Zensar Technologies Explained

Zensar Technologies Ltd
Type:Public
Industry:IT services
Key People:Manish Tandon (CEO and MD)
Services:Digital supply chain, artificial intelligence, cloud infrastructure, data management, enterprise applications
Revenue: [1]
Num Employees:11000+ (2022)
Parent:RPG Group
Predecessor:International Computers Limited India
Foundation:[2]
Location:Pune, India

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.

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. Ganesh Natarajan became CEO in 2001, beginning a 15-year tenure.[5] From 2000 to 2005, the company focused on application management for its clients.[6] 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[7] and at the end of the 2019 financial year earned revenues of over US$550 million.[8]

Sandeep Kishore was named Zensar's CEO in 2016, taking over from Ganesh Natarajan,[9] [5] with Zensar Technology backers being RPG Enterprises. In 2015, APAX Portfolio Company acquired a stake in Zensar from Electra Partners Mauritius.[8] [10]

, 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.

Venture Date Company Value Location base Capabilities added
Acquisition2021M3biN/AUSCapabilities strengthened in Data Engineering and Advanced Analytics, Advanced Engineering and Experience Services.  Strengthens BFSI and other verticals [15]
Acquisition 2018 Cynosure INC US$33m US Guidewire capabilities. Entry into Property and Casualty Insurance sector. Core system modernization [16]
Acquisition 2007 ThoughtDigital US$24.9m US [17]
2013 EZA N/A Tokyo Formed Zensar Advanced Technologies[18] [19]
Acquisition 2005 OBT global N/A Hyderabad
Acquisition 2010 Akibia Inc US$100m [20] [21] [22]
Acquisition 2014 Professional Access Inc N/A New York [23]
Acquisition 2016 Foolproof, Inc. N/A London User Interface, User Experience Strategy & PlanningDesign and create digital products for customers.[24]
Acquisition 2017 Keystone Logic N/A US 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
Acquisition 2018 Indigo Slate US$18mUS Digital marketing services. CX, UX, Design & Content Development capabilities. High-quality digital studio and local CX/UX presence in the US [27]
Acquisition 2024 BridgeView Life Sciences US$25mUS Expands Zensar's healthcare and life sciences offerings, providing a wider range of solutions for pharmaceutical, biotechnology, and medical device companies through its partnership with Veeva Systems. [28]

Locations

Zensar has offices in 33 global locations.[29]

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

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.[30] The company is often quoted by analysts in industry media for its expertise on enterprise IT spending, research consulting and advisory services.[31]

The company won the 2021 BIG Innovation Award for Technology.[32] The company also won at the 11th Annual Aegis Graham Bell Awards under the AI-Powered Innovation for Enterprise category.[33]

