CRISIL-Irevna, the world’s top-ranked financial services and investment Knowledge Process Outsourcing (KPO) firm, today announced the acquisition of Pipal Research (Pipal), a large player in the KPO Industry. Pipal is headquartered in Chicago. The combination of CRISIL-Irevna and Pipal will be uniquely positioned in the high-end analytical offshoring space with the widest range of services, geographic locations, and customer diversity. Pipal’s operations are complementary to CRISIL-Irevna’s, enabling the combine to strengthen its leadership in the KPO industry. CRISIL Irevna has consistently been ranked the No.1 financial services and investment KPO firm by the Datamonitor Black Book of Outsourcing.

Speaking of the acquisition, Roopa Kudva, Managing Director and CEO of CRISIL Ltd, said “This is an important milestone in the CRISIL-Irevna journey, enabling us to further strengthen our leadership position in the high-end KPO space. Pipal’s deeply embedded client relationships provide a strong platform for growth. The two organisations have complementary strengths, which will enable us to serve our clients better. We look forward to working with Pipal’s talented employees and providing them exciting career growth paths.”

Mr. G.V. Mani, Senior Director, Irevna, added, “The acquisition of Pipal Research not only gives us an opportunity to expand our spectrum of offerings but also presents us a strong customer base, partner franchise and most importantly talented employees, who will enrich our service capabilities.”

Pipal provides business research and investment research services. Its clients include leading global firms in the telecommunications, technology, consumer packaged goods, and industrial sectors, and in the financial services space. Pipal has three research centres in India (Gurgaon, Noida and Bangalore), and an office in Chicago. Majority-owned by Firstsource Solutions Ltd, Pipal reported USD8.1 million of revenue for the financial year ended March 31, 2010.

Via EPR Network
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