Genpact

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General Electric Co.
Public
Traded as NYSEG
Industry IT, Software Development, Application Performance Management
Founded 1998
Key people
Tiger Tyagarajan (President and CEO)
Revenue Increase $ 4.46 billion (2016)
Number of employees
75,000 (2015)
Website www.genpact.com

Genpact is a global business process management and services and IT corporation[1] with key offices in New York City, United States.[2] It’s listed on the New York Stock Exchange under the symbol G.[3][4]

In 2015, the company reported net revenues of US$2.46 billion with more than 70,000 employees in 25 countries.[5] Genpact has a few hundred clients, including approximately one-fifth of the Fortune Global 500.[6]

It was founded in 1997 as a business unit within General Electric. In January 2005, Genpact became an independent company and in August 2007 publicly traded.[7] Bain Capital became its largest shareholder in November 2012.[8]

In 2015, Business Today ranked Genpact second in its BPO, KPO, and ITES category[clarification needed] and 21st in its overall category for “Top 25 Best Companies to Work For” in India.[9] In 2016, CareerBliss ranked Genpact 23rd in its “Top 50 Happiest Companies in America”.[10]

History[edit]

Genpact began in 1997 as a business unit within General Electric. Its charter was to provide business process services to GE's businesses, with the goal of enabling outstanding efficiencies. During the eight years that followed, Genpact began to manage a wide range of processes across GE's financial services and manufacturing businesses.

In January 2005, Genpact became an independent company and began to serve clients outside of GE. The company name, Genpact, is designed to convey the business impact it generates for its clients. In August 2007, Genpact was listed on the NYSE under the symbol 'G'. Since then the company has grown from 32,000 employees and revenue of US$823 million, to 65,000+ employees and revenues of US$2.1 billion (2013).

Bain Capital became the firm's largest shareholder in November 2012.

Executive leadership[edit]

On June 17, 2011, NV “Tiger” Tyagarajan[11] became the president and chief executive officer (CEO) of Genpact and was appointed to the Board of Directors.[12] He had served as chief operating officer of Genpact. He succeeded Pramod Bhasin, who stepped down as CEO and member of the board and became non-executive vice chairman of the company.[13]

Tyagarajan had been CEO of Genpact from 1999 to 2002, when he led the business through a critical growth phase as a subsidiary of GE.[14] When Genpact became an independent company, he rejoined Genpact from GE Capital U.S. as executive vice president of sales and business development from 2005 to 2009. Thereafter, he took on the role of Genpact’s chief operating officer.

See also[edit]

References[edit]

  1. ^ "Outsourcer Genpact Rebuilds In GE's Shrinking Shadow". Investor’s Business Daily. 6 February 2016. Retrieved 23 June 2016. 
  2. ^ "Genpact - Google Maps". Google. 23 June 2016. Retrieved 23 June 2016. 
  3. ^ "New York Stock Exchange: G". nyse.com. 23 June 2016. Retrieved 23 June 2016. 
  4. ^ "Genpact Profile - Yahoo Finance". Yahoo.com. 23 June 2016. Retrieved 23 June 2016. 
  5. ^ "Genpact 2015 Annual Report". Genpact Investor Relations. 31 December 2015. Retrieved 23 June 2016. 
  6. ^ "NASDAQ Stock Report". nasdaq.com. 23 June 2016. Retrieved 23 June 2016. 
  7. ^ "Outsourcer Genpact Rebuilds In GE's Shrinking Shadow". Investor’s Business Daily. 6 February 2016. Retrieved 23 June 2016. 
  8. ^ "Bain Capital Agrees to Purchase Stake in Genpact for $1 Billion". Bloomberg Technology. 1 August 2012. Retrieved 23 June 2016. 
  9. ^ "Shaking Up the Workplace". Business Today. 13 March 2016. Retrieved 23 June 2016. 
  10. ^ "CareerBliss 50 Happiest Companies in America for 2016". CareerBliss.com. 3 December 2015. Retrieved 23 June 2016. 
  11. ^ "Tiger Tyagarajan of Genpact: If You're Curious, You Hold the Keys". The New York Times. 12 July 2014. Retrieved 6 August 2014. 
  12. ^ "NV "Tiger" Tyagarajan to Succeed Pramod Bhasin as CEO of Genpact". Bloomberg. 16 May 2011. Retrieved 6 August 2014. 
  13. ^ "Pramod Bhasin to step down as Genpact CEO, NV Tyagarajan to take over". The Economic Times. 17 May 2011. Retrieved 6 August 2014. 
  14. ^ "NV "Tiger" Tyagarajan". The Wall Street Journal - CEO Council. 2013. Retrieved 6 August 2014. 

External links[edit]