indias-birla-group-buys-canadian-bpo-business

India's Birla Group buys Canadian BPO business

Aditya Birla Group announces acquisition of Minacs Worldwide, a leading business process outsourcing firm for an estimated $125 million.

Sameera Anand

June 26, 2006

Aditya Birla Group announced on Saturday that it had entered into an agreement to acquire Minacs Worldwide, a leading business process outsourcing BPO firm based in Canada for an estimated $125 million. The announcement was made by Kumar Mangalam Birla, the firm's chairman.

The acquisition will be effected through TransWorks, the Aditya Birla GroupÆs BPO arm. TransWorks currently employs around 4,200 people in facilities across India and Canada. Minacs will catapult BirlaÆs BPO ambitions onto a larger platform as Minacs is a significantly larger firm, about seven times the revenue of TransWorks and employing about 6,000 people. Combined revenues of both firms will be about $300 million.

TransWorks founded in 1999...

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