In addition to growing organically, we have also undertaken acquisition of various businesses over the years where our strategy has been to acquire and integrate businesses that are complementary to ours thereby enabling the creation of a larger business services platform. These acquisitions have been undertaken with a view to not only diversify and broaden our service mix, but also to enable us to move up the value chain in terms of more value added services connected to the customers revenue and growth objectives versus only cost and efficiency objectives.
Our focus has been to acquire companies and businesses whose offerings are complementary and supplementary to ours. All our acquisitions have added either a new customer segment, new service line, or a new geography to us. We believe that we have been able to selectively identify strategic acquisition and investment targets in the past, and make successful acquisitions and integrate them as well as to grow them. These acquisitions have also enabled us to leverage the existing businesses and brand equity and to diversify our revenue streams, obtain employee talent and thus expand our presence across the value chain. Consistent with our conservative funding philosophy, these acquisitions have primarily been undertaken through internal accruals rather than through any significant acquisition financing.
Denave is engaged in a gamut of services related to sales, channel management and marketing to IT/ Tech companies, consumer durable, FMCG and BFSI Industries. Our services include demand generation, lead management, inside sales, data base management services, digital marketing, sales and retail analytics, customer outreach, field force management as well as field marketing services.
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Matrix Business Services India Private Limited is engaged in the business of business assurance services and employee background verification.
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Avon Solutions & Logistics Private Limited is engaged in the business of mail room management and allied services such as niche logistics solutions.
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Global Flight Handling Services Private Limited is engaged in the business of providing ground service support for airlines.
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Tangy Supplies & Solutions Private Limited is engaged in the business of buying, marketing, selling, manufacturing, trading, importing, exporting, procuring, storing and dealing of cleaning materials, chemicals, consumables and all other housekeeping items and allied products, cleaning equipment, all kinds of shoes, stitching and tailoring of fabrics and cloths and marketing, selling, exporting as uniforms and dresses.
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Stanworth Management Private Limited is engaged in business to carry on, the business of facility management services with focus on star hotels.
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Fusion Foods and Catering Private Limited is engaged in the business of providing corporate and industrial catering services and allied services.
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Washroom Hygiene Concepts Private Limited is engaged in the business of providing washroom sanitizing and hygiene solutions including feminine hygiene and products.
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Athena BPO Private Limited is engaged in the business of providing services of inbound call centre services, outbound call centre services, back-office support services, business process outsourcing and data processing services.
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