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Moumita Bakshi Chatterjee

New Delhi, Sept. 30

BPO firm Salient Business Solutions, a joint venture between the Thapar Group and Option Care Enterprises, has said that it is in discussions with several large mortgage companies in the US for outsourcing contracts based on Build Operate Transfer (BOT) model.

“Due to the sub-prime crisis in the US, medium to large firms are looking at outsourcing as means to bring down cost and improve their bottomlines. We are talking to at least half-a-dozen companies for contracts based on BOT model,” Mr Manoj Malhotra, CEO of Salient Business Solutions, said.

He said the discussions focused on end-to-end mortgage processes ranging from origination to closing.

The company is a business process solution provider in verticals and horizontal streams such as finance and accounts, healthcare, financial services, human resource, and knowledge process outsourcing.

The company, which employs 500 professionals (primarily BPO, but also in IT services) at its centre in Gurgaon, said it was also looking at setting up a presence in Europe.

“Acquisition is one option before us to gain a foothold in Europe. In addition, we are also considering locations such as Egypt and Malaysia from a risk management and business continuity planning point of view,” he said, adding that in such locations the company would start with 50-100 employees on its rolls.

The company is also scouting for acquisitions in the healthcare and mortgage space in the US, which may provide it an opportunity to bundle or cross sell its offerings.

“For acquisition, we will look at innovative models,” he pointed out.

More Stories on : Outsourcing | Mortgage

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Salient talking to US mortgage cos

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