Jump to content

Zensar Technologies

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Stevethomas4 (talk | contribs) at 08:48, 13 May 2019. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Zensar Technologies Ltd
Company typeListed Public company (BSE: 504067; NSE: ZENSARTECH)
BSE: 504067
IndustryIT Services
Founded1991[1]
HeadquartersPune, India
Key people
  • Sandeep Kishore,
    CEO and MD
ServicesDigital Supply Chain
Revenue$566.9 million (2019)
Number of employees
11000+ (2019)
ParentRPG Group
Websitewww.zensar.com
  1. ^ Cite error: The named reference Natarajan was invoked but never defined (see the help page).
remove straight advertising from the caption
A gambling demonstration at the Zensar stand at an outsourcing summit in London in 2009

Zensar Technologies Limited is a software and services company with offices in over eighteen countries.

History

Although, the company named Zensar was created in 2001, its roots can be traced back much earlier. In 1922, a British firm established a manufacturing unit in Pune and this firm eventually evolved to become the Indian manufacturing arm of ICL and was named ICIM (International Computers Indian Manufacture). In 1963, ICIM listed on the Bombay stock exchange. In 1991, ICIM created a subsidiary company named ICIL, with a focus on software. In 1999, the original hardware division of the parent company was shut down leaving ICIM/ICIL as a pure software company. In February 2000, the company renamed to "Zensar".[1]

Ganesh Natarajan became CEO in 2001 for what was to become a 15-year tenure.[2]

By about 2012 Zensar had approximately 6000 employees servicing 400 companies over 20 global locations,[3]: 88  and at the end of the 2016 financial year had built up to a turnover of USD 450 million.[4]

Sandeep Kishore took over as CEO in 2016, taking over from Ganesh Natarajan, [5][2] with Zensar Technology backers being RPG Enterprises and the APAX Portfolio Company by this point.[4]

As of October 2018 Zensar Technologies has offices in over 18 countries.[6] It is listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) and is present on several indices including the NSE's Nifty 500 and the S&P BSE 500.[7]

Acquisitions and subsidiaries

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

Ventures
Venture Date Company Value Location base Description
Acquisition 2018 Cynosure INC US$33m US For leverage of insurance and Guidewire practice.[8]
Acquisition 2007 ThoughDigital US$24.9m [9]
Joint Venture EZA Tokyo Formed Zensar Advanced Technologies[10][11]
Acquisition 2005 OBT global Hyderabad [12]
Acquisition Akibia Inc US$100m [13]
Acquisition 2014 Professional Access Inc New York [14]
Acquisition 2016 Foolproof Inc London [15]
Acquisition 2017 Keystone Logic Omnichannel retail order and warehouse management[16] [17]
Acquisition 2018 Indigo Slate [18]

Zensar has offices in over eighteen countries and has also opened subsidiaries as follows:

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
Zensar Technologies Ltd. Kenya-Nairobi
Zensar Technologies (Shanghai) Co. Ltd China
Zensar Technologies Ltd. Australia

Litigation

In September 2000, Zensar filed criminal proceedings against a former CEO and a former executive officer relating to matters after they had left the company. Further complaints where filed against Nedcor Bank Ltd and Nihilent Technologies Pvt Ltd in the Pune court in November 2000.[19]

See also

References

  1. ^ Ganesh Natarajan; Prameela Kalive (26 January 2016). From Start-Up to Global Success: The Zensar Story. SAGE Publications. ISBN 978-93-5150-862-5.
  2. ^ a b "Alumni and Corporate Relations". Indian Institute of Technology Bombay. Dr. Ganesh Natarajan. Archived from the original on 13 October 2018. Retrieved 13 October 2013. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  3. ^ Bhide, Sachin Mohan (2012). "CHAPTER 6: Zensar Technologies Ltd. Case Study" (PDF). Study of change in composition and direction of exports by information technology companies in and around Pune (PhD). guide: Dr. M. R. Tambe. Savitribai Phule Pune University. Archived from the original (PDF) on 14 October 2018. {{cite thesis}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  4. ^ a b Datta, Aveek (18 April 2017). "Zensar Technologies: On the digital highway". Forbes India. Archived from the original on 20 March 2018. {{cite news}}: Cite has empty unknown parameter: |1= (help); Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  5. ^ Sanjai, P.R. (14 December 2015). "Zensar appoints HCL's Sandeep Kishore as CEO and MD". Livemint. HT Media Ltd. Archived from the original on 11 October 2018. Retrieved 11 October 2018. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  6. ^ "Zensar Technologies Ltd". NDTV Profit. Reports - History. Archived from the original on 14 October 2018. Retrieved 14 October 2018. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  7. ^ "ET Markets". The Economic Times. Zensar Technologies Ltd. Archived from the original on 13 October 2018. {{cite web}}: Cite has empty unknown parameter: |1= (help); Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  8. ^ "Zensar to acquire Cynosure for $33 mn". The Economic Times. 21 March 2018. Archived from the original on 9 May 2018. Retrieved 9 May 2018. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  9. ^ "Zensar buys Thoughtdigital". The Economic Times (IndiaTimes). 24 February 2007. Archived from the original on 10 February 2019. Retrieved 10 February 2019. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  10. ^ "Zensar Tech in JV with Tokyo firm". Business Standard, India. 5 February 2013. Archived from the original on 10 February 2019. Retrieved 10 February 2019. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  11. ^ "Director's report on Zensar Advanced technologies". Archived from the original on 30 November 2009. Retrieved 11 November 2009. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  12. ^ "Zensar Acquires OBT Global".
  13. ^ "Zensar Technologies acquires Akibia Inc". added acquisition. Archived from the original on 10 July 2011. Retrieved 24 November 2010. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  14. ^ "Zensar Technologies Inc. acquires Professional Access Inc". Archived from the original on 4 March 2016. Retrieved 30 January 2016. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  15. ^ "Foolproof acquired by Zensar Technologies" (PDF). Archived from the original (PDF) on 4 November 2016. Retrieved 2 November 2016. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  16. ^ Pramanik, Ayan (31 March 2017). "Zensar Technologies to acquire Keystone Logic for Rs 132 cr". Business Standard India. Retrieved 31 January 2019.
  17. ^ "Keystone Logic acquired by Zensar Technologies". Archived from the original on 6 April 2017. Retrieved 4 April 2017. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  18. ^ "Zensar Acquires Indigo Slate, a US Based Digital Agency | Markets Insider". markets.businessinsider.com. Archived from the original on 4 September 2018. Retrieved 3 September 2018. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  19. ^ Singh, Namrata; Sircar, Subhadip (23 November 2000). "Zensar Tech files criminal case against former CEO". Indian Express Group of Newspapers. Archived from the original on 2 April 2018. {{cite news}}: Cite has empty unknown parameter: |1= (help); Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
Cite error: A list-defined reference named "ANNREP2018" is not used in the content (see the help page).
Retrieved from "https://en.wikipedia.org/w/index.php?title=Zensar_Technologies&oldid=896857782"