?We are looking for acquisition across geographies. The size of acquisition could be the same as our last acquisition (Minacs for $125 million) or more,? Dev Bhattacharya, group executive president, IT and BPO business, told Business Standard.



The company, if needed, would look at liquidating a part of the equity stake for raising funds for capital expansion as well as acquisitions. A slew of private equity funds has already knocked the door of the company and no decision has been taken yet, said Bhattacharya.

The KPO business of Aditya Birla Minacs, with a single banking client currently, is a fairly new venture. It will focus on verticals like retail, telecom and BFSI. The operations are currently headquartered in Bangalore and have a team of 50 people.

The recent sub-prime mortgage crisis in the US and the dollar volatility did hit the company a bit harder than its counterparts. ?Overall, we had a hit of $30-40 million. The reason being the Canadian dollar's appreciation over the US dollar was almost 23 per cent and in India, the currency appreciated by almost 10 per cent,? added Bhattacharya.