Subscribe to Fortune’s Data Sheet newsletter, a daily download on the business of technology. 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). Tech Mahindra emerged as the frontrunner[14] before it decided to pull out in order to avoid a bidding war with other companies. Offers may be subject to change without notice. All rights reserved. This year's Fortune 500 marks the 66th running of ... CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. [16], On 29 Jan 2017, Nitin Rakesh joined Mphasis as the Chief Executive Officer and Director. Mphasis was ranked #7 in India IT companies and overall #189 by Fortune India 500 … [3] In April 2016, Hewlett Packard Enterprise sold the majority of its stake in Mphasis to Blackstone Group LP for around US$1 billion. The markets served by the company are financial services and insurance, healthcare, manufacturing, government, transportation, communications, and consumer and retail industries.
Methodology. Offers may be subject to change without notice. Mphasis operated as an independent HP subsidiary with its own board and continued to be listed on Indian markets as "Mphasis Limited". It serves financial services, telecom, logistics, and technology industries. [18], Mphasis provides information technology services to its customers around the world. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Info | Ad Choices MphasiS - Get the 2018 Fortune India 500 list. Hurd had played a crucial role in generating sales for the company, often serving as Oracle's public face. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. [6]) and the Indian IT services company BFL Software Limited (founded in 1992). Already down 13%, Big Tech stocks have plenty more room to fall, analysts say, The Trump administration’s TikTok policy is incoherent, COVID lockdown fears and bank woes slam the global markets, Trump approves TikTok deal involving Oracle, ending international standoff, The new TikTok-Oracle company named ‘TikTok Global’ plans to go public in a year. [17] On 07 Aug 2018 Mphasis Board announced buyback offer for its shareholders at an approximate premium of 17.4%. Market data provided by Interactive Data. Terms & Conditions. Chairman, President & Chief Executive Officer, CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html, Total Return to Investors (5 year, annualized), Total Return to Investors (10 year, annualized). 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. The application services offered by the company includes application development as well as applications maintenance and support services. ... RANK 314. Find the revenue, profit and Other financial information for MphasiS on Fortuneindia.com [15] 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. Mphasis - Get the 2017 Fortune India 500 list. [7], In June 2006 Electronic Data Systems (EDS) purchased a controlling stake in the company (42%) for $80 million and operated the company as an independent EDS unit.[8]. [11], Mphasis marked $1 billion in revenues and registered a consolidated revenue of Rs50.37 billion ($1,099.3 million) for the year ended 31 October 2010 becoming the sixth Indian IT company to do that. FORTUNE may receive compensation for some links to products and services on this website.
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