Zensar Technologies

Last updated

Zensar Technologies Ltd
Company type Public
Industry IT services
Predecessor International Computers Limited India
Founded1991;33 years ago (1991) [1]
Headquarters Pune, India
Key people
Manish Tandon (CEO and MD)
Services Digital supply chain, artificial intelligence, cloud infrastructure, data management, enterprise applications
RevenueIncrease2.svgUS$569.4 million(March'22) [2]
Number of employees
10300+ (2024 April)
Parent RPG Group
Website www.zensar.com

Zensar Technologies Limited is an Indian publicly traded software and services company. [3] The company's stock trades on the Bombay Stock Exchange and the National Stock Exchange of India. [4] A subsidiary of RPG Group, the company's chairman is Harsh Goenka. [5]

Contents

Zensar is a technology consulting and services company that caters to prestigious clients, including Forbes Global 2000 companies across four primary industries - banking, financial services, and insurance, manufacturing and consumer services, healthcare and life sciences, and technology, media, and telecom. Zensar’s business is spread between the Americas, [PR1] [DM2] the United Kingdom, parts of Europe, and South Africa. Zensar’s teams work out of 30+ global locations, including offices of acquired entities.

Zensar's unique value proposition lies in its "experience-led everything" approach, which encompasses a three-pronged strategy called experience, engineering, and engagement (EEE). EEE prioritizes delivering exceptional customer experiences, bolstered by robust engineering capabilities, leading to superior client engagement. To achieve this, Zensar combines deep industry knowledge with strong technical expertise and a commitment to building collaborative partnerships and lasting client relationships.

Zensar is also dedicated to developing value-driven, environmentally conscious, and human-centered products and services. As of April 2024, with 10,300+ employees across 30+ global locations, the company delivers a wide range of digital solutions and services:

  1. Experience Services that encompass designing, developing, and managing user-centric digital products and experiences.
  2. Advanced Engineering Services that focus on leveraging cutting-edge technologies like cloud, full-stack development, and generative AI to tackle critical digital challenges.
  3. Data Engineering and Analytics Services that empower clients to unlock the value of their data through optimized storage, analysis, and insights for improved decision-making.
  4. Foundation Services that provide the bedrock for IT operations, ensuring seamless management and optimization of essential infrastructure.
  5. Application Services that encompass the development, management, and maintenance of applications that drive core business functions.

History

Zensar traces its origin to 1922 when a British original-equipment manufacturing firm established a regional manufacturing unit in Pune, India. The firm evolved to become the Indian manufacturing arm of British computer maker ICL, and was renamed ICIM (International Computers Indian Manufacture). In 1963, ICIM listed on the Bombay Stock Exchange. In 1991, ICIM established a subsidiary company named International Computers Limited (ICIL), with a focus on software. In 1999, the original hardware division of ICIM was shuttered, leaving ICIM/ICIL as a purely software company.

In February 2000, the company renamed to Zensar. [1] Ganesh Natarajan became CEO in 2001, beginning a 15-year tenure. [6] From 2000 to 2005, the company focused on application management for its clients. [7] RPG Group, the Indian industrial conglomerate headquartered in Mumbai, Maharashtra, is the majority shareholder in the company. The company continues to have its headquarters in Pune in Western India.

By 2012, Zensar had approximately 11000 employees servicing 400 clients in over 20 global locations [8] and at the end of the 2019 financial year earned revenues of over US$550 million. [2] [9]

Sandeep Kishore was named Zensar's CEO in 2016, taking over from Ganesh Natarajan, [10] [6] with Zensar Technology backers being RPG Enterprises. In 2015, APAX Portfolio Company acquired a stake in Zensar from Electra Partners Mauritius. [9] [5]

As of October 2018, Zensar Technologies has offices in over 20 countries. [11] It is listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) and is a component of several indices including the NSE's Nifty 500 and the S&P BSE 500. [12] In December 2020, Ajay S. Bhutoria was named Zensar's CEO. [3]

Zensar's business is spread between North America, United Kingdom, parts of Europe and South Africa. [13] Zensar's teams work out of 33 global locations, including offices of acquired entities.

In April 2023, its South African subsidiary marked the 1000th internship of young locals as part of the initiative launched in 2008 to prepare youth for the IT-sector. [14]

Acquisitions

The following is a list of acquisitions made by Zensar since 2005.

