Prime Minister Narendra Modi’s vision to recast India’s urban landscape is gaining impetus all over the country – resulting in ...
Ganesh Natarjan, the former CEO of Zensar Technologies, has started his venture with a kitty of Rs 5 crore that will fund start-ups over the next 6 months.
We are particularly excited about digital e-commerce and going forward that is going to be spectacular for Zensar, says Ganesh Natarajan, Vice Chairman and CEO of Zensar Technologies
The company is training its team on the new digital technologies. Its total headcount stood at about 8,200 at the end of the reported quarter.
The software services provider had reported a net profit of Rs 67.31 crore for the corresponding quarter of the last fiscal.
Zensar had posted a net profit of Rs 55.96 crore in the April-June 2014 quarter. Its revenue growth in the reported quarter stood at 16.5 percent to Rs 704.64 crore from Rs 604.78 crore in the year-ago period.
Zensar Technologies announced FY15 PAT growth of 30 percent from Rs 55.25 crore on a year-on-year basis.
The figures are not comparable as company announced its first annual results after it listed on the stock exchanges in September 2014. The company's net sales stood at Rs 53.84 crore in Q4 2015 as against Rs 51.29 crore in quarter ended December 2014.
In an interview to CNBC-TV18, Ganesh Natarajan, Vice-Chairman & MD of Zensar Tech, said he is confident about product and services mix.
The company aims to get back to double-digit profit after tax (PAT) next year backed by profitable infrastructure management business and strong growth trajectory for enterprise business, said Natarajan.
"We are delighted with the traction in the IM managed services business and are also getting wins in new areas like end user experience management," said Ganesh Natarajan, vice chairman and CEO of the company.
Discussing the IT space, Ganesh Natarajan, Vice Chairman and CEO of Zensar Technologies, said the nature of demand is changing. Vibhor Singhal, Analyst at Phillip Capital, said TCS management‘s commentary remains only marginally negative.
Deal pipeline also looks comfortable with around 3-4 deals for USD 15-30 million and 5-6 deals for USD 5- 15 million range, said Ganesh Natarajan of Zensar Technologies.
Zensar Technologies has signed a multi-million dollar deal with a leading UK-based high street retailer. The new engagement involves a managed services portfolio consolidation.
In an interview to CNBC-TV18, Natarajan adds that the company will be eyeing a few acquisitions in the next 6 to 12 months.
Zensar Technologies has signed a five-year total infrastructure outsourcing deal with a world leading direct selling company for five of its remote sites.
Zensar Technology is confident of returning to 15 percent operating margin, on the back of robust deal pipeline and is also not seeing any pricing pressure for the remainder of the year.
Zensar's Ganesh Natarajan does not see any problems in markets like America, Europe and UK and is therefore, optimistic about FY14 prospects. For FY14, he predicts IT sector's growth at 10-14 percent on constant currency basis.
With the US immigration bill having cleared the senate hurdle with an overwhelming majority, Ganesh Natarajan, CEO of Zensar Technologies says his main concern regarding the bill is the rising costs of doing business, followed by the difficulty to place people on projects.
Software services exporter Zensar Technologies has signed a five-year agreement with Assurant Health, a US-based provider of health insurance products, to provide information technology support.
Software services provider Zensar Technologies is scouting for acquisitions in the USD 30-40 million range and a deal is likely to be done in 2013-14, Ganesh Natarajan, CEO and vice chairman, told moneycontrol.com on Monday.
Ganesh Natarajan says that various sectors in India are still searching for innovative solutions, if you can find them
The announced advance pricing agreement may help transfer pricing decisions and the USD 1 billion VC fund focused on MSME is good for entrepreneurship.
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