Firstsource Solutions Expands Middle East Presence with New Dubai Subsidiary
Firstsource Solutions Limited has incorporated a new wholly owned subsidiary, FIRSTSOURCE MIDDLE EAST SERVICES L.L.C., in Dubai, UAE. The subsidiary has an authorized capital of 300 shares at AED 1,000.00 per share, with Firstsource holding 100% shareholding. This strategic move aims to expand Firstsource's BPO operations in the Middle East region. The subsidiary, which will operate in the IT (BPO) sector, has not yet commenced business operations or generated any turnover.

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Firstsource Solutions Limited , a prominent player in the Business Process Outsourcing (BPO) sector, has taken a significant step to strengthen its foothold in the Middle East market. The company announced the incorporation of a new wholly owned subsidiary, FIRSTSOURCE MIDDLE EAST SERVICES L.L.C., in Dubai, United Arab Emirates (UAE) on July 25, 2025.
Subsidiary Details
The newly established entity, FIRSTSOURCE MIDDLE EAST SERVICES L.L.C., has been set up with an authorized capital of 300 shares at AED 1,000.00 per share. Firstsource Solutions Limited holds 100% shareholding in the subsidiary, having subscribed to the share capital at face value.
Strategic Expansion
This move is part of Firstsource's strategic initiative to expand its BPO operations in the Middle East region. The company aims to tap into the growing demand for IT and BPO services in Dubai and the broader UAE market.
Regulatory Compliance
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Firstsource Solutions Limited has duly informed the National Stock Exchange of India Limited and BSE Limited about this development.
Current Status
As of now, FIRSTSOURCE MIDDLE EAST SERVICES L.L.C. has not commenced business operations. Consequently, the subsidiary has not generated any turnover. The company is expected to begin its operations in due course, aligning with Firstsource's expansion strategy in the region.
Industry Focus
The new subsidiary will operate in the Information Technology (BPO) sector, consistent with Firstsource Solutions Limited's core business. This alignment is expected to leverage the parent company's expertise and experience in delivering BPO services to clients globally.
This strategic move by Firstsource Solutions Limited underscores the company's commitment to expanding its global footprint and capitalizing on emerging opportunities in the Middle East's growing IT and BPO market. As the subsidiary begins its operations, it will be interesting to see how this expansion contributes to Firstsource's overall growth and market presence in the region.
Historical Stock Returns for Firstsource Solutions
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-2.04% | -4.16% | -12.96% | -3.79% | +36.81% | +650.44% |