Capgemini to buy Indian accounting business
Consulting group to buy 51% of finance and accounting Unilever 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.