Firstsource to Acquire UK-Based Pastdue Credit Solutions

21 Jul 2025 CW Team

Firstsource Solutions, a global provider of domain-led Business Process Services and part of the RP-Sanjiv Goenka Group, has announced the signing of an agreement to acquire Pastdue Credit Solutions, a leading UK-based debt collection agency. The acquisition is subject to approval by the UK’s Financial Conduct Authority (FCA).

Pastdue Credit Solutions serves a wide range of clients across the UK, including banks, utility providers, telecom companies, and government bodies. The deal enhances Firstsource’s capabilities in first- and third-party collections, particularly within the utilities, financial services, and public sectors.

Dr Sanjiv Goenka, Chairman of the RP-Sanjiv Goenka Group and Firstsource, said, “This acquisition strengthens our collections platform and reaffirms our long-standing commitment to the UK. With rising demand for responsible, tech-enabled solutions, Pastdue Credit Solutions’ expertise will help us scale our offerings while continuing to invest in local talent and infrastructure.”

The acquisition aligns with Firstsource’s strategy to build a differentiated, sector-focused collections business with strong local delivery. It comes at a critical time for the UK market, which is facing rising consumer debt and growing private sector involvement in public debt recovery—representing a market opportunity estimated at over £1.9 billion.

Phil Grant, Chairman of Pastdue Credit Solutions, said, “We are proud to join the Firstsource family. This partnership opens new opportunities for growth, innovation, and value creation for our clients and teams.”

Firstsource was recently recognised as one of the top Indian employers in the UK, ranking third in Grant Thornton’s India Meets Britain Tracker 2025.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..