- Total income
- ₹14,485 Cr
- Profit
- ₹1,702 Cr
About Mphasis
Mphasis is a publicly listed company based in Bengaluru (India) founded in 1992 by Jerry Rao, and was acquired by Blackstone in April 2016. IT, FA, HRO, BPO, and customer support services are provided. It operates in the Business Services and Technology sectors. The company has 44,281 employees. Mphasis has completed 9 acquisitions, including Blink UX, Datalytyx and Digital Risk. Its chief executive, as recorded, is Nitin Rakesh. Its website mphasis.com draws about 191 thousand monthly visits. Its Indian entity Mphasis Limited reported revenue of ₹16,206 Cr. Mphasis offers products and services including Application Services, AI Solutions, and Cloud Services. Its focus areas include IT Services, Suite, BPO Services and Horizontal. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Mphasis was established in 1992 and is based in Bengaluru, India. IT infrastructure, finance and accounting processes, human resources outsourcing, business process management, and customer sales along with support functions are handled through its operations. Services are extended to multiple industries, with a focus on global clients supported from Indian facilities. Key leadership includes co-founder Jerry Rao, CFO Aravind Viswanathan, and CEO Nitin Rakesh.
Mphasis is ranked #191 on the Fortune India 500 (2025).
Recognitions & Rankings of Mphasis
- Headquarters Bengaluru, India
- Employees 44,281
- Founders Jerry Rao
- Stage Acquired
- SectorsBusiness ServicesTechnology
- Email••••••••
- Phone•••• ••••
- Website mphasis.com/home.html
- Social LinkedIn X Facebook YouTube
- Acquired by Blackstone (Apr 2016)
- Legal Name Mphasis Limited
- Market Cap₹45,637 Cr
MPHASIS · NSE
- Share Price₹2,400.20
+0.43% today
- Revenue₹15,880 Cr
FY 2025-26 · +11.6% YoY
- EBITDA₹2,943 Cr
Margin 18.5%
- Net Profit₹1,888 Cr
FY 2025-26 · +11.0% YoY
- P/E (TTM)23.1x
P/B 4.3x
- ROE18.3%
ROCE 21.5%
- Debt / Equity0.22
Interest cover 8.6x
- InvestorsBlackstone
& 1 more
- Employee Count44,281
- Investments & AcquisitionsBlink UX
& 8 more
- Acquired by
Associated legal entities of Mphasis
Mphasis is associated with 3 registered companies on The Company Check; the primary company is Mphasis Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mphasis Limited Listed CIN L30007KA1992PLC025294 | Active | 10 Aug 1992 | Bangalore, Karnataka | ₹16,206 Cr | 24,660 | 14 | View details |
| Msource (India) Private Limited CIN U72900MH2000PTC125734 | Inactive For E-Filing | 10 Apr 2000 | Mumbai, Maharashtra | $13.6M | View details | ||
| Mphasis Software And Services (India) Private Limited CIN U72200KA1998PTC038932 | Active | 06 Oct 1998 | Bangalore, Karnataka | ₹16.1 Cr | 2 | View details |
Products & Services of Mphasis
Mphasis offers a comprehensive portfolio of products and services, including Application Services, AI Solutions, and Cloud Services.
Delivers development and maintenance for business applications.
Provides AI tools for enhancing operations and productivity.
Offers AWS and Azure solutions for scalable infrastructure.
Apps and channels of Mphasis
its YouTube channel MphasisOfficial has 4.57K subscribers and 30 videos.
Videos from Mphasis
The most watched videos on Mphasis's YouTube channel, MphasisOfficial (4.57K subscribers). Click a video to play it here.
More on MphasisOfficial.
