EClerx

eClerx

Company type	Public
Traded as	BSE:  532927 NSE:  ECLERX
Industry	Information technology Outsourcing
Founded	March 2000
Founders	Anjan Malik Priyadarshan Mundhra
Headquarters	Mumbai, Maharashtra India
Area served	Worldwide
Key people	Shailesh Kekre (Chairman) Kapil Jain (CEO)
Revenue	₹2,925 crore (US$330 million) (2024)
Net income	₹511 crore (US$58 million) (2024)
Number of employees	17,000 (2024) [1]
Website	eclerx.com
Footnotes /references Financials as of 31 March 2024 [update] . [2]

eClerx is an Indian IT consulting and outsourcing multinational company based in Mumbai and Pune. It is engaged in providing business process management, automation and analytics services. ^[3] eClerx is a public limited company whose shares are listed on the Bombay Stock Exchange and National Stock Exchange of India.

History

eClerx was founded in year 2000 ^[4] for providing services relating to business process management, automation and analytics to companies engaged in providing financial services, retail, communications, media & entertainment, fashion, manufacturing, travel & leisure and technology companies. ^{[5] [6] [7]}

eClerx was granted approval by SEBI for buy back of its shares for Rs 3030 million. ^{[8] [9]}

Acquisitions

In April 2012, eClerx acquired Agilyst Inc, a US-based knowledge process outsourcing firm. ^[10] On 31 March 2015, eClerx acquired Creative Services Agency CLX Europe, for €25 million. ^[11]

In December 2020, it entered into agreement to purchase US-based company engaged in providing digital marketing and back office services, Personiv. ^[12]

References

1. "eClerx's FY22 revenue stands at INR 2,184.4 crore and net profit up by 47.7% at INR 417.4 crore" (PDF). Eclerx.com. Retrieved 5 June 2022.
2. "eClerx Services shares drop 5% as IT firm announces share buyback, Q4 show". Business Standard. Retrieved 20 November 2024.
3. "eClerx Services sets Rs 270-315 band". The Hindu Business Line. Archived from the original on 1 July 2009. Retrieved 16 July 2010.
4. "An inside look at how Covid-19 affected life at eClerx and how they recovered". Uktech.news. 13 September 2021. Retrieved 29 October 2021.
5. "eClerx Services hits the roof after Q1 results, share buyback". Business-standard.com. 16 August 2021. Retrieved 29 October 2021.
6. "eClerx Services Locked In 20% Upper Circuit After March Quarter Earnings". Ndtv.com. 11 June 2021. Retrieved 29 October 2021.
7. Nahar, Pawan. "eClerx Services rallies 20% after robust Q4 numbers". The Economic Times . Retrieved 5 June 2022.
8. "eClerx Services gets SEBI approval to open buyback offer of Rs3030 million on October 18; Stock climbs 3%". Indiainfoline.com. 11 October 2021. Retrieved 29 October 2021.
9. "Share Buyback: eClerx board approves share buy back at price not exceeding ~3200 per share". Dsij.in. 15 August 2021. Retrieved 29 October 2021.
10. Our Bureau. "eClerx acquires US-based Agilyst". The Hindu Business Line.
11. Our Bureau (31 March 2015). "eClerx buys CLX Europe for €25 m". The Hindu Business Line.
12. Kapur, Narinder (15 December 2020). "KPO firm eClerx to acquire US-based Personiv for $34 mn". Vccircle.com. Retrieved 29 October 2021.