Category Archives: India

Cognizant to acquire Zenith Technologies and strengthens its MES capabilities for the life science industry

Cognizant to acquire Zenith Technologies and strengthens its MES capabilities for the life science industry

Cognizant has been making more headlines in ER&D services, recently. Last month, we had mentioned its software product engineering services (PES) contract with PLM vendor AVEVA. This week, we are looking into Cognizant’s planned acquisition of Zenith Technologies. Zenith

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HCL ERS returns to Earth in Q4 FY19

HCL ERS returns to Earth in Q4 FY19

HCL Tech’s ERS unit posted an excellent growth of +12.1% yoy at CC. The growth positioned ERS as the second fastest ER&D services vendor (among top ten vendors) behind Alten, ahead of Altran. ERS’s growth is, however, slowing from its peak of +47.7% at CC in Q3 FY18.

KPIT’s first results since its IPO

KPIT’s first results since its IPO

KPIT published its first results since its IPO, as India’s third-largest ER&D services pure-play. Growth slowed down significantly in Q4 FY19, revenues up 13.4% yoy to USD 71m. The company’s EBITDA margin was 12.8%.

KPIT reborn!

KPIT reborn!

KPIT quietly finalized its merger with the privately-owned Birlasoft. The new company is now called Birlasoft and will be an IT service pure-play. Birlasoft has carved out its automotive engineering business that will be called KPIT.

Why onshore ER&D service vendors must pro-actively become India-centric

Why onshore ER&D service vendors must pro-actively become India-centric

It is striking to see how few onshore ER&D service vendors have built a significant Indian or nearshore presence. Onshore vendors do acknowledge that the Indian ER&D service vendors grow faster than they do but argue that most of the Indian vendors service U.S. clients or industries (mostly, ISVs, technology vendors and telecom equipment manufacturers) they do not quite address.