Zensar announces three year strategy to double its revenue by 2013
Pune, 31st Jan, 2011
Zensar Technologies, the leading global IT and BPO services provider today announced their growth strategy for the next three years – doubling revenues through a mix of long term investments and growth-oriented initiates and substantially enhancing profits through investments in intellectual property and non linear growth avenues. Designed on a three pillar plan, the strategic growth agenda is designed will enable Zensar to reach a Rs 2000 crore revenue milestone by the year 2013.
Zensar is on track to record revenues in excess of Rs 1100 crores in the current fiscal year ending March 2011. The company’s expansion into cloud computing, analytics and new geographic markets has provided for significant opportunity for revenue growth. The development and execution of its end to end service capabilities ranging from Applications Development and Maintenance, Enterprise Services including package implementation, support and business intelligence, Transaction Processing and Voice Business Services, Strategic Services like Consulting, Testing and Infrastructure Management and end-to-end process optimisation for clients ranging from the Fortune 100 and FTSE 100 in US, UK and Asia to small start-ups in South Africa and the Middle East, has also helped in creating deep intellectual capital around vertical market adding to its specialization of creating enterprise applications for their customers.
On the determined goal set for the Company, Mr. S Balasubramanian CFO and Sr VP Zensar said, “In the journey to its first Rs 1000 crore milestone, we have built a reputation for innovation, flexibility and outstanding human resource management, recognised by the Harvard Business School case study on its pioneering Vision Community initiative and the recent Enterprise Asia Award for Innovations on HRM. Zensar has repeatedly demonstrated its capability to compete and win against much larger competitors for prestigious accounts and has succeeded in building an associate retention record that is one of the industry best.”
Dr Ganesh Natarajan - CEO and Vice Chairman of Zensar said, “Zensar is now embarking on an ambitious plan to be a global industry player by 2013. The plans include looking at accretive acquisitions in chosen areas, enhanced focus on Intellectual property creation in key verticals and focus on product and solution sales to complement the manpower intensive services offerings which will be a key component of the strategy in the years to come. The Global Delivery model which Zensar has already created is based on extensive collaborative technologies and methodologies implemented in its Centres of Pune and Hyderabad (in India), Shanghai (China) and Slough (UK) and Gdansk (Poland) will now include new centres in Jordan and Latin America which will have the same capabilities for developing a network of collaborative global delivery of solutions and services.”
The Company is being restructured on vertical lines with five global profit centres for 2011-13 being defined and leaders appointed who will take charge in April 2011. The verticals of Manufacturing, Retail, Banking and Financial Services, Insurance and Connected Services (Healthcare, Government, Utilities and Transportation) will bring significant consulting expertise on the domain and will present both solutions and services to enable customers to leverage best in class technologies and processes for competitive advantage.
About Zensar Technologies (http://www.zensar.com/)
Zensar Technologies is among the top 20 software services providers from India. Zensar is the world's first enterprise-wide SEI CMM Level 5 Company and was also later certified as a CMMI Level 5 Company with industry expertise that spans Retail, Manufacturing, Banking, Insurance, Utilities, Healthcare and Life Sciences. An RPG Group company, Zensar has more than 5500 employees with sales and operations presence across US, UK, Germany, Sweden, Middle East, South Africa, Singapore, Australia, China and Japan. The Company delivers comprehensive services in mission-critical applications, enterprise applications, e-business, BPO and Knowledge Services. The Company has developed tools and methodologies, including the proprietary Solution BluePrint (SBP), which enables its clients with innovative business solutions and a rapid ‘go-to-market’ capability. The Company supports Fortune 500 clients with software business solutions that help them compete in the digital economy.
About RPG Enterprises (http://www.rpggroup.com/)
RPG Enterprises is one of India's largest industrial conglomerates. With over 16 companies in its fold, the group has a strong presence in 8 business sectors. Established in 1979, RPG Enterprises is one of India’s fastest growing business groups with a turnover of Rs. 17,000 cr. The group has more than sixteen companies managing diverse business interests in the areas of Power, Tyre, Infrastructure, IT, Retail, Entertainment, Carbon Black and Speciality.
For further information, please contact:
Shaonlee Bose
Head - Market Innovation
Zensar Technologies
+91-20-66057845/ +91-9923074441
s.bose@zensar.com
