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To grow business, create value: Infomedia India
Infomedia India has announced a buyback of 14% of paid up share capital at a price of Rs 245 a share. Managing Director at Infomedia, Prakash Iyer says that now they will continue their agenda, that is to try and grow the business, create value and find ways to make the business a whole new business.
A: It is off to a great start and our first magazine, which was launched at the end of last month, is a magazine for jewellery trade called JCK. It has had an extremely good response. So we are on track as far as the JV is concerned.
Q: Do you have any more acquisition plans?
A: The yellow pages business, the magazine and the BPO business are the three growth engines we had identified for ourselves. The BPO business is growing very quickly.
The acquisitions we have made have settled in quite nicely. We now had a front end in the US and the UK, so having done that, we remain open to find opportunities, which would make strategic sense for us.
Q: What sort of growth are you looking at from the BPO business?
A: To give a ballpark figure, the industry is growing at 25% and we would like to do better than that at Infomedia.
