The Times of India has reported that BPO company Genpact is considering the acquisition of Syntel, the leading IT outsourcing, IT consultancy and BPO firm.

According to the Indian daily newspaper, Genpact and its principal shareholder Bain Capital have been considering the acquisition of Syntel for several months, with preliminary discussions already taking place.

According to CRN, the deal would theoretically add $911 million to Genpact’s $2.27 billion in annual sales. The news site has also reported that Genpact was in contention to acquire North American solutions provider IGATE, before being ultimately outbid by Capgemini.

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