Financial firm Contact Recruitment is expanding in India in a bid to capitalise on the burgeoning IT and outsourcing markets.

The London-based company has acquired IT recruitment company Nastrac Pvt, based in New Delhi, and its sister company Nastrac Ltd, which specialises in placing IT staff in the telecomms and banking sector in London and Europe.

Following the takeover, the new businesses will be called Contact Recruitment India and Contact IT services respectively.