- Total income
- ₹5,187 Cr
- Profit
- ₹121 Cr
About HGS
HGS is a publicly listed company based in Bengaluru (India) founded in 1995. Business process improvement is facilitated through applied AI and outsourcing. It operates on a Managed Services and AI-as-a-Service model in Business Services and Technology sectors. The company has 9,595 employees. HGS has completed 4 acquisitions, including Affina, AxisPoint Health and Careline Services. Its Indian entity Hinduja Global Solutions Limited reported revenue of ₹5,005 Cr. HGS offers products and services including Agent X, Contact Center Outsourcing, and Digital Marketing. Its focus areas include Business Process Outsourcing, Contact Center Services, Artificial Intelligence and Customer Experience Solutions.
Company details
Digital transformation is accelerated by HGS through a modern technology framework that includes AI, automation, analytics, and cloud services. Outsourcing solutions such as contact center and back-office services are provided to scale operations. Custom vertical solutions are offered across industries like banking, finance, healthcare, retail, telecom, and public sector. Customer experience is enhanced with AI-powered tools like Agent X, alongside digital marketing and social media engagement services.
HGS is ranked #454 on the Fortune India 500 (2025).
Recognitions & Rankings of HGS
- Valuation
- ₹5,654 Cr
- Headquarters Bengaluru, India
- Employees 9,595
- Stage Public
- SectorsBusiness ServicesTechnology
- Phone•••• ••••
- Website teamhgs.com
- Social LinkedIn X Facebook YouTube
- Legal Name Hinduja Global Solutions Limited
- Date of Incorporation 13 Jan, 1995
- Jurisdiction Mumbai, Maharashtra, India
- Market Cap₹1,614 Cr
HGS · NSE
- Share Price₹347.00
-1.14% today
- Revenue₹4,307 Cr
FY 2025-26 · -2.2% YoY
- EBITDA₹92.89 Cr
Margin 2.2%
- Net Profit₹31.44 Cr
FY 2025-26 · -74.0% YoY
- ROE0.1%
ROCE 1.4%
- Debt / Equity0.24
Interest cover -51.0x
- Employee Count9,595
- Investments & AcquisitionsAffina
& 3 more
Associated legal entities of HGS
HGS operates through Hinduja Global Solutions Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hinduja Global Solutions Limited Listed CIN L92199MH1995PLC084610 | Active | 13 Jan 1995 | Mumbai, Maharashtra | ₹5,005 Cr | 9,595 | 10 | View details |
Products & Services of HGS
HGS offers a comprehensive portfolio of products and services, including Agent X, Contact Center Outsourcing, and Digital Marketing.
Customer insights are provided to enhance agent interactions.
Omnichannel customer interactions are delivered with digital options.
Online customer engagement is facilitated for brand promotion.
Apps and channels of HGS
its YouTube channel TeamHGS has 2.77K subscribers and 30 videos.
Videos from HGS
The most watched videos on HGS's YouTube channel, TeamHGS (2.77K subscribers). Click a video to play it here.
More on TeamHGS.
Board of directors of Hinduja Global Solutions Limited (HGS)
Hinduja Global Solutions Limited is the primary company behind HGS. The board of Hinduja Global Solutions Limited currently have 7 directors; the longest-serving is Bhumika Batra, appointed in 2019. 25 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhumika Batra DIN 03502004 | Director | 04 Sep 2019 | 7 yrs 2 mo | Hinduja Global Solutions Limited |
| Ganesh Natarajan DIN 00176393 | Director | 30 Sep 2019 | 7 yrs 1 mo | Hinduja Global Solutions Limited |
| Pradeep Udhas DIN 02207112 | Director | 25 Aug 2022 | 4 yrs 2 mo | Hinduja Global Solutions Limited |
| Vynsley Fernandes DIN 02987818 | Whole-time director | 14 Nov 2022 | 3 yrs 11 mo | Hinduja Global Solutions Limited |
| Ashok Parmanand Hinduja DIN 00123180 | Director | 19 Dec 2022 | 3 yrs 10 mo | Hinduja Global Solutions Limited |
| Munesh Narinder Khanna DIN 00202521 | Director | 19 Dec 2022 | 3 yrs 10 mo | Hinduja Global Solutions Limited |
| Amit Saharia DIN 10652099 | Director | 25 Sep 2025 | 1 yr 1 mo | Hinduja Global Solutions Limited |
People of HGS
184 people are tracked at HGS (83 in leadership, 9 in board & advisors, 92 in team); the tracked headcount is 9,595.
