# Zensar Technologies

Zensar Technologies Limited is an Indian publicly traded software and services company. The company's stock trades on the Bombay Stock Exchange and on the National Stock Exchange of India. A subsidiary of RPG Group, the company's chairman is Harsh Goenka.

## History

Zensar traces its origin to 1922 when a British original-equipment manufacturing firm established a regional manufacturing unit in Pune, India. The firm evolved to become the Indian manufacturing arm of British computer maker ICL, and was renamed ICIM (International Computers Indian Manufacture). In 1963, ICIM listed on the Bombay Stock Exchange. In 1991, ICIM established a subsidiary company named International Computers Limited (ICIL), with a focus on software. In 1999, the original hardware division of ICIM was shuttered, leaving ICIM/ICIL as a purely software company.
In February 2000, the company renamed to Zensar. Ganesh Natarajan became CEO in 2001, beginning a 15-year tenure. From 2000 to 2005, the company focused on application management for its clients. RPG Group, the Indian industrial conglomerate headquartered in Mumbai, Maharashtra, is the majority shareholder in the company. The company continues to have its headquarters in Pune in Western India.
By 2012, Zensar had approximately 11000 employees servicing 400 clients in over 20 global locations and at the end of the 2019 financial year earned revenues of over US$550 million.
Sandeep Kishore was named Zensar's CEO in 2016, taking over from Ganesh Natarajan, with Zensar Technology backers being RPG Enterprises. In 2015, APAX Portfolio Company acquired a stake in Zensar from Electra Partners Mauritius.
As of October 2018, Zensar Technologies has offices in over 20 countries. It is listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) and is a component of several indices including the NSE's Nifty 500 and the S&P BSE 500. In December 2020, Ajay S. Bhutoria was named Zensar's CEO.
Zensar's business is spread between North America, United Kingdom, parts of Europe and South Africa. Zensar's teams work out of 33 global locations, including offices of acquired entities.
In April 2023, its South African subsidiary marked the 1000th internship of young locals as part of the initiative launched in 2008 to prepare youth for the IT-sector.

## Acquisitions

The following is a list of acquisitions made by Zensar since 2005.
Ventures :
| Venture | Date | Company | Value | Location base | Capabilities added |
| Acquisition | 2021 | M3bi | N/A | US | Capabilities strengthened in Data Engineering and Advanced Analytics, Advanced Engineering and Experience Services. Strengthens BFSI and other verticals |
| Acquisition | 2018 | Cynosure INC | US$33m | US | Guidewire capabilities. Entry into Property and Casualty Insurance sector. Core system modernization |
| Acquisition | 2007 | ThoughtDigital | US$24.9m | US | |
| Joint Venture | 2013 | EZA | N/A | Tokyo | Formed Zensar Advanced Technologies |
| Acquisition | 2005 | OBT global | N/A | Hyderabad | |
| Acquisition | 2010 | Akibia Inc | US$100m | Westborough, Massachusetts | |
| Acquisition | 2014 | Professional Access Inc | N/A | New York | |
| Acquisition | 2016 | Foolproof, Inc. | N/A | London | User Interface, User Experience Strategy & Planning Design and create digital products for customers. |
| Acquisition | 2017 | Keystone Logic | N/A | US | Omnichannel retail order and warehouse management Digital Supply Chain, Direct to Consumer fulfilment – Order Management, Warehouse Management expertise. Supply Chain Competency – Implement, Engineer, Optimize, Support |
| Acquisition | 2018 | Indigo Slate | US$18m | US | Digital marketing services. CX, UX, Design & Content Development capabilities. High-quality digital studio and local CX/UX presence in the US |
| Acquisition | 2024 | BridgeView Life Sciences | US$25m | US | Expands Zensar's healthcare and life sciences offerings, providing a wider range of solutions for pharmaceutical, biotechnology, and medical device companies through its partnership with Veeva Systems. |

## Locations

Zensar has offices in 33 global locations.
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 |

## Awards and recognition

Zensar was the innovation award winner in the "Creating an Impact-IT Skills" category at India Perspectives 2018. Gartner Magic Quadrant named the company Niche Player 2019 for managed mobility services. The company is often quoted by analysts in industry media for its expertise on enterprise IT spending, research consulting and advisory services.
The company won the 2021 BIG Innovation Award for Technology. The company also won at the 11th Annual Aegis Graham Bell Awards under the AI-Powered Innovation for Enterprise category.