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	==See also==		==See also==
	~~{{Portal\|Companies}}~~
	* [[List of IT consulting firms]]		* [[List of IT consulting firms]]
	* [[List of Indian IT companies]]		* [[List of Indian IT companies]]

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{{short description|Indian multinational IT services company}}
{{advert|date=November 2020}}
{{Use Indian English|date=November 2016}}{{Use dmy dates|date=November 2020}}
{{Infobox company
| name = Mphasis Limited
| logo = Mphasis - The Next Applied.png
| type = [[Public company|Public]]
| traded_as = {{ubl|{{BSE|526299}}|{{NSE|MPHASIS}}}}
| foundation = {{Start date and age|1998}}
| founders = [[Jerry Rao]]<br />[[Jeroen Tas]]
| location = [[Bangalore]], India
| key_people = [[Nitin Rakesh]] CEO
| caption =
| industry = [[IT service management|IT services]], [[Information technology consulting|IT consulting]]
| services = IT, [[business consulting]] and [[outsourcing]] services
| revenue = {{INRConvert|9722|c}} (FY 21)<ref>[https://www.mphasis.com/content/dam/mphasis-com/global/en/investors/financial-results/2021/consolidated-financial-statements-group-q4-2021.pdf Mphasis Financial Report 2021]</ref>
| operating_income = {{INRConvert|1217|c}} (FY 21)<ref>[https://www.mphasis.com/content/dam/mphasis-com/global/en/investors/financial-results/2021/consolidated-financial-statements-group-q4-2021.pdf Mphasis Financial Report 2021]</ref>
| assets = {{INRConvert|5181|c}} (FY 21)<ref>[https://www.mphasis.com/content/dam/mphasis-com/global/en/investors/financial-results/2021/consolidated-financial-statements-group-q4-2021.pdf Mphasis Financial Report 2021]</ref>
| equity = {{INRConvert|6527|c}} (FY 21)<ref>[https://www.mphasis.com/content/dam/mphasis-com/global/en/investors/financial-results/2021/consolidated-financial-statements-group-q4-2021.pdf Mphasis Financial Report 2021]</ref>
| num_employees = 29,473 (June 2021)<ref name=2018res>{{cite web|title=Group Financial Overview and Trends for the Quarter ending 31 Mar 2018|url=https://www.mphasis.com/content/dam/mphasis-com/global/en/investors/financial-results/2018/q4-Group%20Overview.pdf}}</ref>
| parent = [[The Blackstone Group]] (84 %)
| subsid =
| divisions =
| homepage = {{URL|http://www.mphasis.com}}
}}

'''Mphasis Limited''' is an IT services company based in [[Bangalore]], India. The company provides infrastructure technology and applications outsourcing services, as well as architecture guidance, application development and integration, and application management services. It serves financial services, telecom, logistics, and technology industries. Mphasis was ranked #7 in India IT companies and overall #189 by [[Fortune India 500]] in 2019.<ref>{{cite web|url=http://www.mphasis.com/pdfs/FortuneRanking.pdf|title=Fortune India 500 complete list|publisher=Mphasis|date=18 December 2011|access-date=2011-12-18|url-status=dead|archive-url=https://web.archive.org/web/20120103114638/http://mphasis.com/pdfs/FortuneRanking.pdf|archive-date=3 January 2012}}</ref> In April 2016, Hewlett Packard Enterprise sold the majority of its stake in Mphasis to [[Blackstone Group]] LP for around [[US$]]1 billion.<ref>https://www.blackstone.com/media/press-releases/article/blackstone-to-acquire-a-majority-stake-in-mphasis</ref>

