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Mphasis signs definitive agreement to transfer a portion of its domestic business to KDMSL

10 Jul 2015 Evaluate

Mphasis has signed a definitive agreement to transfer a portion of its domestic business, subject to regulatory approvals, to Karvy Data Management Services (KDMSL) - a provider of business and knowledge process services in India. With this agreement, over 2000 employees would be transferred to KDMSL.

Mphasis is a $1 billion global service provider, delivering technology based solutions across industries, including Banking & Capital Markets, Insurance, Manufacturing, Media & Entertainment, Telecom, Healthcare, Life Sciences, Travel & Transportation, Hospitality, Retail & Consumer Goods, Energy & Utilities, and Governments around the world.

Peers
Company Name CMP
TCS 2093.90
Infosys 1011.65
HCL Technologies 1201.35
Wipro 162.15
Tech Mahindra 1530.00
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