CARE Ratings Limited has approved the incorporation of a joint venture company with Vestian Global Workplace Services to deliver Global Capability Centre (GCC) enablement solutions in India. The new entity, Operus Limited, will see an initial investment of Rs.22.5 crore by CARE Ratings.
CARE Ratings Limited, a leading credit rating agency, is diversifying into GCC enablement services through a joint venture with Vestian Global Workplace Services. The move underscores its strategy to expand into enterprise solutions beyond its core rating business.
Strategic Partnership
The joint venture, Operus Limited, will focus on enabling global enterprises to design, establish, and operate GCCs in India. Operus aims to provide end-to-end solutions including strategy, operating model design, talent acquisition, workspace setup, and compliance.
Financial Commitment
CARE Ratings will contribute Rs.22.5 crore as initial equity capital at a face value of Rs.10 per share, securing a 50% stake in the venture. Vestian Global Workplace Services will hold the remaining 50%.
Regulatory And Timeline
The incorporation of Operus Limited is expected to be completed by June 30, 2026, subject to SEBI’s no-objection certificate.
Key Highlights
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Operus Limited to deliver enterprise-grade GCC enablement services
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Joint venture between CARE Ratings and Vestian Global Workplace Services
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Rs.22.5 crore initial investment by CARE Ratings
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Equal 50-50 shareholding structure
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Incorporation targeted by June 30, 2026
Sources: CARE Ratings Limited regulatory filing