Igate Hardcopy

8/19/2019 Igate Hardcopy

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Sinhgad Technical Education Society’s

Sinhgad Institute Of Management, Pune

Vadgaon (Bk), Pune - 41

A Report on Enterprise Analysis

on

IGATE

Submitted to Singad !nstitute o" #anagement

$nder te %uidan&e o" Prof. Ruali Ro!de

By-

Suar" Sharma I#$%

&ogesh Shinde I#$$

Prassana Shrigod I#$'

Preeti Sona(ane I#$)

Ani!et Sonitale I#$*

1


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I+E-

Sr. +o. Particulars Page

+o

1 Enterprise 'istory and Ba&kground 4

rgani*ations 1

+ #arkets

4 inan&ials +4

. %o/ernan&e 4+

2


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eclaration

0e ereby de&lare tat te Enterprise analysis proe&t "or IGate submitted "or internal e/aluation

purpose o" #BA "irst year is our original 2ork and not "ormed basis "or a2ard "or any degree,

internsip, "ello2sip or any oter similar titles3

Suar Sarma ( )

5oges Sinde ()

Prassana Srigod ()

Preeti Sona2ane ()

Aniket Sonpitale ()

3


4/52

UNIT 1

E+TERPRISE ISTOR& A+ /A01GRO2+

%.% I+TRO20TIO+

!%A6E is a global leader in pro/iding integrated te&nology and operations-based solutions3

!%A6E pro/ides solutions to &lients7 business &allenges by le/eraging its te&nology and

pro&ess &apabilities, under2ritten by an understanding o" domain and industry imperati/es3

0e o""er produ&ti*ed appli&ations and plat"orms tat pro/ide te ne&essary &ompetiti/e and

inno/ation edge to &lients a&ross industries, troug a &ombination o" speed, agility and

imagination3 At a time 2en te te&nology lands&ape is &anging dramati&ally, 2e belie/e tat

tese tree attributes 2ill be te key guiding prin&iples "or us to na/igate our 2ay to iger /alue

"or all our stake olders3

i%A6E 8orporation (i%A6E) is an outsour&ing pro/ider o" integrated end-to-end o""sore &entri&

in"ormation te&nology (!6) and !6-enabled operations solutions and ser/i&es3 i%A6E deli/ers a

range o" !6 ser/i&es troug globally integrated onsite and o""sore deli/ery lo&ations primarily

in !ndia3 6e 8ompany o""ers its ser/i&es to &ustomers troug industry "o&used pra&ti&es,

in&luding insuran&e and ealt&are (!'8), manu"a&turing, retail and logisti&s (#R9:), banking

and "inan&ial ser/i&es (BS), &ommuni&ations and utilities (8E$), and media and entertainment

(#E:6) and troug te&nology "o&used pra&ti&es3 !t operates its business prin&ipally troug its

2olly o2ned operating subsidiaries i%A6E 6e&nologies, i%A6E %lobal and Patni3 n #ay 1,

;11, it a&


5/52

%.3 ISTOR&

1==> ?8ompleted su&&ess"ul !P

1== ? Su&&ess"ul Se&ondary Sto&k ""ering

? &lo&ks @4;# in Re/enues

1== ? Ranked on orbes #aga*ine7s list o" Cte Best Small 8ompanies in Ameri&aC

? Announ&ed a t2o-"or-one sto&ks split

;;; ? #as&ot Systems :imited (#as&ot), !ndia 2as "ormed as te o""sore de/elopment

&enter o" !%A6E

;; ? !%A6E 8apital 8orporation &anges its name to !%A6E 8orporation

;;+ ? #as&ot name &anged to !%A6E %lobal Solutions :imited (!%S)

? Regroups all subsidiary entities under !%A6E %lobal Solutions and !%A6E Pro"essional

Ser/i&es

? !%S a&


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? !n"rastru&ture enan&ed 2it &reation o" ne2 !ndia 8orporate ""i&e on a 1;;,;;; s


7/52

? Ranked 6ird in te Annual 9ata;; million in a single


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%.$ 4ISIO+ 5 MISSIO+ A+ 4A62ES

4ision

A &ompany admired "or its te&nology and pro&ess eF&ellen&e &ommitted to te su&&ess o" allstakeolders

