Dell is looking for India acquisition worth upto R5000Cr ($1bn) to strengthen its information technology services business and compete better against the likes of IBM and Accenture.
The company is planning to buy a mid-sized Indian tech firm with several thousands of staff and revenues of $500Mn to $1bn or even more.
According to ET, the bankers identified 
Hexaware Technologies and NIIT Technologies, each with revenues of around $300 million, as potential targets.
In 2009, Dell made entry into the service space by acquiring Perot Systems for $3.9 bn.
US based Dell Inc develops, sells and supports computers and related products and services.
Dell has said it wants to increase revenues from IT services to $11 billion in three years, but this does not account for business from any potential acquisitions. IT services contribute less than 15% to Dell's total income.
From around 28,000 staff in India, Dell plans to ramp up to a level where it can compete more effectively against IBM, which has over 1,00,000 employees in the country. This can only be achieved through an acquisition.
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