| Name | Role | Group |
|---|---|---|
Andrew Kokes | Evp, Global Head Of Marketing | Leadership |
Natarajan Radhakrishnan | CEO Americas | Leadership |
Gurwinder Singh | General Manager - Tax | Leadership |
Tracy Acree | Vice President Of Business Development & Sales - West | Leadership |
Ramesh Dorairajan | Senior Vice President Of Corporate Development And M&a | Leadership |
Merlin Gackle | Vp, Global Healthcare And BFSI Sales | Leadership |
Elaine Kelly | General Manager At HGS - Hinduja Global Solutions | Leadership |
Vineet S. | Head Of Sales - Americas | Leadership |
Raghavendra Chinhalli | Chief Information Officer | Leadership |
Trevor Arumugam | Managing Director | Leadership |
Mahesh Kumar Nutalapati | Global CFO | Leadership |
Carrie Ramskill | COO, HGS UK | Leadership |
Vijay Ballapuram | Vice President Finance Digitization | Leadership |
Leonora Isip-Tejada | Chief Financial Officer | Leadership |
Amit Madaan | Director, Strategic Finance And Operations | Leadership |
Venkata Saka | Director - Intelligent Automation | Leadership |
Kimberly Koch | Sr. Director Human Resources | Leadership |
Giridhar Gv | CEO APAC & CHRO | Leadership |
Anshuman Singh | CEO, HGS, UK | Leadership |
M. Scott Smith | Chief Revenue Officer (cro) | Leadership |
164 more people are available in the full profile.
Complete people profiles for HGS
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of HGS
HGS is a publicly listed company on the NSE with ticker symbol HGS in India, operating in the IT - Software sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- Listed onNSE: HGS
- Listed entityHinduja Global Solutions Limited
- Exchange sectorIT - Software
Financials of HGS
Exchange-reported figures of Hinduja Global Solutions Limited, the listed company behind HGS (NSE: HGS).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,307 | 4,404 | 4,616 | 4,505 | 4,273 | 2,602 | 4,986 |
| Revenue growth | -2.2% | -4.6% | +2.5% | +5.4% | +64.3% | -47.8% | - |
| EBITDA | 92.89 | 263 | 360 | 248 | 190 | (31.60) | 646 |
| EBITDA margin | +2.2% | +6.0% | +7.8% | +5.5% | +4.5% | -1.2% | +13.0% |
| Profit before tax | 75.71 | 278 | 110 | 232 | 5,991 | 282 | 339 |
| Net profit | 31.44 | 121 | 103 | 249 | 6,118 | 449 | 215 |
| Net profit margin | +0.7% | +2.8% | +2.2% | +5.5% | +143.2% | +17.3% | +4.3% |
| EPS (₹) | 6.92 | 26.10 | 28.63 | 63.22 | 1,446.78 | 160.96 | 96.78 |
| Balance sheet | |||||||
| Total assets | 10,493 | 10,019 | 9,818 | 9,855 | 9,698 | 3,489 | 3,254 |
| Net worth | 8,316 | 7,708 | 7,488 | 8,547 | 8,075 | 2,085 | 1,719 |
| Total debt | 1,968 | 1,943 | 2,107 | 998 | 1,409 | 1,180 | 605 |
| Cash & bank | 690 | 856 | 881 | 1,210 | 3,570 | 536 | 535 |
| Net working capital | 2,951 | 2,917 | 2,998 | 3,637 | 4,283 | 1,650 | 1,257 |
| Cash flow | |||||||
| Cash from operations | 413 | 457 | 192 | 111 | 530 | 692 | 884 |
