Firstsource has announced the incorporation of a new step-down subsidiary, Firstsource Solutions Canada Inc., in Canada. This move is aimed at expanding the company’s business operations. The subsidiary’s initial share capital is 1 common share of USD 1.00. This new entity will be considered a related party to Firstsource and its other subsidiaries, and will focus on Information Technology and BPO services.
Canadian Expansion
Firstsource has taken a significant step in its global expansion strategy by establishing a new subsidiary in Canada. The newly formed entity, named Firstsource Solutions Canada Inc., will operate as a step-down subsidiary under Firstsource Group USA Inc. This strategic move will enable Firstsource to further its reach and cater to a broader client base within the North American market.
Subsidiary Details
The newly incorporated subsidiary has an initial share capital of 1 common share of USD 1.00. As a related party, it will be closely aligned with Firstsource Group USA Inc. and other entities within the Firstsource ecosystem. This ensures a cohesive and synergistic approach to business development and service delivery.
Strategic Objectives
The primary objective of establishing Firstsource Solutions Canada Inc. is to expand Firstsource’s business operations within Canada. The subsidiary will primarily focus on delivering Information Technology and BPO services. The date of incorporation is October 27, 2025. The company aims to leverage its expertise and capabilities to provide innovative solutions and drive growth in the Canadian market.
Source: BSE
