Mphasis is an IT administrations organization situated in Bangalore, India. The organization gives framework innovation and applications outsourcing administrations, and additionally design direction, application improvement and reconciliation, and application administration administrations. It serves budgetary administrations, telecom, coordinations, and innovation enterprises. Mphasis was positioned #7 in India IT organizations and general #165 by Fortune India 500 out of 2011. In April 2016, Hewlett Packard Enterprise sold the greater part of its stake in Mphasis to Blackstone Group.
Mphasis was framed in June 2000 after the merger of the US-based IT counseling organization Mphasis Corporation and the Indian IT administrations organization BFL Software Limited. In June 2006 Electronic Data Systems (EDS) bought a controlling stake in the organization and worked the organization as a free EDS unit On 13 May 2008, Hewlett-Packard affirmed that it had achieved an arrangement with Electronic Data Systems to procure the organization. The arrangement was finished on 26 August 2008.
In September 2009 Mphasis changed its image character by dropping EDS relationship to end up “Mphasis, a HP Company” after HP resigned EDS Brand to wind up “HP Enterprise Services”. Mphasis worked as a free HP auxiliary with its own particular board and kept on being recorded on Indian markets as “Mphasis Limited”.HP possessed near 62% in Mphasis and Mphasis got around half of its incomes from HP.
In February 2014, Mphasis changed its logo and the brand name as Mphasis Unleash the Next, looking to support business other than from parent Hewlett-Packard, its biggest customer. On 30 June 2015, Mphasis reported the consenting to of a complete arrangement to exchange a critical bit of its residential business, to Hinduja Global Solutions (HGS). HGS is a worldwide BPM pioneer in advancing client encounter for customers. On 10 July 2015, Mphasis declared it will move 2,000 workers to Karvy Data Management Services Ltd (KDMSL) as a feature of an arrangement marked to in part offer its local outsourcing business to Karvy.
In 2016, after Hewlett-Packard declared plans to offer its controlling stakes in Mphasis, three organizations Tech Mahindra, Apollo Global Management and Blackstone Group entered the race to get Mphasis. Tech Mahindra developed as the leader before it chose to haul out keeping in mind the end goal to stay away from an offering war with different organizations. In April 2016, it was reported that Blackstone had gained 84 percent of Hewlett-Packard’s stake in Mphasis in an arrangement.On 29 Jan 2017, Nitin Rakesh joined Mphasis as the Chief Executive Officer and Director.
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