Ventures
VentureDateCompanyValueLocation baseCapabilities added
Acquisition2021M3biN/AUSCapabilities strengthened in Data Engineering and Advanced Analytics, Advanced Engineering and Experience Services.  Strengthens BFSI and other verticals [15]
Acquisition2018Cynosure INCUS$33mUSGuidewire capabilities. Entry into Property and Casualty Insurance sector. Core system modernization [16]
Acquisition2007ThoughtDigitalUS$24.9mUS [17]
Joint Venture 2013EZAN/ATokyoFormed Zensar Advanced Technologies [18] [19]
Acquisition2005OBT globalN/AHyderabad[ citation needed ]
Acquisition2010Akibia IncUS$100m Westborough, Massachusetts [20] [21] [22]
Acquisition2014Professional Access IncN/ANew York [23]
Acquisition2016Foolproof, Inc.N/ALondonUser Interface, User Experience Strategy & Planning

Design and create digital products for customers. [24]

Acquisition2017Keystone LogicN/AUS Omnichannel retail order and warehouse management [25] [26] Digital Supply Chain, Direct to Consumer fulfilment – Order Management, Warehouse Management expertise. Supply Chain Competency – Implement, Engineer, Optimize, Support
Acquisition2018Indigo SlateUS$18mUSDigital marketing services. CX, UX, Design & Content Development capabilities. High-quality digital studio and local CX/UX presence in the US [27]

Locations

Zensar has offices in 33 global locations. [28]

List of subsidiaries
NameLocation
Zensar Technologies UK Ltd.United Kingdom
Zensar Technologies B.V.Geneva
Zensar Technologies B.V.The Netherlands
Zensar Technologies KeizersgrachtThe Netherlands
Zensar Technologies HerriotstraßeFrankfurt, Germany
Zensar Technologies Regus Business Centre GmbHAustria
Zensar Technologies, Inc.United States of America
Zensar (Africa) Holdings (Pty) Ltd.Johannesburg

Awards and recognition

Zensar was the innovation award winner in the "Creating an Impact-IT Skills" category at India Perspectives 2018. Gartner Magic Quadrant named the company Niche Player 2019 for managed mobility services. [29] The company is often quoted by analysts in industry media for its expertise on enterprise IT spending, research consulting and advisory services. [30]

The company won the 2021 BIG Innovation Award for Technology. [31] The company also won at the 11th Annual Aegis Graham Bell Awards under the AI-Powered Innovation for Enterprise category. [32]

See also

Related Research Articles

<span class="mw-page-title-main">Infosys</span> Indian multinational technology company

Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. Infosys is the second-largest Indian IT company, after Tata Consultancy Services, by 2020 revenue figures.

<span class="mw-page-title-main">Tata Consultancy Services</span> Indian multinational technology company

Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) services and consulting company headquartered in Mumbai. It is a part of the Tata Group and operates in 150 locations across 46 countries. In March 2024, it was reported that TCS had more than 601,546 employees worldwide. TCS is the second-largest Indian company by market capitalization, the most valuable IT service brands worldwide, and the top Big Tech (India) company. In 2012, it was the world's second-largest user of U.S. H-1B visas.

<span class="mw-page-title-main">National Stock Exchange of India</span> Indian securities marketplace

National Stock Exchange of India Limited (NSE) is one of the leading stock exchanges in India, based in Mumbai. NSE is under the ownership of various financial institutions such as banks and insurance companies. It is the world's largest derivatives exchange by number of contracts traded and the third largest in cash equities by number of trades for the calendar year 2022. It is the 8th largest stock exchange in the world by total market capitalization, as of May 2024. NSE's flagship index, the NIFTY 50, is a 50 stock index that is used extensively by investors in India and around the world as a barometer of the Indian capital market. The NIFTY 50 index was launched in 1996 by NSE.

<span class="mw-page-title-main">Rockwell Automation</span> American industrial automation provider

Rockwell Automation, Inc. is an American provider of industrial automation and digital transformation technologies. Brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services.

Tech Mahindra is an Indian multinational information technology services and consulting company. Part of the Mahindra Group, the company is headquartered in Pune and has its registered office in Mumbai. Tech Mahindra has over 146,000 employees across 90 countries. The company was ranked #5 in India's IT firms and overall No. 47 on Fortune India 500 list for 2019.

Mindtree Limited was an Indian multinational information technology services and consulting company, headquartered in Bangalore. Mindtree was acquired by Larsen & Toubro in 2019, before being merged with L&T Infotech (LTI) in 2022 to form LTIMindtree.

<span class="mw-page-title-main">Tata Chemicals</span> Indian company

Tata Chemicals Limited is an Indian multinational corporation with interests in chemicals, crop protection and specialty chemistry products. The company is headquartered in Mumbai and has operations across India, Europe, North America and Africa. Tata Chemicals is a part of the Tata Group and its shares are traded on the NSE and BSE. Tata Chemicals has a publicly listed subsidiary called Rallis India.

<span class="mw-page-title-main">Sterlite Technologies</span> Indian multinational technology company

Sterlite Technologies Limited is an Indian optical and digital technology company, headquartered in Pune. It is listed on Bombay Stock Exchange and National Stock Exchange of India. It has 636 patents and is active in over 150 countries. The company is specialized in optical networking which consists of optical fiber and cables, hyper-scale network design, and deployment and network software.

