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Hinduja Global Solutions (HGS), a leading provider of outsourcing solutions, has acquired 100% of the equity shares of HCCA Business Services, a prominent player in Human Resource Outsourcing (HRO) domain, from 3i Infotech. The transaction also includes the Payroll Processing activities of 3i Infotech in UAE and other Gulf Council countries. For the year ended March 31, 2011, these businesses reported revenues of Rs 28.78 crore.
HCCA Business Services is a leading HRO provider servicing marquee customers in Banking, Financial Services, Insurance and other industry verticals. HCCA offers payroll, statutory compliance and employee life cycle support to over 350 clients in India. HCCA a profit making company, currently has more than 500 employees. Harish Chopra, founder of HCCA and current CEO, will now become a part of HGS and drive the HRO practice.
This acquisition marks HGS’ entry into the HRO domain. It builds on HGS’ global delivery capabilities and presents both companies an opportunity to cross-sell to their existing clients. Consequent to the transaction, HCCA would become a wholly owned subsidiary of HGS. This also enables HGS to get a footprint in the Middle Eastern market.
The HCCA transaction is the second acquisition by HGS in this month. Earlier this month, HGS had acquired On Line Support Inc (OLS) a profit making Canadian customer relationship management company with FY 2011 revenues of C$63.4 million. These two acquisitions, will add revenues of around $68 million annually to HGS. This will take HGS’ revenues from $242 million in FY 2011 to $320 million on an annualized run rate basis. i.e. an increase of over 30%. As both the acquisitions have healthy profits, the overall EPS of HGS is expected to increase.
| Company Name | CMP |
|---|---|
| Quess Corp | 638.00 |
| eClerx Services | 2312.00 |
| Info Edge | 5941.00 |
| CMS Info Systems | 408.05 |
| Affle (India) | 1089.30 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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