Mission

• Superior and predi&table "inan&ial per"orman&e

• !nno/ati/e and learning &ompany

• EFe&ution EF&ellen&e

• 'ig per"orman&e merito&ra&y

• So&ially &ons&ious

4alues

• 8ara&ter

• 8ommitment

• 8ompeten&y

ur &olle&ti/e /alues are de"ined by tree 2ords? 0haracter, 0ommitment and 0ometency. A

sigma o" ea& indi/idual &ara&ter pronoun&es te &ara&ter o" te 8ompany3 ur employee

poli&ies and 'R modules are designed to &ampaign te need to a/e sterling &ara&ter tat

breeds un


9/52

Asho! 4emuri

President and CEO, IGATE Corporation

Asok Vemuri is te President and 8E o" !%A6E 8orporation and also a #ember o" te Board3

Asok most re&ently ser/ed as #ember o" te Board o" !n"osys :imited, 'ead o" Ameri&as and

%lobal 'ead o" #anu"a&turing and Engineering Ser/i&es3

Asok also pre/iously ser/ed as te 8airman o" !n"osys 8ina and 2as on te Board o" !n"osys

Publi& Ser/i&es3 'e earlier establised and ran te inan&ial Ser/i&es and !nsuran&e business "or

nine years, making it te largest business unit 2itin !n"osys3 !n is role as 'ead o" Ameri&as,

Asok 2as responsible "or !n"osys7 business operations in te &ompany7s largest region L 2it

@43 billion in re/enues L and e o/ersa2 all "a&ets o" te business, "rom strategi& dire&tion to

maintaining and impro/ing "inan&ial and operational e""i&ien&y3

Asok pre/iously dire&ted te 2ork o" !n"osys oundation in te $3S3 $nder is guidan&e, te

oundation supported te edu&ation o" underpri/ileged students, te reskilling o" "ormer auto

se&tor employees in 9etroit and oter initiati/es to dri/e edu&ation in te "ields o" s&ien&e,

te&nology, engineering and mat3 'e as also been in/ol/ed in te $7s E/ery 0oman E/ery

8ild mo/ement to impro/e ealt3

Prior to oining !n"osys in 1===, e 2orked in te in/estment banking industry at Bank o"

Ameri&a and 9euts&e Bank3

Asok as been 2idely re&ogni*ed "or is eFpertise in global sour&ing and te&nology-led

trans"ormation3 !n ;1+, e 2as onored as one o" te .; utstanding Asian Ameri&ans in

Business by te Asian Ameri&an Business 8enter3 !n ;;, e 2as sele&ted by leading !ndian

maga*ine, Business 6oday, as one o" !ndia7s . 'ottest 5oung EFe&uti/es3

9


10/52

As a 2ell-respe&ted business and global sour&ing leader, Asok as appeared on broad&ast

outlets in&luding 8B8 and 96V, and as been 2idely


11/52

Sunil 9adh(ani

8o-8airman, !%A6E 8orporation

Sunil 0ad2ani is te 8o-ounder and 8o-8airman o" !%A6E 8orporation (AS9AD? !%6E)3

Sunil 2as one o" te early pioneers o" te !6 industry3 'is /ision guided te de/elopment and

eFe&ution o" !%A6E7s 2orld2ide strategy3

6oday, !%A6E as o/er 4; sales o""i&es and deli/ery &enters a&ross 1> &ountries 2it o/er

+1,;;; employees, pro/iding 8onsulting, !6 and Business Pro&ess utsour&ing ser/i&es3 !%A6E

as been ranked among te top tree Best Employers to 2ork 2it "or te past siF years in a ro2,

and as re&ei/ed se/eral a2ards "or te ig


12/52

Asho! Tri:edi

8o-8airman, !%A6E 8orporation

Asok 6ri/edi is te 8o-ounder and 8o-8airman o" !%A6E 8orporation (AS9AD? !%6E)3

Asok 2as one o" te early pioneers o" te !6 industry and is /ision as guided te

de/elopment and eFe&ution o" !%A6E7s 2orld2ide strategy3

6oday, !%A6E as o/er 4; sales o""i&es and deli/ery &enters a&ross 1> &ountries 2it o/er

+1,;;; employees, pro/iding 8onsulting, !6 and Business Pro&ess utsour&ing ser/i&es3 !%A6E

as been ranked among te top tree Best Employers to 2ork 2it "or te past siF years in a ro2,

and as re&ei/ed se/eral a2ards "or te ig


13/52

Martin G. McGuinn

9ire&tor, !%A6E 8orporation

#artin %3 #&%uinn, as o/er . years o" eFperien&e at te "ormer #ellon inan&ial 8orporation

