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Capgemini Buys 51 Percent Stake in HLL's BPO Unit

Hindustan Lever Limited (HLL) has announced that it has reached an agreement with Capgemini SA. to take a 51% stake in Unilever India Shared Services Limited (Indigo). Indigo is currently a fully owned subsidiary of HLL, providing BPO services to a number of Unilever companies, including HLL. Terms of the agreement were not disclosed and the transaction is to be completed in October 2006.

Mr D Sundaram, Finance Director of HLL and Chairman of Indigo said, “the partnership with Capgemini brings global shared services skills and technology to HLL and Unilever. It also enables leveraging the current Indigo expertise and capabilities and represents an exciting opportunity for Indigo employees to extend the business outside of the Unilever Group”.

“This acquisition reaffirms Capgemini’s commitment to increasing its presence worldwide, in particular in India, and strengthening its position in BPO F&A services. We will greatly benefit from the expertise of the Indigo team, consolidating our capabilities to serve a wide range of clients,” said Hubert Giraud – Chief Executive Officer, BPO Capgemini.


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