The UK’s Serco is also in the race for the potential sale of Hutchison Global Services Private Limited.
Mumbai-based Hutchison Global Services, a fully owned subsidiary of Hong Kong billionaire Li Ka-shing'sHutchison Whampoa, does captive back-office technology work and customer service support for the group's mobile telephony services in the UK, Ireland and Australia.
Hutchison Global Services clocks revenues of over $160 million and the BPO has 12,000 staff working at five locations in Mumbai and Pune.
Serco BPO delivers voice-based solutions, database management and back-office support services for Indian and international customers.
In 2008, Serco entered the Indian BPO market by acquiring 60 per cent in InfoVision Group for $20 million. Last year, the Serco Group acquired Mumbai-based Intelenet Global Services for $635 million.
As its last purchase, Tech Mahindra acquired the international operations of Delhi-based vCustomers International Services Private for $27 million.
The company’s board had approved the merger of Mahindra Satyam with Tech Mahindra last month, expected to create India’s fifth largest software firm with annual revenues of about $2.4 billion.
The combined entity will benefit from operational synergies, economies of scale, sourcing benefits, and standardisation of processes to create a top level information and communications technology service provider, according to a company statement.
Tech Mahindra had taken over the scam-hit Satyam in April 2009 and rebranded it as Mahindra Satyam after founder and chairman B. Ramlinga Raju admitted to a multi-crore accounting fraud at the firm in January 2009.