Firstsource to strengthen its commitment to the UK through North of England investment

Firstsource Solutions Limited (NSE: FSL, BSE:532809), a global provider of Business Process Management (BPM) services and a RP-Sanjiv Goenka Group company will expand its presence and strengthen its commitment to Middlesbrough from later this year.

The firm will take three floors of the striking One Centre Square Building. This new building is Grade A office space and one of the region's most ambitious regeneration projects.

The 10-year deal expands Firstsource's capacity in Middlesbrough, and the company expects to create over 100 new jobs in coming months.

Dr. Sanjiv Goenka, Chairman, RPSG Group and Firstsource Solutions, said: "The UK is a strategic market for us. Our centre in Middlesbrough is a centre of excellence particularly for serving financial services sector clients, and we are pleased to move to bigger premises."

The new centre was announced as part of Minister for Investment Gerry Grimstone's virtual tour to India.

Minister for Investment Gerry Grimstone said: "The UK and India have a strong investment relationship, with UK and Indian investments supporting over half a million jobs in each other's economies.

"Firstsource's commitment to expand in the North East will bring further jobs and economic prosperity to the region and contribute to growing the UK-India relationship. I look forward to seeing the firm's continued success in the UK."

Shares of FIRSTSOURCE SOLUTIONS LTD. was last trading in BSE at Rs.74.2 as compared to the previous close of Rs. 73.7. The total number of shares traded during the day was 124382 in over 663 trades.

The stock hit an intraday high of Rs. 74.9 and intraday low of 73.2. The net turnover during the day was Rs. 9206939.

Source : Equity Bulls

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