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TheHinduBusinessLine.com, 21 March, 2013
Aranca, a Mumbai-based Knowledge Process Outsourcing (KPO) firm, is looking at expansion in markets such as Latin America and China through an organic route this year.
The company, which provides third party investment research and valuation for brokerages, financial institutions and private equity firms, plans to set up two delivery centres in these markets. At present, Aranca has only one such centre in India.
Madhusudan Rajagopalan, Managing Director, said the two centres, 20-seater each, would cater to the markets in North America, the UK and Asia-Pacific region. The centres will not only service the clients present in the same time zones, but also cater to the Portuguese and Spanish companies.
Rajagopalan added the company would look to expand base inorganically. This, he said, would help in more client acquisition and getting new businesses.
He added that the company, which also provides research on IPRs (intellectual property rights), is doing due diligence on the acquisition and will be appointing a merchant banker soon.
On funding, he said the company is looking at raising private equity in 8-10 months time. Besides, it will also use funds from the internal accruals.
The company, which earns 90 per cent of its revenues from the overseas markets, mainly the US, hopes to clock 60 per cent growth in FY 14 through the organic route.
The growth will be driven by newer clients and from new markets. The company employs over 350 people globally.