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Genpact (NYSE: G) | Company Profile, History, Competitors

 

Genpact (NYSE: G) is a business process management (BPM) and outsourcing company. Genpact serves one fifth of the Fortune Global 500 and includes clients such as Abbott, Boeing, Citigroup, General Electric, PayPal and Wells Fargo. It has 78,000 employees across over 73 delivery centers in 16 countries at the end of 2017. It was founded in 1997 and headquartered in New York, NY.

Genpact was founded in 1997 as an Indian captive arm under General Electric. It was acquired by private equity in 2004 and became a public company in 2007. Genpact provides business outsourcing services for middle and back office outsourcing. They provide services such as accounting, performance reporting, digitization, sourcing/procurement and IT management.

Business Overview

Genpact focuses on providing middle and back office solutions for companies. The company provides the following services:
  • Financial and Accounting: Provides accounting processing, travel expense processing, record keeping, performance reporting and compliance.
  • Transformation Services: Provides digital transition, consulting services and data analytics.
  • Core Industry Operations: Helps clients run their core enterprise operations.
  • Sourcing and Procurement: Helps clients improve sourcing, procurement operations, inventory management, order management and supply chains.
  • IT Services: Helps clients manage data centers, servers, networks, cloud infrastructure and business intelligence reporting.

History

Genpact was founded in 1997 as an Indian captive arm in General Electric. It was called GE Capital International Services and served as a role running back office operations for GE Capital. The role over time included operations for both GE Capital and GE. In 2004, private equity firms Oak Hill and General Atlantic acquire an 60% stake and, in 2005, it became an independent company and began growing its customer base outside of General Electric. It was renamed Genpact and went public in 2007. In 2012, Bain Capital bought a strategic stake in the company.

Management

N V Tyagarajan (CEO): N V Tyagarjan serves as CEO since 2011. Prior, he served in various roles at Genpact, including COO, EVP of Sales & Marketing. He has also served as CEO of GE Capital Internaitonal Services, the predecessor of Genpact.

Edward Fitzpatrick (CFO): Edward serves as CFO since 2014. Prior, he was CFO of Motorola Solutions and CFO of Motorola..

Financials

 $ USD in millions   2013 2014 2015 2016 2017
 Revenues$2,132 $2,279 $2,461 $2,571 $2,737 
 Gross Profit$812 $901  $968  $1,016  $1,053 
 Operating Profit $310 $294  $334  $341  $329 
 Net Income$230 $192 $240  $270  $263 
 EPS$1.00  $0.87  $1.11  $1.30  $1.36