(no2 6e Bank o" e2 5ork #ellon), a global "inan&ial ser/i&es &ompany ead


14/52

Goran 6indahl


%oran :indal 2as te 8E and President o" te global te&nology and engineering group ABB

ead


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!nter&ontinental Region3 Roy as ser/ed as te 8airman o" te Board o" et2ork Solutions,

::8 and as 9ire&tor o" Ele&troni& 9ata Systems 8orporation3

Roy &urrently ser/es as a 9ire&tor o" 'umana !n&3 'e graduated "rom #an&ester $ni/ersity in

te $nited ingdom 2it a degree in Parma&y in 1=3 'e later re&ei/ed a #aster7s o" Business

Administration "rom #an&ester Business S&ool3 'e is a #ember o" te Royal Parma&euti&al

So&iety o" %reat Britain and ser/es on te Board o" te EFe&uti/e :eadersip 8oun&il

oundation3

Salim +athoo


Salim atoo is a Partner and 8o-'ead o" te %lobal 6ele&om and 6e&nology team at ApaF

Partners ::P, :ondon, a/ing oined ApaF in 1===3 'is deal eFperien&e in&ludes Sopos

:imited, a leading se&urity so"t2are pro/ider, 0eater !n/estments S3p3A3, a olding o"

European, A"ri&an and Asian tele&om assets, 6im 'ellas 6ele&ommuni&ations S3A3, a %reek

mobile operator, S#AR6 6e&nologies !n&3, a leading pro/ider o" intera&ti/e &ollaboration

te&nologies, Prometean 0orld Pl&,a leading pro/ider o" edu&ation te&nology solutions,

!nmarsat %roup 'oldings :imited, a leading mobile satellite &ommuni&ations pro/ider, and

#obi"on S3A3, a leading Romanian mobile operator3

Prior to oining ApaF Partners, Salim spent "our years at #&insey J 8o3 2ere e mainly

ser/ed &lients in te tele&om industry3 'e as also eld sales and marketing and te&ni&al positions at 5EQ 8able&omms :imited and !B# 8orporation respe&ti/ely3

Salim &urrently ser/es on te Boards o" S#AR6 6e&nologies, 2ere e is a member o" te

audit &ommittee, 0eater !n/estments and Sopos3

15


16/52

Salim olds an #BA "rom !SEA9 and an #A in #atemati&s "rom St3 Non7s 8ollege,

8ambridge $ni/ersity3

+aomi O. Seligman


aomi 3 Seligman as been a senior partner at striker /on Simson, a &onsulting "irm "o&using

on in"ormation te&nology, sin&e Nune 1===3 6e partners o" striker /on Simson &air te 8!

Strategy EF&ange, 2i& regularly brings togeter "our /ital


17/52

9illiam G. Parrett


0illiam %3 Parrett 2as a Senior Partner o" 9eloitte J 6ou&e $SA ::P, a publi& a&&ounting

"irm and retired in ;;3 rom ;;+ to #ay ;;, e ser/ed as te 8ie" EFe&uti/e ""i&er o"

9eloitte 6ou&e 6omatsu (966)3 'e 2as a #anaging Partner o" 9eloitte J 6ou&e $SA "rom

1=== to ;;+, and ser/ed in a series o" roles o" in&reasing responsibility sin&e e oined 9eloitte

in 1=>3

0illiam as eFtensi/e eFperien&e in &orporate "inan&e, strategi& planning and management o"

international operations, and is igly skilled in te "ields o" auditing, a&&ounting, internal

&ontrols and risk management3 0illiam also as signi"i&ant kno2ledge in te areas o" eFe&uti/e

&ompensation and &orporate go/ernan&e3

0illiam presently ser/es as an independent 9ire&tor and Audit 8ommittee 8airperson "or 6e

Bla&kstone %roup :P, 6ermo iser S&ienti"i&, $BS A%, and te Eastman odak 8ompany3 'e

is a member o" te Board o" 6rustees o" 8arnegie 'all and Boards o" 9ire&tors o" te 8ommittee

on 8apital #arkets Regulation, and $nited States 8oun&il "or !nternational Business3 'e is te

past 8airman o" te $nited States 8oun&il "or !nternational Business and member o" te

EFe&uti/e 8ommittee o" te !nternational 8amber o" 8ommer&e, and past 8airman o" te

