Sanjiv Goenka led Firstsource Solutions set to turn debt-free
Firstsource Solutions, the outsourcing major, since its takeover by Sanjiv Goenka, has brought down its debt level by over 87% in the last quarter of the previous financial year and would pay off all its debt by the end of the third quarter of this fiscal
Sanjiv Goenka had acquired the loss-making FirstSource for Rs 640 crore in 2012 when the BPO firm had a debt burden of $215 million and was about to default on its loans. Image source: dnaindia.com