Thursday, January 18, 2007

Rakesh Jhunjhunwala picks up stake in Inventurus

MUMBAI: Rakesh Jhunjhunwala has picked up a stake in the Mumbai-based Inventurus Knowledge Solutions for $5.5 million. Inventurus is a start-up BPO company, focusing on healthcare and legal process outsourcing.

The company was founded by Nitin Gupta, Sachin Gupta and Joe Benardello. Jeffrey P Freimark, EVP and CFO of Intelsat has joined the company as non-executive chairman. Jeffrey Freimark says, “Both Nitin and Sachin have worked for me in outsourcing contract and they did a good job of managing it. Now, that they are venturing out on their own, I have decided to help them.”

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