
Capgemini to acquire WNS for $3.3 bn in major BPM industry deal
The transaction, unanimously approved by the boards of both companies, is expected to be accretive to Capgemini's normalized earnings per share by 4 per cent before synergies in 2026 and 7 per cent post-synergies in 2027. Subject to regulatory and shareholder approvals, as well as a green light from the Royal Court of Jersey, the deal is slated to close by year-end through a court-sanctioned scheme of arrangement.
WNS, a global BPM player, operates across three key headquarters—in Mumbai (global HQ), New York (North America HQ), and London (UK and EMEA HQ)—and has a strong presence in India with 25 delivery centres employing nearly 39,700 people. The company serves clients across diverse industries, delivering digital-led transformation solutions through highly automated platforms.
Shares of WNS (Holdings) soared by over 14 per cent on the New York Stock Exchange in the morning session on Monday. Institutional investors hold around 90 per cent stake in WNS.
The acquisition will expand Capgemini's capabilities in Digital BPS and Intelligent Operations. With investments in AI and strategic partnerships with Microsoft, Google, AWS, Mistral AI, and NVIDIA, Capgemini reported over euro 900 million in Gen AI bookings in 2024. The combined entity would have generated euro 23.3 billion in revenue with a 13.6 per cent operating margin in 2024, including euro 1.9 billion in Digital BPS revenue.
Capgemini CEO Aiman Ezzat said the acquisition positions the group to lead in Intelligent Operations, blending consulting, technology, platforms, and deep industry expertise. WNS CEO Keshav R. Murugesh echoed the sentiment, noting the shift from automation to autonomy as clients seek to embed AI into their operating models.
To finance the deal, Capgemini has secured bridge financing of euro 4 billion, covering the purchase price, WNS's gross debt, and the redemption of a euro 0.8 billion bond due in June 2025. It plans to refinance the bridge through a mix of existing cash and new debt issuance.
Both companies emphasized their cultural alignment and history of successful integrations, which they believe will ensure a smooth transition. The deal is set to create a global leader in Digital BPS, uniquely positioned to support enterprises in their transformation into AI-powered businesses.
'As a recognized leader in the Digital Business Process Services space, we see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients. Organizations that have already digitized are now seeking to reimagine their operating models by embedding AI at the core—shifting from automation to autonomy,' said Keshav R. Murugesh, Chief Executive Officer of WNS.
WNS in India
Established by British Airways in Mumbai in 1996, WNS (Holdings) Ltd has grown into a major player in the global business process management (BPM) space, with India serving as the cornerstone of its operations. Headquartered in Vikhroli, Mumbai, WNS's Indian presence spans 25 delivery centres across the country and employs close to 40,000 professionals. These centres blend large-scale transaction processing with high-value, domain-specific services through dedicated centres of excellence, making India integral to WNS's global delivery strategy.
India contributes more than 50 per cent of WNS's global revenue, highlighting its critical role in the company's worldwide footprint. Key Indian cities such as Mumbai, Pune, Noida, Chennai, Bengaluru, Gurugram, Indore, Nashik, Visakhapatnam (Vizag), and Hyderabad host its major operations.
In March 2024, WNS significantly expanded in Hyderabad, opening a 60,000-square-foot facility in Nanakramguda. The centre, designed to support digital transformation for sectors including shipping and logistics, healthcare, BFSI, and high-tech, employs around 1,400 people and operates in multiple shifts.
The Vizag delivery centre exemplifies WNS's rapid growth in India. From fewer than 50 employees in 2012, the centre now houses over 3,300 staff, more than 2,000 of whom were added in just the past two years. It provides digital-first BPM services tailored to specific industries.
WNS's Indian operations also include centres of excellence in key domains such as analytics, insurance, banking, finance and accounting, healthcare, travel, and logistics. This domain-led, technology-enabled model reinforces India's role as the heart of WNS's global service delivery engine.
Who is Keshav Murugesh
Chennai-born Keshav Murugesh serves as Group Chief Executive Officer and Member of the Board of Directors of WNS. Based in London, Keshav is responsible for executing the business strategy and directing the overall performance and growth of the organization.
Murugesh took his BCom degree from Andhra University in 1984 and FCA from the Institute of Chartered Accountants of India (ICAI) in 1988.
He is the Chairman of The Confederation of Indian Industry (CII) UK India Business Forum (IBF). He has been closely associated with NASSCOM, the apex industry body for Indian IT and Business Process Management (BPM) companies, in various capacities — Chairperson of NASSCOM (2019-20), Chairperson of the Business Process Management (BPM) Council (2015-17), and currently, as a member of the National Executive Council.
Prior to WNS, he held several leadership positions in global companies, including President and CEO of Syntel Inc. and VP, Finance, ITC Ltd. (an affiliate of BAT Plc). Keshav is a social evangelist who introduced the first-ever Cyber Crime educational series for the Mumbai Police through WNS and NASSCOM. He is the Co-chief mentor of Kalpataru Center of Entrepreneurship (CoE), which was established under the guidance of Software Technology Parks of India (STPI) to promote innovation and entrepreneurship.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hans India
29 minutes ago
- Hans India
Gold rates in Visakhapatnam today slashes, check the rates on 10 July, 2025
The gold rates today slashed in Visakhapatnam on 10 July, 2025. Going by the rates today, the price of 10 grams of 22-carat gold is Rs. 89,990 with a fall of Rs. 10 while the rate of 10 grams of 24-carat gold is at Rs. 98,160 with a fall of Rs. 10. While the Silver rate is at Rs. 1,20,000 per kilogram. The gold rates in the international market have been fluctuating. Over the past few weeks gold rates have experienced a fall during the wedding season, fluctuating around Rs. 90,000 for 10 grams of 24-carat gold and approximately Rs. 1,00,000 for 10 grams of 22-carat gold. The gold prices mentioned here are due at 8am, the prices could alter at every moment and hence the gold buyers need to track the live prices at a given time. The mentioned prices here are closing prices of yesterday while today's price would begin either with a decrease or increase.


Hans India
29 minutes ago
- Hans India
Gold rates in Delhi slashes today, check the rates on 10 July, 2025
The gold rates in Delhi slashed on 10 July, 2025. Going by the rates today, the price of 10 grams of 22-carat gold is at Rs 90,140 with a fall of Rs. 10 while the rate of 10 grams of 24-carat gold is at Rs. 98,330 with a fall of Rs. 10. While the Silver rate is at Rs. 1,11,000 per kilogram. The gold rates in the international market have been fluctuating. Over the past few weeks gold rates have experienced a fall during the wedding season, fluctuating around Rs. 90,000 for 10 grams of 24-carat gold and approximately Rs. 100,000 for 10 grams of 22-carat gold. The gold prices mentioned here are due at 8am, the prices could alter at every moment and hence the gold buyers need to track the live prices at a given time. The mentioned prices here are closing prices of yesterday while today's price would begin either with a decrease or increase.


Time of India
35 minutes ago
- Time of India
Ashok Leyland shares gain 2% as record date for 1:1 bonus issue announced
Synopsis Ashok Leyland shares rose nearly 2% to Rs 254.80 on Thursday after the company announced July 16 as the record date for its 1:1 bonus share issue. The deemed allotment date is set for July 17, 2025, with trading in the bonus shares beginning on July 18. This marks the company's first bonus issue since 2011.