There’s been little update regarding the potential merger between Genpact and Syntel since late May, when rumours in the news first started circulating.

Speculation was sparked by Genpact’s principal shareholder Bain Capital evaluating the acquisition of Syntel, shortly after Genpact lost out to Capgemini in the acquisition of IGATE.

Many think that the purchase of Syntel would be an excellent strategic move for Genpact. Everest Group CEO Peter Bendor-Samuel commented: "Genpact needs to add an IT capability if they are going to successfully play in the transformation market place.

“[IT Services firm] Headstrong is not big enough or diverse enough to do the trick. It appears that Genpact finished second in the IGATE sweepstakes.

“With Bain Capital owning a large stake and being on their board, they are being pushed to be aggressive in growth, both organic and inorganic. An IT firm such as Syntel would be accretive to earnings as well as position them well in the changing market place.”

As of yet, no spokesperson from Genpact, Syntel or Bain Capital has chosen to comment on the market speculation.

Watch this space for further news regarding this story.

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Related: Genpact Takes Steps to Acquire Syntel