EClerx explained

eClerx
Type:Public
Traded As:
Industry:Information technology and Outsourcing
Founder:Anjan Malik and Priyadarshan Mundhra
Revenue: 802.83 crore 2024
Net Income: 111.61 crore 2024
Num Employees:17000 (2024)
Foundation:March, 2000
Location:Mumbai, Maharashtra India
Area Served:Worldwide
Key People:Shailesh Kekre (Chairman) Kapil Jain (CEO)

eClerx is an Indian IT consulting and outsourcing multinational company based in Mumbai and Pune engaged in providing solutions to Fortune 500 companies business process management, automation and analytics services .[1] 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[2] 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.[3] [4] [5]

As of May 2024, its total headcount was reported as 17000.[6]

eClerx was granted approval by SEBI for buy back of its shares for Rs 3030 million.[7] [8]

Products and Services

IT Services: eClerx provide IT services.

Business Process Outsourcing (BPO): eClerx runs BPO services as well.

Finance: eClerx deals in Financial services also to their customer .

Acquisitions and operations

In April 2012, eClerx acquired Agilyst Inc to grow its footprint in the U.S. cable and telecom industry.[9] On 31 March 2015, eClerx acquired Creative Services Agency CLX Europe, for a total purchase consideration of up to EUR 25 million.[10]

In December 2020, it entered into agreement to purchase US-based company engaged in providing digital marketing and back office services, Personiv.[11] [12]

Notes and References

  1. Web site: eClerx Services sets Rs 270-315 band . The Hindu Business Line . 2010-07-16 . https://web.archive.org/web/20090701002811/http://www.thehindubusinessline.com/2007/11/28/stories/2007112852151700.htm . 1 July 2009 . dead . dmy-all .
  2. News: An inside look at how Covid-19 affected life at eClerx and how they recovered . 29 October 2021 . Uktech.news . 13 September 2021.
  3. News: eClerx Services hits the roof after Q1 results, share buyback . 29 October 2021 . Business-standard.com . 16 August 2021.
  4. News: eClerx Services Locked In 20% Upper Circuit After March Quarter Earnings . 29 October 2021 . Ndtv.com . 11 June 2021.
  5. News: eClerx Services rallies 20% after robust Q4 numbers. Pawan. Nahar. 5 June 2022. The Economic Times.
  6. Web site: eClerx's FY22 revenue stands at INR 2,184.4 crore and net profit up by 47.7% at INR 417.4 crore. Eclerx.com. 5 June 2022.
  7. News: eClerx Services gets SEBI approval to open buyback offer of Rs3030 million on October 18; Stock climbs 3% . 29 October 2021 . Indiainfoline.com . 11 October 2021.
  8. News: Share Buyback: eClerx board approves share buy back at price not exceeding ~3200 per share . 29 October 2021 . Dsij.in . 15 August 2021.
  9. Web site: eClerx acquires US-based Agilyst. Our Bureau. The Hindu Business Line.
  10. Web site: eClerx buys CLX Europe for €25 m. Our Bureau. The Hindu Business Line. 31 March 2015 .
  11. News: Kapur . Narinder . KPO firm eClerx to acquire US-based Personiv for $34 mn . 29 October 2021 . Vccircle.com . 15 December 2020.
  12. News: Business Process Management Leader, eClerx, Acquires Texas-Based Personiv . 29 October 2021 . Prnewswire.com . 24 December 2020.