Investors in Mphasis
Mphasis has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Blackstone and DXC Technology.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States | |
DXC Technology is recognized as a global provider of IT services. | 1962 | eds.com | Plano, United States |
Investor details for Mphasis
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Mphasis Limited (Mphasis)
Mphasis Limited is the primary company behind Mphasis. The boards of the 2 registered companies of Mphasis currently have 13 directors; the longest-serving is Manikantan Thyagarajan, appointed in 2014. 66 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manikantan Thyagarajan DIN 00451051 | Director | 09 Jun 2014 | 12 yrs 5 mo | Mphasis Software And Services (India) Private Limited |
| Amit Dalmia DIN 05313886 | Director | 01 Sep 2016 | 10 yrs 2 mo | Mphasis Limited |
| David Lawrence Johnson DIN 07593637 | Director | 01 Sep 2016 | 10 yrs 2 mo | Mphasis Limited |
| Amit Dixit DIN 01798942 | Director | 01 Sep 2016 | 10 yrs 2 mo | Mphasis Limited |
| Marshall Jan Lux DIN 08178748 | Director | 07 Aug 2018 | 8 yrs 3 mo | Mphasis Limited |
| Nitin Rakesh DIN 00042261 | Managing Director | 01 Oct 2021 | 5 yrs 1 mo | Mphasis Limited |
| Maureen Anne Erasmus DIN 09419036 | Director | 20 Dec 2021 | 4 yrs 10 mo | Mphasis Limited |
| Kabir Mathur DIN 08635072 | Director | 20 Dec 2021 | 4 yrs 10 mo | Mphasis Limited |
| Pankaj Sood DIN 05185378 | Director | 20 Dec 2021 | 4 yrs 10 mo | Mphasis Limited |
| Sunil Kumar Gulati DIN 10473127 | Director | 01 Apr 2024 | 2 yrs 7 mo | Mphasis Limited |
| Girish Srikrishna Paranjpe DIN 02172725 | Director | 01 Oct 2024 | 2 yrs 1 mo | Mphasis Limited |
| Badrinarayanan Rajagopalan DIN 06965494 | Additional Director | 24 Dec 2024 | 1 yr 10 mo | Mphasis Software And Services (India) Private Limited |
| Punit Sood DIN 00033799 | Director | 11 Dec 2025 | 11 mo | Mphasis Limited |
People of Mphasis
319 people are tracked at Mphasis (84 in leadership, 11 in board & advisors, 224 in team); the tracked headcount is 44,281.
| Name | Role | Group |
|---|---|---|
Jerry Rao | Co-Founder | Leadership |
Aravind Viswanathan | CFO | Leadership |
| CEO | Leadership | |
Elango R | President DXC & HP SBU | Leadership |
Rajaratnam Rathnakumar | Senior Vice President - Banking And Financial Services | Leadership |
Sachin Bhandari | Vice President & Head - Digital Workplace Services | Leadership |
Vineeta Cherian | Global Head - Talent Management And Leadership Development | Leadership |
Vasudeva Ch | Associate Vice President At Mphasis - Apps Delivery | Leadership |
Saravanavel Padmanabhan | Vice President | Leadership |
Siddhartha L. | VP & Head Recruitment - Americas, Europe & APJ | Leadership |
Arumugam K | VP & Business Head-digital Transformation Services/global Delivery: Ai/genai Cloud, Data & Analytics | Leadership |
Yadwinder Gill | Vice President- Financial Services | Leadership |
Vishwas Deep | Senior Vice President – Global Talent Acquisition Head | Leadership |
Jags Chander Dm | Vice President, Strategic Accounts, Banking & Financial Services | Leadership |
Srikumar Ramanathan | Chief Solutions Officer | Leadership |
Rao Ambati | Vice President - Head Of India & Asia Pacific Hiring | Technology Recruitment | Leadership |
Ravi Vasantraj | Global Delivery Head | Leadership |
Pardeip Sahota | CFO - MBAC | Leadership |
Rohith Jayachandran | Head Of Banking And Financial Services, Member Of Executive Council | Leadership |
Ca. Gururaj Kalyani | Associate Vice President - Controllership | Leadership |
299 more people are available in the full profile.