See also

Notes and References

  1. Web site: Zensar reports 27.4% YoY growth in PAT for FY21.
  2. Book: Ganesh Natarajan. Prameela Kalive. From Start-Up to Global Success: The Zensar Story. 26 January 2016. SAGE Publications. 978-93-5150-862-5.
  3. News: Ajay Bhutoria to take over as Zensar CEO. Economic Times . 12 December 2020 . 25 January 2021.
  4. Web site: Zensar Technologies Stock . Bombay Stock Exchange . 18 February 2020.
  5. Web site: Alumni and Corporate Relations. Dr. Ganesh Natarajan. Indian Institute of Technology Bombay. 13 October 2013 . https://web.archive.org/web/20181013163657/http://www.iitb.ac.in/alumni/en/awards/2017/distinguished-alumnus/dr-ganesh-natarajan. 13 October 2018. live. dmy-all.
  6. Book: SAGE Publications India . From Start-Up to Global Success: The Zensar Story . 26 January 2016. 9789351508625. 20 March 2020.
  7. PhD. Sachin Mohan. Bhide. Study of change in composition and direction of exports by information technology companies in and around Pune . Savitribai Phule Pune University. 2012. guide: Dr. M. R. Tambe. CHAPTER 6: Zensar Technologies Ltd. Case Study . http://shodhganga.inflibnet.ac.in:8080/jspui/bitstream/10603/185937/20/14_chapter%206.pdf . live. https://web.archive.org/web/20181014024059/http://shodhganga.inflibnet.ac.in:8080/jspui/bitstream/10603/185937/20/14_chapter%206.pdf. 14 October 2018. dmy-all.
  8. News: Zensar Technologies: On the digital highway. Forbes India. Aveek. Datta. 27 March 2019. live. https://web.archive.org/web/20180320225158/http://www.forbesindia.com/article/boardroom/zensar-technologies-on-the-digital-highway/46707/1. 20 March 2018. dmy-all.
  9. News: Zensar appoints HCL's Sandeep Kishore as CEO and MD. Sanjai. P.R.. 2015-12-14. HT Media Ltd. Livemint. 2018-10-11. https://web.archive.org/web/20181011214449/https://www.livemint.com/Companies/uFfhunnEhRZKZXJYjnBEYJ/Zensar-appoints-HCLs-Sandeep-Kishore-as-CEO-and-MD.html. 11 October 2018. live. dmy-all.
  10. Web site: Apax Partners-backed firm buys 23.2% in Harsh Goenka's Zensar Technologies. Business Today . 9 October 2015 . 20 March 2020.
  11. Web site: Zensar Technologies Ltd.. Reports - History. NDTV Profit. 14 October 2018. live. https://web.archive.org/web/20181014173807/https://www.ndtv.com/business/stock/zensar-technologies-ltd_zensartech/reports. 14 October 2018. dmy-all.
  12. Web site: ET Markets. The Economic Times. Zensar Technologies Ltd . https://web.archive.org/web/20181013045552/https://economictimes.indiatimes.com/zensar-technologies-ltd/infocompanylisting/companyid-13597.cms. 13 October 2018. dead. dmy-all.
  13. News: Zensar's financial services focus pays off in South Africa. Economic Times . 28 October 2019 . 20 March 2020 . Sangani . Priyanka .
  14. Web site: 2023-04-19 . Zensar's Skills Development Program in South Africa reaches the milestone of its 1000th intern . 2023-04-24 . EquityBulls.
  15. News: Zensar acquires M3bi for $33 million. The Economic Times. 2021-06-03.
  16. News: Zensar to acquire Cynosure for $33 mn. 2018-03-21. The Economic Times. 2018-05-09. https://web.archive.org/web/20180509220338/https://economictimes.indiatimes.com/tech/ites/zensar-to-acquire-cynosure-for-33-mn/articleshow/63400515.cms. 9 May 2018. live. dmy-all.
  17. News: Zensar buys Thoughtdigital. 24 February 2007. 10 February 2019. The Economic Times (IndiaTimes). live. https://archive.today/20190210152657/https://economictimes.indiatimes.com/tech/software/zensar-buys-thoughtdigital/articleshow/1670527.cms. 10 February 2019. dmy-all.
  18. News: Zensar Tech in JV with Tokyo firm. Business Standard, India. 5 February 2013. 10 February 2019. live. https://web.archive.org/web/20190210173348/https://www.business-standard.com/article/technology/zensar-tech-in-jv-with-tokyo-firm-107040501089_1.html. 10 February 2019. dmy-all.
  19. News: Director's report on Zensar Advanced technologies. 11 November 2009. https://web.archive.org/web/20091130174610/http://www.moneycontrol.com/annual-report/zensartechnologies/directors-report/ZT02. 30 November 2009. dead. dmy-all.
  20. Web site: Zensar Technologies acquires Akibia Inc.. added acquisition. 24 November 2010. https://web.archive.org/web/20110710195436/http://www.equitybulls.com/admin/news2006/news_det.asp?id=83876. 10 July 2011. live. dmy-all.
  21. News: Zensar acquires US IT slotion firm Akibia for $66 million. 2010-11-23. The Economic Times. 2019-11-12.
  22. Web site: Pilon. Matt. 2013-06-18. Post-Acquisition, Akibia Is Fully Assimilated. 2019-11-07. EBJ.
  23. Web site: Zensar Technologies Inc. acquires Professional Access Inc.. 30 January 2016. https://web.archive.org/web/20160304084331/http://www.zensar.com/zensar-media/press-releases/2206-zensar-technologies-inc-acquires-professional-access-inc. 4 March 2016. dead. dmy-all.
  24. Web site: Foolproof acquired by Zensar Technologies. 2 November 2016. https://web.archive.org/web/20161104044720/http://www.foolproof.co.uk/media/569926/Foolproof-acquired-by-Zensar_Nov-2-2016_Final.pdf. 4 November 2016. dead. dmy-all.
  25. News: Zensar Technologies to acquire Keystone Logic for Rs 132 cr. Pramanik. Ayan. 2017-03-31. Business Standard India. 2019-01-31.
  26. Web site: Keystone Logic acquired by Zensar Technologies. 4 April 2017. https://web.archive.org/web/20170406141326/http://www.zensar.com/about-us/media/press-release/zensar-acquires-keystone-logic. 6 April 2017. live. dmy-all.
  27. News: Zensar Acquires Indigo Slate, a US Based Digital Agency Markets Insider. markets.businessinsider.com. 2018-09-03. https://web.archive.org/web/20180904052548/https://markets.businessinsider.com/news/stocks/zensar-acquires-indigo-slate-a-us-based-digital-agency-1027408046. 4 September 2018. live. dmy-all.
  28. News: Zensar acquires BridgeView to expand into biopharma, life sciences industry Business Standard. www.business-standard.com/. 2024-07-18. https://web.archive.org/web/20180904052548/https:///www.business-standard.com/industry/news/zensar-acquires-bridgeview-to-expand-into-biopharma-life-sciences-industry-124071700974_1.html. 4 September 2018. live. dmy-all.
  29. Web site: Zensar - Think Velocity. 2021-08-27. www.zensar.com. en.
  30. Web site: Zensar named Niche Player in 2019 Gartner Magic Quadrant for Managed Mobility Services, Global . Business Standard . 25 July 2019 . 20 March 2020.
  31. Web site: With 30% Earnings Growth, Did Zensar Technologies Limited Outperform The Industry?. Yahoo! News . 11 July 2019 . 27 March 2020.
  32. Web site: 7 Executives, 52 Companies and 137 Products Win 2021 BIG Innovation Award. 2021-08-27. Business Intelligence Group. en-US.
  33. Web site: Zensar wins at the 11th Annual Aegis Graham Bell Awards; stock gains 2%. 2021-08-27. www.indiainfoline.com. en.

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