Business Process Outsourcing News and Information

Citigroup will putt its captive business process outsourcing (BPO) arm in India on sale. The bank s per the rumor mill goes has already appointed a merchant banker in US for the perceived sale. The captive arm is called Citigroup Global Services (CGS). Before CGS was renamed it used to be called e-Serve International.

Though no news has come from the management on this, it is heard that certainly a decision has been taken by the head honchos to sell off the outsourcing business units, one of earliest captive businesses in India.

You will remember only a few days ago, India's largest outsourcing company Genpact is going to list $600 million worth of its shares on the New York Stock Exchange (NYSE).