Business process outsourcing firm, Genpact Limited has acquired a technology platform provider for the rural banking sector in India Atyati Technologies for an undisclosed sum. The acquisition will help Genpact with last mile functionality that allows Indian banks to serve the millions of people who reside in rural areas. This supports the financial inclusion plans of the government of India, the company said in a statement. “Rural India remains an untapped market for banking and financial institutions with opportunities for providers in the banking, insurance and mutual fund sectors.” Atyati’s clients include several of the large Indian public sector banks. Tiger Tyagarajan, president and CEO, Genpact said, “Emerging markets such as India and China are becoming an increasingly important part of our global strategy and we are excited to support these large and critical initiatives of the Indian government and financial sector.”
Backed by one of the biggest deals by government in the PC space, ELCOT by the Tamil Nadu government, Lenovo has clinched the top spot in the India PC market with a 15.8% market share in first quarter of the calendar year 2012 according to a report released by IDC India. Dell secured the second spot with 15% share, followed very closely by HP with a 14.9% share.
The overall shipments in the Indian PC market during the period also stood at 2.63 million units, registering a sequential gain of 7.7% over the previous quarter while the year-on-year growth was noted to be at 3.5%. Kiran Kumar, senior analyst at IDC said, “The growth in PC volumes are reflective of the rise in consumption levels and investment activity for PCs in the recent past. A spurt in commercial spending was backed by a revival in consumer sentiment towards March”.
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