Indian BPO Co Eyes Acquisitions In Eastern Europe, Romania

Indian business process outsourcing firm ExlService Holdings said it will invest $10 million in India and is also planning to expand its operations in Eastern Europe and Romania through acquisitions, according to the online version of The Economic Times newspaper.

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"Eastern Europe continues to remain a high priority for us and we are planning to expand in Eastern Europe through acquisitions," EXL Service Holdings President and CEO Rohit Kapoor said.

The company has earmarked a total of 20 million dollars for expansion plans this year, of which, 50% has been set aside for India, he added.

The company’s profit increased by 26% in the first quarter of the year to $6.8 million. EXL is listed on the Nasdaq Bourse.

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