Company:WNS Global Services

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Short description: Business process outsourcing company in India

WNS Global Services
TypePublic
NYSE: WNS
IndustryBusiness process management, outsourcing, IT consulting
Founded1996
Headquarters
Mumbai , India[1]
Area served
Worldwide
Key people
Timothy Main[2]
(Chairman)
Keshav R Murugesh[2]
(Group CEO)
RevenueIncrease US $1,224.3 million[3]
Number of employees
59,755 (March 31, 2023)[3]
Websitehttps://www.wns.com

WNS (Holdings) Limited (NYSE: WNS) is a multinational business process management company headquartered in Mumbai , India. The company has 60 delivery centers worldwide.[4]

History

WNS was founded in 1996 by British Airways as Speedwing World Network Services in Mumbai . In May 2002, a 70% shareholding was sold to Warburg Pincus.[5]

  • 1999 – A delivery centre was launched in Pune, India.[6]
  • 2004 – New centres were set up in Colombo in Sri Lanka and Gurgaon in India.[7]
  • 2006 – Initial public offering listing on the NYSE, the first Indian business process outsourcing company to be listed on the exchange. It raised about $224 million at $20 per ADS.[8]
  • 2012 –The first delivery centre in North America was set up to service US clients.[9] During this year, a centre was also set up in Poland.
  • 2013 – Launched new centre in China[10] and Warburg Pincus sells its entire stake in WNS.
  • 2014 – Launched new centre in Pennsylvania.[11]

Acquisitions

  • 2012: Took over Fusion Outsourcing Services in South Africa.[12][13]
  • 2016: Acquired Value Edge.[14]
  • 2017: Acquired Denali Sourcing Services and HealthHelp.[15]
  • 2022: WNS acquires Vuram an enterprise automation services company,[16] The Smart Cube, a London-headquartered provider of platform-driven research and analytics[17] and OptiBuy, a Europe-based provider of procurement platform consulting and implementation solutions.[18]

References

  1. ↑ "Contacts, locations". WNS. https://www.wns.com/about-wns/global-presence. 
  2. ↑ 2.0 2.1 "Board of Directors". WNS. https://www.wns.com/about-us/board-of-directors. 
  3. ↑ 3.0 3.1 "WNS Announces Fiscal 2023 Fourth Quarter and Full Year Earnings, Provides Guidance for Fiscal 2024". WNS. https://wnsnorthamerica.gcs-web.com/news-releases/news-release-details/wns-announces-fiscal-2023-fourth-quarter-and-full-year-earnings?mobile=1. 
  4. ↑ "A Bet on India". Forbes. https://www.forbes.com/2006/07/20/ipo-outlook-wns-cx_sr_0721india.html. 
  5. ↑ Warburg Pincus acquires WNS Stake Private Equity International 28 May 2002
  6. ↑ "Mr. Keshav R. Murugesh, Group CEO, WNS Group". India Infoline. http://www.indiainfoline.com/article/research-leader-speak/mr.-keshav-r.-murugesh-group-ceo-wns-group-20990123_1.html. 
  7. ↑ "Sri Lanka embraces outsourcing". BBC. 13 July 2004. http://news.bbc.co.uk/2/hi/business/3891023.stm. 
  8. ↑ "WNS Holdings debuts on NYSE". Economic Times. http://articles.economictimes.indiatimes.com/2006-07-27/news/27439112_1_wns-global-services-wns-holdings-trinity-partners. 
  9. ↑ "WNS Global Services opens up new facility in South Carolina". Economic Times. 28 May 2012. http://economictimes.indiatimes.com/tech/ites/wns-global-services-opens-up-new-facility-in-south-carolina/articleshow/13605945.cms. 
  10. ↑ "WNS Global Services, Aegis & Genpact look to build out operations in China". Economic Times. http://articles.economictimes.indiatimes.com/2013-08-09/news/41240686_1_wns-global-services-fast-growing-chinese-market-china. 
  11. ↑ "Expansion of WNS Facility to bring over 300 jobs to Luzerne County". Penn’s Northeast. https://pennsnortheast.com/news_media/article/expansion-of-wns-facility-to-bring-over-300-jobs-to-luzerne-county. 
  12. ↑ "WNS buys South Africa-based Fusion for GBP 10 million". The Hindu Business Line. http://www.thehindubusinessline.com/industry-and-economy/info-tech/wns-buys-south-africabased-fusion-for-10-million/article3555324.ece. 
  13. ↑ "WNS acquires SA based Fusion Outsourcing for £10 million". BPeSA. http://www.bpesa.org.za/2012/07/05/wns-acquires-sa-based-fusion-outsourcing-for-10-million/. 
  14. ↑ "WNS buys Value Edge Research for about $17.5 million". Economic Times. https://economictimes.indiatimes.com/tech/ites/wns-buys-value-edge-research-for-about-17-5-million/articleshow/51361487.cms. 
  15. ↑ "WNS acquires HealthHelp for $95 million". The Hindu. 15 March 2017. https://www.thehindu.com/business/wns-acquires-healthhelp-for-95-million/article17468105.ece. 
  16. ↑ "WNS Expands Intelligent Automation Capabilities with Acquisition of Vuram - WNS Holdings Ltd." (in en). https://www.benzinga.com/pressreleases/22/07/b27930160/wns-expands-intelligent-automation-capabilities-with-acquisition-of-vuram. 
  17. ↑ "WNS acquires The Smart Cube to enhance digital analytics and procurement capabilities - Manufacturing & Logistics IT Magazine". https://www.logisticsit.com/articles/2022/12/19/wns-acquires-the-smart-cube-to-enhance-digital-analytics-and-procurement-capabilities. 
  18. ↑ "WNS PRESS RELEASE". https://wnsnorthamerica.gcs-web.com/news-releases/news-release-details/wns-acquires-two-firms-enhance-digital-analytics-and-procurement. 

External links



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