American International Group, the world’s leading insurance and financial services organization, reached a deal to sell another unit on Wednesday.

The battered insurance giant will sell its AIG Systems Solutions Pvt. Ltd., an India-based company, which offers up IT services to AIG companies across the world, to MphasiS, of Chennai, India.

MphasiS, a unit of Hewlett Packard's Electronic Data Systems, stated that around 39% of its income comes from financial services and insurance companies.