Noida-based EXL Service, a business process outsourcing (BPO) services company, aims to become a $1 billion (Rs 4,500 crore) revenue company by 2015.

“We will try and target all our goals towards that,” CEO and president Rohit Kapoor told Business Standard on the sidelines of the Nasscom BPO conference.

EXL expects to close the year with revenue of $350 million. “We should be able to do $450 mn revenue next year,” said Kapoor. Presently, Genpact is the only India-centric BPO firm with annual revenue over $1 bn.
To achieve this goal, EXL’s on the lookout for acquisitions to strengthen its presence in banking, financial services and insurance, and healthcare, besides analytics. “We are in dialogue with six to eight companies in the size of $25-50 mn,” Kapoor added.

At June-end, it had $80 million in cash and cash-equivalent, plus a bank credit line of $50 mn.

Earlier this year, EXL acquired finance and accounting outsourcing service provider, Outsource Partners International (OPI), for $91 mn. “We have been cautious in doing mergers and acquisition,” said Kapoor. “We did our first acquisition in 2006 and after that we didn’t for several years; we wanted to learn how to integrate assets.”

Adding: “We’ve found our ability to identify targets, negotiate these and integrate has become well established.”

Earlier this year, EXL acquired finance and accounting outsourcing service provider, Outsource Partners International (OPI), for $91 mn

Source:http://www.business-standard.com/india/news/exl-targets-1-bn-revenue-by-2015/446962/

ExlService Holdings, Inc. (”EXL”) (Nasdaq: EXLS), a leading provider of outsourcing and transformation services,
today announced organizational changes to its Outsourcing line of business with the appointment of Vikas Bhalla as Head of Outsourcing. Vikas assumes the new role effective November 2, 2009.

As Head of Outsourcing, Vikas will lead Outsourcing operations for all EXL delivery centers globally. Vikas is a Six Sigma Master Black Belt and has been with EXL for the last eight years. During this time, he has spearheaded multiple client operations across the Insurance, Utilities, and Financial Services verticals. Additionally, he has held several leadership roles within the company in the areas of migrations, process consulting, Six Sigma, quality
compliance, certifications, information security and business continuity.

Vikas has over sixteen years of work experience and prior to EXL, he worked with GE, India and Shriram Fibres in various management positions.

With EXL’s recent expansion into new delivery locations, the Company seeks to further enhance operational efficiency, optimize delivery center profitability, and decentralize day-to-day administration. Vikas will oversee
the Outsourcing businesses in India, the Philippines, the Czech Republic and Romania. He will continue to report to Pavan Bagai, EXL’s Chief Operating Officer.

Vikas Bhalla said, “It’s an honor to take on this responsibility with the confidence of both the management and Board of EXL. Being a close witness and party to EXL’s growth and evolution, I understand that what we have achieved has been a result of an aggressive strategy, deft execution and strict discipline. I look forward to further contributing to EXL in this new capacity , especially as EXL is expanding its global delivery footprint and is
well positioned for accelerated growth.”

“I am delighted to see Vikas join the senior management team at EXL and take on the leadership of our Outsourcing operations. Vikas has demonstrated a deep commitment to our clients, sharp intellect and a strong ability to manage large, complex client operations. Vikas is a world-class business leader. We are proud to have him build his career at EXL and lead a substantial part of our operations,” said Rohit Kapoor, President and Chief Executive Officer of EXL.

“Vikas possesses impressive analytical ability and has exhibited exceptionally strong capabilities in strategy formulation and execution, problem-solving, and people management. It has been a pleasure to work with him over the years and I look forward to his continued success as he steps into his new role,” said Pavan Bagai, Chief Operating Officer. “This change will provide our organizational structure more scale as we accommodate EXL’s aggressive growth plans.”

Source: http://www.reuters.com/article/pressRelease/idUS134146+02-Nov-2009+PRN20091102