Firstsource Solutions Limited , a global provider of business process management (BPM) services, has taken a significant step in its Middle East expansion strategy by establishing a new wholly-owned subsidiary in Dubai, United Arab Emirates.

New Subsidiary Details

The company announced the incorporation of FIRSTSOURCE MIDDLE EAST SERVICES L.L.C. on July 25, 2025. This strategic move aims to strengthen Firstsource Solutions' operations in the Middle East region, potentially opening up new business opportunities and enhancing its service capabilities in the area.

Key Information About the Subsidiary

Strategic Objectives

The primary objective behind the establishment of this new subsidiary is to expand Firstsource Solutions' BPO business in Dubai and the broader UAE market. This move aligns with the company's growth strategy and its aim to capture a larger share of the Middle East's growing business process outsourcing market.

Financial and Operational Status

As a newly incorporated entity, FIRSTSOURCE MIDDLE EAST SERVICES L.L.C. is yet to commence business operations. Consequently, it currently reports no turnover. The parent company, Firstsource Solutions Limited, will make the initial capital contribution at face value.

Regulatory Compliance

Firstsource Solutions has duly informed the National Stock Exchange of India Limited and BSE Limited about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This expansion into Dubai represents a strategic move for Firstsource Solutions, potentially enhancing its global footprint and service offerings in the Middle East region. As the new subsidiary begins operations, it will be interesting to see how it contributes to the company's overall growth and performance in the coming years.

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.