Capgemini to buy Indian accounting business

Consultants Capgemini will buy a 51% stake in finance & accounting
platform Unilever India Shared Services (Indigo) from Unilever’s Hindustan

At the same time, Capgemini and Unilever have entered into a seven-year
agreement to deliver the finance and accounting business process outsourcing
services to the Unilever companies which are current customers of Indigo.

Indigo currently provides financial shared services and Sarbanes Oxley
compliance services to the Unilever Group throughout the world.

The acquisition is expected to be completed in Oct 2006. rrent customers of


Indigo has operating centres in Bangalore and Chennai and employs nearly 600
staff, including about 75 Chartered Accountants, according to Reuters.

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