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RT Outsourcing raises Rs 65 cr equity from NEA
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RT Outsourcing raises Rs 65 cr equity from NEA
RT Outsourcing Services, a provider of after-sales services, reverse logistics, and call centre operations, raised Rs 65 crore from US based global venture capital firm New Enterprise Associates (NEA) for its future growth.
With the investment coming in, RT will now plan to aggressively expand its presence in the automation business, high-end networking and storage systems. In addition, RT intends to enter new segments including defence, building management systems and integrated infrastructure management services.
“We have been growing rapidly over the last couple of years and with this investment we will be expanding our services lines and geographic spread through organic and inorganic means. This investment will help us continue our aggressive growth rate and expand into additional service line and offerings. Our customers have found a great value proposition in our integrated service model which has reduced their TCS (total cost of service),” said Shammi Moza, managing director, RT Outsourcing.
Ben Mathias, executive director, NEA, said, “RT presents a very exciting opportunity to participate in the India growth story. RT’s leadership position in the after sales service industry coupled with its market credibility creates a compelling value proposition”.
RT employs more than 3,500 people with a pan-India reach of over 200 plus locations. RT’s customers include MNCs from IT, Telecom, Electronic Security and Consumer Electronics industries. The company has also started new operations in Singapore to tap into South East Asia market. RT Outsourcing which has clients among the Fortune 500 OEM & ODMs in India has grown at a compounded annual growth rate (CAGR) of above 40 per cent for the last four years, said the company.
IDFC-SSKI group acted as the exclusive financial advisors to RT outsourcing on the transaction.
Source:
http://www.business-standard.com/india/news/rt-outsourcing-raises-rs-65-cr-equit
With the investment coming in, RT will now plan to aggressively expand its presence in the automation business, high-end networking and storage systems. In addition, RT intends to enter new segments including defence, building management systems and integrated infrastructure management services.
“We have been growing rapidly over the last couple of years and with this investment we will be expanding our services lines and geographic spread through organic and inorganic means. This investment will help us continue our aggressive growth rate and expand into additional service line and offerings. Our customers have found a great value proposition in our integrated service model which has reduced their TCS (total cost of service),” said Shammi Moza, managing director, RT Outsourcing.
Ben Mathias, executive director, NEA, said, “RT presents a very exciting opportunity to participate in the India growth story. RT’s leadership position in the after sales service industry coupled with its market credibility creates a compelling value proposition”.
RT employs more than 3,500 people with a pan-India reach of over 200 plus locations. RT’s customers include MNCs from IT, Telecom, Electronic Security and Consumer Electronics industries. The company has also started new operations in Singapore to tap into South East Asia market. RT Outsourcing which has clients among the Fortune 500 OEM & ODMs in India has grown at a compounded annual growth rate (CAGR) of above 40 per cent for the last four years, said the company.
IDFC-SSKI group acted as the exclusive financial advisors to RT outsourcing on the transaction.
Source:
http://www.business-standard.com/india/news/rt-outsourcing-raises-rs-65-cr-equit