Mphasis Limited is a multinational IT consulting company headquartered in Bengaluru. The company provides a wide range of software services with applications in data analysis, cyber security, experience design, and the development of platforms and protocols. The company was founded in 1992 and currently has around 30,000 employees. Its parent organisations are Blackstone, Inc. and Electronic Data Systems.
On 15 December 2022, the market capitalisation of the company was Rs 37,643.96 crore. It reported consolidated sales of Rs 2,370.9 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 526299 and the National Stock Exchange with the code MPHASIS.
The promoters of Mphasis currently hold approximately 55.7% of the company. There is no FII investment in the company. Various mutual funds hold around 11.95% of the company. The total public stake in the company is approximately 26.74%. The public stake in the company has grown more than 400% since December 2021.
Davindra Singh Brar is the chairman of the company, and Nitin Rakesh is the CEO and managing director. Amit Dalmia, Amit Dixit, Courtney Della Cava, David Lawrence Johnson, Kabir Mathur, and Pankaj Sood are the other directors of the company. BSR and Co. LLP are the auditors of Mphasis. As of December 2022, the company had around 18.8 crore shares outstanding.
On 15 December 2022, Mphasis Ltd.’s share’s price on NSE was Rs 1,962.35 and Rs 1,964.45 on BSE. The share price touched a 52-week high of Rs 3,476.6 and a 52-week low of Rs 1,898.2. Its three-month return to investors was -6.3%, while its one-year return was -38.7%. The company’s gross revenue grew 4% quarter-on-quarter during the second year of FY23.
As of November 2022, Mirae Asset Large Cap Direct-G has invested Rs 200.34 crore in the company. Other prominent mutual funds, with investments in Mphasis, include Canara Robeco Emerging Equities, with an investment of Rs 187.8 crore, and Mirae Asset Focused Fund Direct, with an investment of Rs 165.71 crore in the company.
Companies such as L&T Tech, Persistent System, and Tata Elxsi are some of the peers of Mphasis.
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