==History==
===Formation and early years===
Mphasis was formed in June 2000 after the merger of the US-based IT consulting company Mphasis Corporation (founded in 1998 in [[Santa Monica]] by [[Jerry Rao]]<ref>{{cite web |url=http://www.chicagobooth.edu/news/daa2006/01-rao.aspx |title= (Jerry) Rao: 2006 Distinguished Entrepreneurial Alumni Award Winner |publisher=Chicagobooth.edu |access-date=2010-08-19 |archive-url=https://web.archive.org/web/20100528133231/http://www.chicagobooth.edu/news/daa2006/01-rao.aspx |archive-date=28 May 2010 |url-status=dead}}</ref> and [[Jeroen Tas]].<ref>[http://investing.businessweek.com/research/stocks/private/person.asp?personId=924875 Jeroen Tas: Executive Profile and Biography - Business Week]</ref>) and the Indian IT services company BFL Software Limited (founded in 1992).<ref>{{cite web|url=http://www.moneycontrol.com/company-facts/mphasis/history/MB02 |title=Company History of Mphasis |publisher=Moneycontrol.com |access-date=2010-08-19}}</ref>

In June 2006 [[Electronic Data Systems]] (EDS) purchased a controlling stake in the company (42%) for $380 million and operated the company as an independent EDS unit.<ref>[http://www.business-standard.com/india/news/eds-acquires-majority-stake-in-mphasis/1706/on EDS acquires majority stake in Mphasis]</ref>

===Hewlett-Packard and Mphasis===
On 13 May 2008, [[Hewlett-Packard]] confirmed that it had reached a deal with Electronic Data Systems to acquire the company for $13.9 billion.<ref>[http://news.smh.com.au/world/hp-to-buy-eds-for-139-bln-dlrs-to-expand-services-20080514-2e2f.html HP to buy EDS for 13.9 Billion US Dollars, to expand services]</ref> The deal was completed on 26 August 2008.

In September 2009 Mphasis changed its brand identity by dropping EDS association to become "Mphasis, an HP Company" after HP retired EDS Brand to become "[[HP Enterprise Services]]". Mphasis operated as an independent HP subsidiary with its own board and continued to be listed on Indian markets as "Mphasis Limited".<ref>{{cite web |url=http://mphasis.com/pdfs/BrandingIdentity.pdf |title=Mphasis become HP Company|access-date=2010-08-19 |url-status=dead |archive-url=https://web.archive.org/web/20101126084452/http://mphasis.com/pdfs/BrandingIdentity.pdf |archive-date=26 November 2010}}</ref> HP owned close to 62% in Mphasis and Mphasis got around 50% of its revenues from HP.<ref>[http://economictimes.indiatimes.com/tech/ites/tough-time-ahead-for-mphasis-as-hewlett-packard-cut-its-sales-forecast/articleshow/16727352.cms Tough time ahead for Mphasis as Hewlett Packard cut its sales forecast]</ref>

Mphasis marked $1 billion in revenues and registered a consolidated revenue of Rs 50.37 billion ($1,099.3 million) for the year ended 31 October 2010 becoming the sixth Indian IT company to do that.<ref>{{cite news |url=http://articles.economictimes.indiatimes.com/2010-11-23/news/27592381_1_mphasis-revenue-mark-net-profit |title=Mphasis crosses $1 billion revenue mark, PAT up 20% |work=The Times of India |date=23 November 2010 |access-date=23 June 2011 |archive-url=https://archive.today/20120710070020/http://articles.economictimes.indiatimes.com/2010-11-23/news/27592381_1_mphasis-revenue-mark-net-profit |archive-date=10 July 2012 |url-status=dead}}</ref>

In February 2014, Mphasis changed its logo and the brand name as Mphasis Unleash the Next, seeking to boost business other than from parent [[Hewlett-Packard]], its largest client.<ref>{{cite web |title=MphasiS unveils new brand identity |url=https://www.thehindubusinessline.com/info-tech/mphasis-unveils-new-brand-identity/article20722290.ece1 |website=Businessline |language=en}}</ref>

On 30 June 2015, Mphasis announced the signing of a definitive agreement to transfer a significant portion of its domestic business, to [[Hinduja Global Solutions]] (HGS). On 10 July 2015, Mphasis announced it will move 2,000 employees to Karvy Data Management Services Ltd (KDMSL) as part of a deal signed to partially sell its domestic outsourcing business to Karvy.{{citation needed|date=November 2020}}

