Loyalty pays: 400 Intelenet employees strike it rich again with Serco deal
Wednesday, 1st June 2011
The �385 million ($635 million) Serco-Intelenet deal will value the 16.5 per cent stake held by the management and promoters at $105 mn (Rs 470 crore). This money will be distributed among close to 400 employees, including the 10-15 top management executives. In 2007, when Blackstone acquired Intelenet in a management buyout for $200 mn, the amount was again shared among the 400 employees.
The management team of Intelenet headed by Susir Kumar have managed to stay with the company, despite the fact that the company has been sold three times. This includes its latest buyer, Serco. According to company officials, the majority of these 400 employees have continued with Intelenet since its inception.
Publication : Business Standard
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