Wednesday, January 10, 2007

Rakesh Jhunjhunwala buys legal and healthcare KPO Inventurus

India’s Warren Buffet and ace investor Rakesh Jhunjhunwala has bought majority stake in Inventurus Knowledge Solution, a company that does back-office work for US- and UK-based legal and healthcare firms, for an undisclosed sum.

Jhunjhunwala had recently acquired Aptech, an IT training firm. He also owns large stakes in Shipping Corporation of India and Kochi-based retail broking firm Geojit Securities.

Inventurus has a 25-seater office in suburban Mumbai and plans to increase the number of seats to 1000. The knowledge process outsourcing (KPO) company hopes to tap into the estimated $5 bn US outsourcing market.

Read the article in The Times of India.

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