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Zensar Technologies Limited share price today (on 16 April 2024).

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BSE: 504067 | NSE: ZENSARTECH | ISIN: INE520A01019
Market Cap: [Rs.Cr.] 1,085 | Face Value: [Rs.] 10
Industry: Computers - Software - Medium / Small


Zensar Technologies Ltd incorporated in Mar.'83 as International Computers and Tabulators Indian Manufacturing Company, was established in technical and financial collaboration with International Computers, UK. It was promoted by its foreign collaborators ICL, UK; Fujitsu, Japan; and Northern Telecom, Canada. The company manufactures and markets computer hardware and software. Its chief products are digital computer systems including peripherals. The company manufactures the entire range of hardware products, ranging from PCs to main frame computers. It has entered into collaborations with Fujitsu, Japan, and Genicom, US, to manufacture line printers. The company tied up with Sun Micro Systems, the world leader in Unix workstations and servers. In 1988, ICL entered into an agreement with RPG Enterprises to jointly manage the company. RPG Enterprises provides management support to ICIM. It has changed the name of its subsidiary companies, International Computer (india), ICIM International Inc & ICIL Singapore Pte to Zenstar Technologies , Zenstar Technologies Inc & Zenstar Technologies (Singapore).
In 1999, the company sold SES business to Accel Ltd, for a total purchase consideration of Rs. 11.34 cr & also has taken over the liabilities under various leasing agreement relating to equipment rented out to customers. In Mar. 2001, the Board of Directors of Fujitsu ICIM and Zensar Technologies have approved the merger of the two companies at a share swap ratio of 1:1, which translates into one share of Zensar Technologies for each share held in Fujitsu ICIM. Hence, the name of the company was changed to 'Zensar Technologies Ltd.' As the Chinese economy is gearing up and the business opportunities are growing more and more the company has decided to enter into a JV with New Jade Tech Ltd a subsidiary of Asia Logistics Ltd a Hongkong SE listed company. The joint venture will operate from the Software Technology Park of Zhuhai near Hongkong. The company is also planning to set up a branch in Finland to cater to customers in the Scandinavian region. The process is underway and is expected to be completed shortly.
The company has signed a share purchase agreement on December 12 2005, for acquiring entire equity stake of OBT Global, a Hyderabad based company. Further Zensar Technologies Inc., the company's wholly owned US subisidiary, would be acquiring the entire common stock of OBT Global Inc USA, an affiliate of OBT Global,in an all cash transaction. The newly acquired companies are engaged in SAP solutions specifically focused on the Indian industry verticals of textile, healthcare and pharmacy

Zensar Technologies Limited (Zensar) is a software and services company. It operates in two segments: Application Management Service and Infrastructure Management Service. It is focused on five industry verticals, such as manufacturing, retail, healthcare, banking, financial services and insurance. Its services range from the traditional to the transformational-enterprise product implementation and hosting, infrastructure management and testing, business intelligence and data warehousing, collaboration and knowledge management services, business process outsourcing and optimization, and the entire range of applications planning, portfolio building, development, migration and support. Its products and solutions include ZenPoSlite, AutoZenics, nXcchange, iCAn and ZenMobln. On February 11, 2013, the Company through Old Court House Propco Ltd, acquired freehold interest in a mixed-use property located at 42 to 60 (even) Kensington High Street, London W8 4PD.

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