Board o" 6rustees o" $nited 0ay o" Ameri&a3

17


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%.' 0SR A0TI4ITIES

6e Akanksa oundation is a non-pro"it organisation 2it a mission to pro/ide &ildren "rom

lo2-in&ome &ommunities 2it a ig-;; &ildren troug t2o models? te a"ter-s&ool or

&enter model and te S&ool Proe&t3

Akanksa as 1. &enters and 1. s&ools in #umbai and Pune3

6e S&ool Proe&t is a /enture to open ig-


19/52

1.6 Landmark Acquisition

!%A6E, in ;11, a&


20/52

I+TERPEITATIO+

20

6ype Publi& &ompany

6raded as AS9AD? !%6E

!ndustry !6 ser/i&es, BP

ounded 1==>

'ead


21/52

2+IT 3

ORGA+ISATIO+

3.% ORGA+ISATIO+ STR20T2RE

21


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3.3 Geograhical footrint

!%A6E as o""i&es in te "ollo2ing nations? $nited States o" Ameri&a, Australia, Belgium,

8anada, 8ina, !ndia, #eFi&o, #alaysia, Singapore, $nited ingdom, %ermany, Napan,

S2it*erland, Sout A"ri&a and S2eden3

!%A6Es &ustomer deli/ery &enters are lo&ated in Pensa&ola, loridaH El Paso, 6eFasH Sterling,

VirginiaH %uadalaara, #eFi&oH #ississauga, ntarioH Sto&kolm, S2edenH :ondon, $H

Ballarat, AustraliaH Su*ou, 8inaH and #umbai, Bangalore, Pune, 8ennai, 'yderabad, oida

and %andinagar in !ndia3

!%A6E is on &ourse to build a state o" te art employee training &enter in Pune, !ndia and is also

rapidly eFpanding its "a&ilities around te globe3

Glo;al ead.-1;P

EP!P Pase !!, 0ite"ield

Bengaluru .>;;>>

arnataka

!ndia

6el3? K=1 ; 41;4 ;;;;

aF? K=1 ; 41. =;=;

22


23/52

Indian eli:ery 0enters

• !%A6E %lobal Solutions :td3

Plot o? 1.-1>P J 1>.-1;P


Bengaluru .>;;>>

arnataka

!ndia

6el3? K=1 ; 41;4 ;;;;

K=1 ; 41;4 ;;;;

aF? K=1 ; 41. =;=;

• !%A6E #anagement

Ser/i&es P/t3 :td3

Plot o? 1.-1>P J 1>.-1;P


Bengaluru .>;;>>

arnataka

!ndia

6el3? K=1 ; 41;4 ;;;;

K=1 ; 41;4 ;;;;

aF? K=1 ; 41. =;=;

23


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3.$ A;out iGATE certification

i%A6E (asda


25/52

Satis"a&tion s&ore3 6e bottom line result o" tese a&ti/ities is sustained impro/ement in s&edule

and


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I+TERPEITATIO+

%lobal 'ead


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2+IT $

MAR1ET

$.% Ma"or 0ustomers

• Royal Bank Canada

Royal Bank o" 8anada (R5 on 6SQ and 5SE) and its subsidiaries operate under te

master brand name RB83

• 0e are one o" 8anada7s largest banks and one o" te largest banks in te 2orld,

based on market &apitali*ation3

• 0e are one o" ort Ameri&a7s leading di/ersi"ied "inan&ial ser/i&es &ompanies,

and pro/ide personal and &ommer&ial banking, 2ealt management ser/i&es,

insuran&e, in/estor ser/i&es and &apital markets produ&ts and ser/i&es on a global

basis3

• 0e employ approFimately =,;;; "ull- and part-time employees 2o ser/e more

tan 1> million personal, business, publi& se&tor and institutional &lients troug

o""i&es in 8anada, te $3S3 and 4; oter &ountries3

• General Electric

%E 'ealt&are is a subsidiary o" %eneral Ele&tri& (%E), ead


28/52

%E 'ealt&are pro/ides trans"ormational medi&al te&nologies and ser/i&es

elping to deli/er patient &are to people around te 2orld3 6e &ompany

pro/ides medi&al imaging and in"ormation te&nologies, medi&al diagnosti&s,

patient monitoring systems, drug dis&o/ery, bioparma&euti&al manu"a&turing

te&nologies and per"orman&e solutions ser/i&es3

• State Farm

State arm is a group o" insuran&e and "inan&ial ser/i&es &ompanies in te $nited

States3 6e &ompany also as operations in 8anada3

6e group7s main business is State arm #utual Automobile !nsuran&e 8ompany,

a mutual insuran&e "irm tat also o2ns te oter State arm &ompanies3 6e

&orporate ead


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• ac!onalds

6e #&9onald7s 8orporation is te 2orld7s largest &ain o" amburger "ast "ood

restaurants, ser/ing around > million &ustomers daily in 11= &ountries a&ross

+.,;;; outlets3 'ead


30/52

"rom ome mortgage payments and day-to-day eFpenses, to a &ilds edu&ation or

a partners retirement

A&&ident J 'ealt !nsuran&e L ur produ&ts gi/e you one less ting to 2orry

about sould te untinkable appen3 0e prote&t against e/entualities 2it

"leFible le/els o" &o/erage, &as payouts, treatment eFpenses, et&3

9isability !n&ome !nsuran&e L !" you are unable to 2ork due to si&kness or inury,

