Blue Star Infotech Ltd Overview

Blue Star Infotech Ltd is a leading IT services company that has been in operation since 1991. It was founded by B Thiagarajan and is headquartered in Chennai, India.

The company has a strong presence in the IT industry with a wide range of services including software development, testing, and quality assurance.

Blue Star Infotech Ltd has a diverse client base across various industries such as BFSI, retail, and manufacturing.

The company's success can be attributed to its strong focus on quality and customer satisfaction, which has earned it numerous certifications and recognitions.

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The acquisition of Blue Star Infotech's IT operations by Infogain Corporation is a significant development in the IT industry. Infogain Corporation, a global business and IT consulting leader, has acquired Blue Star Infotech's IT operations for Rs 180.8 crore ($27 million).

This acquisition will expand Infogain's digital transformation offering and add specialized capabilities in the travel/hospitality, high-tech, and healthcare verticals. The combined entity will have revenue of over $150 million, close to 4,000 employees, and eight delivery locations globally.

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Sunil Bhatia, the CEO and Managing Director of Blue Star Infotech, will join Infogain's management team as its CEO designate and will assume responsibilities as CEO of the combined entity on July 1, 2016. Kapil Nanda, the President and CEO of Infogain, will transition to his role as full-time Executive Chairman.

Infogain's acquisition of Blue Star Infotech's IT operations is a strategic move that will strengthen its position in the industry. This acquisition is expected to close towards the end of 2015, subject to shareholder and regulatory approvals and other customary closing conditions.

The combined entity will have a strong presence in the US, Europe, and the Middle East, Asia Pacific, and Indian markets. This acquisition will align BSIL's IT business with a larger peer, thereby strengthening its position in the industry.

Avendus Capital is the financial advisor and Talwar Thakore & Associates is the legal counsel to Blue Star Infotech. Wilson, Sonsini, Goodrich & Rosati is the legal counsel to Infogain.

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Blue Star Infotech is a leading IT consulting and services company that has been in operation since 1991. It was founded by the late Mr. K. P. Balaraj, a visionary entrepreneur.

The company is headquartered in Mumbai, India, and has a strong presence in the global market. Its services include IT consulting, application development, and infrastructure management.

Blue Star Infotech has a diverse client base, with over 150 clients across various industries. It has a strong focus on delivering high-quality services and has implemented several quality management systems.

The company has received several awards and recognitions for its outstanding performance and contributions to the IT industry. It has been ranked among the top IT companies in India by various publications and research firms.

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Blue Star Infotech is expected to continue its growth trajectory, with a projected revenue increase of 15% in the next fiscal year. This growth is largely driven by the company's expanding client base and increasing demand for its IT services.

The company's diversification into new markets, such as the Middle East and Africa, is also expected to contribute to its growth. With a strong presence in these regions, Blue Star Infotech is well-positioned to capitalize on emerging opportunities.

The Indian IT industry is expected to grow at a CAGR of 8-10% over the next five years, driven by increasing demand for digital transformation services. This growth is expected to benefit Blue Star Infotech, which has a strong track record of delivering high-quality IT services to its clients.

Blue Star Infotech's focus on innovation and R&D is also expected to pay off, with the company investing heavily in emerging technologies such as AI and blockchain. This strategic focus is expected to enable the company to stay ahead of the competition and capitalize on new opportunities.

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