<span class="mw-page-title-main">RPG Group</span> Indian industrial conglomerate headquartered in Mumbai

The Rama Prasad Goenka Group, commonly known as RPG Group, is an Indian industrial and services conglomerate headquartered in Mumbai, Maharashtra. The roots of the RPG Group can be traced back to the enterprise of Ramdutt Goenka in 1820. RPG Enterprises was established in 1979 by Rama Prasad Goenka and initially comprised the Phillips Carbon Black, Asian Cables, Agarpara Jute, and Murphy India companies. R. P. Goenka held the title of Chairman Emeritus until his death in 2013. The present chairman is Harsh Goenka, R. P. Goenka‘s eldest son.

<span class="mw-page-title-main">Wipro</span> Multinational IT services and consulting company

Wipro Limited is an Indian multinational corporation that provides information technology, consultant and business process services. It is one of the leading Big Tech companies. Wipro's capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services to customers in 167 countries.

<span class="mw-page-title-main">Mindcrest</span> American legal services company

Mindcrest Inc. is a legal services provider headquartered in Chicago, Illinois, United States, with operations in India. Mindcrest specializes in litigation support, contracts, compliance, legal research, analytics, and real estate.

<span class="mw-page-title-main">Motilal Oswal Financial Services</span> Indian diversified financial services firm

Motilal Oswal Financial Services Limited is an Indian financial services company offering a range of financial products and services. The company was founded by Motilal Oswal and Raamdeo Agrawal in 1987.

<span class="mw-page-title-main">Ashish Chauhan</span> Indian business executive and administrator

Ashishkumar Chauhan is an Indian business executive and administrator who is currently the Managing Director (MD) and Chief Executive Officer (CEO) of the National Stock Exchange of India (NSE). A technocrat from IIT Bombay and IIM Calcutta, Ashish was a founding member of NSE. Prior to joining NSE back in 2022, he was the Managing Director and Chief Executive Officer of the Bombay Stock Exchange (BSE) for 10 years. He is also the Chancellor of University of Allahabad and serves as a member of Governing Council of one of the premier B-Schools in India - IIM Calcutta. Ashish is best known as the father of modern financial derivatives in India, and is considered one of the foremost experts in financial market policies, Information technology, organized retail, telecommunications, cricket and Indian social issues. Ashish has been awarded Lifetime Achievement Award by Global Custodian

<span class="mw-page-title-main">Firstsource</span> Provider of business process outsourcing services

Firstsource Solutions Limited is an Indian business process management company headquartered in Mumbai, India. It is owned by RP-Sanjiv Goenka Group.

Geojit Financial Services Ltd. is an investment services company in India headquartered in Kochi, Kerala. It operates a network of offices across India and the Middle East. Geojit was the first company in India to launch online-trading facilities, develop franchise models of sub-broking, form joint ventures in West Asia and the first to begin commodity futures trading in pepper, cardamom, gold and silver in India.

Cyient is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, networks and operations. It was established in 1991 in Hyderabad as Infotech Enterprises Ltd. Infotech Enterprises was re-branded as Cyient in 2014.

<span class="mw-page-title-main">Zylog Systems</span> International information technology company

Zylog Systems Limited (ZSL) is an international information technology company publicly listed on the National Stock Exchange of India (NSE) & Bombay Stock Exchange (BSE). Zylog is headquartered in Chennai, India and Edison, New Jersey, United States.

HDFC Securities Limited is a financial services intermediary and a subsidiary of HDFC Bank, a private sector bank in India. HDFC Securities was founded in year 2000 and is headquartered in Mumbai, with branches across major cities and towns in India.

Subex Limited is an Indian enterprise software company based in Bangalore, which provides digital trust products to communication service providers. The company is listed on BSE and NSE in India.

<span class="mw-page-title-main">Coforge</span> Indian multinational technology company

Coforge, formerly known as NIIT Technologies, is an Indian multinational information technology company based in Noida, India and New Jersey, United States. The company's stock trades on the Bombay Stock Exchange and on the National Stock Exchange of India under the ticker symbol COFORGE.

