Multibagger Alert: One Point One Solutions Acquires ITCube Solutions For Rs. 84 Cr

One Point One Solutions has announced the acquisition of a majority stake of Rs. 84 Cr in ITCube Solutions Pvt Ltd. which is an IT + BPM/KPO services company headquartered in Pune and Cincinnati, Ohio. One Point One Solutions will be able to grow its current verticals, including healthcare and IT services, thanks to this purchase. One Point One Solutions' shares started higher on the NSE today at Rs 70 each in response to the news on Friday.

Akshay Chhabra, Managing Director, One Point One Solutions said, "This strategic move represents more than just an expansion of our business-it signifies our commitment to Innovation, Growth, and Solidifying our presence on the Global stage. IT Cube Solutions brings a wealth of expertise and experience in IT + BPM/KPO services, with a strong foothold in Pune and Cincinnati, Ohio. This acquisition embodies a transformative milestone. It broadens our verticals and enriches our capabilities to cater to clients across diverse industries."

"The synergies between our companies ignite a spark of collaborative innovation, propelling us to unprecedented success. This strategic move significantly amplifies our growth trajectory, particularly in the U.S. market, fortified by our newfound expertise in the Healthcare sector and expanded IT service offerings. It positions us to navigate future challenges and opportunities impeccably, empowering us to deliver unparalleled value to our clients and stakeholders," he further added.

The organisation aims to become a global leader in BPO, KPO, and IT service delivery, setting new standards for excellence and innovation. One Point One provides smooth digital transitions across a range of industries, including travel and hospitality, banking and finance, consumer durables & FMCG, insurance, and e-commerce & retail. The firm has grown rapidly since going public in 2017 and now serves over 30 elite clients from a variety of industries, including BFSI, cutting-edge Fintech companies, E-commerce behemoths, and the thriving travel, tourism, and hospitality sector.

As part of a deliberate global expansion, One Point One Solutions recently expanded to the USA, Australia, and the UAE, focusing on providing customised BPO services to small and medium-sized enterprises in these countries across a range of sectors. This vision serves as the foundation for its wholly-owned subsidiary, "ONE POINT ONE USA INC.," which was founded in Delaware, USA.

One Point One Solutions is one of Dalal Street's multibagger stocks, having returned 325% in a year and 152% in six months.