Mphasis

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Indian multinational IT services company

title: "Mphasis" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["business-process-outsourcing-companies-of-india", "software-companies-of-india", "blackstone-inc.-companies", "2000-establishments-in-karnataka", "indian-companies-established-in-2000", "software-companies-established-in-2000", "companies-listed-on-the-national-stock-exchange-of-india", "companies-listed-on-the-bombay-stock-exchange"] description: "Indian multinational IT services company" topic_path: "geography/india" source: "https://en.wikipedia.org/wiki/Mphasis" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Indian multinational IT services company ::

::data[format=table title="Infobox company"]

FieldValue
nameMphasis Limited
logoMphasis logo.svg
typePublic
traded_as
foundation
foundersJerry Rao
Jeroen Tas
locationBengaluru, Karnataka, India
key_peopleNitin Rakesh (CEO)
industryInformation technology
Consulting
Outsourcing
revenue(2025)
operating_income(2025)
profit(2025)
num_employees31,645 (June 2024)
ownerBlackstone (39.85%)
homepage
footnotesFinancials .
::

| name = Mphasis Limited | logo = Mphasis logo.svg | type = Public | traded_as = | foundation = | founders = Jerry Rao Jeroen Tas | location = Bengaluru, Karnataka, India | key_people = Nitin Rakesh (CEO) | caption = | industry = Information technology Consulting Outsourcing | revenue = (2025) | operating_income = (2025) | profit = (2025) | num_employees = 31,645 (June 2024) | owner = Blackstone (39.85%) | subsid = | divisions = | homepage = | footnotes = Financials .

Mphasis Limited is an Indian multinational information technology service and consulting company based in Bengaluru. The company provides infrastructure technology and applications outsourcing services, as well as architecture guidance, application development and integration, and application management services. It serves financial services, telecom, logistics, and technology industries. Mphasis was ranked #7 in Indian IT companies and overall #189 by Fortune India 500 in 2019. In April 2016, Hewlett Packard Enterprise sold the majority of its stake in Mphasis to Blackstone Group LP for around US$1 billion.

History

::figure[src="https://upload.wikimedia.org/wikipedia/commons/a/ac/Mphasis_-_Unlease_the_Next.jpg" caption="Old logo of Mphasis"] ::

Formation and early years

Mphasis was formed in June 2000 after the merger of the US-based IT consulting company Mphasis Corporation (founded in 1998 in Santa Monica by Jerry Rao and Jeroen Tas.) and the Indian IT services company BFL Software Limited (founded in 1992).

In June 2006 Electronic Data Systems (EDS) purchased a controlling stake in the company (42%) for $380 million and operated the company as an independent EDS unit.

As a Hewlett-Packard company

On 13 May 2008, Hewlett-Packard confirmed that it had reached a deal with Electronic Data Systems to acquire the company for $13.9 billion. The deal was completed on 26 August 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 operated as an independent HP subsidiary with its own board and continued to be listed on Indian markets as "Mphasis Limited". HP owned close to 62% in Mphasis and Mphasis got around 50% of its revenues from HP.

Mphasis marked $1 billion in revenues and registered a consolidated revenue of RS 50.37 billion ($1,099.3 million) for the year ended 31 October 2010 becoming the sixth Indian IT company to do that.

In February 2014, Mphasis changed its logo and the brand name as Mphasis Unleash the Next, seeking to boost business other than from parent Hewlett-Packard, its largest client.

On 30 June 2015, Mphasis announced the signing of a definitive agreement to transfer a significant portion of its domestic business, to Hinduja Global Solutions (HGS). On 10 July 2015, Mphasis announced it will move 2,000 employees to Karvy Data Management Services Ltd (KDMSL) as part of a deal signed to partially sell its domestic outsourcing business to Karvy.

Under Blackstone Group

In 2016, after Hewlett-Packard announced plans to sell its controlling stakes in Mphasis, three companies Tech Mahindra, Apollo Global Management and Blackstone Group entered the race to acquire Mphasis. Tech Mahindra emerged as the frontrunner before it decided to pull out in order to avoid a bidding war with other companies. Later that year, Blackstone acquired Hewlett-Packard's 60.17% stake in Mphasis for 5,466 crore ($815 million); Blackstone's subsequent open offer to acquire an additional 26% from public shareholders failed.

On 29 January 2017, Nitin Rakesh joined Mphasis as the chief executive officer and director. On 7 Aug 2018 the Mphasis Board announced a buyback offer for its shareholders at an approximate premium of 17.4%.

In April 2021, Blackstone committed up to $2.8 billion to acquire controlling stake in Mphasis. A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors will be co-investing along with Blackstone.

Company

Offices

::figure[src="https://upload.wikimedia.org/wikipedia/commons/9/99/Bagmane_Tech_Park,Bangalore(2024)_18.jpg" caption="Mphasis at [[Bagmane Tech Park]], [[Bangalore"] ::

Mphasis has more than 60 sales and delivery centers in India, US, UK, China, Australia, Canada, Japan, France, Germany, Netherlands, Belgium, Ireland, Poland, Sweden, Switzerland, Hungary, Singapore, Indonesia, Tunisia, Mauritius, New Zealand, Taiwan, Mexico, Costa Rica, Argentina, Malaysia, Philippines and Saudi Arabia. In India, it has centers in Bangalore, Chennai, Pune, Hyderabad, Mumbai, Noida and Mangalore.

