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Empowering Outsourcing SourcePilani Acquired by Harnessing Value of Rural India HarVa

on 27th June 2011
Gurgaon based rural start up HarVa with an integrated model combining skill development, Rural BPOs, community farming and microfinance announced its acquisition of leading rural BPO provider SourcePilani for an undisclosed amount in cash and stock.

SourcePilani is a for-profit village based business process outsourcing company that leverages low cost rural talent and inexpensive infrastructure to provide BPO services to companies at an unmatched price. Setup in 2007, SourcePilani has grown to a 55-seater unit and has built strong service capabilities in niche BPO verticals such as medical transcription, social media monitoring and regional language voice services.

SourcePilani operates out of Rajasthan, and has an impressive list of clients like Microsoft, NetCustomer, Hilbroy Advisors, and the Rajasthan Government.

With this acquisition, HarVa, which already has its presence in Haryana, Uttrakhand and UP will expand its footprint in Rajasthan as well. The company will retain SourcePilani’s legacy along with its brand name, clients and business.

Established in 2007, SourcePilani is one of India's pioneering BPOs, which has been acclaimed at national and international levels for demonstrating the possibility of forging mutually beneficial linkages between corporate and rural India. Ajay Chaturvedi, Founder and Chairman of HarVa, said, “SourcePilani’s established track record, and ability in servicing higher skill sets for clients will be leveraged by HarVa. It also complements HarVa's current abilities.” Chaturvedi added that SourcePilani founder Manoj Vasudevan will continue onboard as an alumnus, mentor and advisor.

“We have been discussing this for some time now. Given that both Ajay and I are alums of BITS Pilani, we share a common passion and link to our alma mater. SourcePilani is close to a lot of BITSians’ hearts. Some have worked with it, some advised while some have just been a part of growth from the beginning. HarVa has a comprehensive business model and a larger vision. We will preserve the SourcePilani legacy and everything will continue the way it has been,” said Manoj Vasudevan, Founder & CEO, SourcePilani.

Their immediate short term plan is to expand to 3 more states and add 2500 seats.

For more details about HarVa see www.harva.co.in/ and SourcePilani see sourcepilani.com/

HarVa is a unique and first of its kind Rural Enterprise that focuses on creating value in non or low agricultural areas where none or little existed. Founded in 2009, HarVa is well poised for growth in the near future. For more details about HarVa see www.harva.co.in/

1213 Galleria Commercial Complex,

DLF Phase IV,

Gurgaon - 122002, Haryana, India
Contact No. +919560302200
EMail: info@harva.co.in
Website: www.harva.co.in/

SourcePilani is one of the finalists for the Sankalp 2010 awards-Tech for development sector(Emerging Enterprise Category).

on 26th April 2010

SourcePilani has been selected as one of the finalists for the Sankalp 2010 awards-Tech for development sector(Emerging Enterprise Category).

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SourcePilani launches its new site

on 7th March 2010
SourcePilani launches its new site

CEO of SourcePilani enters the finals of BW Young Enterprenuer Awards 2010

on 25th February 2010
Manoj Vasudevan, CEO of SourcePilani enters the finals of Business Week Asia Pacific Young Enterprenuer Awards 2010
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SourcePilani featured in Knowledge @ Wharton: It Takes a Village: The Rise of Rural BPO

on 13th February 2010
SourcePilani featured prominently in an article on the rise of the rural BPO in the India Knowledge@Wharton resources at the Wharton Business School, University of Pennsylvania, USA
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