Company Profile

Zensar Technologies has been selected by Infinity Circle, a UK-based fintech company in the wealth management space. Infinity Circle aims to bring together like-minded entrepreneurs, investors and game changers. It has the vision to simplify wealth management through innovation, excellence in customer experience, and fully digital-enabled secure transactions.

The company will be the design and technology services partner with the scope of engagement spanning across branding, UX, CX design, core platform development, global launch, and on-going support services.

Zensar Technologies, formerly known as ICIL was acquired by the RPG group in 1989. It is a globally focused software and services company spread across eighteen countries across the world.

Cupid has received purchase order from Uttar Pradesh Medical Supplies Corporation for supply of Covid 19 Antigen Based Rapid Test Kits. The said order is of worth Rs 10.50 crore.

Shri Bajrang Alliance has received approval from Chhattisgarh Environment conservation Board, Raipur for ‘Consent to Operate’ oils and oleoresin Essential Oils Plant at Agro Division.

Vedanta’s Sesa Goa iron ore business has started supply of 3 tonnes of liquid medical oxygen (LMO) on a daily basis to hospitals in Goa. The liquid medical oxygen is being generated at Vedanta value added business at Amona and will be delivered to Goa Medical College (GMC) oxygen storage reservoirs. Vedanta VAB oxygen plant was initially established to produce gases used in the blast furnace operation of pig iron making.

Sadbhav Infrastructure Project (SIPL) has entered into the debenture trust deed to raise $700 crore from the investors led by Allianz Global Investors (Allianz GI) and AMP Capital (the Investors) out of which a sum of $550 crore has already been funded by the Investors. The funding has been structured with flexible repayment obligation linked to monetization of the SPVs of SIPL within a tenure of 48 months to 63 months.

IIFL Finance has reported results for fourth quarter ended March 31, 2021. The company has reported above 9 -fold jump in its net profit at Rs 159.10 crore for the quarter under review as compared to Rs 16.67 crore for the same quarter in the previous year. Total income of the company increased by 25.42% at Rs 981.92 crore for Q4FY21 as compared Rs 782.91 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported 4 - fold jump in its net profit attributed to the owners at Rs 247.63 crore for the quarter under review as compared to Rs 58.74 crore for the same quarter in the previous year. Total income of the company increased by 22.83% at Rs 1648.62 crore for Q4FY21 as compared Rs 1342.19 crore for the corresponding quarter previous year.

Zensar Technologies has been selected by Infinity Circle, a UK-based fintech company in the wealth management space. Infinity Circle aims to bring together like-minded entrepreneurs, investors and game changers. It has the vision to simplify wealth management through innovation, excellence in customer experience, and fully digital-enabled secure transactions.

Hikal has reported results for fourth quarter and year ended March 31, 2021. The company has reported 2- fold jump in its net profit at Rs 50.92 crore for the quarter under review as compared to Rs 24.47 crore for the same quarter in the previous year. Total income of the company increased by 40.61% at Rs 535.33 crore for Q4FY21 as compared Rs 380.72 crore for the corresponding quarter previous year. For the year ended March 31, 2021, the company has reported a rise of 57.70% in its net profit at Rs 133.15 crore as compared to Rs 84.43 crore for the previous year. Total income of the company increased by 14.19% at Rs 1725.42 crore for year under review as compared to Rs 1510.96 crore for year ended March 31, 2020

ICICI Bank is planning to raise fund by way of issuance of debt securities including non-convertible debentures/bonds/notes/offshore certificate of deposits in single/multiple tranches in any currency through public/private placement. The Board of the Bank at its meeting scheduled to be held on April 24, 2021 will consider the same.

Zensar Technologies has completed the process merger of the US-based 100% step-down subsidiaries (Merging Entities) into Zensar Technologies Inc., USA, a material wholly owned subsidiary of the company. The requisite filing process of merger applications, with respective local authorities/states, has been completed and with effective date of merger being April 1, 2021, the process is completed.

Tech Mahindra has received approval from its Investment Committee of the Board of Directors for the proposal to acquire 100% equity shares in DigitalOnUs, Inc. (DigitalOnUs) directly and indirectly through its wholly owned subsidiary -- Tech Mahindra (Americas) Inc. The transaction is expected to close by May 15, 2021.

Trident has opened six new exclusive showrooms across India for its bed and bath linen collections under Trident Home Décor Design. Thereby taking the total count of its exclusive showrooms to 18. The newly opened showrooms are located in Kolkata, Jaipur (two showrooms), Chandigarh, Mohali and Karnal.

Future Enterprises’ board of directors has approved a resolution plan to restructure the existing secured financial debt from the bankers of the Company (Existing Debt), as permitted under the Resolution Framework for COVID 19 related Stress announced by the Reserve Bank of India vide circular dated August 6, 2020 (COVID Resolution Framework). The said resolution plan, which remains subject to the approval of the Expert Committee (under the chairmanship of the K. V. Karnath) constituted by the Reserve Bank of India, has been approved by the lenders to the Existing Debt. The board of directors of the company at its meeting held on April 19, 2021, has approved the same.

Borosil Renewables has received approval for expansion plan to raise its production capacity of solar glass by an additional 1000 Tonnes Per Day (TPD) along with all processing capabilities in one or two phases. The estimated capital outlay will be Rs 1000 crore. The board of director of the company at their meeting held on April 19, 2021 approved the same.

Heranba Industries has received consent to establish (CTE) from Gujarat Pollution Control Board (GPCB) for manufacturing of pesticides, intermediates, fungicides, herbicides and insecticides (Products) at its Plot situated at Plot No. C-195 and C-196 in the Saykha Industrial Estate, within the village limits of Saykha, Taluka- Vagra, Dist. Bharuch (Saykha Plot).

Zensar Technologies is currently trading at Rs. 267.45, up by 5.05 points or 1.92% from its previous closing of Rs. 262.40 on the BSE.

The scrip opened at Rs. 263.30 and has touched a high and low of Rs. 267.95 and Rs. 263.30 respectively. So far 2071 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 346.95 on 16-Mar-2021 and a 52 week low of Rs. 77.50 on 06-May-2020.

Last one week high and low of the scrip stood at Rs. 276.00 and Rs. 255.00 respectively. The current market cap of the company is Rs. 6031.96 crore.

The promoters holding in the company stood at 49.19%, while Institutions and Non-Institutions held 40.60% and 10.22% respectively.

Zensar Technologies has completed the process merger of the US-based 100% step-down subsidiaries (Merging Entities) into Zensar Technologies Inc., USA, a material wholly owned subsidiary of the company. The requisite filing process of merger applications, with respective local authorities/states, has been completed and with effective date of merger being April 1, 2021, the process is completed.

The four Merging Entities were Keystone Logic Inc., Professional Access, Cynosure Inc. and Indigo Slate Inc. Earlier, the company’s board had in-principally consented/authorised/approved merger.

Zensar Technologies, formerly known as ICIL was acquired by the RPG group in 1989. It is a globally focused software and services company spread across eighteen countries across the world.