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Tag: Genpact

  • Genpact appoints Sanjeev Vohra as chief technology & innovation officer

    Genpact appoints Sanjeev Vohra as chief technology & innovation officer

    Mumbai: Genpact, a global professional services and solutions firm, has announced that Sanjeev Vohra has been named as the company’s first chief technology & innovation officer, effective immediately. Vohra will report to president and CEO, Balkrishan “BK” Kalra.

    Vohra, a seasoned leader, and respected innovator, brings more than 30 years of technology, consulting and industry expertise to Genpact. His appointment will help accelerate the delivery of AI and advanced technologies solutions, enabling higher client value and opportunities for business growth. He will also drive Genpact’s technology strategy, innovation framework, strategic partnerships and future-proof talent roadmap and skill rotation, enhancing the overall technology expertise within Genpact.

    “Sanjeev brings tremendous AI and advanced technologies expertise to Genpact and an inclusive, people-first leadership style to our team,” said  Genpact president and CEO Balkrishan “BK” Kalra. “Our teams are critical to our success, and we’ve made significant progress in scaling our broader technology skills as part of our overall investment in Data, Tech and AI. Sanjeev’s visionary thinking will be invaluable as we embed AI and advanced technologies in every client conversation and deepen our internal technology expertise throughout Genpact.”

    Most recently, Vohra served as the global lead of Accenture applied intelligence where he spearheaded the aggressive growth of Accenture’s Data and AI business and advised C-suite executives across industries to unlock value through the strategic application of data, advanced analytics and AI. During his tenure at Accenture, he held a variety of leadership roles focused on large-scale digital transformation to create new growth opportunities and served as a member of Accenture’s global management committee.

    “I am excited to lead Genpact’s AI and advanced technology initiatives at such a pivotal moment,” said Genpact chief technology & innovation officer Sanjeev Vohra. “There is a tremendous opportunity to leverage the capabilities of advanced technologies for positive change and unlock value for clients and shareholders. Genpact’s deep domain expertise, intense focus on process and commitment to scale broader technology will allow us to accelerate the pace at which we deliver digital transformation for our clients. I look forward to working with our talented, global teams to create unparalleled value by harnessing the power of advanced technologies and depth of process knowledge.”

  • Amita Maheshwari bids adieu to Kedaara Capital

    Amita Maheshwari bids adieu to Kedaara Capital

    Mumbai: Kedaara Capital MD & operating director Amita Maheshwari has decided to depart from the firm to embark on a new phase of her life. She plans to dedicate her time to giving back to society and the industry, utilizing her expertise in fostering talent, shaping culture and driving digitization in high-growth enterprise and building a social impact agenda.

    Prior to her role at Kedaara, Amita worked as President and Head of HR for Star India and later as the Head of HR for The Walt Disney Company and Star TV, including Disney Hotstar for Asia-Pacific, Middle East and India for 14 yrs. She spearheaded HR operations across 27 markets in Asia, including India, China, Japan, Korea, and the rest of the region.

    She played a pivotal role in facilitating the integration and transition of Fox and Disney across the Asia-Pacific, India and the Middle East as well as launching Disney+ and Disney+Hotstar in 11 APAC markets. Furthermore, she played a key role in the successful launch of the OTT platform Hotstar in India under the leadership of Uday Shankar. Over her 30-year career, she has held positions at Asian Paints, GE, Genpact, and MetLife Insurance, lending her expertise to diverse industries.

  • Genpact propels AI-first strategy with new leadership appointments

    Genpact propels AI-first strategy with new leadership appointments

    Mumbai: Genpact (NYSE: G), a global professional services firm focused on delivering outcomes that transform businesses, has announced two new executive leadership appointments. These appointments demonstrate the company’s continued focus on strengthening its executive team with transformative digital leaders to propel the company into its next chapter of growth, leveraging data, technology, and AI-first principles.  

    Vipin Gairola has been appointed Genpact’s global operating officer and is leading the charge of transforming service delivery for Genpact’s clients by leveraging AI-led solutions. As global operating officer, Gairola oversees Genpact’s global client operations, analytics, data, technology across all countries. He is part of Genpact’s Leadership Council and will lead the company’s operations and cost council. Gairola comes to Genpact from Accenture, where he served in several senior leadership roles over the past two decades. His most recent role was chief strategy officer for accenture operations.

    Vidya Rao, Genpact’s chief information officer, takes on an expanded role of chief technology and transformation officer. In this role, she will be at the forefront of reimagining Genpact’s internal processes, tools, technologies, and infrastructure with an AI-first approach. Furthermore, Rao will also play a crucial role in establishing a world-class data office to fortify Genpact’s data capabilities. This will enable Genpact to harness the power of data and drive insights to guide our AI and Automation initiatives effectively and shape our internal functions for the future.

