Latest news with #HindujaGlobalSolutions
Business Standard
07-08-2025
- Business
- Business Standard
Hinduja Global Solutions consolidated net profit declines 89.47% in the June 2025 quarter
Sales decline 3.27% to Rs 1056.23 crore Net profit of Hinduja Global Solutions declined 89.47% to Rs 17.43 crore in the quarter ended June 2025 as against Rs 165.56 crore during the previous quarter ended June 2024. Sales declined 3.27% to Rs 1056.23 crore in the quarter ended June 2025 as against Rs 1091.92 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 1056.231091.92 -3 OPM % 2.721.53 - PBDT 101.8587.00 17 PBT -26.48-44.20 40 NP 17.43165.56 -89
Yahoo
11-06-2025
- Business
- Yahoo
HGS appoints Venkatesh Korla as Global CEO
AUSTIN, Texas, June 11, 2025 /PRNewswire/ -- Hinduja Global Solutions (HGS) (listed on BSE & NSE), a leading provider of digital experience, business process management (BPM), and digital media services, has announced the appointment of Mr. Venkatesh Korla as the new Global CEO of HGS. The HGS Board approved the elevation of Venkatesh, formerly President & CEO of HGS Americas, to the role of Global CEO, effective May 28, 2025. He succeeds Mr. Partha DeSarkar, who has been at the helm of the company since 2006 and is expected to retire in September 2025. Venkatesh is an accomplished business leader with 25+ years of experience in core digital services and tech-enabled customer experience (CX). He has an impressive track record of growing high-performance teams globally and fostering lasting client relationships. In his earlier stints, he has been part of organizations providing expert consultation on digital strategies and solutions to Global 1000 companies, healthcare institutions, universities, and not-for-profit organizations. He also founded Element Solutions, later acquired by HGS and now forms the foundation of HGS' tech services business, that delivers strategic consulting, data analytics, marketing technology, intelligent automation, and cloud solutions to clients across the private and public sectors. Mr. Ashok P. Hinduja, Chairman, HGS said, "The company is currently evolving to align towards an AI-led future in line with the technology changes in the market and evolving client needs. Venkatesh, with his deep expertise and proven track record of leading digital transformation at scale, is the right person to lead HGS' future growth with a digital approach. On behalf of the Board, I would like to congratulate him and am looking forward to collaborating on the new journey ahead." Speaking on his elevation as the new Global CEO, Venkatesh Korla said, "It is a tremendous honor to take on the role of Global CEO at HGS. I step into this position with deep respect for the legacy we've built so far, led by the strong leadership of Partha DeSarkar, and a sense of great excitement for how we can shape the future. Our people are our greatest strength, and by combining their passion with the power of technology, we will create meaningful, human-centered solutions that redefine how we serve our clients and their customers, and accelerate our journey as a digitally-led organization." Photo - - View original content to download multimedia: SOURCE Hinduja Global Solutions Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Hinduja Global Solutions Ltd (BOM:532859) Q4 2025 Earnings Call Highlights: Navigating ...
Total Income (Q4 FY25): INR1,297.7 crores (USD153.4 million). Operating Revenue (Q4 FY25): INR1,161.1 crores (USD137 million). EBITDA (Q4 FY25): INR279 crores (USD33 million). EBITDA Margin (Q4 FY25): 21.5%. Total Income (FY25): INR4,958 crores (USD586.1 million). Operating Revenue (FY25): INR4,404.2 crores (USD520.6 million). EBITDA (FY25): INR811.8 crores (USD96 million). EBITDA Margin (FY25): 16.4%. PBT (Q4 FY25): INR103.5 crores. PAT (Q4 FY25): Loss of INR1.7 crores. Cash Flow from Operations (FY25): INR457 crores. Total Debt: INR1,187 crores. Net Treasury and Cash Surplus (March 31, 2025): INR5,168 crores. Revenue by Vertical (FY25): Tech, Telecom, and Media - 54%; BFSI - 16%. Client Concentration: Top customer - 8.3%; Top 5 - 21%; Top 10 - 28.5%. Warning! GuruFocus has detected 2 Warning Signs with BOM:532859. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hinduja Global Solutions Ltd (BOM:532859) reported a total income of INR 1,297.7 crores for Q4 FY25, with an EBITDA margin of 21.5%. The company signed several new clients towards the end of the fiscal year, which is expected to positively impact revenues in the next fiscal year. Hinduja Global Solutions Ltd (BOM:532859) has expanded its AI capabilities, integrating advanced features like language translation and voice authentication into its Agent X platform. The company opened a new tech services center in Bengaluru and a CX hub in Cape Town, indicating growth and expansion in key markets. The Media business showed resilience with improved ARPUs and growth in the broadband segment, despite challenges in the digital television sector. Political uncertainties have led to elongation of the sales cycle, impacting larger deal closures. The company reported a loss of INR 1.7 crores for Q4 FY25, although this was an improvement from the previous quarter. There was a year-on-year drop in operating revenues, primarily due to a decline in the BPM business. Deferred tax provisions significantly impacted the financial results, contributing to the overall loss. The