Hinduja Global Solutions to acquire major stake in Mphasis

New Delhi, (IANS) IT services provider Mphasis on Tuesday said it has signed a definitive agreement with Hinduja Global Solutions (HGS) to transfer a significant portion of its domestic business.

The agreement facilitating the transfer is subject to regulatory approvals.

“Focus and specialisation will be key to success in the new digital world. I am happy to see that with this agreement, Mphasis will further intensify our focus in Digital, Governance Risk and Compliance (GRC), Application Maintenance Services (AMS) and Infrastructure Services (IS). HGS’ specialisation will bring excellent value to the in-scope domestic customers and employees in India,” Mphasis CEO Ganesh Ayyar said in a statement.

However, the company has assured of no loss of jobs as a result of the transfer of business, stating its employees to “have found a new home in HGS and will play a pivotal role in augmenting their India footprint”.

“A dedicated unit has been set up to ensure smooth transfer for all employees. There would be no loss of jobs or headcount reduction,” said Mphasis’ chief human resources officer and head, emerging geographies business unit Elango R.

Speaking about the agreement, HGS CEO Partha De Sarkar said: “We see an environment of bullishness in India where companies are getting back into investment mode and looking for ways to enable higher growth.”

He said the resulting acquisition is opportunistic and fits well into his company’s growth plans.

“It adds scale and a wider footprint even as we enhance our capabilities and gain an outstanding team of domain specialists to cater to our clientele,” he said.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here