| Cash from investing | (84.04) | 518 | 178 | 32.03 | 1,871 | (217) | (366) |
| Cash from financing | (511) | (898) | (808) | (1,108) | (867) | (476) | (310) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,050 | 1,085 | 1,075 | 1,091 | 1,056 | 1,161 | 1,064 | 1,087 |
| Revenue growth (YoY) | -0.6% | -6.6% | +1.1% | +0.4% | -3.3% | - | - | - |
| Other income | 151 | 170 | 207 | 132 | 189 | 137 | 171 | 120 |
| EBITDA | (34.49) | 22.38 | 12.47 | 26.06 | 28.72 | 142 | 63.55 | 34.42 |
| EBITDA margin | -3.3% | +2.1% | +1.2% | +2.4% | +2.7% | +12.3% | +6.0% | +3.2% |
| Depreciation | 124 | 135 | 123 | 118 | 128 | 121 | 138 | 133 |
| Interest | 45.53 | 48.13 | 46.95 | 53.84 | 57.89 | 54.78 | 55.58 | 62.36 |
| Profit before tax | (52.77) | 9.29 | 49.50 | (14.09) | 31.01 | 103 | 41.26 | (40.66) |
| Tax | 13.49 | 22.87 | 15.15 | 12.90 | 19.85 | 105 | 49.85 | 9.85 |
| Net profit | (66.26) | (13.58) | 34.35 | (26.99) | 11.16 | (1.69) | (8.59) | (50.51) |
| EPS (₹) | (12.51) | (1.78) | (1.16) | (4.20) | 3.75 | 0.82 | (0.57) | (8.87) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,827 | 1,711 | 1,578 | 1,323 | 1,250 | 528 | 2,142 |
| Revenue growth | +6.8% | +8.4% | +19.3% | +5.9% | +136.7% | -75.3% | - |
| EBITDA | (34.99) | (45.58) | 40.82 | 38.30 | 26.53 | (60.23) | 456 |
| EBITDA margin | -1.9% | -2.7% | +2.6% | +2.9% | +2.1% | -11.4% | +21.3% |
| Profit before tax | (133) | (243) | (47.00) | 191 | 2,284 | 182 | 330 |
| Net profit | (155) | (321) | (73.33) | 295 | 2,338 | 207 | 251 |
| Net profit margin | -8.5% | -18.8% | -4.7% | +22.3% | +187.0% | +39.3% | +11.7% |
| EPS (₹) | (34.52) | (69.39) | (6.23) | 62.84 | 561.44 | 99.33 | 120.64 |
| Balance sheet | |||||||
| Total assets | 3,648 | 3,999 | 4,179 | 5,246 | 5,340 | 2,826 | 2,750 |
| Net worth | 2,583 | 2,741 | 3,102 | 4,407 | 4,244 | 1,905 | 1,682 |
| Total debt | 993 | 1,201 | 1,021 | 783 | 1,061 | 739 | 908 |
| Cash & bank | 212 | 201 | 271 | 478 | 2,331 | 162 | 86.76 |
| Net working capital | 1,086 | 919 | 1,160 | 2,415 | 2,694 | 1,117 | 929 |
| Cash flow | |||||||
| Cash from operations | (34.61) | (122) | (16.84) | (126) | (164) | 418 | 514 |
| Cash from investing | 444 | 382 | 1,315 | 398 | 1,442 | (45.13) | (339) |
| Cash from financing | (414) | (340) | (1,509) | (725) | (583) | (300) | (146) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 448 | 450 | 446 | 469 | 462 | 447 | 430 | 423 |
| Revenue growth (YoY) | -3.0% | +0.7% | +3.7% | +10.9% | +12.4% | - | - | - |
| Other income | 51.26 | 96.00 | 54.70 | 67.56 | 39.52 | 32.01 | 61.07 | 24.15 |
| Total expenses | 478 | 465 | 459 | 471 | 466 | 437 | 433 | 430 |
| EBITDA | (29.79) | (15.35) | (12.70) | (2.66) | (4.28) | 10.04 | (3.07) | (7.27) |
| EBITDA margin | -6.6% | -3.4% | -2.8% | -0.6% | -0.9% | +2.2% | -0.7% | -1.7% |
