Hinduja TMT acquires BPO firm in US

26 October 2006

Mumbai: Hinduja TMT Ltd (HTMT) has acquired US-based BPO company, Affina. Hinduja TMT, however, did not disclose the amount involved in the deal.

The acquisition will enable HTMT to access large and high net worth clients, including many Fortune 500 companies, while enhancing its onshore delivery capabilities in the US in specialised domains such as consumer electronics, FMCG , retail, government and telecom, the company said in a release.

With the Affina acquisition, the company will have more than 65 customers and a total headcount of more than 9,000 employees. Affina would retain its current management for some time and function as a subsidiary of Hinduja TMT.

The company will now operate from 14 cities - seven in North America, one each in the Philippines and Mauritius and five in India.

Affina has annual revenues of $60 million and operations in seven centres in the US and Canada. The company has a three-decade track record of serving globally recognised clients.

For the year to March 2006, Hinduja TMT''s revenues were $52.32 million (Rs2.38 billion).