GB Prabhat helped net in $200 million in revenue when he decided to quit Satyam Computer Services, one of India's largest software companies. Prabhat left his cushy job to found a startup called Anantara Solutions which received investments of $6.5 million from Helion Venture Partners, Walden International Silicon Valley Bank.

His new company focuses on Second Generation Outsourcing (SGO), a business paradigm that "radically improves first generation outsourcing which is predicated primarily on cost arbitrage."

Prabhat says “By pioneering SGO, we at Anantara Solutions are reinventing the offshore delivery model combining the efficiencies of a top-notch consulting firm and a high quality offshore delivery firm.

In 1995, he co-founded Satyam Renaissance Consulting, a then subsidiary of Satyam Computer Services. Prabhat believed strongly that, much as IT services work was beginning to be offshored, all manner of consulting services could be delivered using the onsite-offshore model with India as the hub of such services.

Prabhat is also a writer of fiction. His first novel, Chains, was published in November 2000 to critical acclaim and his second novel, Eimona, was published in 2006. click here

http://www.anantsol.com/sgo.html

Five years ago, when Wipro wanted to build back office outsourcing capabilities, it acquired Spectramind. Later, IBM built its business process capabilities in India by buying out Daksh. Such acquisitions gave companies a quick way to enter the booming sector or scale up existing capabilities.

But acquisitions are no longer the only route for technology companies to achieve inorganic growth in India and new cost-effective alternatives are gaining popularity. Companies are experimenting with carving out of business functions, reverse build-operate-transfer and other means that don’t involve buying up a firm but still boost size and add expertise in new service lines.

Infosys BPO, for instance, initially considered acquiring a stake in Citigroup Global Services but dropped the idea as it considered the asking price too high. Recently, it entered into a deal with Philips Electronics and took over the latter’s finance, accounting and non-product related procurement functions along with a staff of 1,400.read more