Firstsource Solutions Ltd. is a global provider of business process management solutions. It offers a wide range of services to the banking, financial, telecommunications, media, and healthcare sectors. It was incorporated in 2001, with its headquarters in Mumbai. For the quarter that ended in June 2022, the company posted a total income of Rs 1,478.71 crore. It was down by 4.20% from the previous quarter that ended in March 2022. The company’s market capitalisation on 1 November 2022 stood at Rs 7,297 crore.
The company is listed on the Bombay Stock Exchange with the code 532809 and on the National Stock Exchange with the code FSL.
At the time of incorporation, the company was known as ICICI InfoTech Upstream Ltd, a business process outsourcing entity wholly owned by ICICI Bank. It changed its name to Firstsource Solutions Ltd. in 2006. The company made a public offer in February 2007 and became a listed company on the Bombay Stock Exchange and the National Stock Exchange. It is also listed on the MCX Stock Exchange.
On 30 June 2022, the company’s shareholding pattern revealed a 53.66% promoter’s stake, a 7.95% foreign institutional investors’ stake, a 14.57% domestic institutional investors’ stake, and public holdings of 21.5%. The promoter’s share belongs to RPSG Ventures Ltd. In the June 2022 quarter, mutual funds holdings decreased from 12.91% to 12.84%, while FIIs holdings increased from 7.79% to 7.95%.
The company’s senior leadership team comprises Mr Vipul Khanna, Mr Prashanth Nandella, Mr Dinesh Jain, Mr Venkatgiri Vandali, Mr Rajiv Malhotra, Mr Sundara Sukavanam, Mr Steve Schachter, Mr Randall L Shafer, Mr Arjun Mitra, Ms Rajlakshmi Raghavan, and Ms Shuchika Sahay. Deloitte Haskins & Sells LLP are the auditors of the company. As of 30 June 2022, the number of outstanding shares was 69.70 crores.
On 1 November 2022, the company’s share price was trending at Rs 104.70 on BSE, and on NSE, it was trending at Rs 104.60. In 52 weeks, the share’s highest price was Rs 209.35, and its lowest price was Rs 93. The investor’s return for six months and one year was -16.24% and -48.70%, respectively.
Firstsource Solutions Ltd belongs to the industry of business process management. Its peers include Hinduja Global Solutions Ltd, Vakrangee Ltd, eClerx Services Ltd, and ALLSEC Technologies Ltd.
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