disability in&ome insuran&e &an elp you meet eFpenses and maintain your

standard o" li/ing by pro/iding "inan&ial se&urity until you get ba&k on your "eet3

8redit !nsuran&e L ur debt prote&tion produ&ts &an elp take te strain o"" you

and your lo/ed ones sould you be&ome unable to repay "inan&ial &ommitments

due to deat or illness3

Auto J 'ome !nsuran&e L 5ou &an prote&t your &ar and residen&e as 2ell as te

pre&ious belongings inside 2it te rigt insuran&e poli&y3

30


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$.3 Industries in (hich IGATE ro:ides ser:ices

• Banking

• inan&ial ser/i&es

• 'ealt&are

• :i"e S&ien&es

• !nsuran&e

• #anu"a&turing

• Produ&t J Engineering Solutions

• Retail

• 8onsumer Pa&kaged %oods

• 8ommuni&ations

• Energy

• $tility

•

#edia J Entertainment

$.$ Ser:ices ro:ided ;y IGATE

• Appli&ation 9e/elopment

• Appli&ation #anagement

• Business !ntelligen&e J 9ata 0areousing

• Business Pro&ess utsour&ing

• 8loud Ser/i&es

• Engineering 9esign Ser/i&es

• Enterprise Appli&ation Solutions

• Enterprise #obility

• !n"rastru&ture #anagement Ser/i&es

• PJES Embedded Systems

• Produ&t Veri"i&ation J Validation

• Veri"i&ation and Validation

$.7 6OGO

31

http://www.igate.com/industries/banking/overviewhttp://www.igate.com/industries/financial-services/overviewhttp://www.igate.com/industries/healthcare/overviewhttp://www.igate.com/industries/lifesciences/overviewhttp://www.igate.com/industries/insurance/health-insurance-supplemental-benefits/overviewhttp://www.igate.com/industries/manufacturing/distribution-and-logistics/overviewhttp://www.igate.com/industries/product-engineering-solutions/automation-and-control/overviewhttp://www.igate.com/industries/retail-consumer-packaged-goods/retail/overviewhttp://www.igate.com/industries/retail-consumer-packaged-goods/consumer-packaged-goods/overviewhttp://www.igate.com/industries/services/communication/overviewhttp://www.igate.com/industries/services/energy-utilities/energy/overviewhttp://www.igate.com/industries/energy/utilities/overviewhttp://www.igate.com/industries/media-entertainment/overviewhttp://www.igate.com/services/application-development/overviewhttp://www.igate.com/services/application-maintenance/overviewhttp://www.igate.com/services/business-intelligence-analytics/overviewhttp://www.igate.com/services/business-process-outsourcing/overviewhttp://www.igate.com/services/cloud-services/overviewhttp://www.igate.com/services/engineering-design-services/overviewhttp://www.igate.com/services/customer-relationship-management/overviewhttp://www.igate.com/services/enterprise-mobility/overviewhttp://www.igate.com/services/infrastructure-management-services/overviewhttp://www.igate.com/services/pes-embedded-systems/overviewhttp://www.igate.com/services/product-verification-validation/overviewhttp://www.igate.com/services/verification-validation/overviewhttp://www.igate.com/industries/banking/overviewhttp://www.igate.com/industries/financial-services/overviewhttp://www.igate.com/industries/healthcare/overviewhttp://www.igate.com/industries/lifesciences/overviewhttp://www.igate.com/industries/insurance/health-insurance-supplemental-benefits/overviewhttp://www.igate.com/industries/manufacturing/distribution-and-logistics/overviewhttp://www.igate.com/industries/product-engineering-solutions/automation-and-control/overviewhttp://www.igate.com/industries/retail-consumer-packaged-goods/retail/overviewhttp://www.igate.com/industries/retail-consumer-packaged-goods/consumer-packaged-goods/overviewhttp://www.igate.com/industries/services/communication/overviewhttp://www.igate.com/industries/services/energy-utilities/energy/overviewhttp://www.igate.com/industries/energy/utilities/overviewhttp://www.igate.com/industries/media-entertainment/overviewhttp://www.igate.com/services/application-development/overviewhttp://www.igate.com/services/application-maintenance/overviewhttp://www.igate.com/services/business-intelligence-analytics/overviewhttp://www.igate.com/services/business-process-outsourcing/overviewhttp://www.igate.com/services/cloud-services/overviewhttp://www.igate.com/services/engineering-design-services/overviewhttp://www.igate.com/services/customer-relationship-management/overviewhttp://www.igate.com/services/enterprise-mobility/overviewhttp://www.igate.com/services/infrastructure-management-services/overviewhttp://www.igate.com/services/pes-embedded-systems/overviewhttp://www.igate.com/services/product-verification-validation/overviewhttp://www.igate.com/services/verification-validation/overview


