The acquisition is subject to regulatory approval from the Financial Conduct Authority (FCA).
Dr Sanjiv Goenka, Chairman of RPSG Group and Firstsource, said, “We are excited by the opportunity this acquisition could bring. Pastdue Credit Solutions’ deep expertise in first- and third-party collections, particularly across utilities, financial services, and the public sector, strengthens our capabilities in a space that is both critical and growing.”
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The acquisition comes at a pivotal time for the UK collections market. With rising consumer debt, a growing role for private agencies in public sector collections, and over £1.9 billion in market opportunity, the demand for responsible, tech-enabled solutions has never been greater.
Phil Grant, Chairman of Pastdue Credit Solutions, said, “We are proud to be joining the Firstsource family. This partnership has the potential to enable a new and exciting chapter for our people, our valued clients, and our future.
With Firstsource’s global reach, deep domain expertise, and strong culture of innovation, coupled with its long-established credentials in debt collection, this move will pave the way for us to scale our impact, strengthen our services, broaden our offering and unlock new opportunities together.”
Also Read: Firstsource Solutions raises FY25 constant currency revenue growth target
Shares of Firstsource Solutions Ltd ended at ₹353.60, down by ₹2.80, or 0.79%, on the BSE.
