India's largest back-office service provider Genpact is looking to fast track its expansion plans through acquisitions and high on the radar are companies that will help strengthen its healthcare and IT capabilities.
"We are interested in expanding in Latin America as it is a great market. We are also eyeing Chinese market, but buying into China is terribly expensive," said Pramod Bhasin, President and CEO of Genpact.
With a $400 million cash kitty and debt that's narrowed to $100 million, Genpact is looking to fill the gaps in its finance and accounting vertical along with strengthening the analytics and healthcare capabilities via overseas acquisition.
On the back of a still difficult environment and competitive pricing, Genpact says it is very conscious of the price it pays vis-a-vis the expertise this new buy adds.