Firstsource Completes Acquisition of Pastdue Credit

Friday, December 12, 2025: Firstsource Solutions Limited (NSE: FSL | BSE: 532809) has acquired a 100% stake in Pastdue Credit Solutions Limited (“PDC”).  The company has acquired the stake through its wholly owned subsidiary and has made a regulatory filing regarding the same.

Key Details Of The Acquisition

As per the company’s regulatory filing dated December 11, 2025, the company has acquired a 100% stake in Pastdue Credit Solutions Limited (“PDC”). The stake is being held indirectly as the company has acquired the stake through Firstsource Solutions UK Limited (“FSL UK”), wholly owned subsidiary of the company. The subsidiary has infused a total of GBP 22 million, including upfront payment and earnouts, to acquire the stake. It was a complete cash consideration.

The acquisition did not involve any related party transaction or promoter/promoter group interest. Further, the company has acquired all requisite regulatory approvals, viz., under the National Securities and Investment Act 2021 (“NSI Act”) and from the Financial Conduct Authority (“FCA”). The main aim of this acquisition was to expand the company’s operation in the UK’s debt collection services market.

Pastdue Credit Solutions Limited (“PDC”) was formed in 2005. The company is an FCA-registered UK-based collections agency. It provides white-label, early arrears

and debt collections & recovery services.

 For the last three financial years, it has generated a turnover of GBP 16.9 million for FY 2024-25, GBP 12.0 million for FY 2023-24, and GBP 12.4 million for FY 2022-23. The company’s operating profit was GBP 3.4 million for FY 2024-25, GBP 0.9 million for FY 2023-24, and GBP 1.9 million for FY 2022-23.

Firstsource Solutions share price closed the day today, 12th December, 2025, down by 0.29% at Rs 340.50.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/a205c679-2630-4d9f-b00b-d391f362edaa.pdf

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