EXL
Encyclopedia
EXL Service is a provider of outsourcing and transformation services. EXL's services are structured around insurance, banking, financial services, utilities, transportation and travel industries. In 2007 it was ranked 10th among India's ITES-BPO (IT
enabled services - Business process outsourcing
) exporters.
, and Rohit managed international investments for clients at Deutsche Bank
.
In August 2001, Conseco
acquired EXL and operated as its wholly owned subsidiary. Later, in November 2002, Oak Hill Capital Partners and FTVentures along with some members of the senior management team bought EXL from Conseco making it a third party pure-play business process outsourcing service provider.
May 2011: EXL acquired OPI,one of the last standing pure-play Finance & Accounting Outsourcing (FAO) service providers.
May 2010: EXL acquired PDMA, Inc., the developer of LifePRO policy administration platform for life, health and annuity insurance.
March 2010: EXL acquired American Express’ Global Travel Service Center operations in Gurgaon, India.
July 2009: EXL acquired the back-office operations of Schneider Logistics, SRO. in Olomouc, Czech Republic.
June 2006: EXL acquired Inductis, a New Jersey based Consulting and Analytics firm.
. It has offices in New Jersey, Indianapolis, Fargo and Naples in the US; London in the UK; Noida, Gurgaon, Jaipur, and Pune in India; Metro Manila in the Philippines; Olomouc in the Czech Republic; Cluj-Napoca in Romania; and Singapore.
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
enabled services - Business process outsourcing
Business process outsourcing
Business process outsourcing is a subset of outsourcing that involves the contracting of the operations and responsibilities of specific business functions to a third-party service provider. Originally, this was associated with manufacturing firms, such as Coca Cola that outsourced large segments...
) exporters.
History
EXL was incorporated in April 1999 in Delaware, USA, by a group including Vikram Talwar and Rohit Kapoor. Vikram was then the Chief executive officer and Managing Director of Ernst & YoungErnst & Young
Ernst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....
, and Rohit managed international investments for clients at Deutsche Bank
Deutsche Bank
Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
.
In August 2001, Conseco
Conseco
Conseco , originally Security Life of Indiana, is a financial services organization based in Carmel, Indiana. Conseco's insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than 4 million customers in the United States...
acquired EXL and operated as its wholly owned subsidiary. Later, in November 2002, Oak Hill Capital Partners and FTVentures along with some members of the senior management team bought EXL from Conseco making it a third party pure-play business process outsourcing service provider.
Acquisition History
October 2011: EXL acquired Trumbull Services, LLC, a market leader in subrogation services for property and casualty insurers, from The Hartford Financial Services Group, Inc. (NYSE:HIG).May 2011: EXL acquired OPI,one of the last standing pure-play Finance & Accounting Outsourcing (FAO) service providers.
May 2010: EXL acquired PDMA, Inc., the developer of LifePRO policy administration platform for life, health and annuity insurance.
March 2010: EXL acquired American Express’ Global Travel Service Center operations in Gurgaon, India.
July 2009: EXL acquired the back-office operations of Schneider Logistics, SRO. in Olomouc, Czech Republic.
June 2006: EXL acquired Inductis, a New Jersey based Consulting and Analytics firm.
Locations
EXL is headquartered in New York CityNew York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
. It has offices in New Jersey, Indianapolis, Fargo and Naples in the US; London in the UK; Noida, Gurgaon, Jaipur, and Pune in India; Metro Manila in the Philippines; Olomouc in the Czech Republic; Cluj-Napoca in Romania; and Singapore.