Lumis Partners, a Delhi-based private equity fund, has picked up a majority stake in BPO firm BNK eSolutions for an undisclosed amount. Sandeep Sinha, managing partner of Lumis Partners, has confirmed this development to VCCircle. The stake has been acquired from the BPO's parent company BNK Capital Markets, a Kolkata-based brokerage. Besides the stake buy, Lumis has also invested an additional amount in the firm for its growth and expansion.
"BNK eSolutions is a very specialised high end BPO firm in areas like IT and healthcare after market services," said Sinha. BNK eSolutions is now looking to expand the its footprint, especially in the US. Also with the deal closed, Lumis is looking for acquisitions for BNK eSolutions for inorganic growth, said Sinha. BNK eSolutions currently has three facilities with nearly a 1,000 employees. Its paid up equity capital of stands at Rs 6.63 crore, according to Economic Times. The BPO is also planning at opening more delivery centers in India, even outside Kolkata. Besides healthcare and IT, BNK eSolutions also has a presence in verticals like education and supply chain management.
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