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

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

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 Gurgaon 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 raised 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 Europe-based 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. 1 2 "Board of Directors". WNS. Retrieved 9 July 2023.
  3. 1 2 "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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