Firstsource Solutions has been recognized as a `Leader` in Avasant`s Mortgage Business Process Transformation 2024 RadarView�. Companies classified as `Leaders` demonstrate consistent excellence across all key dimensions of the RadarView assessment�practice maturity, domain ecosystem, and investments in innovation�while driving superior marketplace impact, setting industry standards through creativity, thought leadership, and best practices, and showcasing exceptional execution with depth and breadth across verticals.Firstsource, through its US-based entity Sourcepoint, Inc., brings over 25 years of expertise in end-to-end mortgage process transformation. It manages over 250 processes for 500+ clients across onshore, nearshore, and offshore locations, leveraging AI, analytics, and tailored platforms like its ILM OCR solution for document processing and the Loan Evaluation System (LES) for quality control. Strategic partnerships with Krista and PAL enable automated quality checks and personalized employee training, while collaborations with Base64.ai and Verint enhance document processing and analytics capabilities. Supported by an innovative gamified training ecosystem, Firstsource continues to drive operational efficiency, customer insights, and industry innovation.Powered by Capital Market - Live News

Firstsource Solutions announced its partnership with WebID Group, a leading digital identification provider. This collaboration further strengthens their Trust & Safety offering, by enhancing their platform security, optimizing the online identity process and reducing potential fraudulent or malicious actors.  Firstsource�fs experts, armed with local linguistic and cultural knowledge, work alongside cutting�]edge technology to ensure accuracy, eliminate bias, and enforce robust safety protocols. While deepening Firstsource`s expertise in the critical areas of Know Your Customer (KYC), Anti�]Money Laundering (AML), and Identity (ID) Verification, this partnership will also enhance its capabilities in Platform Penetration Testing and Red Teaming. The integration of WebID Group�fs cutting�]edge digital identification technology with Firstsource�fs global delivery excellence, the partnership aims to elevate platform safety, foster end�]user trust, and protect businesses from sophisticated security threats.  Powered by Capital Market - Live News

Firstsource Solutions has allotted 11,625 equity shares under ESOS on 11 December 2024. Powered by Capital Market - Live News

Firstsource Solutions has approved the grant of 118,000 stock options (each option exercisable into one equity share) to the eligible employees of the Company and its subsidiaries under Firstsource Solutions Limited Employee Stock Option Plan 2019.Powered by Capital Market - Live News

Net profit of Firstsource Solutions rose 9.26% to Rs 138.22 crore in the quarter ended September 2024 as against Rs 126.51 crore during the previous quarter ended September 2023. Sales rose 25.35% to Rs 1932.61 crore in the quarter ended September 2024 as against Rs 1541.71 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1932.611541.71 25 OPM %14.8614.84 - PBDT250.22219.68 14 PBT171.03154.30 11 NP138.22126.51 9 Powered by Capital Market - Live News