Essar Global announced today that it has acquired Global Vantedge, a BPO company Owned by Chrys Capital - the leader in Collections and Accounts Receivable Management Services. This is part of Essar's plan to have a larger footprint in the BPO segment. Essar has a presence in the BPO segment through its wholly owned subsidiary - Aegis BPO.

Global Vantege has over 1400 employees with facilities in India and San Jose, Costa Rica. It operates in the Banking, Telecom and Automobile verticals and has in its portfolio some of the most renowned companies in this sector. The Company has a presence in the US, UK and Australia. This acquisition is expected to contribute over US $ 25 million in revenues to the BPO business of Essar and is its fourth acquisition in the last one year, the other three being Customer First and Orion in India and Technion in the USA.

Commenting on this acquisition, Aparup Sengupta, CEO of the BPO business of Essar Global in India said, "We are very happy to welcome Global Vantedge to the Essar family. With this acquisition, we now have formidable strengths in this niche segment and will be able to offer the full suite of service offerings around Customer Life Cycle Management. Global Vantedge has built a great practice over the last five years with extremely demanding clients, some of them being Aegis' current customers. This puts us in a strong position and will lead to deeper engagement with our existing and future Clients."

"We have built the largest collections BPO in India and do feel happy that it is now part of a larger canvas at Aegis" said Mr. Brahmal Vasudevan, Managing Director, Chrys Capital.

About Aegis BPO
Aegis BPO, a part of Essar Global, operates integrated BPO services with a presence in interaction services, back office services and value added services. Aegis currently has revenues in excess of USD 180 million. It is India's fifth largest BPO company. Aegis has a global delivery model with centers across USA and India with over 9000 employees with expertise in Telecom, Insurance, Banking and Healthcare.

About Essar Global
Essar Global is one of India's largest corporate houses, with interests spanning the core and infrastructure sectors of industry - steel, energy, power, communications, shipping & logistics and projects. It has an asset base in excess of US $ 6 billion (Rs. 27,000 crore). It employs 20,000 people and has offices in over 50 locations worldwide.