Latest news with #SanjivGoenka
Business Standard
2 days ago
- Business
- Business Standard
Firstsource Solutions gains after Q1 PAT rises 25% YoY to Rs 169 cr in FY26
Firstsource Solutions advanced 1.32% to Rs 334.95 after the company's consolidated net profit rose 25.2% to Rs 169.33 crore on a 24.5% jump in revenue from operations to Rs 2,220.93 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) rose 27.48% YoY to Rs 213.23 crore in Q1 FY26. Total expense jumped 23.72% year on year to Rs 2,011.25 crore during the quarter. Employee benefits expense was at Rs 1,320.70 crore (up 17.21% YoY), while other expenses stood at Rs 549.86 crore (up 39.41% YoY) during the period under review. EBITDA stood at Rs 347.1 crore in Q1 FY26, registering growth of 28.6% as compared with Rs 269.9 crore in Q1 FY25. EBITDA margin improved to 15.7% in Q1 FY26 as against 15.1% in Q1 FY25. In dollar terms, the revenue stood at $259 million, registering a growth of 20.7% YoY. On constant currency terms, revenue was at 1.6% QoQ and 19.2% YoY. The companys employee strength stood at 34,495 at the end of Q1 FY26. Offshore and nearshore hires accounted for 80% of gross additions. The attrition rate declined further to 28.9%, marking a 13 percentage point improvement over the past eight quarters. Looking ahead, the company now expects revenue to grow between 13% and 15% in FY26, in constant currency termsslightly raising the lower end of its earlier forecast of 12% to 15%. This estimate doesnt factor in any potential boost from Pastdue Credit Solutions, as that deal is still awaiting regulatory approval. The company also continues to target an EBIT margin of 11.25% to 12% for the full year. Sanjiv Goenka, chairman of RPSG Group and Firstsource Solutions, said, Weve begun FY26 on a positive note, building on the momentum of a breakthrough FY25. The consistent cadence of large, high-quality deal wins quarter after quarter underscores our ability to deliver impact at scalepowered by AI, deep domain expertise, and agile operations. Our differentiated UnBPO approach, coupled with a focus on nonlinear, multi-tower engagements, continues to fuel sustainable growth, even in a volatile macro environment. With AI now embedded at the heart of our delivery through the Firstsource relAI suite and Agentic AI Studio, I am confident that our people, platforms, and partnerships will continue to power meaningful outcomes for our clients and stakeholders. Firstsource Solutions is a global provider of business process management (BPM) services and an RP-Sanjiv Goenka Group company.
News18
7 days ago
- Sport
- News18
LSG Sign Deal To Buy 70 Per Cent Stake In Manchester Originals On Hariyali Amavasya
Curated By : Last Updated: July 25, 2025, 12:21 IST Sanjiv Goenka owns LSG. (BCCI Photo) Lucknow Super Giants have reportedly signed on the dotted line to acquire 70 per cent stake in The Hundred franchise Manchester Original. LSG, an IPL franchise, is owned by the chairman of RPSG Sanjiv Goenka. The contracts were signed on Thursday morning with the deal reportedly finalised earlier this week. According to a report in The Observer , LSG had requested the signing to be done on July 24 as it marks the beginning of a two-day religious festival known as Haryali Amavasya . LSG's owner wanted to time the beginning of their ownership of Manchester Originals to coincide with the auspicious festival. Manchester Originals To Be Renamed LSG, who also own Durban Super Giants in the SA20, will rename their Hundred franchise to Manchester Super Giants from next year. RPSG placed the highest bid to buy Originals in February this year with reports claiming the group values the team in excess of £100m. Swipe Left For Next Video View all Shashwat Goenka, the RPSG vice-president, had said they hope to challenge the popularity of Manchester United and Manchester City 'We are not football, we are cricket," Shashwat had said. 'We want the Manchester franchise in the Hundred to become the third biggest sports team in Manchester and challenge those two sports teams in Manchester." Feroz Khan Feroz Khan has been covering sports for over 12 years now and is currently working with Network18 as Principal Correspondent. He embarked on his journey in 2011 and has since acquired vast experience in digital... Read More Feroz Khan has been covering sports for over 12 years now and is currently working with Network18 as Principal Correspondent. He embarked on his journey in 2011 and has since acquired vast experience in digital... Read More view comments News cricket LSG Sign Deal To Buy 70 Per Cent Stake In Manchester Originals On Hariyali Amavasya Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India.com
24-07-2025
- Business
- India.com
Good news for Nita Ambani, star player from Sanjiv Goenka's LSG will...
