Zensar Technologies
 | |
| Company type | Public |
|---|---|
| |
| Industry | IT services |
| Predecessor | International Computers Limited India |
| Founded | 1991[1] |
| Headquarters | Pune, India |
Key people | Manish Tandon (CEO and MD) |
| Services | Digital supply chain, artificial intelligence, cloud infrastructure, data management, enterprise applications |
| Revenue |  US$569.4 million (March'22)[2] |
Number of employees | 11000+ (2022) |
| Parent | RPG Group |
| Website | www |
Zensar Technologies Limited is an Indian publicly traded software and services company.[3] The company's stock trades on the Bombay Stock Exchange and on the National Stock Exchange of India.[4] A subsidiary of RPG Group, the company's chairman is Harsh Goenka.[5]
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]
See also
References
- ^ a b Ganesh Natarajan; Prameela Kalive (26 January 2016). From Start-Up to Global Success: The Zensar Story. SAGE Publications. ISBN 978-93-5150-862-5.
- ^ a b "Zensar reports 27.4% YoY growth in PAT for FY21".
- ^ a b "Ajay Bhutoria to take over as Zensar CEO". Economic Times. 12 December 2020. Retrieved 25 January 2021.
- ^ "Zensar Technologies Stock". Bombay Stock Exchange. Retrieved 18 February 2020.
- ^ a b "Apax Partners-backed firm buys 23.2% in Harsh Goenka's Zensar Technologies". Business Today. 9 October 2015. Retrieved 20 March 2020.
- ^ a b "Alumni and Corporate Relations". Indian Institute of Technology Bombay. Dr. Ganesh Natarajan. Archived from the original on 13 October 2018. Retrieved 13 October 2013.
- ^ From Start-Up to Global Success: The Zensar Story. SAGE Publications India. 26 January 2016. ISBN 9789351508625. Retrieved 20 March 2020.
- ^ 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.
- ^ a b Datta, Aveek (27 March 2019). "Zensar Technologies: On the digital highway". Forbes India. Archived from the original on 20 March 2018.
- ^ 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.
- ^ "Zensar Technologies Ltd". NDTV Profit. Reports - History. Archived from the original on 14 October 2018. Retrieved 14 October 2018.
- ^ "ET Markets". The Economic Times. Zensar Technologies Ltd. Archived from the original on 13 October 2018.
- ^ Sangani, Priyanka (28 October 2019). "Zensar's financial services focus pays off in South Africa". Economic Times. Retrieved 20 March 2020.
- ^ "Zensar's Skills Development Program in South Africa reaches the milestone of its 1000th intern". EquityBulls. 19 April 2023. Retrieved 24 April 2023.