eClerx acquires US analytics KPO firm Agilyst: eClerx Investments Ltd., the overseas subsidiary of Mumbai-based eClerx Services Ltd., has acquired 100% of Agilyst Inc., a closely held Philadelphia-based KPO company focused on the North American media Industry, for an undisclosed amount. Post deal, Agilyst’s management team will continue to manage day-to-day operations. The consideration for the acquisition will be all cash and includes a substantial earn out component based on Agilyst’s future performance. Agilyst was founded in 2007 and employs approximately 1,000 people, most of them in India. The company is expected to generate just under $10 million in revenues for FY12, and is profitable.
Refund is an integral part of Goods and Service Tax law since it is the government reimbursement of taxes to a taxpayer. Thus, the taxpayer as well as the refund authorities have to be fully acquai More
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