Hinduja TMT

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Hinduja Global Solutions to acquire major stake in Mphasis
July 01, 2015 10:50 AM
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. Source: IANS

Hinduja TMT (HTMT) Hinduja TMT (HTMT) has been set up by the Hinduja Group and it is a company that provides services in IT, outsourcing, and BPO to its customers. The Hinduja TMT Company in its IT services provides services such as SAP implementation; application maintenance and development; engineering design; and legacy migration.

The BPO department of the Company Hinduja TMT offers services like contact center, processing claims for back office, desk support for technical help, and payroll processing.

The Hinduja TMT Company offers cost effective, high quality IT solutions to its clients spread all around the world. In order to improve its technology, Hinduja TMT Ltd has moved into partnerships and alliances with IBM, Compaq, Oracle, and Nortel. The Hinduja TMT has subsidiaries in countries like France, US, UK, and India. The subsidiaries in India in the technology sector are the Source One Communications Asia Inc.; Source One HTMT Inc.; and Customer Contact Center Inc. The Hinduja TMT Company is BS 7799 certified, ISO 9001: 2000 compliant, and for all its processes follows the methodologies of six sigma.

The net sales of the TMT Hinduja amounted to Rs 798.03 million in 2005- 2006 but the next year it had decreased to Rs 161.35 million. The net profit of the company stood at Rs 1,670.53 million in 2005- 2006, while the very next year it declined to Rs 112.03 million. In November 2006, the Hinduja TMT launched a new hub in Mysore which will be 2000 seater. The company has decided to invest around Rs 20 crore and expand in the Eastern and Northern regions of the country as well.

Although the Hinduja TMT's net sale and profit has decreased, the company is trying to improve its position by getting more clients. It also has plans of improving the quality of the IT solutions that the Company Hinduja TMT gives to its clients.

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Last Updated on 06th June 2011