digital television business continues to face headwinds from declining subscriber numbers and increased competition from OTT platforms. Q: Could you elaborate on the performance and potential of the new centers in Bangalore and Cape Town? A: Srinivas Palakodeti, Global CFO, explained that the Bangalore center is focused on tech services for North American business, while the Cape Town CX hub is expanding rapidly, showing strong interest from clients in the UK, US, and Australia. Q: Are there any delays in contract wins, and how is the company addressing this? A: Vynsley Fernandes, Whole-Time Director, acknowledged global market uncertainties causing delays, particularly in larger deals. However, the mid-market segment is showing encouraging momentum with shorter decision cycles. Q: What steps are being taken to improve revenue and margins in the BPM business? A: Srinivas Palakodeti, Global CFO, stated the focus is on growing offshore CX services in lower-cost locations like India, Philippines, and South Africa, which offer better margins. The company is also rationalizing costs and centralizing operations in these regions. Q: How is the Media business planning to increase profitability, particularly in broadband and digital TV? A: Vynsley Fernandes, Whole-Time Director, highlighted the focus on expanding broadband in Tier 2 and Tier 3 markets, leveraging existing digital TV presence, and growing the enterprise segment through CelerityX, which offers higher ARPUs and longer contract durations. Q: What is the strategic vision for HGS in the next few years, particularly regarding cash utilization and business focus? A: Partha DeSarkar, Group CEO, indicated a shift towards increasing the digital business footprint, reducing onshore operations, and focusing on offshore growth. The company plans to use cash reserves for strategic acquisitions in technology services, aiming for a higher digital revenue mix. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
29-05-2025
- Business
- Business Standard
Hinduja Global Services elevates Venkatesh Korla as Global CEO
Hinduja Global Solutions (HGS) on Thursday named Venkatesh Korla, President and CEO of HGS Americas, as the new Global CEO. He will take charge after the retirement of current Group CEO Partha DeSarkar in September 2025, the company said in a statement Additionally, Mahesh Kumar Nutalapati, Deputy CFO since February, has been elevated to the position of Global CFO. Korla brings over 25 years of experience in digital services and customer experience, having led digital transformations and founded Element Solutions, now part of HGS' technology services. The company is currently evolving to align towards an AI-led future in line with the technology changes in the market and evolving client needs. Venkatesh, with his deep expertise and proven track record of leading digital transformation at scale, is the right person to lead HGS's future growth with a digital approach," Ashok P Hinduja, Chairman of HGS, said. HGS, a business process management firm, employs over 18,000 people across nine countries, reported a consolidated revenue of Rs 4,404 crore for the financial year ending March 31, 2025. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
29-05-2025
- Business
- Economic Times
Hinduja Global Solutions elevates Venkatesh Korla to new Global CEO
Hinduja Global Solutions (HGS) has elevated Venkatesh Korla, President & CEO, HGS Americas, as the new Global CEO, the company said in a statement on Thursday. The approval from the board has come in view of the impending retirement of Partha DeSarkar, Group CEO. The company has also appointed deputy CFO Mahesh Kumar Nutalapati as the new Global CFO. Ashok P Hinduja, Chairman, HGS said, 'The company is currently evolving to align towards an AI-led future in line with the technology changes in the market and evolving client needs. Venkatesh, with his deep expertise and proven track record of leading digital transformation at scale, is the right person to lead HGS' future growth with a digital approach."Venkatesh Korla, the new Global CEO said, 'Our people are our greatest strength, and by combining their passion with the power of technology, we will create meaningful, human-centered solutions that redefine how we serve our clients and their customers, and accelerate our journey as a digitally-led organisation.'Venkatesh is an accomplished business leader with 25+ years of experience in core digital services and tech-enabled customer experience (CX). In his earlier stints, he has been part of organisations providing expert consultation on digital strategies and solutions to Global 1000 companies, healthcare institutions, universities, and not-for-profit organisations. He also founded Element Solutions, later acquired by HGS and now forming the foundation of HGS' tech services business, that delivers strategic consulting, data analytics, marketing technology, intelligent automation, and cloud solutions to clients across the private and public sectors. Mahesh Kumar Nutalapati, who joined HGS earlier in February, is a Chartered Accountant with over 24 years of experience in various aspects of Finance. He brings extensive expertise in Financial Transformations, Risk management, Business enablement, IPOs, M&As - strategic evaluations & funding, Global Audit & Treasury management, establishment and management of Global Capability Centres (GCCs).