In these collection of pictures, we find out all about the good news for Mumbai Indians owner Nita Ambani linked to a star player from Sanjiv Goenka's team. Nita Ambani is owner of MI Cape Town team in the SA20 league in South Africa. She also owns the Mumbai Indians team in IPL. Image credit: X (Formerly Twitter) Sanjiv Goenka owns the Durban Super Gianst team in SA20 league and Lucknow Super Giants in the IPL. Nicholas Pooran was retained for Rs 21 crore by Sanjiv Goenka's LSG ahead of IPL 2025 mega auction. Nicholas Pooran will play for Nita Ambani's MI Cape Town team now. He already plays for MI New York in MLC league. Pooran played for Durban Super Giants in SA20 2023-24 season. Rashid Khan will continue to play for MI Cape Town team in SA20. Rashid turns out for Gujarat Titans in IPL. Nita Ambani's MI Cape Town have also signed up Trent Boult for SA20 2025-26 season. Mumbai Indians bought Boult for Rs 12.5 crore in the IPL 2025 mega auction last year. SA players Ryan Rickleton, George Linde, Kagiso Rabada and Corbin Bosch will also play for Nita Ambani's MI Cape Town in the SA20 league this year. Image credit: X (Formerly Twitter) MI Cape Town are the defending champions in SA20 league. They had beaten Kavya Maran's Sunrisers Eastern Cape in the SA20 final last season.
Scotsman
22-07-2025
- Business
- Scotsman
Firstsource to acquire Scottish-headquartered Pastdue Credit Solutions
Firstsource Solutions Limited, a leading global provider of specialist domain-led Business Process Services (BPS), has announced that it has signed an agreement to acquire Pastdue Credit Solutions, a prominent UK-headquartered debt-collection business serving many of the UK's market leading companies, including banks, utility firms, telecoms companies, and government bodies. Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The acquisition is subject to Financial Conduct Authority (FCA) approval. Dr. Sanjiv Goenka, Chairman of RPSG Group and Firstsource, said, 'We are excited by the opportunity this acquisition could bring. Pastdue Credit Solutions' deep expertise in first- and third-party collections, particularly across utilities, financial services, and the public sector, strengthens our capabilities in a space that is both critical and growing. Advertisement Hide Ad Advertisement Hide Ad "Just as importantly, this move underscores our long-standing commitment to UK employment. We continue to believe that investing in local talent and infrastructure is integral to building a long-term sustainable business. Dr. Sanjiv Goenka - Chairman of RPSG Group and Firstsource. 'This acquisition aligns with our long-term strategy to build a differentiated collections business with strong sectoral depth and local delivery capabilities across the UK. "We're confident in the cultural and operational fit, and we look forward to welcoming the Pastdue Credit Solutions team as we scale this platform together—with resilience, relevance, and responsibility.' The acquisition comes at a pivotal time for the UK collections market. With rising consumer debt, a growing role for private agencies in public sector collections, and over £1.9 billion in market opportunity, the demand for responsible, tech-enabled solutions has never been greater. Advertisement Hide Ad Advertisement Hide Ad By combining its digital-first, AI-driven capabilities with local expertise, Firstsource is strongly positioned to scale with purpose - delivering greater value to clients, supporting public priorities, and expanding its footprint in a market poised for long-term growth. Phil Grant, Chairman of Pastdue Credit Solutions,said, 'We are proud to be joining the Firstsource family. This partnership has the potential to enable a new and exciting chapter for our people, our valued clients, and our future. "With Firstsource's global reach, deep domain expertise, and strong culture of innovation, coupled with its long-established credentials in debt collection, this move will pave the way for us to scale our impact, strengthen our services, broaden our offering and unlock new opportunities together.'
United News of India
18-07-2025
- Business
- United News of India
Firstsource to acquire UK's Pastdue Credit Solutions
Bengaluru, July 18, 2025 (UNI) Firstsource Solutions Limited, a leading provider of specialist domain-led Business Process Services and part of the RP-Sanjiv Goenka Group, today announced the signing of a definitive agreement to acquire Pastdue Credit Solutions, a prominent UK-based debt collection firm. The deal, subject to regulatory approval from the UK's Financial Conduct Authority (FCA), marks a strategic expansion for Firstsource in the growing UK collections market. RP-Sanjiv Goenka Group Chairman Sanjiv Goenka stated, "Pastdue Credit Solutions' deep expertise in first and third-party collections across sectors like utilities, financial services, and the public sector strengthens our capabilities in a critical and expanding market. This acquisition reflects our continued commitment to investing in UK talent and infrastructure." He emphasised that the acquisition aligns with Firstsource's long-term strategy to build a differentiated collections business with strong local delivery and sectoral depth. Pastdue Credit Solutions serves several market-leading UK institutions, including major banks, utilities, telecoms providers, and government entities. The UK collections industry, valued at over £1.9 billion, is experiencing surging demand for responsible and technology-enabled solutions amidst rising consumer debt and a growing reliance on private agencies in public sector collections. Commenting on the development, Phil Grant, Chairman of Pastdue Credit Solutions, said, 'We are proud to join Firstsource. Their global scale, digital-first capabilities, and strong culture of innovation offer immense potential to scale our impact and enhance our services.' Firstsource recently ranked third among Indian employers in the UK in the India Meets Britain Tracker 2025 by Grant Thornton, underscoring its ongoing investment and workforce commitment in the region. The transaction is expected to close following FCA approval. UNI BDN BM
