ICRA places iGATE under rating watch with negative implication

Besides potential integration challenges with PCSL, eventual funding mix between debt and equity would be critical to the credit profile of the company. ICRA will take appropriate action as and when further details are available, it said.

iGSL, the flagship company of the US based iGATE Corporation is a mid-sized IT/ITes and BPO service provider. It offers services including application development and maintenance, package implementation, infrastructure management services, technology consulting and BPO services.

The company's service offerings span across banking, financial services and insurance (BFSI), manufacturing, media and healthcare verticals with a focus on the BFSI vertical.
The company was voluntarily delisted from the Indian stock exchanges in February 2008 and currently the entire shareholding of the company is directly or indirectly held by the holding company iGATE Corp.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry