imported>Heyheydoneinajiffy: Updated acquisition details, latest revenue numbers and some recent award wins

2021-08-27T07:00:41Z

Updated acquisition details, latest revenue numbers and some recent award wins

New page

{{Use Indian English|date=August 2021}}
{{Use dmy dates|date=January 2014}}
{{Infobox company
| name = Zensar Technologies Ltd
| logo = Zensar_Technologies_RPG_lockup_new.png
| type = [[Public company|Public]]
| traded_as = {{Plainlist|
* {{BSE|504067}}
*{{NSE|ZENSARTECH}}
* [[S&P]] BSE 500 component
* Nifty 500 component
}}
| industry = [[IT services]]
| key_people = Ajay S. Bhutoria<br /> CEO and [[Managing Director]]
| services = [[Digital supply chain]], [[artificial intelligence]], [[cloud infrastructure]], [[data management]], [[enterprise applications]]
| revenue = {{increase}}{{USD|494.0 million}} {{small|(2021)}}<ref name=zensar1>{{cite web | url = https://www.zensar.com/about/pr-news/zensar-reports-274-yoy-growth-pat-fy21-0}}</ref>
| num_employees = 10000+ (2020)
| parent = [[RPG Group]]
| website = {{url|www.zensar.com}}
| caption =
| predecessor = [[International Computers Limited]] India
| foundation = 1991<ref name=Natarajan>{{cite book|author1=Ganesh Natarajan|author2=Prameela Kalive|title=From Start-Up to Global Success: The Zensar Story|url=https://books.google.com/books?id=imIlDAAAQBAJ|date=26 January 2016|publisher=SAGE Publications|isbn=978-93-5150-862-5}}</ref>
| location = [[Pune, India]]
}}
'''Zensar Technologies Limited''' is an Indian [[publicly traded]] software and services company.<ref name = economict>{{cite web | url = https://economictimes.indiatimes.com/tech/information-tech/ajay-bhutoria-to-take-over-as-zensar-ceo/articleshow/79690943.cms | publisher = Economic Times | title = Ajay Bhutoria to take over as Zensar CEO| access-date = 25 January 2021}}</ref> The company's stock trades on the [[Bombay Stock Exchange]] and on the [[National Stock Exchange of India]].<ref name = bse>{{cite web | url = https://www.bseindia.com/stock-share-price/zensar-technologies-ltd/zensar-tech/504067/ | publisher = Bombay Stock Exchange | title = Zensar Technologies Stock | access-date = 18 February 2020}}</ref> A subsidiary of [[RPG Group]], the company's chairman is [[Harsh Goenka]].<ref name = businesstoday/>

==History==
Zensar traces its origin to 1922 when a [[United Kingdom|British]] [[original equipment manufacturer|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 [[International Computers Limited|ICL]], and was re-named 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 |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.<ref name="Natarajan" /> Ganesh Natarajan became CEO in 2001, beginning a 15-year tenure.<ref name="Mumbai-Gold">{{cite web |url=http://www.iitb.ac.in/alumni/en/awards/2017/distinguished-alumnus/dr-ganesh-natarajan|title=Alumni and Corporate Relations|id=Dr. Ganesh Natarajan|website=Indian Institute of Technology Bombay|access-date=13 October 2013 |archive-url= https://web.archive.org/web/20181013163657/http://www.iitb.ac.in/alumni/en/awards/2017/distinguished-alumnus/dr-ganesh-natarajan|archive-date=13 October 2018|url-status=live|df=dmy-all}}</ref> From 2000 to 2005, the company focused on [[application management]] for its clients.<ref name="startupzensar">{{cite book | publisher = SAGE Publications India | url = https://books.google.com/books?id=imIlDAAAQBAJ | title = From Start-Up to Global Success: The Zensar Story |date = 26 January 2016|isbn = 9789351508625| access-date = 20 March 2020}}</ref> 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<ref name="Bhide-thesis">{{cite thesis|type=PhD|first1=Sachin Mohan|last1=Bhide|title=Study of change in composition and direction of exports by information technology companies in and around Pune |publisher=Savitribai Phule Pune University|date=2012|others=guide: Dr. M. R. Tambe|chapter=CHAPTER 6: Zensar Technologies Ltd. Case Study |chapter-url=http://shodhganga.inflibnet.ac.in:8080/jspui/bitstream/10603/185937/20/14_chapter%206.pdf |url=http://shodhganga.inflibnet.ac.in:8080/jspui/handle/10603/185937 |url-status=live|archive-url=https://web.archive.org/web/20181014024059/http://shodhganga.inflibnet.ac.in:8080/jspui/bitstream/10603/185937/20/14_chapter%206.pdf|archive-date=14 October 2018|df=dmy-all}}</ref> and at the end of the 2019 financial year earned revenues of over US$550 million.<ref name="zensar1" /><ref name="ForbesI-20170418">{{cite news|title=Zensar Technologies: On the digital highway|work=Forbes India|first1 =Aveek|last1=Datta|date=27 March 2019|url=http://www.forbesindia.com/article/boardroom/zensar-technologies-on-the-digital-highway/46707/1 |url-status= live| archive-url=https://web.archive.org/web/20180320225158/http://www.forbesindia.com/article/boardroom/zensar-technologies-on-the-digital-highway/46707/1|archive-date=20 March 2018|df=dmy-all}}</ref>

