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.