| Depreciation | 58.97 | 68.11 | 61.16 | 59.33 | 62.20 | 64.01 | 65.24 | 63.25 |
| Interest | 23.92 | 25.23 | 24.73 | 28.28 | 26.89 | 27.09 | 29.58 | 29.28 |
| Profit before tax | (61.42) | (12.69) | (43.89) | (22.71) | (53.85) | (49.05) | (36.82) | (75.65) |
| Tax | 0.63 | 6.31 | 8.45 | 4.38 | 8.30 | 57.87 | 17.98 | 0.23 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,050 | 1,085 | 1,075 | 1,091 | 1,056 | 1,161 | 1,064 | 1,087 |
| Revenue growth (YoY) | -0.6% | -6.6% | +1.1% | +0.4% | -3.3% | - | - | - |
| Other income | 151 | 170 | 207 | 132 | 189 | 137 | 171 | 120 |
| EBITDA | (34.49) | 22.38 | 12.47 | 26.06 | 28.72 | 142 | 63.55 | 34.42 |
| EBITDA margin | -3.3% | +2.1% | +1.2% | +2.4% | +2.7% | +12.3% | +6.0% | +3.2% |
| Depreciation | 124 | 135 | 123 | 118 | 128 | 121 | 138 | 133 |
| Interest | 45.53 | 48.13 | 46.95 | 53.84 | 57.89 | 54.78 | 55.58 | 62.36 |
| Profit before tax | (52.77) | 9.29 | 49.50 | (14.09) | 31.01 | 103 | 41.26 | (40.66) |
| Tax | 13.49 | 22.87 | 15.15 | 12.90 | 19.85 | 105 | 49.85 | 9.85 |
| Net profit | (66.26) | (13.58) | 34.35 | (26.99) | 11.16 | (1.69) | (8.59) | (50.51) |
| EPS (₹) | (12.51) | (1.78) | (1.16) | (4.20) | 3.75 | 0.82 | (0.57) | (8.87) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,307 | 4,404 | 4,616 | 4,505 | 4,273 | 2,602 | 4,986 |
| Revenue growth | -2.2% | -4.6% | +2.5% | +5.4% | +64.3% | -47.8% | - |
| Other income | 698 | 773 | 472 | 581 | 6,306 | 466 | 78.70 |
| Total expenses | 4,214 | 4,142 | 4,256 | 4,257 | 4,083 | 2,633 | 4,341 |
| Employee cost | 2,441 | 2,479 | 2,629 | 2,757 | 2,599 | 2,105 | 3,328 |
| EBITDA | 92.89 | 263 | 360 | 248 | 190 | (31.60) | 646 |
| EBITDA margin | +2.2% | +6.0% | +7.8% | +5.5% | +4.5% | -1.2% | +13.0% |
| Depreciation | 505 | 523 | 534 | 455 | 345 | 117 | 291 |
| Interest | 210 | 234 | 188 | 141 | 161 | 35.11 | 94.24 |
| Profit before tax | 75.71 | 278 | 110 | 232 | 5,991 | 282 | 339 |
| Tax | 70.77 | 178 | (20.68) | (102) | (70.89) | (54.27) | 133 |
| Net profit | 31.44 | 121 | 103 | 249 | 6,118 | 449 | 215 |
| Net profit margin | +0.7% | +2.8% | +2.2% | +5.5% | +143.2% | +17.3% | +4.3% |
| EPS (₹) | 6.92 | 26.10 | 28.63 | 63.22 | 1,446.78 | 160.96 | 96.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 46.52 | 46.52 | 46.52 | 52.52 | 41.80 | 20.88 | 20.87 |
| Reserves & surplus | 8,270 | 7,662 | 7,441 | 8,494 | 8,023 | 2,064 | 1,699 |
| Shareholders' funds (net worth) | 8,316 | 7,708 | 7,488 | 8,547 | 8,075 | 2,085 | 1,719 |
| Minority interest | 120 | 147 | 155 | 156 | 154 | 0.00 | 12.36 |
| Secured loans | 978 | 1,061 | 957 | 310 | 195 | 291 | 601 |
| Unsecured loans | 990 | 883 | 1,149 | 688 | 1,214 | 889 | 4.32 |
| Total debt | 1,968 | 1,943 | 2,107 | 998 | 1,409 | 1,180 | 605 |
| Total liabilities | 10,493 | 10,019 | 9,818 | 9,855 | 9,698 | 3,489 | 3,254 |
| Assets | |||||||