Sandeep Kishore was named Zensar's [[CEO]] in 2016, taking over from Ganesh Natarajan,<ref name="Mint-Kishore-1">{{Cite news|url=https://www.livemint.com/Companies/uFfhunnEhRZKZXJYjnBEYJ/Zensar-appoints-HCLs-Sandeep-Kishore-as-CEO-and-MD.html|title=Zensar appoints HCL's Sandeep Kishore as CEO and MD|last=Sanjai|first=P.R.|date=2015-12-14|publisher=HT Media Ltd|website=Livemint|access-date=2018-10-11|archive-url=https://web.archive.org/web/20181011214449/https://www.livemint.com/Companies/uFfhunnEhRZKZXJYjnBEYJ/Zensar-appoints-HCLs-Sandeep-Kishore-as-CEO-and-MD.html|archive-date=11 October 2018|url-status=live|df=dmy-all}}</ref><ref name="Mumbai-Gold"/> with Zensar Technology backers being [[RPG Enterprises]]. In 2015, [[Apax Partners|APAX Portfolio Company]] acquired a stake in Zensar from Electra Partners Mauritius.<ref name="ForbesI-20170418"/><ref name = businesstoday>{{cite web | url = https://www.businesstoday.in/current/corporate/apax-partners-backed-firm-buys-stake-in-zensar-technologies/story/224637.html | publisher = Business Today | title = Apax Partners-backed firm buys 23.2% in Harsh Goenka's Zensar Technologies| access-date = 20 March 2020}}</ref>

{{Asof|October 2018}}, Zensar Technologies has offices in over 20 countries.<ref name="NDTV">{{cite web|url=https://www.ndtv.com/business/stock/zensar-technologies-ltd_zensartech/reports|title=Zensar Technologies Ltd.|id=Reports - History|website=NDTV Profit|access-date=14 October 2018|url-status=live|archive-url=https://web.archive.org/web/20181014173807/https://www.ndtv.com/business/stock/zensar-technologies-ltd_zensartech/reports|archive-date=14 October 2018|df=dmy-all}}</ref> It is listed on both the [[National Stock Exchange of India]] (NSE) and the Bombay Stock Exchange (BSE) and is a component of several [[Stock market index|indices]] including the NSE's Nifty 500 and the S&P BSE 500.<ref name="ET-Zensar-20181013">{{cite web|url=https://economictimes.indiatimes.com/zensar-technologies-ltd/infocompanylisting/companyid-13597.cms |website=The Economic Times|title=ET Markets|id=Zensar Technologies Ltd |archive-url= https://web.archive.org/web/20181013045552/https://economictimes.indiatimes.com/zensar-technologies-ltd/infocompanylisting/companyid-13597.cms|archive-date=13 October 2018|url-status=dead|df=dmy-all}}</ref> In December 2020, Ajay S. Bhutoria was named Zensar's CEO.<ref name = economict/>

Zensar’s business is spread between [[North America]], [[United Kingdom]], parts of [[Europe]] and [[South Africa]].<ref name = economictimes>{{cite web | url = https://economictimes.indiatimes.com/tech/ites/zensars-financial-services-focus-pays-off-in-south-africa/articleshow/71789707.cms | publisher = Economic Times | title = Zensar's financial services focus pays off in South Africa| access-date = 20 March 2020}}</ref> Zensar’s teams work out of 33 global locations, including offices of acquired entities. Its primary business involves providing digital and technology solutions to global customers.

==Acquisitions==
The following is a list of acquisitions made by Zensar since 2005.

