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.
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...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222