EXL eyes 210 mn revenue by '08

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New Delhi, March 26: Business process outsourcing firm EXLService Holdings on Wednesday said it expects a revenue of 205-210 million dollar by the end of this year. "We expect our revenues to touch 210 million dollar by the end of 2008," EXLService Holdings President and Chief Operating Officer Rohit Kapoor said.

The revenues of the company stood at 179.9 million dollar at the end of 2006. The company is also eyeing the Eastern European market and is planning to open a new centre in Romania. "We will also open a new centre in the Philippines by next month with an investment of 8 million dollar," he added. The new centre would have a capacity for 900 seats and focus on voice-based services in various verticals.

The services of EXL had not been impacted by recession in the US Economy, as currently only 5 per cent of our services are exposed to mortgage, he said.

More than 45 per cent of the company's business comes from the insurance vertical.

The company is also planning to start a new centre in Latin America in 2009.

Besides, the company is planning to set up a new unit in a SEZ near Delhi.