Following the interest shown by Wipro, Copal Partners and Satyam, there are now reports that Credit Suisse, Barclays and some private equity firms have joined the race to acquire the India operations of Lehman Brothers.

The US investment bank that filed for bankruptcy a couple of weeks ago, has treated its Indian arm as a separate bidding entity from the rest of Asia, published media reports have said.

A report published in the Economic Times says that the firm’s Powai office, which includes the BPO, KPO and the captive units, is being looked at by Credit Suisse, Barclays and PE firms.

The newspaper quotes un-named sources to claim that Credit Suisse and Barclays have already signed an agreement to bid for the Powai operations. “On Monday, we will have a clear picture of what is happening and with whom. The bidding process will continue through the weekend,” the paper said quoting an official source.

The paper says that Lehman’s Worli office is looking for a buyer and goes on to add that while Barclays is said to be one of the bidders for these assets, it may not eventually buy it.