| Gross block | 5,112 | 4,760 | 4,232 | 4,004 | 3,217 | 2,264 | 2,387 |
| Net block | 2,895 | 2,922 | 2,756 | 2,812 | 2,176 | 1,578 | 1,733 |
| Capital work in progress | 18.43 | 8.78 | 13.44 | 12.90 | 9.20 | 3.21 | 4.83 |
| Investments | 4,144 | 3,643 | 3,300 | 2,753 | 2,482 | 4.82 | 10.32 |
| Inventories | 30.84 | 25.92 | 16.64 | 16.66 | 12.33 | 0.00 | 0.00 |
| Sundry debtors | 872 | 764 | 745 | 733 | 708 | 1,231 | 989 |
| Cash & bank balances | 690 | 856 | 881 | 1,210 | 3,570 | 536 | 535 |
| Loans & advances | 2,377 | 2,401 | 2,593 | 3,110 | 1,900 | 737 | 523 |
| Total current assets | 3,969 | 4,048 | 4,236 | 5,070 | 6,190 | 2,503 | 2,048 |
| Total current liabilities | 1,018 | 1,131 | 1,238 | 1,433 | 1,908 | 853 | 790 |
| Net working capital | 2,951 | 2,917 | 2,998 | 3,637 | 4,283 | 1,650 | 1,257 |
| Total assets | 10,493 | 10,019 | 9,818 | 9,855 | 9,698 | 3,489 | 3,254 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 752 | 675 | 1,112 | 2,077 | 543 | 531 | 323 |
| Net cash from operating activities | 413 | 457 | 192 | 111 | 530 | 692 | 884 |
| Net cash from investing activities | (84.04) | 518 | 178 | 32.03 | 1,871 | (217) | (366) |
| Net cash from financing activities | (511) | (898) | (808) | (1,108) | (867) | (476) | (310) |
| Net change in cash | (183) | 77.17 | (438) | (964) | 1,534 | (0.79) | 208 |
| Closing cash | 690 | 856 | 881 | 1,210 | 3,570 | 536 | 535 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -2.2% | -4.6% | +2.5% | +5.4% | +64.3% | -47.8% | - |
| EBITDA growth | -64.6% | -27.1% | +45.3% | +30.1% | +702.7% | -104.9% | - |
| PBT growth | -72.8% | +152.0% | -52.4% | -96.1% | +2025.8% | -16.8% | +37.2% |
| Net income growth | -74.0% | +17.0% | -58.4% | -95.9% | +1263.0% | +109.1% | - |
| Revenue CAGR (3Y) | -1.5% | +1.0% | +21.1% | -3.3% | -1.5% | -12.2% | +10.4% |
| EBITDA CAGR (3Y) | -27.9% | +11.3% | - | -27.3% | -23.1% | - | +15.6% |
| Profitability & leverage | |||||||
| Net income margin | +0.1% | +2.3% | +2.8% | +7.4% | +141.8% | +12.9% | +4.1% |
| Return on capital employed | +1.5% | +3.0% | +2.5% | +2.3% | +1.9% | +1.0% | +15.5% |
| Return on net worth | +0.1% | +1.3% | +1.3% | +3.0% | +120.7% | +23.6% | +12.2% |
| Debt / equity | 0.24 | 0.27 | 0.19 | 0.14 | 0.25 | 0.47 | 0.36 |
| Long-term debt / equity | 0.09 | 0.09 | 0.07 | 0.07 | 0.14 | 0.33 | 0.25 |
| Interest cover | -51.00 | -90.09 | -108.12 | -67.94 | -104.58 | -23.58 | 26.59 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.87 | 0.98 | 1.12 | 1.25 | 1.56 | 1.12 | 2.56 |
| Inventory turnover | 151.77 | 206.96 | 277.22 | 310.81 | 693.16 | 0.00 | 0.00 |
| Debtors turnover | 5.26 | 5.84 | 6.25 | 6.25 | 4.41 | 2.34 | 4.63 |
| EPS (₹) | 6.92 | 26.10 | 28.63 | 63.22 | 1,446.78 | 160.96 | 96.78 |
| Dividend per share (₹) | 0.00 | 0.00 | 7.00 | 15.00 | 220.00 | 40.00 | 20.00 |
