Shareholders of HOV Services Ltd, India?s top tier BPO & KPO Company in its 22nd Annual General Meeting held in Pune had unanimously passed a resolution approving 20% (Rs. 2 per share on face value of Rs. 10 each) final dividend. With this the total dividend declared by the Company in the FY 2009-10 amounted to Rs. 4 per share.
In addition to the above the Board of Directors had provided following updates to its shareholders during the AGM:
o Over the last 3 years we made significant progress in rationalizing our customer base, improving technology platforms, product development and overall customer/market alignment. These efforts resulted in the following business impact:
o Improvement from 10.1% EBITDA in 2007 to 2010 run rate of 18.1%
o Rationalized our customer base from 3,600 in 2007 to 1,600 as of Q1FY11
o Productivity improvement and capacity utilization resulting in overall head count from 10,800 in 2007 to 8,873 as of Q1FY11