based and web-based BPO services, it said.
Expecting to generate good business in the backdrop of current growth rate of BPO in India, the company is also planning to open up units at its regional offices in Delhi, Chennai, Vadodara, Bangalore and Hyderabad in addition to the head office here, it said.
Meanwhile, Bits is in advanced stage of negotiations to acquire majority stake in U.S.based BPO Marketing company. Earlier, the company's board had approved 200 million to acquire this outsourcing company to synergies its BPO operations, it said.
This acquisition would ensure a dual strategy where the company would have the marketing unit in U.S. and execution unit in India, it added.
