Growth
Top Stories

AEGIS EXPANDS IN SRI LANKA

Published by Gbaf News

Posted on April 30, 2014

3 min read

· Last updated: May 5, 2020

Add as preferred source on Google
  • Launches a 600-seat facility
  • About 1000 direct and 1500 indirect jobs to be generated

Aegis Limited, a global outsourcing and technology services company officially inaugurated its newest center in the heart of Colombo, Sri Lanka. This experience center was inaugurated by Dr. Lakshman Jayaweera, Chairman & Director General, Board of Investment of Sri Lanka in the presence of Aegis senior management and officials.

Dr. Lakshman Jayaweera, Chairman & Director General, Board of Investment of Sri Lanka declaring open the new Aegis facility. Mr. Sandip Sen, Global CEO – Aegis Limited and Mr. Sudhir Agarwal, President, Global M&A and Strategic Initiatives – Aegis Limited are also in the picture.

Aegis Sri Lanka will be a modern and world-class facility, replete with state-of-the-art technology, customer experience tools and global quality best practices for providing multi –channel Customer Lifecycle Management solutions. The center will have an initial capacity of 600 seats, which translates into 1000 direct white collared jobs and is expected to additionally generate two to three times indirect employment.

Sandip Sen, Global CEO, Aegis Limited said “Aegis has been a pioneer in identifying its global delivery footprint, and that led us to expand our presence in Sri Lanka.  Aegis Sri Lanka reinforces the strategy of providing our customers the opportunity to tap a skilled talent market that is more aligned to their end user experience and life time value”.

Aegis’ new 5 storied facilities will provide a holistic Business Process Management and technology solution to the domestic Sri Lankan market across Telecom, BFSI, Retail, Consumer, Hospitality and technology. Depending upon the business requirements, it would also cater to the off shore markets for the high end back office process management.

The company entered Sri Lanka in 2009 with acquisition of 80% shares of Ismart – Timex Pvt Ltd, which over the years has grown to over 350 professionals serving leading enterprises across Sri Lanka.  This expansion marks Sri Lanka as a favorable market for ITES / BPM services. Aegis is playing a pioneer role in driving this growth by investing in talented youth of Colombo.

Sudhir Agarwal, President Global M&A and Strategic Initiatives said “Aegis has been steadily expanding its footprint in the Indian BPM market and the launch of this facility in Sri Lanka strengthens our footprint in South Asia. The stability of economy, strong economic growth, government support and skilled labor force will enable Sri Lanka to carve out a niche in the global outsourcing landscape”

Mr. Sudhir Agarwal, President, Global M&A and Strategic Initiatives – Aegis Limited addressing the gathering

Aegis currently employs over 350 BPM professionals in Sri Lanka. The company has plans of setting up more centers in Tier II and III towns of Northern and Southern Sri Lanka and is currently in discussion with several state government and local bodies.

Key Takeaways

  • Aegis inaugurated a new 600‑seat Customer Lifecycle Management facility in Colombo.
  • The center is expected to create around 1,000 direct jobs and up to 1,500 indirect jobs.
  • It serves domestic sectors (Telecom, BFSI, Retail, Hospitality) and offshore back‑office markets.
  • Aegis entered Sri Lanka in 2009 via acquiring 80% of Ismart‑Timex and currently employs over 350 professionals there.
  • The company plans further expansion into Tier II and III towns across Sri Lanka.

References

Frequently Asked Questions

When did Aegis open this facility?
The new center was officially launched on April 29, 2014.
How many jobs will the facility generate?
It will generate about 1,000 direct white‑collar jobs and an estimated 1,500 indirect jobs.
Which sectors will the center serve?
It will serve Telecom, Banking & Financial Services, Retail, Consumer, Hospitality, and technology sectors, including offshore back‑office services.
What was Aegis’s entry into Sri Lanka?
Aegis entered Sri Lanka in 2009 by acquiring an 80% stake in Ismart‑Timex Pvt Ltd.
Are there plans for further expansion in Sri Lanka?
Yes, Aegis plans to establish more centers in Tier II and III towns in northern and southern Sri Lanka.

Tags

Related Articles

More from Top Stories

Explore more articles in the Top Stories category