Bain buys India, US-based IT solutions player Brillio

It follows the close last month of Bain’s fourth Asia fund with total commitments of $4 billion and a remit to invest in a range of $100-400 million. The private equity firm will maintain the company’s existing management team, including CEO Raj Mamodia.

“Over the last few years, we have built a close relationship with Raj and his team as they have built Brillio into a disruptive business by creating an agile, digital-first team of professionals who provide a best-in-class delivery engine that delivers real-time impact for customers,” Pavninder Singh, a managing director at Bain, said in a statement.

Founded in 2014, Brillio offers technology advisory services, including digital upgrade consulting, in areas such as big data analytics, security, cloud, mobile, and artificial intelligence. Clients include businesses across the banking and finance, consumer packaged goods, retail, and media sectors. The company also maintains bases in the UK and Canada.

Bain is expected to support scaling through scale through both complementary acquisitions and organic growth measures that focus on the company’s existing client engagement models. It will also work on developing industry-specific capabilities in areas such as design, blockchain, and natural language processing with a view to helping Brillio achieve annual revenues of $500 million with five years.

The private equity firm and has invested $8.3 billion in Asia across more than 45 investments to date. Current exposure to India's IT outsourcing industry includes Genpact and Quest Global. 

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• South Asia
• Support services
• Technology
• Buyouts
• India
• USA
• Bain Capital Asia
• professional services
• artificial intelligence