    “We are excited to have highly talented and transformative individuals in key leadership roles at Genpact. Vidya and Vipin’s appointment emphasizes our ongoing strategy to re-energize our leadership team to drive us into our next chapter of growth,” said Genpact president and CEO BK Kalra. “More and more of our leadership has deep expertise in data, analytics, operations, and AI and their experience will play a pivotal role in how Genpact and our clients will do the work in an AI-driven world.”

  • Genpact recognised for analytics solutions & digital capabilities

    Genpact recognised for analytics solutions & digital capabilities

    MUMBAI: Genpact, a global professional services firm focused on delivering digital transformation for clients has announced that Everest Group has named Genpact as a “Leader” and “Star Performer” in its 2017 Analytics Business Process Services (BPS) Service Provider Landscape with PEAK Matrix™ Assessment. In North America specifically, Everest Group positioned Genpact as the market leader for Analytics Services market share.

    The report evaluates 18 providers of global analytics BPS on their market success and delivery capabilities. Everest Group cites Genpact as a dominant leader in the space for its broadened scope of advanced analytics solutions; strategic acquisitions such as Endeavour Technologies and PNMsoft; and digital capabilities in machine learning, cognitive computing, and Internet of Things.

    “Genpact has successfully used its existing accounts to grow its analytics business, putting to good use its expertise and experience in those industry verticals, and rising to become a Leader and a Star Performer,” said Everest Group practice director Anupam Jain. Its investments and partnerships, including those with academia, will allow Genpact to meet future client demands and stay competitive in the rapidly evolving analytics market.”

    Enterprises are shifting their approach to global analytics. To obtain a full picture of their entire businesses and gain greater insights, they are moving from piecemeal solutions to enterprise-wide, industrialized solutions. To be more effective, enterprises are partnering with one or two key strategic vendors to manage their company-wide analytics.

    Everest Group recognized Genpact’s analytics capabilities, flexibility, and customer responsiveness to improve business operations. Genpact helps enterprises harness data to transform operations to make smarter decisions and meet business goals.

    For example, Genpact used advanced analytics to help a consumer finance company acquire two million new customers by enabling more than 1,500 direct marketing campaigns. Genpact embedded analytics across marketing, risk, collections, and operations functions to generate $700 million of business impact for the client over ten years.

    “Our digitally-enabled analytics capabilities are pivotal in our ability to improve business operations and drive transformational value for our clients across industries,” said Genpact senior vice president and business leader – analytics and research Rohit Tandon. “Through our distinctive Data-to-Insight-to-Action approach, we help enterprises become more competitive. During 2016 alone, Genpact’s analytics interventions generated over $2 billion in annual impact for clients in support of their growth initiatives.”

  • Genpact and BITS partner to build talent in the field of analytics

    Genpact and BITS partner to build talent in the field of analytics

    NEW DELHI: Genpact (NYSE: G), a global leader in digitally-powered business process management and services, today announced a partnership with premier technical education university Birla Institute of Technology and Science (BITS) for offering training programs in the field of analytics.

    “The emergence of big data, regulatory changes and social media are causing a big shift in the way businesses operate. This partnership is yet another step towards providing learning opportunities in the analytics domain,”said Sidhartha Shishoo, Vice President and People Function leader, Analytics and Research, Genpact.

    As part of the collaborative arrangement, BITS will design and operate world-class educational programs for Genpact. These programs will lead to specific degrees awarded jointly by Genpact and BITS through its Work Integrated Learning Programs and will be equivalent to the corresponding degrees awarded by BITS.

    Leveraging Genpact’s broad suite of analytics solutions and rich experience of serving multiple industries globally, the customized proprietary training programs will enable employees to get a better understanding of the tools and techniques, synergize theory with practice on a sustained basis, and learn about the latest business applications and industry trends.

    “This will help young professionals build a deeper appreciation of analytical tools and their application in an increasingly data-driven and technologically connected world,” said Sudhanshu Singh, SVP and COO, Analytics and Research, Genpact.

    Students from BITS receive opportunities for long-term internships at various Genpact offices every year. Further strengthening the ties, Genpact will extend support in planning, organizing and implementing the Practice School program of BITS, which allows its students to apply the knowledge acquired in the classroom to the real-work environment at Genpact under the supervision of BITS faculty.

    “This collaboration will open new vistas of industry relevant continuing education for employees of Genpact and also provide rich experiential learning opportunities to the BITS students,” said Professor G. Sundar, Director Off-Campus Programs and Industry Engagement, BITS.

    In addition to this, Genpact and BITS intend to build a broader learning platform for analytics, which includes capability development and innovation in the analytics domain as well as incubation of new ideas and joint research for a larger ecosystem around data-enabled decision-making.

  • Genpact and BITS partner to build talent in the field of analytics

    Genpact and BITS partner to build talent in the field of analytics

    NEW DELHI: Genpact (NYSE: G), a global leader in digitally-powered business process management and services, today announced a partnership with premier technical education university Birla Institute of Technology and Science (BITS) for offering training programs in the field of analytics.

    “The emergence of big data, regulatory changes and social media are causing a big shift in the way businesses operate. This partnership is yet another step towards providing learning opportunities in the analytics domain,”said Sidhartha Shishoo, Vice President and People Function leader, Analytics and Research, Genpact.

    As part of the collaborative arrangement, BITS will design and operate world-class educational programs for Genpact. These programs will lead to specific degrees awarded jointly by Genpact and BITS through its Work Integrated Learning Programs and will be equivalent to the corresponding degrees awarded by BITS.

    Leveraging Genpact’s broad suite of analytics solutions and rich experience of serving multiple industries globally, the customized proprietary training programs will enable employees to get a better understanding of the tools and techniques, synergize theory with practice on a sustained basis, and learn about the latest business applications and industry trends.

    “This will help young professionals build a deeper appreciation of analytical tools and their application in an increasingly data-driven and technologically connected world,” said Sudhanshu Singh, SVP and COO, Analytics and Research, Genpact.

    Students from BITS receive opportunities for long-term internships at various Genpact offices every year. Further strengthening the ties, Genpact will extend support in planning, organizing and implementing the Practice School program of BITS, which allows its students to apply the knowledge acquired in the classroom to the real-work environment at Genpact under the supervision of BITS faculty.

    “This collaboration will open new vistas of industry relevant continuing education for employees of Genpact and also provide rich experiential learning opportunities to the BITS students,” said Professor G. Sundar, Director Off-Campus Programs and Industry Engagement, BITS.

    In addition to this, Genpact and BITS intend to build a broader learning platform for analytics, which includes capability development and innovation in the analytics domain as well as incubation of new ideas and joint research for a larger ecosystem around data-enabled decision-making.

  • Kanika Kalra quits Hindustan Unilever; to join Snapdeal

    Kanika Kalra quits Hindustan Unilever; to join Snapdeal

    MUMBAI: Hindustan Unilever’s  executive vice president for marketing Kanika Kalra has put down her papers and is set to join ecommerce giant Snapdeal as its marketing head, as per media reports.  Kalra was brand director for Hindustan Lever’s biggest skin cream brand Fair & Lovely. Kalra will focus on gaining deeper customer insights, making the business more customers centric, driving creativity and ensuring quality in all communication at Snapdeal say sources.

    Delhi-based Jasper Infotech, which owns and operates Snapdeal, has shortlisted Kalra as replacement for its marketing SVP Srinivas Murthy, sources confirmed to a leading business daily, though Snapdeal  refused to comment when approached. 

    Prior to joining HUL eight years ago and working as global brand manager and global brand director, Kalra was a senior manager at Pepsi. She has also worked with Glaxosmithkline Consumer Healthcare Limited and Genpact.

  • Kanika Kalra quits Hindustan Unilever; to join Snapdeal

    Kanika Kalra quits Hindustan Unilever; to join Snapdeal

    MUMBAI: Hindustan Unilever’s  executive vice president for marketing Kanika Kalra has put down her papers and is set to join ecommerce giant Snapdeal as its marketing head, as per media reports.  Kalra was brand director for Hindustan Lever’s biggest skin cream brand Fair & Lovely. Kalra will focus on gaining deeper customer insights, making the business more customers centric, driving creativity and ensuring quality in all communication at Snapdeal say sources.

    Delhi-based Jasper Infotech, which owns and operates Snapdeal, has shortlisted Kalra as replacement for its marketing SVP Srinivas Murthy, sources confirmed to a leading business daily, though Snapdeal  refused to comment when approached. 

    Prior to joining HUL eight years ago and working as global brand manager and global brand director, Kalra was a senior manager at Pepsi. She has also worked with Glaxosmithkline Consumer Healthcare Limited and Genpact.

  • Q3-2016: NDTV’s YoY revenue flat, operating loss lower

    Q3-2016: NDTV’s YoY revenue flat, operating loss lower

    BENGALURU: New Delhi Television Limited (NDTV) reported flat (down one per cent) year-on year (YoY) Total Income from Operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter). NDTV reported TIO of Rs 148.41 crore for Q3-2016 as compared to Rs 149.93 crore and 16.3 per cent higher QoQ growth as compared to Rs 127.60 crore.

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    All numbers In this report are consolidated unless stated otherwise.

    The company reported a lower operating loss (EBIDTA) of Rs 4.45 crore in Q3-2016 as compared to an operating profit of Rs 13.44 crore (nine per cent margin) in Q3-2015 and an operating loss of Rs 10.91 crore in Q2-2016.

    The company reported a net loss of Rs 12.54 crore as compared to a profit after tax of Rs 1.58 crore (1.1 per cent margin) in Q3-2015 and a higher net loss of Rs 17.19 crore in the immediate trailing quarter.

    Television Media and related operations segment:

    Television Media and related operations (Television segment) also include numbers from the company’s Digital business. Television segment reported 2.2 per cent YoY revenue growth at Rs 147.96 crore as compared to Rs 144.74 crore and 18.1 per cent QoQ revenue growth and that of Rs 125.25 crore in the immediate trailing quarter.

    The segment reported operating loss of Rs 3.44 crore in the current quarter as compared to an operating profit of Rs 13.41 crore in Q3-2015 and a higher loss of Rs 8.41 crore in the immediate trailing quarter.

    Retail/E-Commerce segment:

    NDTV’s Retail/E-commerce segment reported lower revenue of Rs 3.85 crore in the current quarter as compared to Rs 6.06 crore in Q3-2015 and revenue of Rs 3.95 crore in Q2-2016. The segment reported a higher operating loss of Rs 6.50 crore in Q3-2016 as compared to an operating loss of Rs 6.02 crore in Q3-2015 and a higher operating loss of Rs 10.89 crore in Q2-2016.

    Let us look at the other numbers reported by NDTV:

    Total Expenditure (TE) in the current quarter increased 9.6 per cent YoY to Rs 159.89 crore (107.7 per cent of TIO) as compared to Rs 145.94 crore (97.3 per cent of TIO) and increased 7.5 per cent as compared to Rs 148.77 crore (116.6 per cent of TIO) in Q2-2016.

    NDTV’s consolidated Production Expense increased 6.3 per cent YoY to Rs 30.42 crore (20.5 percent of TIO) as compared to Rs 28.63 crore (19.1 per cent of TIO) and increased 7.5 per cent as compared  Rs 27.41 crore in Q2-2016.

    The company’s marketing, distribution and promotional expense (Marketing expense) in the current quarter increased 18.1 per cent YoY to Rs 36.50 crore (24.6 per cent of TIO) and increased 20.5 per cent as compared to Rs 30.28 crore (23.7 per cent of TIO) in the immediate trailing quarter. 

    NDTV’s Employee Benefit Expense increased 9.7 per cent YoY in the current quarter to Rs 50.72 crore (34.2 per cent of TIO) as compared to Rs 46.24 crore (30.8 per cent of TIO) and increased 6.5 per cent as compared to Rs 47.63 crore (37.3 per cent of TIO).

    Operating and administration expenses in Q3-2016 increased 24.8 per cent YoY to Rs 34.60 crore (23.3 per cent of TIO) as compared to Rs 27.73 crore (18.5 per cent of TIO) and grew 10.1 per cent QoQ as compared to Rs 31.42 crore (24.6 per cent of TIO).

    Finance Costs in the current quarter increased 4.8 per cent YoY to Rs 5.49 crore (3.6 per cent of TIO) as compared to Rs 5.05 crore (3.4 per cent of TIO) and increased 1.1 per cent QoQ as compared to Rs 5.23 crore (3.6 per cent of TIO).

    Company speak:

    The company says that two start-ups have been funded:

    BandBaajaa.com – designed to launch NDTV into the online wedding and festival planning market was funded by leading US venture capital firm CerraCap Ventures at a valuation of $20 million.

    SmartCooky.com – NDTV’s foray into creating an online marketplace for health foods & personal care products raised funding from VLCC founder Vandana Luthra and others at a valuation of $12 million.

    Gadgets360.com – NDTV’s Gadget Portal

    NDTV says Gadgets360’s e-commerce business clocked product sales of Rs 21 crore till January 2016 within two months of the launch while maintaining a positive contribution margin. NDTV says that Gadget360 shipped more than 20,000 gadgets during the aforesaid period.

  • Q3-2016: NDTV’s YoY revenue flat, operating loss lower

    Q3-2016: NDTV’s YoY revenue flat, operating loss lower

    BENGALURU: New Delhi Television Limited (NDTV) reported flat (down one per cent) year-on year (YoY) Total Income from Operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter). NDTV reported TIO of Rs 148.41 crore for Q3-2016 as compared to Rs 149.93 crore and 16.3 per cent higher QoQ growth as compared to Rs 127.60 crore.

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    All numbers In this report are consolidated unless stated otherwise.

    The company reported a lower operating loss (EBIDTA) of Rs 4.45 crore in Q3-2016 as compared to an operating profit of Rs 13.44 crore (nine per cent margin) in Q3-2015 and an operating loss of Rs 10.91 crore in Q2-2016.

    The company reported a net loss of Rs 12.54 crore as compared to a profit after tax of Rs 1.58 crore (1.1 per cent margin) in Q3-2015 and a higher net loss of Rs 17.19 crore in the immediate trailing quarter.

    Television Media and related operations segment:

    Television Media and related operations (Television segment) also include numbers from the company’s Digital business. Television segment reported 2.2 per cent YoY revenue growth at Rs 147.96 crore as compared to Rs 144.74 crore and 18.1 per cent QoQ revenue growth and that of Rs 125.25 crore in the immediate trailing quarter.

    The segment reported operating loss of Rs 3.44 crore in the current quarter as compared to an operating profit of Rs 13.41 crore in Q3-2015 and a higher loss of Rs 8.41 crore in the immediate trailing quarter.

    Retail/E-Commerce segment:

    NDTV’s Retail/E-commerce segment reported lower revenue of Rs 3.85 crore in the current quarter as compared to Rs 6.06 crore in Q3-2015 and revenue of Rs 3.95 crore in Q2-2016. The segment reported a higher operating loss of Rs 6.50 crore in Q3-2016 as compared to an operating loss of Rs 6.02 crore in Q3-2015 and a higher operating loss of Rs 10.89 crore in Q2-2016.

    Let us look at the other numbers reported by NDTV:

    Total Expenditure (TE) in the current quarter increased 9.6 per cent YoY to Rs 159.89 crore (107.7 per cent of TIO) as compared to Rs 145.94 crore (97.3 per cent of TIO) and increased 7.5 per cent as compared to Rs 148.77 crore (116.6 per cent of TIO) in Q2-2016.

    NDTV’s consolidated Production Expense increased 6.3 per cent YoY to Rs 30.42 crore (20.5 percent of TIO) as compared to Rs 28.63 crore (19.1 per cent of TIO) and increased 7.5 per cent as compared  Rs 27.41 crore in Q2-2016.

    The company’s marketing, distribution and promotional expense (Marketing expense) in the current quarter increased 18.1 per cent YoY to Rs 36.50 crore (24.6 per cent of TIO) and increased 20.5 per cent as compared to Rs 30.28 crore (23.7 per cent of TIO) in the immediate trailing quarter. 

    NDTV’s Employee Benefit Expense increased 9.7 per cent YoY in the current quarter to Rs 50.72 crore (34.2 per cent of TIO) as compared to Rs 46.24 crore (30.8 per cent of TIO) and increased 6.5 per cent as compared to Rs 47.63 crore (37.3 per cent of TIO).

    Operating and administration expenses in Q3-2016 increased 24.8 per cent YoY to Rs 34.60 crore (23.3 per cent of TIO) as compared to Rs 27.73 crore (18.5 per cent of TIO) and grew 10.1 per cent QoQ as compared to Rs 31.42 crore (24.6 per cent of TIO).

    Finance Costs in the current quarter increased 4.8 per cent YoY to Rs 5.49 crore (3.6 per cent of TIO) as compared to Rs 5.05 crore (3.4 per cent of TIO) and increased 1.1 per cent QoQ as compared to Rs 5.23 crore (3.6 per cent of TIO).

    Company speak:

    The company says that two start-ups have been funded:

    BandBaajaa.com – designed to launch NDTV into the online wedding and festival planning market was funded by leading US venture capital firm CerraCap Ventures at a valuation of $20 million.

    SmartCooky.com – NDTV’s foray into creating an online marketplace for health foods & personal care products raised funding from VLCC founder Vandana Luthra and others at a valuation of $12 million.

    Gadgets360.com – NDTV’s Gadget Portal

    NDTV says Gadgets360’s e-commerce business clocked product sales of Rs 21 crore till January 2016 within two months of the launch while maintaining a positive contribution margin. NDTV says that Gadget360 shipped more than 20,000 gadgets during the aforesaid period.