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S6OGA+

USPEE93 A%!:!653 !#A%!A6!

32


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I+TERPEITATIO+

#aor 8ustomers

!ndustries in 2i& i%A6E pro/ides ser/i&es

Ser/i&es pro/ided by !%A6E

:ogo Slogan

33


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2nit 7

8I+A+0IA6S

7.% IGATE 8I+A+0IA6 STATEME+TS O8 ' &EARS=

RE4E+2E O8 IGATE 8OR ' &EARS

2009 2010 2011 2012 20130

200000

400000

600000

800000

1000000

12000001400000

REVENUE IN $

REVENE !N "

34


35/52

7.3 6ISTI+G A+ S0RIP 0OE O8 IGATE I+ /SE:

IGATE G6O/A6 SO62TIO+S 6T.

404.20 0.00(;3;;G)Delisted

Pre:ious 0lose = 4;43; Oen = +==3;; igh = 41.3;; 6o( = +==3;;

Scrip ID : IGATEGroup /

Index: A Face value : 4.00 Scrip Code : 532337 ISIN :

INE177B0101

6

Industr

y

:

6isting Information

a&e Value43;

#arket :ot " E


36/52

/SE 0ode .+++

+SE 0ode ;

/SE Grou A

9hether The 0omany 8orms A Part Of The 8ollo(ing Indices #

Sense@ o

+ifty o

/SE#% o

/SE#3 o

SBP 0+- ' o

0+- Midca o

0+- 8M0G o

6isting On

6isted On6e Sto&k EF&ange, #umbai, ational

Sto&k EF&ange o" !ndia :td3

36


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Shareholding Pattern # iGATE Glo;al Solutions 6td.

olderCs +ame +o of Shares D Share olding

9ire&tors .1;; ;3;G

oreign Promoter =>1.1 =+344G

%eneral Publi& 111;;+ +34=G

oreign !nstitutions >+= 3;1G

ter 8ompanies 1>1++ ;3.1G

oreign R! 14+; ;34.G

ters 1=++ ;3;>Goreign !ndustries +4+ ;3;

37


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7.$ MAR1ET 0AP,8A0E 4A62E,PE RATIO O8 IGATE

iGATE Glo;al Solutions# 1ey 8undamentals

Mar!et 0a >Rs 0r.?=1,=;

EPS # TTM >Rs?=+3=

PE Ratio >@?=1>3.

8ace 4alue >Rs?=43;;

6atest i:. >D?=>;3;;

i:. &ield >D?= 3A3

/oo! 4alue sh. >Rs? =143P/ Ratio >@?=+34

7.7 A2ITORS

iGATE +ames Price(aterhouse0ooers 66P as Indeendent Auditors

P!66SB$R%', Nune 14 MPRe2s2ire-irst 8allM -- i%A6E 8orporation (asda


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se&ond +34 4+13>. 41>34

EF&ise 9uty 3;; 3;; 3;; 3;; 3;;

+ET SA6ES )F%.'% )7).3) '$.7F 7$%.' 7%.37

ter !n&ome ; ; ; ; ;

TOTA6

I+0OME )F.7 )'.7 '.)' 7$7.*) 733.F3

39


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E-PE+IT2RE=

#anu"a&turing EFpenses 131 1+3. 3=1 1=31= =3.

#aterial 8onsumed 3;; 3;; 3;; 3;; 3;;

Personal EFpenses 4>+3+. 4>3+ +.3= +34. =3+.

