Delhi-based EXL Services Holding is planning to acquire mid-sized companies with revenues ranging between $50 million and $100 million (around Rs 200-400 crore) as a part of its inorganic growth plan.
The company is looking at acquisition of firms in both the US and India. It plans to close at least one deal by the end of this financial year.
EXL has set the revenue for target firms in India in the range of $50-100 million, while it is eyeing multiple acquisitions of small firms offering business process outsourcing services in the US.
"Acquisitions are a core part of our growth strategy and these targets, here and abroad, will happen if we get the right kind of opportunity," said Rohit Kapoor, president and CEO, EXL Services.
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