RP-Sanjiv Goenka Group Company Expands Global Reach with New Subsidiary in Colombia
The stock is up by 75 per cent from its 52-week low of Rs 176.70 per share.Â
Firstsource Solutions Limited has announced the incorporation of a new wholly-owned subsidiary in Colombia, named Firstsource Solutions Limited Colombia S.A.S. This development is part of the company's strategic move to expand its Business Process Outsourcing (BPO) operations in the Latin American region. The subsidiary, a step-down entity under Firstsource Group USA Inc., was officially incorporated on 7th March 2025. As it stands, the new entity has an authorised capital of 4,500,000 shares but has not yet commenced business operations, and therefore, its turnover is currently nil.
The establishment of this subsidiary is a related party transaction, as it falls within the network of Firstsource's existing subsidiaries. The incorporation process did not require any governmental or regulatory approvals, and the initial capital contribution was made at face value, with Firstsource Solutions Limited holding 100% of the shares. This move underscores the company's commitment to broadening its footprint in the BPO industry, particularly in emerging markets like Colombia.
About the Company
Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company, is a specialized global business process services partner, providing transformational solutions and services spanning the customer lifecycle across Healthcare, Banking & Financial Services, Communications, Media & Technology and other diverse industries. With an established presence in the US, the UK, India, Mexico, Australia, South Africa and the Philippines, we make it happen for our clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data and analytics.
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The company has a market cap of over Rs 20,000 crore and has been maintaining a healthy dividend payout of 46.8 per cent. The stock is up by 75 per cent from its 52-week low of Rs 176.70 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.