HTC Global in talks to acquire three firms; to hire 10,000

Jul 30 2014, 01:36 IST
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SummaryIT and IT-enabled services (ITES) provider HTC Global is in talks with one large and two small companies as part of its “strategic acquisition” plans, a top official said

IT and IT-enabled services (ITES) provider HTC Global is in talks with one large and two small companies as part of its “strategic acquisition” plans, a top official said on Tuesday.

“So far, we have grown organically. We are seriously considering strategic acquisitions for our growth. Currently, we are in talks with one large US-based company and two small Indian companies,” HTC Global Services president and CEO Madhava Reddy told reporters.

Declining to reveal the companies, he said while one company was in healthcare segment, the other two are operating in mobility and the IT-enabled services sector.

The company currently has three delivery centres and the fourth one has been set up at Vandalur near Chennai at an investment of R100 crore, he said.

“This facility will house 4,500 employees. Investments made in this facility is about R100 crore. We are planning to recruit 10,000 employees globally in the next three to five years,” he said.

To a query, he said the company would add about 7,000 employees in its India operations while the remaining would be in other parts of the globe as part of its plans to add 10,000 people. The delivery centres offers services in mobility, ERP, integration, big data analytics, infrastructure services, he said.

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