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.
Dealcurry: Capital Markets, Investment Banking, Private Equity 