Firstsource Solutions , a prominent player in the Information Technology and BPO services sector, has announced a strategic expansion into the Canadian market. The company has established a new subsidiary, Firstsource Solutions Canada Inc., marking a significant step in its global growth strategy.

Key Details of the New Subsidiary

Strategic Implications

The incorporation of this new entity in Canada is part of Firstsource Solutions' broader strategy to expand its business operations in North America. This move allows the company to:

• Establish a direct presence in the Canadian market
• Potentially tap into new customer bases and business opportunities
• Strengthen its global footprint in the IT and BPO services industry

Corporate Structure and Compliance

Firstsource Solutions has emphasized that the new subsidiary will be a related party of the company and its other subsidiaries. The company has also assured compliance with all necessary regulations, including:

• Adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Prompt disclosure of all relevant events and information to stock exchanges

Market Response

Following the announcement, Firstsource Solutions experienced a significant increase in trading volume across exchanges. The company has clarified that this volume movement is purely market-driven and not related to any undisclosed material information.

As Firstsource Solutions Canada Inc. begins its operations, industry observers will be keenly watching how this expansion impacts the company's overall growth trajectory and its position in the global IT and BPO services market.

Firstsource Solutions , a leading global provider of Business Process Management (BPM) services, has announced that the proposed H-1B visa restrictions introduced by the US President will have no impact on its workforce or business operations. The company's statement comes as a reassurance to investors and clients amid concerns about potential disruptions in the IT services sector.

Zero Dependency on H-1B Program

In a press release, Firstsource Solutions emphasized its strategic approach to talent acquisition and deployment. The company stated that it has zero dependency on the H-1B visa program, which has been a subject of recent policy changes in the United States. Instead, Firstsource relies on a combination of local hiring practices and a globally distributed execution model.

Global Footprint and Diversified Workforce

Firstsource's resilience in the face of changing immigration regulations stems from its extensive global presence. The company operates across multiple countries, including:

• United States
• United Kingdom
• India
• Philippines
• Mexico
• Romania
• Turkey
• Trinidad & Tobago
• South Africa
• Australia

This diverse geographical spread allows Firstsource to maintain a flexible and adaptable workforce, ensuring business continuity regardless of country-specific policy changes.

Focus on Key Industries

Firstsource Solutions continues to serve a wide range of industries, with a particular focus on:

• Healthcare
• Banking and Financial Services
• Communications, Media and Technology
• Retail

The company's ability to operate across these diverse sectors without reliance on the H-1B program underscores its robust business model and strategic foresight in talent management.

Future-Ready Workforce Strategy

Pooja Nambiar, Company Secretary of Firstsource Solutions Limited, confirmed in the official communication that the company remains committed to building a strong, future-ready workforce. This approach aligns with Firstsource's UnBPO™ vision, which emphasizes technology-led, outcome-driven transformation in the BPM industry.

The company's proactive stance on the H-1B visa issue demonstrates its adaptability to regulatory changes and its commitment to maintaining seamless operations for its global clientele. As the BPM sector continues to evolve, Firstsource's strategy of local hiring and global execution positions it well to navigate potential challenges in the international business landscape.