<P> In 2007, Intelenet's management team initiated a management buyout backed by Blackstone Group, a global private equity player . Blackstone group owns 75.98% of the stake at Intelenet; 19% is held by SKM (Employee) Trust and 5.02% by Housing Development Finance Corporation Ltd (HDFC). </P> <P> In 2007, Intelenet acquired companies in Travel and IT verticals - Upstream, a US - based BPO company with centres in Fargo, North Dakota, Chesapeake, Virginia and Campbellsville, Kentucky and Travelport ISO, the India based captive operations of the Travelport group . </P> <P> In January 2010 Intelenet a delivery centre in Krakow, Poland . </P> <P> 20 - Intelenet Global Services was acquired by Serco Group PLC . </P>

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