Date: 12 Apr, 2022
Zensar Technologies Ltd – Bet on digitization of businesses along with rising spend on cloud, artificial intelligence, data analytics, etc and emergence of new business models.
Zensar Technologies is our bet on a trend shift in businesses from traditional to transformational led by digitization along with rising spend on cloud, artificial intelligence, data analytics, etc and emergence of new business models. This was picked by our fund Rockstud Capital Investment Fund Series I around Rs. 320-350s in March 2022.
Company Brief – Zensar owned by Harsh Goenka group of company’s primary business involves providing digital and technology solutions to global customers. It provides application management (85% of revenue) and infrastructure management services (15% of revenue) to Manufacturing and Hitech industry (~40% of revenues), retail and financial account for (46.4% of revenues) and Emerging industries.
Application management service is an outsourcing task of providing ongoing support for apps to external provider i.e. IT cos that specializes in this type of maintenance and monitoring. This is across customer relationship management (CRM), content management system (CMS), enterprise resource planning (ERP) to business intelligence (BI).
Why we bought – Apart from financial parameters that we run across on quant below are some of the highlights which caught our attention for our investment.
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