| Book value per share (₹) | 1,787.73 | 1,656.95 | 1,609.56 | 1,627.28 | 1,929.57 | 998.63 | 824.06 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 448 | 450 | 446 | 469 | 462 | 447 | 430 | 423 |
| Revenue growth (YoY) | -3.0% | +0.7% | +3.7% | +10.9% | +12.4% | - | - | - |
| Other income | 51.26 | 96.00 | 54.70 | 67.56 | 39.52 | 32.01 | 61.07 | 24.15 |
| Total expenses | 478 | 465 | 459 | 471 | 466 | 437 | 433 | 430 |
| EBITDA | (29.79) | (15.35) | (12.70) | (2.66) | (4.28) | 10.04 | (3.07) | (7.27) |
| EBITDA margin | -6.6% | -3.4% | -2.8% | -0.6% | -0.9% | +2.2% | -0.7% | -1.7% |
| Depreciation | 58.97 | 68.11 | 61.16 | 59.33 | 62.20 | 64.01 | 65.24 | 63.25 |
| Interest | 23.92 | 25.23 | 24.73 | 28.28 | 26.89 | 27.09 | 29.58 | 29.28 |
| Profit before tax | (61.42) | (12.69) | (43.89) | (22.71) | (53.85) | (49.05) | (36.82) | (75.65) |
| Tax | 0.63 | 6.31 | 8.45 | 4.38 | 8.30 | 57.87 | 17.98 | 0.23 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,827 | 1,711 | 1,578 | 1,323 | 1,250 | 528 | 2,142 |
| Revenue growth | +6.8% | +8.4% | +19.3% | +5.9% | +136.7% | -75.3% | - |
| Other income | 258 | 176 | 271 | 487 | 2,605 | 302 | 108 |
| Total expenses | 1,862 | 1,757 | 1,537 | 1,285 | 1,224 | 588 | 1,686 |
| Employee cost | 868 | 809 | 745 | 646 | 585 | 457 | 1,379 |
| EBITDA | (34.99) | (45.58) | 40.82 | 38.30 | 26.53 | (60.23) | 456 |
| EBITDA margin | -1.9% | -2.7% | +2.6% | +2.9% | +2.1% | -11.4% | +21.3% |
| Depreciation | 251 | 257 | 268 | 233 | 222 | 42.59 | 177 |
| Interest | 105 | 117 | 90.91 | 101 | 125 | 17.31 | 57.81 |
| Profit before tax | (133) | (243) | (47.00) | 191 | 2,284 | 182 | 330 |
| Tax | 27.44 | 79.97 | (18.00) | (139) | (62.10) | (25.33) | 77.86 |
| Net profit | (155) | (321) | (73.33) | 295 | 2,338 | 207 | 251 |
| Net profit margin | -8.5% | -18.8% | -4.7% | +22.3% | +187.0% | +39.3% | +11.7% |
| EPS (₹) | (34.52) | (69.39) | (6.23) | 62.84 | 561.44 | 99.33 | 120.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 46.52 | 46.52 | 46.52 | 52.52 | 41.80 | 20.88 | 20.87 |
| Reserves & surplus | 2,537 | 2,694 | 3,056 | 4,355 | 4,192 | 1,884 | 1,661 |
| Shareholders' funds (net worth) | 2,583 | 2,741 | 3,102 | 4,407 | 4,244 | 1,905 | 1,682 |
| Secured loans | 511 | 527 | 398 | 306 | 155 | 110 | 235 |
| Unsecured loans | 482 | 673 | 623 | 477 | 907 | 629 | 673 |
| Total debt | 993 | 1,201 | 1,021 | 783 | 1,061 | 739 | 908 |
| Total liabilities | 3,648 | 3,999 | 4,179 | 5,246 | 5,340 | 2,826 | 2,750 |
| Assets | |||||||
| Gross block | 2,229 | 2,258 | 2,033 | 1,954 | 1,877 | 1,206 | 1,183 |
| Net block | 986 | 1,128 | 1,004 | 1,027 | 1,062 | 825 | 904 |
| Capital work in progress | 5.44 | 2.88 | 3.46 | 2.32 | 4.64 | 3.21 | 0.02 |
| Investments | 868 | 867 | 863 | 740 | 741 | 394 | 399 |
| Inventories | 0.92 | 4.79 | 12.38 | 11.46 | 7.90 | 0.00 | 0.00 |
| Sundry debtors | 493 | 349 | 375 | 375 | 286 | 828 | 798 |
