A quarter-billion for EBS

Representatives of IL&FS Investment Managers Limited (IIML), the second-largest private equity fund manager in India, today announced that the firm has invested Rs 250 million (approximately US $5.44 million) in marketing services company EBS Worldwide Services.

IL&FS Investment Managers vice chairman / managing director Shahzaad Dalal spoke of the exponential growth India is undergoing (and will continue to for the foreseeable future), stating confidently that “the acquisition by EBS of the US-based Interactive Marketing Group Inc. will enable EBS to harvest a mature US market and ride the India growth wave”.

EBS was an early entrant into the marketing services BPO industry in India, and currently offers technology-based customer relationship management and direct marketing solutions in India and the United States. EBS boasted revenues of Rs 500 million (approximately US $10.88) in 2006 and employs just under two employees.