M&A

M&A

Bandhan Financial Services acquires BPO co. Genisys for Rs.100-Cr

Economic Times  

Bandhan Financial Services Ltd (BFSL), the promoter of Bandhan Bank, has acquired global information technology and business process services provider Genisys group of companies , which has its origin in London, for nearly INR 100 crore in an all cash deal.The IT and BPO services group had three separate companies under it -- Genisys Software Ltd (UK), Genisys Software Ltd (US) and Genisys Information Systems India Pvt Ltd.BFSL acquired the all three separately and has brought them under one entity -- Genisys Information Systems India Pvt Ltd, which is located in Bengaluru and will become the head office. The London and New York units will be turned into its subsidiaries.The target group provides solutions to banking and financial services companies as well as to sectors like healthcare, manufacturing, retail & e-commerce, travel & hospitality, media, marketing & advertising.