Company: G
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001398659-25-000035
Chunk: 26

Company: Genpact LTD
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1
Chunk 26
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 31, 2024, we had a portfolio of more than 70 patents and pending patent applications globally. Additionally, we have over 200 trademarks registered in various jurisdictions. 

We often use third-party and client software platforms and systems to provide our services. Our agreements with our clients normally include a license to use the client’s proprietary systems to provide our services. Clients authorize us to access and use third party software licenses held by the client so that we may provide our services. Our agreements with vendors normally include an assignment of rights to all intellectual property developed by such vendors on our behalf. 

It is our practice to enter into agreements with our employees and independent contractors that:

•ensure that all new intellectual property developed by our employees or independent contractors in the course of their employment or engagement is assigned to us;

•provide for employees’ and independent contractors’ cooperation in intellectual property protection matters even if they no longer work for us; and

•include a confidentiality undertaking by our employees and independent contractors.

Competition

We operate in a highly competitive and rapidly evolving global market. We have a number of competitors offering services that are the same as or similar to ours. Our competitors include: 

•large multinational service providers, primarily accounting and consulting firms, that provide consulting, technology transformation and other professional services;

•companies that are primarily business process service providers operating from low-cost countries, most commonly India;

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•companies that are primarily information technology service and transformation providers with some business process service capabilities; and

•smaller, niche service providers that provide services or products in a specific geographic market, industry or service area, including AI and other advanced technologies.

We may also face losses or potential losses of business when in-house departments of companies use their own resources – often through a global capability center ("GCC") model – rather than engage an outside firm for the types of services and solutions we provide. 

Our business model is also subject to competitive forces from the advent of novel technology or applications of these technological capabilities made readily available in open-market environments.

Our revenues are derived primarily from Fortune Global 500 and Fortune 1000 companies. We believe that the principal competitive factors in our industry include:

•deep expertise in industry- and function-specific domains and processes; 

•ability to advise clients on how to transform their processes and deliver transformation that drives business value;

•ability to provide innovative services and products, including digital offerings;

•access to data, AI and technology expertise to identify opportunities for transformation and value creation;

•ability to consistently add value through digital