| Cash & bank balances | 212 | 201 | 271 | 478 | 2,331 | 162 | 86.76 |
| Loans & advances | 847 | 799 | 893 | 2,033 | 1,188 | 476 | 398 |
| Total current assets | 1,554 | 1,354 | 1,552 | 2,898 | 3,813 | 1,467 | 1,283 |
| Total current liabilities | 468 | 435 | 392 | 482 | 1,119 | 349 | 355 |
| Net working capital | 1,086 | 919 | 1,160 | 2,415 | 2,694 | 1,117 | 929 |
| Total assets | 3,648 | 3,999 | 4,179 | 5,246 | 5,340 | 2,826 | 2,750 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 115 | 195 | 406 | 858 | 163 | 85.02 | 55.55 |
| Net cash from operating activities | (34.61) | (122) | (16.84) | (126) | (164) | 418 | 514 |
| Net cash from investing activities | 444 | 382 | 1,315 | 398 | 1,442 | (45.13) | (339) |
| Net cash from financing activities | (414) | (340) | (1,509) | (725) | (583) | (300) | (146) |
| Net change in cash | (4.30) | (79.38) | (211) | (453) | 695 | 72.88 | 29.48 |
| Closing cash | 212 | 201 | 271 | 478 | 2,331 | 162 | 86.76 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.8% | +8.4% | +19.3% | +5.9% | +136.7% | -75.3% | - |
| EBITDA growth | +23.2% | -211.7% | +6.6% | +44.4% | +144.1% | -113.2% | - |
| PBT growth | +45.2% | -416.6% | - | -91.6% | +1155.0% | -44.8% | +11.5% |
| Net income growth | +51.9% | -338.4% | -124.9% | -87.4% | +1027.2% | -17.5% | - |
| Revenue CAGR (3Y) | +11.4% | +11.0% | +44.0% | -14.8% | -12.3% | -36.5% | +10.3% |
| EBITDA CAGR (3Y) | - | - | - | -56.2% | -57.3% | - | +27.0% |
| Profitability & leverage | |||||||
| Net income margin | -8.8% | -18.9% | -1.8% | +24.9% | +187.7% | +39.3% | +11.8% |
| Return on capital employed | -0.7% | -3.1% | -0.0% | +3.1% | -0.8% | -2.1% | +16.9% |
| Return on net worth | -6.0% | -11.1% | -2.0% | +6.8% | +76.0% | +11.6% | +15.5% |
| Debt / equity | 0.41 | 0.38 | 0.24 | 0.21 | 0.29 | 0.46 | 0.33 |
| Long-term debt / equity | 0.17 | 0.18 | 0.12 | 0.10 | 0.17 | 0.37 | 0.26 |
| Interest cover | -36.79 | -38.56 | -40.06 | -51.85 | -64.30 | -16.84 | 20.66 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.81 | 0.80 | 0.79 | 0.69 | 0.81 | 0.44 | 2.43 |
| Inventory turnover | 639.97 | 199.31 | 132.40 | 136.71 | 316.47 | 0.00 | 0.00 |
| Debtors turnover | 4.34 | 4.73 | 4.21 | 4.01 | 2.24 | 0.65 | 2.64 |
| EPS (₹) | (34.52) | (69.39) | (6.23) | 62.84 | 561.44 | 99.33 | 120.64 |
| Dividend per share (₹) | 0.00 | 0.00 | 7.00 | 15.00 | 220.00 | 40.00 | 20.00 |
| Book value per share (₹) | 555.28 | 589.15 | 666.83 | 839.16 | 1,012.88 | 912.54 | 806.16 |
Investments & Acquisitions by HGS
HGS has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Affina, AxisPoint Health and Careline Services.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of IT services | elementsolutions.com | Chicago, United States | 2003 | Mar 2018 | $5M | |
Health care management services are offered to payers and providers. | axispointhealth.com | Westminster, United States | 2015 | Mar 2018 | $14M | |
