indian-outsourcing-firm-said-to-be-attracting-solid-interest-for-its-ipo

Indian outsourcing firm said to be attracting solid interest for its IPO

WNS aims to raise up to $208 million and become the first listed Indian business process outsourcing firm.

Anette Jönsson

July 19, 2006

WNS Holdings, which is seeking to becoming IndiaÆs first listed business process outsourcing BPO firm, is meeting strong demand for its initial public offering of up to $208.6 million, according to sources.

Aside from projections of strong growth for the BPO industry over the next few years, investors also like the companyÆs diversified business model that incorporates much more than the call centres that tend to spring to mind at the mention of the BPO concept.

Having begun operations as an in-house unit of British Airways in 1996, the company started focusing on providing outsourcing services to third parties in fiscal 2003 after Warburg Pincus bought a controlling stake in the company in May...

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