We want India to be a delivery center for companies in the US and Europe

TransTech, a special purpose acquisition corporation, was

formed with the objective of acquiring an operating business, and intends to

focus on leveraging cross-border opportunities in the business services sector.

The company has recently announced that it has raised $36 mn in a public

offering in the US. In an exclusive interaction Suresh Rajpal, chairman and CEO,

TransTech Partners, shared the companys plans to leverage Indias talent

pool to create a healthcare delivery center for companies abroad. Excerpts

What is the focus of the TransTech Service Partners?



We have found that with the globalization of services, the small and medium
companies in the US and European countries are facing challenges in aligning

businesses. We will be focusing on realigning the business models of these

companies to meet challenges. We will offer the services delivery expertise of

similar Indian companies to those small and medium companies abroad. This will

reduce the cost of companies and would bring outsourcing work to India.

After you raise $36 mn from the public offering in the US, what

would you be focusing on? Have you already started offering business services to

companies abroad?



Our focus is clear. We would look at acquiring companies in Europe and the
US, and service delivery in India. This would provide opportunities for

investors to provide capital along with cross-border operational expertise.

TransTechs strategy is to acquire companies and to implement productivity

improvement initiatives so that the realigned company emerges as a stronger

player in the business service market.

We have not yet started offering the services, but have already

set the operation for acquisitions. Once we acquire a company in the US or

Europe, we would be looking for companies in the similar vertical in India,

which can offer the business services delivery.

Which business sectors will you be targeting?



We would be targeting the financial, insurance, and healthcare services. We
want India to be a delivery center for the companies in the US and Europe.

According to our market study, we have noticed that the healthcare sector holds

the highest potential for growth. As healthcare services are highly expensive

for companies abroad, we can leverage cost-effective services from India. Each

company would focus on their core strength and competency and outsource the

rest.

According to analysis, companies in the US bear the direct cost

of 70% of their revenue in delivery of services, which is 35-50% in India. This

would encourage in aligning the companies, together improving their revenues.

How do you see the growth of the healthcare delivery sector in

India?



Currently, most of the Indian companies offer service delivery centers for
the financial sector and insurance, but there is not a single company that

offers exclusive healthcare services. We are optimistic that once the service

delivery for healthcare sector emerges in India, this will invite foreign

companies to align with them.

Would you be also exploring opportunities in other countries?



Yes, we would. Our goal is to offer operational expertise at lesser cost and
better quality. If we find better quality at less expensive price, we would

definitely be going ahead with it. Well, currently, we would be focusing on

India.

Bhaskar Hazarika, Cybermedia

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