Medical staffing services are provided to healthcare organizations. | carelineservices.com | New York, United States | 2004 | Jun 2010 | •••• | |
Affina is operated as an affiliate program for online gaming platforms. | affina.com | Peoria, United States | 1973 | Jun 2006 | •••• |
Complete acquisition details for HGS
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Timeline of HGS
5 dated milestones of HGS across 23 years, from founding to its latest funding, stage changes and deals.
- Founded HGS is founded.
- Acquisition Acquires Affina.
- Acquisition Acquires Careline Services.
- Acquisition Acquires AxisPoint Health.
- Acquisition Acquires Element Solutions.
Web traffic of HGS
Websites that share an audience with HGS (teamhgs.com).
Websites whose visitors overlap most with HGS. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| encover.com | 90% | View details | |||
| hindujagroup.com | 64% | 21.9K | #1,230,399 | View details |
Top companies in Business Process Outsourcing (BPO)
3 companies that operate in the same segment as HGS (Business Process Outsourcing (BPO)) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of outsourcing and business services | 2007 | Bengaluru, Karnataka, India | USD 1.63 B | 299 | ||
Cloud-based text analytics and cognitive automation services are provided. | 1975 | Mumbai, Maharashtra, India | USD 3 M | USD 217.77 M | 5,560 | |
Electricity generation and distribution are provided in eastern India. | 1879 | Kolkata, West Bengal, India | USD 2.03 B | 5,688 |
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Frequently Asked Questions about HGS
HGS was founded in 1995.
HGS is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
HGS has 9,595 employees.
The primary company behind HGS, Hinduja Global Solutions Limited, reported revenue of ₹5,005 Cr for FY 2026, down 2% year on year.
Digital transformation is accelerated by HGS through a modern technology framework that includes AI, automation, analytics, and cloud services. Outsourcing solutions such as contact center and back-office services are provided to scale operations. Custom vertical solutions are offered across industries like banking, finance, healthcare, retail, telecom, and public sector. Customer experience is enhanced with AI-powered tools like Agent X, alongside digital marketing and social media engagement services.
HGS offers Agent X, Contact Center Outsourcing, and Digital Marketing.
Yes, HGS is publicly traded on NSE under the ticker symbol HGS.
HGS has made 4 acquisitions, including Affina, AxisPoint Health, and Careline Services.
HGS operates through Hinduja Global Solutions Limited.
The legal entities of HGS currently have 10 directors, including Pradeep Udhas, Ashok Parmanand Hinduja, Ganesh Natarajan and others.