References

  1. 1 2 Ganesh Natarajan; Prameela Kalive (26 January 2016). From Start-Up to Global Success: The Zensar Story. SAGE Publications. ISBN   978-93-5150-862-5.
  2. 1 2 "Zensar reports 27.4% YoY growth in PAT for FY21".
  3. 1 2 "Ajay Bhutoria to take over as Zensar CEO". Economic Times. 12 December 2020. Retrieved 25 January 2021.
  4. ↑ "Zensar Technologies Stock". Bombay Stock Exchange. Retrieved 18 February 2020.
  5. 1 2 "Apax Partners-backed firm buys 23.2% in Harsh Goenka's Zensar Technologies". Business Today. 9 October 2015. Retrieved 20 March 2020.
  6. 1 2 "Alumni and Corporate Relations". Indian Institute of Technology Bombay. Dr. Ganesh Natarajan. Archived from the original on 13 October 2018. Retrieved 13 October 2013.
  7. ↑ From Start-Up to Global Success: The Zensar Story. SAGE Publications India. 26 January 2016. ISBN   9789351508625 . Retrieved 20 March 2020.
  8. ↑ Bhide, Sachin Mohan (2012). "CHAPTER 6: Zensar Technologies Ltd. Case Study" (PDF). Study of change in composition and direction of exports by information technology companies in and around Pune (PhD). guide: Dr. M. R. Tambe. Savitribai Phule Pune University. Archived (PDF) from the original on 14 October 2018.
  9. 1 2 Datta, Aveek (27 March 2019). "Zensar Technologies: On the digital highway". Forbes India. Archived from the original on 20 March 2018.
  10. ↑ Sanjai, P.R. (14 December 2015). "Zensar appoints HCL's Sandeep Kishore as CEO and MD". Livemint. HT Media Ltd. Archived from the original on 11 October 2018. Retrieved 11 October 2018.
  11. ↑ "Zensar Technologies Ltd". NDTV Profit. Reports - History. Archived from the original on 14 October 2018. Retrieved 14 October 2018.
  12. ↑ "ET Markets". The Economic Times. Zensar Technologies Ltd. Archived from the original on 13 October 2018.
  13. ↑ Sangani, Priyanka (28 October 2019). "Zensar's financial services focus pays off in South Africa". Economic Times. Retrieved 20 March 2020.
  14. ↑ "Zensar's Skills Development Program in South Africa reaches the milestone of its 1000th intern". EquityBulls. 19 April 2023. Retrieved 24 April 2023.
  15. ↑ "Zensar acquires M3bi for $33 million". The Economic Times. Retrieved 3 June 2021.
  16. ↑ "Zensar to acquire Cynosure for $33 mn". The Economic Times. 21 March 2018. Archived from the original on 9 May 2018. Retrieved 9 May 2018.
  17. ↑ "Zensar buys Thoughtdigital". The Economic Times (IndiaTimes). 24 February 2007. Archived from the original on 10 February 2019. Retrieved 10 February 2019.
  18. ↑ "Zensar Tech in JV with Tokyo firm". Business Standard, India. 5 February 2013. Archived from the original on 10 February 2019. Retrieved 10 February 2019.
  19. ↑ "Director's report on Zensar Advanced technologies". Archived from the original on 30 November 2009. Retrieved 11 November 2009.
  20. ↑ "Zensar Technologies acquires Akibia Inc". added acquisition. Archived from the original on 10 July 2011. Retrieved 24 November 2010.
  21. ↑ "Zensar acquires US IT slotion firm Akibia for $66 million". The Economic Times. 23 November 2010. Retrieved 12 November 2019.
  22. ↑ Pilon, Matt (18 June 2013). "Post-Acquisition, Akibia Is Fully Assimilated". EBJ. Retrieved 7 November 2019.
  23. ↑ "Zensar Technologies Inc. acquires Professional Access Inc". Archived from the original on 4 March 2016. Retrieved 30 January 2016.
  24. ↑ "Foolproof acquired by Zensar Technologies" (PDF). Archived from the original (PDF) on 4 November 2016. Retrieved 2 November 2016.
  25. ↑ Pramanik, Ayan (31 March 2017). "Zensar Technologies to acquire Keystone Logic for Rs 132 cr". Business Standard India. Retrieved 31 January 2019.
  26. ↑ "Keystone Logic acquired by Zensar Technologies". Archived from the original on 6 April 2017. Retrieved 4 April 2017.
  27. ↑ "Zensar Acquires Indigo Slate, a US Based Digital Agency | Markets Insider". markets.businessinsider.com. Archived from the original on 4 September 2018. Retrieved 3 September 2018.
  28. ↑ "Zensar - Think Velocity". www.zensar.com. Retrieved 27 August 2021.
  29. ↑ "Zensar named Niche Player in 2019 Gartner Magic Quadrant for Managed Mobility Services, Global". Business Standard. 25 July 2019. Retrieved 20 March 2020.
  30. ↑ "With 30% Earnings Growth, Did Zensar Technologies Limited Outperform The Industry?". Yahoo! News. 11 July 2019. Retrieved 27 March 2020.
  31. ↑ "7 Executives, 52 Companies and 137 Products Win 2021 BIG Innovation Award". Business Intelligence Group. Retrieved 27 August 2021.
  32. ↑ "Zensar wins at the 11th Annual Aegis Graham Bell Awards; stock gains 2%". www.indiainfoline.com. Retrieved 27 August 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.