July 29, 2006
BPO-focused Indian firm debuts at the NYSE
If you are keen to invest in an out-and-out BPO company that handles the entire gamut of business functions, the opportunity is going to come knocking later this week. India-based WNS Holdings is slated to go public soon at the New York Stock Exchange.
The timings couldn't have been more in sync with the times; market research firm International Data Corporation has predicted that the global outsourcing market will grow to $641 billion by 2009. Other major Indian players in the BPO industry have recorded outstanding success rates—I have already recorded the growth rate of Infosys in an older post—WNS becomes the first solely BPO-based firm to go public. CNN Money reports:
While WNS serves a diverse group of clients—including Virgin Atlantic Airways, insurer Marsh and British grocer Tesco—its five largest clients accounted for a staggering 41 percent of its revenue in the most recent fiscal year.
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