FirstMeridian acquires CBSI India for Rs 12 cr

HR services platform FirstMeridian has acquired CBSI India, an IT staffing business, for a total investment of Rs 12 Cr. CBSI and its employees will now operate as part of FirstMeridian group. The acquisition of CBSI enhances FirstMeridian’s IT staffing offering, fortifying its presence in the IT services industry. IT outsourcing is anticipated to increase in the coming time. FirstMeridian is now fully equipped to fulfil the demand for qualified IT workforce.

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