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

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..