===Blackstone group – Mphasis===
In 2016, after Hewlett-Packard announced plans to sell its controlling stakes in Mphasis, three companies [[Tech Mahindra]], [[Apollo Global Management]] and [[Blackstone Group]] entered the race to acquire Mphasis. Tech Mahindra emerged as the frontrunner<ref>{{cite news|title=Tech Mahindra leads race to buy Mphasis|url=http://timesofindia.indiatimes.com/tech/tech-news/TechM-leads-race-to-buy-Mphasis/articleshow/51283351.cms|access-date=27 April 2016|work=The Times of India}}</ref> before it decided to pull out in order to avoid a bidding war with other companies.<ref>{{cite news|title=Tech Mahindra pulls out of race to acquire Mphasis|url=http://www.business-standard.com/article/companies/tech-mahindra-pulls-out-of-race-to-acquire-mphasis-116030900567_1.html|access-date=27 April 2016|work=Business Standard}}</ref> In April 2016, it was announced that Blackstone had acquired 84 percent of Hewlett-Packard's stake in Mphasis in a deal worth between $1825 million and $2.32 billion.<ref>{{cite news|title=Blackstone buys control of Mphasis|url=http://www.thehindu.com/business/Industry/blackstone-india-to-acquire-majority-stake-in-mphasis-in-a-upto-11-billion-deal/article8432367.ece|access-date=27 April 2016|work=The Hindu}}</ref>

On 29 Jan 2017, [[Nitin Rakesh]] joined Mphasis as the chief executive officer and director.<ref>{{cite web|title=Mphasis was a jewel hidden in the HP family: new CEO|url=http://timesofindia.indiatimes.com/business/india-business/mphasis-was-a-jewel-hidden-in-the-hp-family-new-ceo/articleshow/56871405.cms|website=The Times of India}}</ref> On 7 Aug 2018 Mphasis Board announced buyback offer for its shareholders at an approximate premium of 17.4%.<ref>{{cite web |title=Mphasis buyback offer opens today |url=https://www.thehindubusinessline.com/markets/stock-markets/mphasis-buyback-offer-opens-today/article25681908.ece |website=Businessline |language=en}}</ref>

In April, 2021 Blackstone committed up to $2.8 billion to acquire controlling stake in Mphasis. A wholly owned subsidiary of the [[Abu Dhabi Investment Authority]] (ADIA), UC Investments and other long-term investors will be co-investing along with Blackstone.<ref>{{cite news |title=Blackstone, other investors commit up to $2.8 billion to acquire controlling stake in Mphasis |url=https://www.thehindu.com/business/Industry/blackstone-other-investors-commit-up-to-28-billion-to-acquire-controlling-stake-in-mphasis/article34412680.ece |work=The Hindu |date=26 April 2021 |language=en-IN}}</ref>

==Services==
{{unreferenced section|date=November 2020}}
Mphasis provides information technology services to its customers around the world. Mphasis provides integrated solutions{{buzzword inline|date=June 2019}} that include business process outsourcing, infrastructure technology, and application services. The application services offered by the company includes application development as well as applications maintenance and support services. The markets served by the company are financial services and insurance, healthcare, manufacturing, government, transportation, communications, and consumer and retail industries. The markets served by the company are financial services and insurance, healthcare, manufacturing, government, transportation, communications, and consumer and retail industries.

==Offices==
[[File:Mphasis-cv-raman-nagar-bangalore.jpg|thumb|Mphasis at [[Bagmane Tech Park]], [[Bangalore]]]]
Mphasis has more than 60 sales and delivery centers in 19 countries with delivery centers in India, China, Australia, North America, UK, Japan, Singapore, Indonesia, Tunisia, Mauritius, New Zealand, Taiwan, Mexico, Costa Rica,Taiwan and Europe.<ref>[http://www.mphasis.com/ContactUs/Contact_ourOffices.html Mphasis Offices]</ref> In India it has presence with operations in Bangalore, Chennai, Pune, Hyderabad, Mumbai, Noida and Mangalore

