Aegis Global , BPO company run by Essar Group plans to raise funds by IPO.

Company may start IPO process late year end. Last IPO by the company was for ESSAR OIL back in 1995. ESSAR group had delisted ESSAR Steel some years back.

Aegis plans to raise RS. 700 Crores by issuing new shares and diluting promoter holding.

Current revenue stands somewhere around Rs. 2700 crores . Company has been valued at Rs. 8000 Crores

When the Essar group acquired Aegis four years ago, it was a loss-making company. However today, it has 135 clients and operations across 38 delivery locations around the world.

Aegis counts its global footprint and global delivery model as its strong points. It has a presence in United States, the Philippines, India, Costa Rica, Australia, South Africa, Kenya and Sri Lanka and is now said to be looking at a presence in Europe and Latin America. It services some of the leading companies in the banking, insurance, telecom, health, and travel and hospitality sectors across the world