Selling EFpenses 1.3. =3= +3+= 3+ +31;

Administrati/e EFpenses 1.3;4 1>>3. 1+=3+ =.3;4 =.3>=

EFpenses 8apitalised 3;; 3;; 3;; 3;; 3;;

Pro/isions #ade 3;; 3;; 3;; 3;; 3;;

TOTA6 E-PE+IT2RE '7.)F ').'3 '*.'7 7.) $*).FF

perating Pro"it 1>34 =3. .+3=4 +13. 13+>

E/ITA %$%.F *3.'3 ').3 $7.* 37.*7

9epre&iation +3 +3; ++3. 1=3= 1.3;

ter 0rite-o""s 3;; 3;; 3;; 3;; 3;;

E/IT *$.%7 '7.F3 3$.* %7.*$ *.3$

!nterest 13. 3+ 3>4 131 34

E/T *%.') '%.** 3%.' %$.33 F.F%

6aFes 3 3. 3=+ 13.4 13>

Profit and 6oss for the &ear FF.F 7*.)$ %F.%3 %%.F ).%*

on Re&urring !tems -3+1 -=3.+ -=;3+1 1.34. -311

40


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ter on 8as Adustments 3>+ 3=4 -3>1 -34; -3=

ter Adustments 1+31; >3= 3;. 34; 3=

REPORTE PAT %.3$ 7F.%$ %'.3' 3).%3 '.F

1E& ITEMS

Pre"eren&e 9i/idend 3;; 3;; 3;; 3;; 3;;

E 13>>

E;3;; +;3;; 1.3;; 1.314

Sares in !ssue (:aks) +1=311 +1>31. +1;3; =3= +3>

EPS # Annualised >Rs? $%.7% %'.33 7.*% *.3 %.F

41


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43/52

2nit '

GO4ER+A+0E

'.% PI6ASOP&

6is eF&erpt taken "rom te !%6E 9E 14A "iled #ar 1+, ;;=3

0omensation Philosohy

6e 8ompensation 8ommittee as adopted a &ompensation pilosopy 2it respe&t to te

named eFe&uti/e o""i&ers o" te 8ompany tat is intended to align &ompensation 2it te8ompanys o/erall business strategy3 6e pilosopy guiding te eFe&uti/e &ompensation

program is designed to link eFe&uti/e &ompensation to sareolder /alue in order to attra&t,

retain and moti/ate ig


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6e strategy establised by te 8ompensation 8ommittee 2it respe&t to eFe&uti/e

&ompensation is to pro/ide a &ompreensi/e &ompensation pa&kage using a &ombination o" base

salary, bonus, sto&k-based a2ards and per


45/52

!n Nanuary, $S-based i%ate-led &onsortium ad &lin&ed a deal to buy nearly >+ per &ent stake in

!ndia7s siFt largest !6 "irm Patni 8omputer Systems "or about $S9 =1 million (Rs 4,1 &rore)

a"ter se/eral rounds o" negotiations3

6e deal si*e, o2e/er, 2ill go up to about $S9 13 billion, a"ter te a& per &ent stake o" Patni broters, arendra Patni, Asok Patni and %aendra Patni, along 2it

%eneral Atlanti&7s 134 per &ent olding3

!nterestingly, as per te publi& announ&ement, te manager to te o""er - otak #aindra 8apital

on beal" o" Pan-Asia i%ate Solutions and i%ate %lobal Solutions and i%ate 8orporation

(A&


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!n ;;, e 2as "ired "rom !n"osys7 $S operations on similar &argesH !n"y settled out o" &ourt "or

@+ million3 #urty says e is inno&ent and te &arges are CeFtortionC3

6e matter &ould go to &ourt3 SeFual arassment is a serious &rime, and no &ompany &an a""ord

to sti&k 2it employees a&&used o" it3 6ere"ore, i%ate7s de&ision to "ire #urty a"ter an

in/estigation is 2el&ome3

!t so2s tat te &ompany is keen to sield its sareolders "rom any negati/e spillo/ers "rom

te &arges le/elled at #urty3 !nstead o" prote&ting star 8Es, it is more important to prote&t

sareolder interests3

#ore !ndian &ompanies and institutions sould "ollo2 te same &ourse3 !n !ndia, it is