Acquisitions

  • Navion Software, China (2002)
  • Kshema Technologies, Bangalore, India (2004)
  • Onida Infotech Services (Mirc Electronics SAP Division), Mumbai, India (2004)
  • Princeton Consulting, UK (2005)
  • Eldorado Computing, US (2005)
  • AIG Systems Solutions, India (2009)
  • Fortify Infrastructure Services, US (2010)
  • Wyde Corporation, US (2011)
  • Digital Risk LLC, US (2012)
  • Stelligent, US (2018)
  • Datalytyx (2020)
  • Blink UX (2021)

Mergers

  • BFL Software and MphasiS (March 2001)

Recognition

From 2019 to 2025, the company was included in the Fortune India 500 list.

References

References

  1. (10 September 2024). "Mphasis to double presence in UK with innovation hub for quantum expertise". The Economic Times.
  2. "Mphasis sees Rs 7,066 cr block deal as Blackstone offloads 15.6% stake". Moneycontrol.
  3. "Statement of Consolidated Audited Financial Results for the quarter and year ended 31 March 2025". Mphasis Limited.
  4. "(Jerry) Rao: 2006 Distinguished Entrepreneurial Alumni Award Winner". Chicagobooth.edu.
  5. (2022-09-30). "Leeds: Indian tech firm to create 1,000 jobs in city". BBC News.
  6. "Fortune India 500 2019: This Year's Top Performing Companies".
  7. (17 May 2023). "Press Releases Archives".
  8. "(Jerry) Rao: 2006 Distinguished Entrepreneurial Alumni Award Winner". Chicagobooth.edu.
  9. (April 2023)
  10. "Company History of Mphasis". Moneycontrol.com.
  11. [http://www.business-standard.com/india/news/eds-acquires-majority-stake-in-mphasis/1706/on EDS acquires majority stake in Mphasis]
  12. [http://news.smh.com.au/world/hp-to-buy-eds-for-139-bln-dlrs-to-expand-services-20080514-2e2f.html HP to buy EDS for 13.9 Billion US Dollars, to expand services]
  13. "Mphasis become HP Company".
  14. [http://economictimes.indiatimes.com/tech/ites/tough-time-ahead-for-mphasis-as-hewlett-packard-cut-its-sales-forecast/articleshow/16727352.cms Tough time ahead for Mphasis as Hewlett Packard cut its sales forecast]
  15. (23 November 2010). "Mphasis crosses $1 billion revenue mark, PAT up 20%". The Times of India.
  16. (5 February 2014). "MphasiS unveils new brand identity".
  17. "Tech Mahindra leads race to buy Mphasis". The Times of India.
  18. "Tech Mahindra pulls out of race to acquire Mphasis". Business Standard.
  19. "Blackstone buys control of Mphasis". The Hindu.
  20. "Blackstone's open offer for Mphasis fails; ends with 60% stake". VCCircle.
  21. "Mphasis was a jewel hidden in the HP family: new CEO".
  22. (7 December 2018). "Mphasis buyback offer opens today".
  23. (26 April 2021). "Blackstone, other investors commit up to $2.8 billion to acquire controlling stake in Mphasis". The Hindu.
  24. [https://www.mphasis.com/home/corporate/contactus.html Mphasis Offices]
  25. (2022-03-15). "This IT Firm With 29K Employees Is Offering Work From Home Jobs; Women-Only Hiring Is".
  26. (25 October 2002). "Mphasis to acquire Navion Software of China". Archives.infotech.indiatimes.com.
  27. (3 April 2004). "MphasiS to acquire Kshema Technologies". [[The Hindu]].
  28. [http://www.business-standard.com/india/news/mphasis-to-buy-out-sap-divisionmirc-electronics/142823/ MphasiS to buy out SAP division of MIRC Electronics]
  29. [http://www.financialexpress.com/news/mphasis-acquires-princeton-consulting-in-rs-60-cr-deal/127037/ MphasiS acquires Princeton Consulting in Rs 60 cr deal]
  30. (15 March 2005). "MphasiS Buys Eldorado Computing". The New York Times.
  31. (12 August 2009). "MphasiS acquires AIG's IT arm in India". Business Standard.
  32. (8 April 2010). "HP's MphasiS Buys Fortify for Remote Services". Pcworld.com.
  33. (1 August 2011). "Mphasis paid 2-4.5 times sales for Wyde in cash: CEO". Moneycontrol.com.
  34. (3 December 2012). "MphasiS shares surge over 6% on Digital Risk deal". Zee News.
  35. "DevOps Automation Services Specialist Stelligent Acquired by Mphasis".
  36. (22 September 2021). "Mphasis acquires US-based Blink UX for $94 mn in an all cash deal". Business Standard India.
  37. "Mphasis Company History - Business Standard News : Page 1". [[Business Standard]].
  38. "Mphasis : Merger gains - The Financial Express".
  39. "Fortune India 500 2019: This Year's Top Performing Companies".
  40. "Fortune India 500 2025: This Year's Top Performing Companies".
  41. "Fortune India 500 2024: This Year's Top Performing Companies".
  42. "Fortune India 500 2023: This Year's Top Performing Companies".
  43. "Fortune India 500 2022: This Year's Top Performing Companies".
  44. "Fortune India 500 2021: This Year's Top Performing Companies".
  45. "Fortune India 500 2020: This Year's Top Performing Companies".

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business-process-outsourcing-companies-of-indiasoftware-companies-of-indiablackstone-inc.-companies2000-establishments-in-karnatakaindian-companies-established-in-2000software-companies-established-in-2000companies-listed-on-the-national-stock-exchange-of-indiacompanies-listed-on-the-bombay-stock-exchange