WNS Global Services

WNS (Holdings) Limited (NYSE: WNS) is a global business process management company headquartered in Mumbai, India. The company has expanded to 60 delivery centers worldwide.[4]

WNS Global Services
TypePublic
NYSE: WNS
IndustryBusiness process management, outsourcing, IT consulting
Founded1996
Headquarters
Mumbai, India[1]
Area served
Worldwide
Key people
Timothy Main[2]
(Chairman)
Keshav R Murugesh[2]
(Group CEO)
RevenueIncrease US $1,224.3 million[3]
Number of employees
59,755 (March 31, 2023)[3]
Websitehttps://www.wns.com

History

WNS was founded in 1996 by British Airways as Speedwing World Network Services in Mumbai. In May 2002, a 70% shareholding was sold to Warburg Pincus.[5]

  • 1999 – A delivery centre was launched in Pune, India.[6]
  • 2004 – New centres were set up in Colombo in Sri Lanka and Gurugram in India.[7]
  • 2006 – Initial public offering listing on the NYSE, the first Indian business process outsourcing company to be listed on the exchange. It raises about $224 million at $20 per ADS.[8]
  • 2012 –The first delivery centre in North America was set up to service US clients.[9] During this year, a centre was also set up in Poland.
  • 2013 – Launched new centre in China[10] and Warburg Pincus sells its entire stake in WNS.
  • 2014 – Launched new centre in Pennsylvania.[11]

Acquisitions
  • 2012: Took over Fusion Outsourcing Services in South Africa.[12][13]
  • 2016: Acquired Value Edge.[14]
  • 2017: Acquired Denali Sourcing Services and HealthHelp.[15]
  • 2022: WNS acquires Vuram an enterprise automation services company,[16] The Smart Cube, a London headquartered provider of platform-driven research and analytics[17] and OptiBuy, a leading European provider of procurement platform consulting and implementation solutions.[18]

References
  1. "Contacts, locations". WNS. Archived from the original on 15 October 2018. Retrieved 15 January 2013.
  2. "Board of Directors". WNS. Retrieved 9 July 2023.
  3. "WNS Announces Fiscal 2023 Fourth Quarter and Full Year Earnings, Provides Guidance for Fiscal 2024". WNS. Retrieved 27 April 2023.
  4. "A Bet on India". Forbes. Archived from the original on 4 September 2018. Retrieved 21 July 2006.
  5. Warburg Pincus acquires WNS Stake Archived 27 September 2020 at the Wayback Machine Private Equity International 28 May 2002
  6. "Mr. Keshav R. Murugesh, Group CEO, WNS Group". India Infoline. Archived from the original on 22 December 2014. Retrieved 21 December 2014.
  7. "Sri Lanka embraces outsourcing". BBC. 13 July 2004. Archived from the original on 5 March 2016. Retrieved 13 July 2004.
  8. "WNS Holdings debuts on NYSE". Economic Times. Archived from the original on 25 December 2014. Retrieved 27 July 2006.
  9. "WNS Global Services opens up new facility in South Carolina". Economic Times. 28 May 2012. Archived from the original on 25 December 2014. Retrieved 28 May 2012.
  10. "WNS Global Services, Aegis & Genpact look to build out operations in China". Economic Times. Archived from the original on 25 December 2014. Retrieved 9 August 2013.
  11. "Expansion of WNS Facility to bring over 300 jobs to Luzerne County". Penn’s Northeast. Retrieved 4 January 2016.
  12. "WNS buys South Africa-based Fusion for GBP 10 million". The Hindu Business Line. Archived from the original on 12 March 2021. Retrieved 19 January 2015.
  13. "WNS acquires SA based Fusion Outsourcing for £10 million". BPeSA. Archived from the original on 14 April 2016. Retrieved 5 July 2012.
  14. "WNS buys Value Edge Research for about $17.5 million". Economic Times. Archived from the original on 24 April 2016. Retrieved 21 April 2014.
  15. "WNS acquires HealthHelp for $95 million". The Hindu. 15 March 2017. Archived from the original on 12 November 2020. Retrieved 15 March 2017.
  16. "WNS Expands Intelligent Automation Capabilities with Acquisition of Vuram | WNS Holdings Ltd". Benzinga. Retrieved 1 July 2022.
  17. "WNS acquires The Smart Cube to enhance digital analytics and procurement capabilities | Manufacturing & Logistics IT Magazine". www.logisticsit.com. Retrieved 19 December 2022.
  18. "WNS PRESS RELEASE".
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