Aegis looks at being listed by 15

Written by Kirtika Suneja | Diksha Dutta | Diksha Dutta | New Delhi | Updated: Aug 25 2011, 03:58am hrs
Aegis, the business process outsourcing (BPO) arm of Essar group aims to get listed on stock exchanges between FY12 andFY15, which will be the companys second phase of growth.

We have an option to get listed. The first phase of our growth will be till FY12 when we reach a billion-dollar mark in our revenue and in the second phase till FY15, we might get listed, Aparup sengupta, chief executive of the company told FE on the sidelines of the ongoing Nasscom BPO Strategy summit on Tuesday.

The companys revenues stand at $700 million at present and the BPO expects the figure to reach $1 billion in fiscal year 2012.

Sengupta said that the growth till FY12 will be organic, an ironic statement as the company has completed more than 16 acquisitions in the last five years.

Previously, the company has been growing at a CAGR of 51% and the growth has been 50% on acquisitions. We are looking at reaching the billion-dollar mark through organic strategies and no acquisitions. We will utilise this time to digest the previous acquisitions that the company has done, he said.

The present headcount of Aegis stands at 57,000, which it plans to expand to 60,000 by FY12.

We are hiring people who have closer proximity to the customers. Our focus has always been on hiring locals onshore and we continue to do so. Our India headcount has been growing at a rate of 15-20% over the last few years.

Another important focus for the company is offering integrated processes to the customers by also focusing on technology processes.

We are concentrating on the integrated experience for our customers and that is where the industry is moving integration of IT and BPO, Sengupta added.

On geographical expansion, Aegis is now eyeing Europe, Indonesia, Malaysia, Nepal and the Arab market to expand its footprint.