KG Information Systems Private Limited (KGiSL) has recently announced that the board of directors has approved the demerger of their Global Software Services (GSS) and Business Support Services (BSS) divisions into 2 different independent entities so that they could unlock their true potential and pursue their aggressive growth plans.
“The organization has been growing multi-fold over the years and with the current business prospects emerging post the pandemic era, it becomes important that both the Software and Business Support businesses will require greater focus. I am confident that this demerger will empower both the entities to actively pursue their growth strategies independently and unlock their true potential. We continue to stay committed to both the businesses and long-term value creation” said Ashok Bakthavathsalam, Managing Director of KGISL.
The demerger is in the process of being done following the process and framework set by the National Company Law Tribunal (NCLT). Post the demerger, KGiSL Technologies will use the brand “KGiSL”, while KG Invicta will create a new identity for itself.
Pursuant to the demerger, KGISL Technologies Private Limited will accelerate its drive to innovation and its quest to become the Most Admired Software Company in the World offering Software products focused on creating next Generation Customer Experience (CX) for its clients’ customers.
KG Invicta Services Private Limited has a diversified clientele across a wide range of industries including healthcare, insurance, mortgage, finance, automotive, telco, cable, internet, utility, e-commerce and more, to global Fortune 500 corporations. The company has delivery centers globally and employs 2000+ professionals.