Over the last ten years, the Indian BPO industry has grown to achieve a scale of more than USD 12 billion in revenues. Presently, worth nearly USD 150 billion, the industry employs over 400,000 people. The BPO industry of India is expected to undergo many minute changes.
EXL Services is likely to have finalised valuations of USD 350-500 million for stake sale and will be accepting bids for the same by mid-April, CNBC-TV18 reports quoting sources familiar with the development.
Executive chairman Vikram Talwar is likely to sell off his stake in EXL Service Holdings (EXLS) along with private equity firms Oak Hill and BlackRock, reports CNBC-TV18 quoting sources.