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Mphasis Transfers its Section of India Domestic business to KDMSL

Mphasis

Mphasis inks a definitive agreement to move a portion of its domestic business to Karvy Data Management Services Limited (KDMSL) – a provider of business and knowledge process services in India.  The agreement will further allow transferring 2000 employees to KDMSL.

Commenting on the agreement, Ganesh Ayyar, CEO of Mphasis says Specialization and consistent strategy execution holds the key to success. This definitive agreement offers tangible proof of our commitment to execute our strategic roadmap.

V Mahesh, Managing Director of KDMSL said KDMSL is optimistic about the overall business growth in India and hence better business volumes. Our pedigree and footprint in the country would enhance and integrate service offerings to clientele in addition to the existing voluminous transaction processing capabilities. We are thrilled with this acquisition.

This is Mphasis’ second definitive agreement further to the recent signing with Hinduja Global Solutions (HGS) to transfer over 7000 employees which was roughly two-third of the India Domestic Voice business.

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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