Senior leadership comments on the Union Budget 2018-19

Mr. Pradeep Mittal, Executive Vice Chairman, Essar Power Ltd. We welcome the Government’s commitment to electrify every household under Prime Minister Saubhagya Yojana as well as the thrust on creation of livelihood and infrastructure in rural areas. Apart from addressing rural issues, the Government has also maintained fiscal prudence. Tax incentives to MSMEs through reduction […]
Essar announces appointment of Kaustubh Sonalkar as President–HR and Chief Executive Officer–Essar Foundation

Mumbai: 22 January 2018: The Essar Group announced the appointment of Kaustubh Sonalkar as President-HR, and Chief Executive Officer–Essar Foundation, effective 10 January 2018. Kaustubh holds a bachelor’s degree in Science from the University of Mumbai and has a master’s degree in Personnel Management from the University of Pune (HR & Behavioural Sciences). He also has […]
Essar concludes sale of Aegis to Capital Square Partners for US $ 300 Million (Approximately Rs.2,000 crore)

Mauritius / Singapore, 27 November 2017: AGC Holdings Limited (AGC) Mauritius, a wholly owned portfolio company of Essar Global Fund Limited (Essar Global), has concluded the sale of 100% of its stake in ESM Holdings Limited, Mauritius, which is the holding company of Aegis, a major global outsourcing company, to Capital Square Partners (CSP) for US […]
Essar concludes sale of Aegis to Capital Square Partners for US $ 300 Million (Approximately Rs.2,000 crore)

Mauritius / Singapore, 27 November 2017: AGC Holdings Limited (AGC) Mauritius, a wholly owned portfolio company of Essar Global Fund Limited (Essar Global), has concluded the sale of 100% of its stake in ESM Holdings Limited, Mauritius, which is the holding company of Aegis, a major global outsourcing company, to Capital Square Partners (CSP) for US […]
Essar Energy and Oil Bidco Successfully Conclude Sale of Essar Oil Limited to Rosneft and Trafigura-UCP Consortium for US$12.9 billion

Mauritius, 21 August 2017: The controlling shareholders of Essar Oil Limited (EOL)—Essar Energy Holdings Limited and Oil Bidco (Mauritius) Limited, both companies incorporated and managed under the laws of Mauritius—are pleased to announce the successful conclusion of the sale of 98.26% of EOL. Rosneft (through its subsidiary, Petrol Complex Pte. Ltd) has acquired 49.13% stake, and […]
Public notice: False and fraudulent representations by miscreants for securing employment with Essar companies

In or about October 2014, certain instances had come to our notice wherein some miscreants, falsely representing themselves as the representatives of the HR Department of Essar, had addressed communications through emails carrying the trademark of Essar to the members of the public for job interviews in connection with securing employment with Essar Companies. In […]
Aegis Expands Presence in Malaysia

Mumbai, India and Medini, Johor, Malaysia (8th August, 2017): Aegis Limited, a global outsourcing and technology services company, today announced that it has expanded its presence in Malaysia with the inauguration of its new Business Process Management (BPM) Centre of Excellence (COE) in Medini City, the Central Business District of Iskandar Puteri, Malaysia. The state of […]
AGC Networks Announces Q4 and FY17 Year Ended Financial Results

Mumbai, 24 May 2017: AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), a Global Solution Integrator announced audited financial results for fourth quarter and year ended March 31, 2017. Consolidated Financial Highlights for the Quarter ended 31st March 2017 Rupees in Crores Particulars FY 16-17 FY 15-16 % Change( YoY) Q4(FY 16-17) Q4( FY 15-16) […]
Aegis accredited with ‘Aon Best Employer in India 2017’ Award

Mumbai – India, [May 18, 2017] – Aegis Limited, a global outsourcing and technology services company, today announced that it has been accredited with the ‘Aon Best Employer in India’ Award for 2017 by Aon, the global human resources consultancy services firm. The award was presented to Aegis during the Best Employers Learning Conference and […]
Aegis achieves the Leader position in the IAOP Global Outsourcing 100 List 2017

Sustained Excellence as a Leader in the IAOP 100 list for the last 7 consecutive years Mumbai – India, [April 26, 2017] – Aegis Limited, a global outsourcing and technology services company, today announced that it has been featured in the Leaders category of the IAOP® 2017 Global Outsourcing 100 list. The Global Outsourcing 100 […]













































