General Atlantic Partners and Oak Hill Capital Partners, two US private equity firms, have bought in to the trend for businesses to out-source services to India taking a 60% stake in GE Capital International Services, one of the off-shore pioneers.

GE, the US conglomerate and owner of Gecis, has sold its stake for $500m (€386m), valuing the total company at $800m. GE, in India for over a century, founded GE Capital International Services in 1997, with its headquarters in Delhi, to serve GE units with business process services.