&ommonpla&e "or people to &e&k all te pro&edural boFes 2itout a&tually doing anyting about

transgressions3

S2ept under te &arpet, s&andals and s&ams &ome to ligt only by a&&ident and ten make

eadlines "or monts3 SeFual arassment is a &rime tat 2ill not go a2ay troug eiter silent

su""ering on te part o" 2omen employees or suppression o" protest in te name o" &ompany

reputation3

!n "a&t, &ompanies 2ill enan&e teir reputation by taking "irm, &onsistent a&tion to en"or&e te

poli&ies most a/e already put in pla&e3 E/en i" tat means seeing o"" a star per"ormer like te

i%ate 8E3

9emo&ra&y is not ust about


47/52

A 8ali"ornia la2 "irm said on 6ursday it is representing an employee o" i%ate U2it respe&t to

er &laims "or seF arassment against Panees #urty and i%ate3

Presenting er /ersion o" te U"a&ts o" te &ase, Aiman-Smit J #ar&y said #r3 #urty ad

Upressured er to abort er pregnan&y &aused by im3

U0en e dis&o/ered tis te pregnan&yT, #r3 #urty pressured erT to a/e an abortion3

0en se re"used, e told er to lea/e te &ompany,


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U6e 8E o" any &ompany, as #r3 #urty 2as ere, as tremendous e&onomi& and personal

po2er o/er is subordinates, it added3

USeT 2as dependent on er &ontinued employment "or er basi& li/ing eFpenses and, "urter,

#r3 #urty &onditioned er "urter employment and &areer ad/an&ement opportunities on er

entering into a relationsip 2it im 2i&, e/entually and relu&tantly, se did, it added3 0en

se attempted to UeFtri&ate ersel" "rom te relationsip, e redu&ed er responsibilities,

treatened er &ontinued employment, and pressured er to &ontinue te relationsip3

8iting pro/isions o" 8ali"ornia la2, te "irm said? U$nder 8ali"ornia la2, be&ause #r3 #urty

2as an o""i&er and dire&tor o" i%ate, is a&tions 2ere te a&tions o" i%ate, and i%ate, too, is liable

"or te a&ts o" #r3 #urty3 6ere remains te


49/52

Randall B3 Aiman-Smit eads te "irm, 2i& spe&ialises in employment and &onsumer matters

and in &lass a&tion la2suits3

49


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'.7 0RISI6 RATI+GS

#$#BA!, #A5 1? 6eFt o" 8risil press release on bank "a&ilities o" i%A6E %lobal Solutions

:td3 8R!S!:? Rating on i%A6E %lobal Solutions &ontinues on 2at& 8orporate 8redit Rating

88R AA (8ontinues to be on 7Rating 0at& 2it 9e/eloping !mpli&ations7) 8R!S!:7s ratings on

te bank "a&ilities o" i%A6E %lobal Solutions :td (i%A6E) remain on 7Rating 0at& 2it

9e/eloping !mpli&ations73 8R!S!: pla&ed te a"orementioned ratings on 2at& on 1+ Nanuary,

;11, "ollo2ing te agreement made by i%A6E to enter into te a&


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'.' A(ards to IGATE

!%A6E as al2ays been stri/ing "or eFemplary per"orman&e and our a&&olades stand testimony

to tat3

• !%A6E 2as ranked o3 in te XBest Employer Sur/ey in %reater 6oronto Area

&ondu&ted by Aon 'e2itt in &ollaboration 2it Dueens $ni/ersity, 8anada3

• !%A6E 2as a2arded te prestigious %olden Pea&o&k !nno/ation #anagement A2ard "or

te year ;1 in te X!n"ormation 6e&nology &ategory3

• !%A6E 2as ranked o3 + in Oinno/s X%lobal RJ9 Ser/i&e Pro/iders ;1 and

&onse&uti/ely te undisputed se&toral leader in te 'ealt&are industry3 0e 2ere at an

o/erall le/el adudged in te X:eader Oone3 6e annual study undertaken by Oinno/,

"ilters te top . RJ9 ser/i&e pro/iders, a&ross /arious geograpies like !ndia, 8ina,

Russia and Eastern Europe, and 1; maor industry /erti&als, to &ondu&t a &ompreensi/e

analysis o" te top global RJ9 ser/i&e pro/iders3

• !%A6E 2on te X0orld 8lass A2ard, te igest a&ie/ement under te X:arge Ser/i&e

rgani*ations &ategory, at te %lobal Per"orman&e EF&ellen&e A2ards ;1 (%PEA)3

6e %PEA is te only international, "ormal re&ognition o" per"orman&e and business

eF&ellen&e "or organi*ations a&ross te 2orld3 !%A6E &ompeted 2it .. organi*ations

"rom eigt &ountries to emerge te 2inners in te X0orld 8lass &ategory3

I+TERPEITATIO+

8ompensation Pilosopy

A&tion taken by SEB!

8R!S!: RA6!%S

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A2ards to !%ate

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