Zensar Technologies Ltd
| File:RPG Zensar, New logo, July 2017.png | |
| private company (BSE: 504067; NSE: ZENSARTECH) | |
| Traded as | BSE: 504067 |
| ISIN | 🆔 |
| Industry | IT Services |
| Founded 📆 | 1991[1] |
| Founder 👔 | |
| Headquarters 🏙️ | Pune, India |
Area served 🗺️ | |
Key people |
|
| Services | Digital Supply Chain Agile IT Modernization Digital Transformation Enterprise Analytics Customer Experience Automation Blockchain Microservices Digital Workplace Services Enterprise Applications Digital Commerce Infrastructure Management Testing Cloud |
| Revenue🤑 | ₹29.643 billion (US$410 million) (2016)[2] |
| Members | |
Number of employees | 9000+ (2018) |
| Parent | RPG Group |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
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Zensar Technologies Limited is a software and services company with offices in over eighteen countries.
History
Although the company named Zensar was created in 2001, its roots can be traced back much earlier. In 1922, a British firm established a manufacturing unit in Pune and this firm eventually evolved to become the Indian manufacturing arm of ICL and was named ICIM (International Computers Indian Manufacture). In 1963, ICIM listed on the Bombay stock exchange. In 1991, ICIM created a subsidiary company named ICIL, with a focus on software. In 1999, the original hardware division of the parent company was shut down leaving ICIM/ICIL as a purely software company. In February 2000, the company renamed to "Zensar".[1]
Ganesh Natarajan became CEO in 2001 for what was to become a 15 year tenure.[3]
By about 2012 Zensar had approximately 6000 employees servicing 400 companies over 20 global locations,[4]:88 and at the end of the 2016 financial year had built up to a turnover of USD 450 million.[5]
Sandeep Kishore took over as CEO in 2016, taking over from Ganesh Natarajan, [6][3] with Zensar Technology backers being RPG Enterprises and the APAX Portfolio Company by this point.[5]
As of October 2018[update] Zensar Technologies has offices in over 18 countries.[7] It is listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) and is present on several indicies including the NSE's Nifty 500 and the S&P BSE 500.[8]
Acquisitions and subsidiaries
The following is a list of acquisitions made by Zensar since 2005.
| Venture | Date | Company | Value | Location base | Description |
|---|---|---|---|---|---|
| Acquistion | 2018 | Cynosure INC | US$33m | US | For leverage of insurance and Guidewire practice.[9] |
| Acquistion | 2007 | ThoughDigital | US$24.9m | [10] | |
| Joint Venture | EZA | Tokyo | Formed Zensar Advanced Technologies[11][12] | ||
| Acquistion | 2005 | OBT global | Hyderabad | [13] | |
| Acquistion | Akibia Inc | US$100m | [14] | ||
| Acquistion | 2014 | Professional Access Inc | New York | [15] | |
| Acquistion | 2016 | Foolproof Inc | London | [16] | |
| Acquistion | 2017 | Keystone Logic | [17] | ||
| Acquistion | 2018 | Indigo Slate | [18] |
Zensar has offices in over eighteen countries and has also opened subsidiaries as follows:
| Name | Location |
|---|---|
| Zensar Technologies UK Ltd. | United Kingdom |
| Zensar Technologies B.V. | Geneva |
| Zensar Technologies B.V. | The Netherlands |
| Zensar Technologies Keizersgracht | The Netherlands |
| Zensar Technologies Herriotstraße | Frankfurt, Germany |
| Zensar Technologies Regus Business Centre GmbH | Austria |
| Zensar Technologies, Inc. | United States of America |
| Zensar (Africa) Holdings (Pty) Ltd. | Johannesburg |
| Zensar Technologies Ltd. | Kenya-Nairobi |
| Zensar Technologies (Shanghai) Co. Ltd | China |
| Zensar Technologies Ltd. | Australia |
Litigation
In September 2000, Zensar filed criminal proceedings against a former CEO and a former executive officer relating to matters after they had left the company. Further complaints where filed against Nedcor Bank Ltd and Nihilent Technologies Pvt Ltd in the Pune court in November 2000.[19]
See also
References
- ↑ 1.0 1.1 Ganesh Natarajan; Prameela Kalive (26 January 2016). From Start-Up to Global Success: The Zensar Story. SAGE Publications. ISBN 978-93-5150-862-5. Search this book on
- ↑ "Annual Reports". Zensar. Archived from the original on 3 October 2016. Retrieved 30 September 2016.
- ↑ 3.0 3.1 "Alumni and Corporate Relations". Indian Institute of Technology Bombay. Dr. Ganesh Natarajan. Archived from the original on 13 October 2018. Retrieved 13 October 2013.
- ↑ 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.
- ↑ 5.0 5.1 Datta, Aveek (18 April 2017). "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.
- ↑ "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.
- ↑ "Zensar Acquires Thoughtdigital".
- ↑ "Zensar in JV to take over Tokyo software co biz". The Times of India.
- ↑ "Director's report on Zensar Advanced technologies". Archived from the original on 30 November 2009. Retrieved 11 November 2009.
- ↑ "Zensar Acquires OBT Global".
- ↑ "Zensar Technologies acquires Akibia Inc". added acquisition. Archived from the original on 10 July 2011. Retrieved 24 November 2010.
- ↑ "Zensar Technologies Inc. acquires Professional Access Inc". Archived from the original on 4 March 2016. Retrieved 30 January 2016.
- ↑ "Foolproof acquired by Zensar Technologies" (PDF). Archived (PDF) from the original on 4 November 2016. Retrieved 2 November 2016.
- ↑ "Keystone Logic acquired by Zensar Technologies". Archived from the original on 6 April 2017. Retrieved 4 April 2017.
- ↑ "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.
- ↑ Singh, Namrata; Sircar, Subhadip (23 November 2000). "Zensar Tech files criminal case against former CEO". Indian Express Group of Newspapers. Archived from the original on 2 April 2018.
External links
- Official website
- Noronha1, Sonia Delrose; Aithal, Dr. P. S. (June 2017). "Organizational Strategic Approach towards Work Life Balance of Women in India" (PDF). International Journal of Management, Technology, and Social Sciences (IJMTS). Srinivas Publications. 2 (1): 22–23. Archived (PDF) from the original on 12 October 2018.
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