New Delhi: Gautam Thapar has said that this is in line with his strategy of moving the Rs 7500 crore Thapar group away from pure manufacturing.
The BPO company is located in Gurgaon near Delhi.
It processes bills and receipts for Option Care of Rs 50 crore US companies that provides pharmaceutical care to patients at home via nurses.
Thapar has 70 per cent stake in the joint venture, which he says is not a opportunistic investment, but a rather durable one
Gautam Thapar, Chairman, Salient Busines Solutions says, ?I think I wear many hats: venture capital, private equity investor, long-term investor. Certainly if you look at the dynamics of business we have structured within India we are in it for the long-term and this is a long-term competitive business. If I were to take a view it would be a long-term view ?.
According to Vivian Fernandes, Editor, Economic Policy, ?Why is it you have not housed the business in one of the companies. Is it that you want to keep all the rewards yourself??
Gautam Thapar said, ?This is an interesting thing I have been looking at for the past 2 years because we need to move the group from pure manufacturing to other areas?.
With health costs rising in the US, the joint venture expects to grow on the back of its client and partner, Option Care's 20 per cent annual growth. And it intends to use the knowledge gained to provide back office services to other sectors as well.
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