Sutherland Global is in not in a hurry to go public even as it is on its way to clock revenues of around $1 billion in the next couple of years, said its Chairman and CEO Dilip Vellodi.

With the acquisition of Apollo Health Street for around Rs 1,000 crore ($200 million), the US-based Sutherland, which has a strong offshore presence in India, is likely to report revenues of around $900 million next year.

“We are still a private company, and there is no hurry for us to go public. It is not on our agenda now,” he said over telephone from the company’s headquarters in Rochester, US.

When asked if private equity investors, including Oak Investment Partners and Standard Chartered Private Equity (Merlion Fund), require an exit route, Vellodi said such an option was not discussed at present.

Growth strategy

Vellodi said that acquisition was always part of the company’s growth strategy, and not necessarily an alternative for growth. “We always do an acquisition for strategic reasons. It is important for us to scale up at a faster pace,” he said.

The last acquisition that Sutherland did was in May 2010 when it acquired 100 per cent of Adventity Global Services in an all-cash deal.

Adventity then had over 2,500 employees and operations in New York, Houston, Mumbai, Chennai and Dubai. It was a provider of business and financial research and analytical services focussing on providing analytics to banks and financial services companies and the airline and travel Industry.

>raja.simhan@thehinduco.in

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