| Type | Public Company |
|---|---|
| Traded as | BSE: 526299 NSE: MPHASIS |
| Industry | Information Technology Services |
| Founded | Incorporated June, 2000 |
| Founder(s) | Jaithirth Rao Jeroen Tas |
| Headquarters | Bangalore, India |
| Key people | Friedrich Froeschl (Chairman)[1] Ganesh Ayyar, (CEO)[2] |
| Revenue | 3,457.55 crore (US$656.93 million) (2009-10)[3] |
| Operating income | 1,007.84 crore (US$191.49 million) (2009-10)[3] |
| Net income | 836.87 crore (US$159.01 million) (2009-10)[3] |
| Employees | 41,000 |
| Parent | Hewlett-Packard |
| Website | MphasiS.com |
MphasiS (BSE: 526299, NSE: MPHASIS), a unit of Hewlett-Packard Co., is an information technology services company based in Bangalore, India. MphasiS is certified with ISO 9001:2008, ISO/IEC 27001:2005 and is assessed at CMMI v 1.2 Level 5.[4]It is the sixth largest IT company in India[5] with more than 38,000 employees as of 2010. The company has 29 offices in 14 countries with delivery centers in India, Sri Lanka, China, North America and Europe.[6]
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MphasiS (then, MphasiS BFL Limited) was formed in June 2000 after the merger of the US-based IT consulting company MphasiS Corporation (founded in 1998) and the Indian IT services company BFL Software Limited (founded in 1992).[7] MphasiS Corporation was founded in 1998 in Santa Monica, California by Jerry Rao[8] and Jeroen Tas.[9]
In June 2006 Electronic Data Systems (EDS) purchased a controlling stake in the company (52%) for $380 million and operated as an independent EDS unit.[10]
On May 13, 2008, Hewlett-Packard confirmed that it had reached a deal with Electronic Data Systems to acquire the company for $13.9 billion.[11] The deal was completed on August 26, 2008.
In September 2009 MphasiS changed its brand identity by dropping EDS association to become "MphasiS, an HP Company" after HP retired EDS Brand to become "HP Enterprise Services". MphasiS operates as an independent HP subsidiary with its own board and continues to be listed on Indian markets as "MphasiS Limited".[12] Currently HP owns close to 62% in MphasiS.
MphasiS marked $1 billion in revenues and registered a consolidated revenue of Rs 5,037 crore ($1,099.3 million) for the year ended October 31, 2010 becoming the sixth indian IT company to do that.[13]
MphasiS is engaged in providing information technology services to its customers around the world. MphasiS provides integrated solutions that include business process outsourcing, infrastructure technology, and application services. The application services offered by the company includes application development as well as applications maintenance and support services. The markets served by the company are financial services & insurance, healthcare, manufacturing, government, transportation, communications, and consumer & retail industries.[14]