==Acquisitions==
* Navion Software, China (2002)<ref>{{cite news|url=http://archives.infotech.indiatimes.com/news/software/Mphasis-to-acquire-Navion-Software-of-China/articleshow/26245467.cms |title=Mphasis to acquire Navion Software of China |publisher=Archives.infotech.indiatimes.com |date=25 October 2002 |access-date=2010-08-19}}</ref>
* Kshema Technologies, Bangalore, India (2004)<ref>{{cite news|url=http://www.hindu.com/2004/04/03/stories/2004040305831600.htm |archive-url=https://web.archive.org/web/20040622230637/http://www.hindu.com/2004/04/03/stories/2004040305831600.htm |url-status=dead |archive-date=22 June 2004 |title=MphasiS to acquire Kshema Technologies |date=3 April 2004 |access-date=2010-08-19 |work=[[The Hindu]] |location=Chennai, India}}</ref>
* Onida Infotech Services (Mirc Electronics SAP Division), Mumbai, India (2004)<ref>[http://www.business-standard.com/india/news/mphasis-to-buy-out-sap-divisionmirc-electronics/142823/ MphasiS to buy out SAP division of MIRC Electronics]</ref>
* Princeton Consulting, UK (2005)<ref>[http://www.financialexpress.com/news/mphasis-acquires-princeton-consulting-in-rs-60-cr-deal/127037/ MphasiS acquires Princeton Consulting in Rs 60 cr deal]</ref>
* Eldorado Computing, US (2005)<ref>{{cite news|url=https://query.nytimes.com/gst/fullpage.html?res=9C07E7D9123CF936A25750C0A9639C8B63 |title=MphasiS Buys Eldorado Computing |work=The New York Times |date=15 March 2005 |access-date=2010-08-19}}</ref>
* AIG Systems Solutions, India (2009)<ref>{{cite web|url=http://www.business-standard.com/india/news/mphasis-acquires-aig%5Cs-it-arm-in-india/70553/on |title=MphasiS acquires AIG's IT arm in India |work=Business Standard|date=12 August 2009 |access-date=2010-08-19}}</ref>
* Fortify Infrastructure Services, US (2010)<ref>{{cite web|url=https://www.pcworld.com/article/193775/hps_mphasis_buys_fortify_for_remote_services.html |title=HP's MphasiS Buys Fortify for Remote Services |publisher=Pcworld.com |date=8 April 2010 |access-date=2010-08-19}}</ref>
* Wyde Corporation, US (2011)<ref>{{cite web|url=http://www.moneycontrol.com/news/business/mphasis-paid-2-45-times-sales-for-wydecash-ceo_571222.html
|title=Mphasis paid 2-4.5 times sales for Wyde in cash: CEO |publisher=Moneycontrol.com |date=1 August 2011 |access-date=2011-08-01}}</ref>
* Digital Risk LLC, US (2012)<ref>{{cite news|url=http://zeenews.india.com/business/news/companies/mphasis-shares-surge-over-6-on-digital-risk-deal_65542.html|title=MphasiS shares surge over 6% on Digital Risk deal|access-date=3 December 2012|newspaper=Zee News|date=3 December 2012}}</ref>
*Stelligent, US (2018)<ref>{{cite news|url=https://stelligent.com/stelligent-acquired-by-mphasis|title=DevOps Automation Services Specialist Stelligent Acquired by Mphasis
|access-date=16 November 2018}}</ref>
* Datalytyx (2020)

==See also==
{{Portal|Companies}}
* [[List of IT consulting firms]]
* [[List of Indian IT companies]]
* [[Electronic Data Systems]]
* [[Hewlett-Packard]]
* [[HP Enterprise Services]]

==References==
{{reflist}}

{{Blackstone Companies}}
{{Nifty 200 companies}}

{{DEFAULTSORT:Mphasis}}
[[Category:Business process outsourcing companies of India]]
[[Category:Software companies of India]]
[[Category:The Blackstone Group companies]]
[[Category:2000 establishments in Karnataka]]
[[Category:Indian companies established in 2000]]
[[Category:Software companies established in 2000]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Mphasis - Revision history

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