{| class="wikitable sortable"
|+ style="text-align: left;" | {{nowrap|Ventures}}
|-
! Venture !! Date !! Company !! Value !! Location base !! Capabilities added
|-
|Acquisition
|2021
|M3bi
|N/A
|US
|Capabilities strengthened in Data Engineering and Advanced Analytics, Advanced Engineering and Experience Services. Strengthens BFSI and other verticals <ref>{{Cite news|title=Zensar acquires M3bi for $33 million|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/information-tech/zensar-acquires-m3bi-for-33-million/articleshow/82658165.cms|access-date=2021-06-03}}</ref>
|-
| Acquisition || 2018 || Cynosure INC || US$33m || US || Guidewire capabilities. Entry into Property and Casualty Insurance sector. Core system modernization <ref>{{Cite news|url=https://economictimes.indiatimes.com/tech/ites/zensar-to-acquire-cynosure-for-33-mn/articleshow/63400515.cms|title=Zensar to acquire Cynosure for $33 mn|date=2018-03-21|work=The Economic Times|access-date=2018-05-09|archive-url=https://web.archive.org/web/20180509220338/https://economictimes.indiatimes.com/tech/ites/zensar-to-acquire-cynosure-for-33-mn/articleshow/63400515.cms|archive-date=9 May 2018|url-status=live|df=dmy-all}}</ref>
|-
| Acquisition || 2007 || ThoughtDigital || US$24.9m || US ||<ref name="ThinkGold">{{cite news|url=https://economictimes.indiatimes.com/tech/software/zensar-buys-thoughtdigital/articleshow/1670527.cms|title=Zensar buys Thoughtdigital|date=24 February 2007|access-date=10 February 2019|newspaper=The Economic Times (IndiaTimes)|url-status=live|archive-url=https://archive.today/20190210152657/https://economictimes.indiatimes.com/tech/software/zensar-buys-thoughtdigital/articleshow/1670527.cms|archive-date=10 February 2019|df=dmy-all}}</ref>
|-
| [[Joint Venture]] || 2013 || EZA || N/A || Tokyo || Formed Zensar Advanced Technologies<ref name="BS-EZA">{{cite news|url=https://www.business-standard.com/article/technology/zensar-tech-in-jv-with-tokyo-firm-107040501089_1.html|newspaper=Business Standard, India|date=5 February 2013|access-date=10 February 2019|title=Zensar Tech in JV with Tokyo firm|url-status=live|archive-url=https://web.archive.org/web/20190210173348/https://www.business-standard.com/article/technology/zensar-tech-in-jv-with-tokyo-firm-107040501089_1.html|archive-date=10 February 2019|df=dmy-all}}</ref><ref name="MCA1">{{cite news|url=http://www.moneycontrol.com/annual-report/zensartechnologies/directors-report/ZT02|title=Director's report on Zensar Advanced technologies|access-date=11 November 2009|archive-url=https://web.archive.org/web/20091130174610/http://www.moneycontrol.com/annual-report/zensartechnologies/directors-report/ZT02|archive-date=30 November 2009|url-status=dead|df=dmy-all}}</ref>
|-
| Acquisition || 2005 || OBT global || N/A || Hyderabad || <ref>{{cite news |url=http://www.siliconindia.com/shownews/Zensar_acquires_OBT_Global-nid-30229.html |title = Zensar Acquires OBT Global}}</ref>
|-
| Acquisition || 2010 || Akibia Inc || US$100m || [[Westborough, Massachusetts]] || <ref name="htanna">{{cite web|title=Zensar Technologies acquires Akibia Inc.|url=http://www.equitybulls.com/admin/news2006/news_det.asp?id=83876|work=added acquisition|access-date=24 November 2010|archive-url=https://web.archive.org/web/20110710195436/http://www.equitybulls.com/admin/news2006/news_det.asp?id=83876|archive-date=10 July 2011|url-status=live|df=dmy-all}}</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/tech/ites/zensar-acquires-us-it-slotion-firm-akibia-for-66-million/articleshow/6970714.cms|title=Zensar acquires US IT slotion firm Akibia for $66 million|date=2010-11-23|work=The Economic Times|access-date=2019-11-12}}</ref><ref name="WBJ">{{Cite web|last=Pilon|first=Matt|date=2013-06-18|title=Post-Acquisition, Akibia Is Fully Assimilated|url=http://www.wbjournal.com/article/20130618/METROWEST01/130619949|access-date=2019-11-07|website=EBJ}}</ref>
|-
| Acquisition || 2014 || Professional Access Inc || N/A || New York || <ref>{{cite web|url=http://www.zensar.com/zensar-media/press-releases/2206-zensar-technologies-inc-acquires-professional-access-inc|title=Zensar Technologies Inc. acquires Professional Access Inc.|access-date=30 January 2016|archive-url=https://web.archive.org/web/20160304084331/http://www.zensar.com/zensar-media/press-releases/2206-zensar-technologies-inc-acquires-professional-access-inc|archive-date=4 March 2016|url-status=dead|df=dmy-all}}</ref>
|-
| Acquisition || 2016 || Foolproof, Inc. || N/A || London || User Interface, User Experience Strategy & Planning
Design and create digital products for customers.<ref name="Fool">{{cite web|url=http://www.foolproof.co.uk/media/569926/Foolproof-acquired-by-Zensar_Nov-2-2016_Final.pdf|title=Foolproof acquired by Zensar Technologies|access-date=2 November 2016|archive-url=https://web.archive.org/web/20161104044720/http://www.foolproof.co.uk/media/569926/Foolproof-acquired-by-Zensar_Nov-2-2016_Final.pdf|archive-date=4 November 2016|url-status=dead|df=dmy-all}}</ref>
|-
| Acquisition || 2017 || Keystone Logic || N/A || US ||[[Omnichannel]] retail order and warehouse management<ref>{{Cite news|url=https://www.business-standard.com/article/companies/zensar-technologies-to-acquire-keystone-logic-for-rs-132-cr-117033001024_1.html|title=Zensar Technologies to acquire Keystone Logic for Rs 132 cr|last=Pramanik|first=Ayan|date=2017-03-31|work=Business Standard India|access-date=2019-01-31}}</ref><ref>{{cite web|url=http://www.zensar.com/about-us/media/press-release/zensar-acquires-keystone-logic|title=Keystone Logic acquired by Zensar Technologies|access-date=4 April 2017|archive-url=https://web.archive.org/web/20170406141326/http://www.zensar.com/about-us/media/press-release/zensar-acquires-keystone-logic|archive-date=6 April 2017|url-status=live|df=dmy-all}}</ref>Digital Supply Chain, Direct to Consumer fulfilment – Order Management, Warehouse Management expertise. Supply Chain Competency – Implement, Engineer, Optimize, Support
|-
| Acquisition || 2018 || Indigo Slate || US$18m|| US || Digital marketing services. CX, UX, Design & Content Development capabilities. High-quality digital studio and local CX/UX presence in the US <ref>{{Cite news|url=https://markets.businessinsider.com/news/stocks/zensar-acquires-indigo-slate-a-us-based-digital-agency-1027408046|title=Zensar Acquires Indigo Slate, a US Based Digital Agency {{!}} Markets Insider|work=markets.businessinsider.com|access-date=2018-09-03|archive-url=https://web.archive.org/web/20180904052548/https://markets.businessinsider.com/news/stocks/zensar-acquires-indigo-slate-a-us-based-digital-agency-1027408046|archive-date=4 September 2018|url-status=live|df=dmy-all}}</ref>
|-
|}

