Zensar traces its origin to 1922 when a Britishoriginal-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.[1] Ganesh Natarajan became CEO in 2001, beginning a 15-year tenure.[6] From 2000 to 2005, the company focused on application management for its clients.[7] 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[8] and at the end of the 2019 financial year earned revenues of over US$550 million.[2][9]
Sandeep Kishore was named Zensar's CEO in 2016, taking over from Ganesh Natarajan,[10][6] with Zensar Technology backers being RPG Enterprises. In 2015, APAX Portfolio Company acquired a stake in Zensar from Electra Partners Mauritius.[9][5]
As of October 2018[update], Zensar Technologies has offices in over 20 countries.[11] 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.[12] In December 2020, Ajay S. Bhutoria was named Zensar's CEO.[3]
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.[14]
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 [15]
Acquisition
2018
Cynosure INC
US$33m
US
Guidewire capabilities. Entry into Property and Casualty Insurance sector. Core system modernization [16]
User Interface, User Experience Strategy & Planning
Design and create digital products for customers.[24]
Acquisition
2017
Keystone Logic
N/A
US
Omnichannel retail order and warehouse management[25][26] 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 [27]
The company won the 2021 BIG Innovation Award for Technology.[31] The company also won at the 11th Annual Aegis Graham Bell Awards under the AI-Powered Innovation for Enterprise category.[32]
^ ab"Alumni and Corporate Relations". Indian Institute of Technology Bombay. Dr. Ganesh Natarajan. Archived from the original on 13 October 2018. Retrieved 13 October 2013.
^"Zensar buys Thoughtdigital". The Economic Times (IndiaTimes). 24 February 2007. Archived from the original on 10 February 2019. Retrieved 10 February 2019.