A focussed knowledge process outsourcing (KPO) company having two verticals- financial services and sales & marketing services, this rapidly growing company has managed high margins and it shows in its debt-free balance sheet with a cash balance of `121 crore as on September 2011. FIIs and mutual funds fancy this stock. FIIs hold 23.5 per cent while mutual funds little over 10 per cent in the company as on December 31, 2011. However, the key concern is its high client concentration: top five clients contribute 87 per cent of its revenues.
This article was originally published on May 03, 2012.