Mphasis provides a suite of application development and maintenance services, infrastructure outsourcing services and business & knowledge process outsourcing solutions to clients around the world.
Mphasis Limited was incorporated in 10th of August 1992, the company was formed after the merger of the US-based IT consulting company Mphasis Corporation and the Indian IT services company BFL Software Limited.
Mphasis signed a long-term software development agreement with the US-based Compaq Corporation in the year 1997 and in the same year Mphasis had set up a dedicated software development centre for the US-based Lanier Worldwide, specializing in medical documentation management.
During the year 1999, Mphasis launched its first healthcare product in the international market and also in the identical period, signed an agreement with Net Communications, a subsidiary of Net-card Corporation Berhad of Malaysia, for a joint venture.
The Company had changed its name to Mphasis BFL Limited in the year 2000.
In the year 2006, The International Association of Outsourcing Professionals (IAOP) had named MphasiS in the Global Outsourcing 100 List.
Since June 2006, the group became a subsidiary of Electronic Data Systems Corporation (EDS). The name of the company was changed from Mphasis BFL Ltd to Mphasis Ltd with effect from 24th November of the year 2006.
In 2008, Hewlett Packard (HP) acquired EDS. Consequently, Mphasis became a subsidiary of Hewlett Packard (HP).
In 2016, Blackstone, the world’s leading private equity (PE) firm acquired Hewlett Packard Enterprise’s 60.5% stake in Mphasis. It was largest acquisition by Blackstone in India till date.
As on 31 March 2018, the Company has subsidiaries in Australia, Belgium, Canada, France, Germany, India, Ireland, Mauritius, Netherlands, People’s Republic of China, Philippines, Poland, Singapore, the United Kingdom and the United States of America.
Mphasis limited is a Mid Cap company with a market capital of Rs 15245.57 Crore.The company’s CEO is Mr. Nitin Rakesh and by the end of 31-03-2020, the company has a total of 186,535,807 shares outstanding.
If you find any mistake please contact the email@example.com. This article is general in nature. It does not constitute a recommendation to buy and sell any stock, and does not take account of your objectives, or your financial situation. Largecapindia has no position in the stocks mentioned.
Largecapindia aim to bring you long term focused research analysis driven by fundamental thanks you.
For More Info : https://www.largecapindia.com