Mphasis concludes sale of certain domestic business to KDMSL

02 Sep 2015

Mphasis has concluded the sale of certain domestic business to Karvy Data Management Services effective September 01, 2015. The company had on July 10, 2015 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.

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