SLK Software’s promoters look to sell majority stake

Mumbai: The promoters of the Bengaluru-based expertise providers agency SLK Software, the Amin family, are all set to promote a majority stake within the firm, based on folks aware of the matter.Feelers have been despatched to main buyout funds and non-binding bids are anticipated in a number of weeks, they mentioned. Parth Amin and Roshen have mandated Avendus to handle the sale course of. The deal is more likely to worth SLK at about $800 million (‘7,000 crore), mentioned a number of folks conscious of the event.

SLK Software program is projected to report an earnings earlier than curiosity, taxes, depreciation and amortisation (Ebitda) of $40 million for FY25, with the corporate doubtlessly valued at 18-20 instances Ebitda, the folks mentioned.

Included in 2000, SLK Software program is focussed on artificial intelligence, clever automation and analytics to offer expertise options to its prospects. It gives software program associated providers in segments resembling manufacturing, banking, insurance coverage and monetary providers. The corporate gives laptop information processing providers within the fields of contact centre buyer assist, analytics; information processing session within the area of banking, manufacturing, and utilities; and consulting providers within the area of optimising the effectiveness of customer support contact centres.

With a main concentrate on the US market, SLK Software program serves regional banks, producers and firms that serve prospects within the oil and gasoline, power and utilities sectors, based on the corporate web site.

Total, the group has a energy of 5,000 workers. In India, SLK Software program’s operations are in Bengaluru and Pune. Within the US, it has workplaces in Cincinnati and Chicago. In addition to, it has workplaces in France, the Netherlands, Germany, the UK and Singapore.

Queries emailed to SLK Software program CEO Ajay Kumar didn’t elicit any response until press time on Thursday.

In 2021, the promoters had offered a controlling stake in SLK International Options, the supplier of business process management to IT firm Coforge for ‘920 crore.

The group owns two firms – Avo Automation and Maldivian Mermaid.