The Competition Commission of India (CCI) has approved Hinduja Global Solutions' (HGS) proposed acquisition of certain BPM and BPO assets of Mphasis and Msource. HGS has entered into a definitive agreement with Mphasis and subsidiary MsourcE India for buying significant portion of their BPO business for about Rs. 17 crore.
With the deal, HGS will add marquee clients in the telecom and banking and financial services (BFS) verticals as well as bring in over 7,000 customer experience professional.
Hinduja Global Solutions, a part of the multi-billion dollar conglomerate ? Hinduja Group, excels in providing outsourcing solutions that include Back Office Processing, Contact Center services and customized ITES solutions to its global clientele comprising several Fortune 500 Companies.