==Locations==
Zensar has offices in 33 global locations. <ref>{{Cite web|title=Zensar - Think Velocity|url=https://www.zensar.com/about|access-date=2021-08-27|website=www.zensar.com|language=en}}</ref>

{| class="wikitable sortable"
|+ style="text-align: left;" | {{nowrap|List of subsidiaries}}
|-
! 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
|-
|}

== 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]].<ref name = gartner>{{cite web | url = https://www.business-standard.com/article/news-cm/zensar-named-niche-player-in-2019-gartner-magic-quadrant-for-managed-mobility-services-global-119072501224_1.html | publisher = Business Standard | title = Zensar named Niche Player in 2019 Gartner Magic Quadrant for Managed Mobility Services, Global | access-date = 20 March 2020}}</ref> The company is often quoted by analysts in [[Trade magazine|industry media]] for its expertise on enterprise IT spending, [[research]] [[consulting]] and [[Consultant|advisory services]].<ref name = yahoonews>{{cite web | url = https://finance.yahoo.com/news/30-earnings-growth-did-zensar-001814300.html | publisher = Yahoo! News | title = With 30% Earnings Growth, Did Zensar Technologies Limited Outperform The Industry?| access-date = 27 March 2020}}</ref>

The company won the 2021 BIG Innovation Award for Technology. <ref>{{Cite web|title=7 Executives, 52 Companies and 137 Products Win 2021 BIG Innovation Award|url=https://www.bintelligence.com/blog/2021/1/12/7-executives-52-companies-and-137-products-win-2021-big-innovation-award|access-date=2021-08-27|website=Business Intelligence Group|language=en-US}}</ref> The company also won at the 11th Annual Aegis Graham Bell Awards under the AI-Powered Innovation for Enterprise category. <ref>{{Cite web|title=Zensar wins at the 11th Annual Aegis Graham Bell Awards; stock gains 2%|url=https://www.indiainfoline.com/article/news-top-story/zensar-wins-at-the-11th-annual-aegis-graham-bell-awards-stock-gains-2-121030900215_1.html|access-date=2021-08-27|website=www.indiainfoline.com|language=en}}</ref>

==See also==
* [[List of public listed software companies of India]]

==References==
{{Reflist|2}}

==External links==
*{{Official website|http://www.zensar.com/}}

{{Authority control}}

{{DEFAULTSORT:Zensar}}
[[Category:Companies based in Pune]]
[[Category:Software companies established in 1991]]
[[Category:Information technology consulting firms of India]]
[[Category:RPG Group]]
[[Category:Software companies of India]]
[[Category:Indian companies established in 1991]]
[[Category:1991 establishments in Maharashtra]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Zensar Technologies - Revision history

imported>Heyheydoneinajiffy: Updated acquisition details, latest revenue numbers and some recent award wins