Complete people profiles for Mphasis
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 Mphasis
Mphasis is a publicly listed company on the NSE with ticker symbol MPHASIS in India, operating in the Technology services 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.
- IPO date04 Jun 2004
- Listed onNSE: MPHASIS
- Listed entityMphasis Limited
- Exchange sectorTechnology services
- ISININE356A01018
- Share price₹2,452.40 (-0.56% on the day) · 2026-10-14
- Market capitalisation₹47,069 Cr
- Price to earnings24.5
- EPS (diluted, trailing year)₹99.96
- Dividend yield2.65%
- Volume (last session)283,736
Financials of Mphasis
Exchange-reported figures of Mphasis Limited, the listed company behind Mphasis (NSE: MPHASIS).
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 | 15,880 | 14,230 | 13,279 | 13,798 | 11,961 | 9,722 | 8,844 |
| Revenue growth | +11.6% | +7.2% | -3.8% | +15.4% | +23.0% | +9.9% | - |
| EBITDA | 2,943 | 2,647 | 2,422 | 2,434 | 2,118 | 1,803 | 1,650 |
| EBITDA margin | +18.5% | +18.6% | +18.2% | +17.6% | +17.7% | +18.5% | +18.7% |
| Profit before tax | 2,509 | 2,260 | 2,068 | 2,173 | 1,913 | 1,631 | 1,515 |
| Net profit | 1,888 | 1,701 | 1,543 | 1,626 | 1,423 | 1,216 | 1,184 |
| Net profit margin | +11.9% | +12.0% | +11.6% | +11.8% | +11.9% | +12.5% | +13.4% |
| EPS (₹) | 97.61 | 89.55 | 82.26 | 86.94 | 76.18 | 65.05 | 63.52 |
| Balance sheet | |||||||
| Total assets | 13,609 | 11,600 | 11,339 | 8,907 | 8,302 | 7,734 | 7,144 |
| Net worth | 10,744 | 9,628 | 8,795 | 7,935 | 6,943 | 6,527 | 5,830 |
| Total debt | 2,620 | 1,888 | 1,544 | 198 | 527 | 513 | 571 |
| Cash & bank | 1,753 | 1,613 | 814 | 1,053 | 949 | 1,062 | 1,126 |
| Net working capital | 2,946 | 2,057 | 1,379 | 1,986 | 1,898 | 1,975 | 1,839 |
| Cash flow | |||||||
| Cash from operations | 1,253 | 1,905 | 2,180 | 1,462 | 1,716 | 1,455 | 1,321 |
| Cash from investing | (173) | 31.94 | (2,496) | 196 | (271) | (810) | 142 |
| Cash from financing | (943) | (1,756) | 77.08 | (1,440) | (1,389) | (861) | (825) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,581 | 4,384 | 4,243 | 4,003 | 3,902 | 3,732 | 3,710 | 3,561 |
| Revenue growth (YoY) | +17.4% | +17.5% | +14.4% | +12.4% | +10.3% | +9.1% | - | - |
| Other income | 147 | 83.19 | 108 | 62.38 | 74.64 | 80.95 | 59.96 | 62.75 |
| EBITDA | 829 | 795 | 804 | 715 | 722 | 703 | 703 | 678 |
| EBITDA margin | +18.1% | +18.1% | +18.9% | +17.9% | +18.5% | +18.8% | +18.9% | +19.0% |
| Depreciation | 154 | 147 | 153 | 143 | 128 | 132 | 135 | 132 |
| Interest | 55.21 | 48.52 | 77.34 | 41.13 | 43.77 | 41.82 | 36.07 | 39.18 |
| Profit before tax | 768 | 683 | 681 | 593 | 625 | 610 | 591 | 569 |
| Tax | 206 | 193 | 172 | 151 | 156 | 168 | 145 | 141 |
| Net profit | 561 | 489 | 510 | 442 | 469 | 442 | 446 | 428 |
| EPS (₹) | 29.34 | 25.61 | 26.68 | 23.13 | 24.54 | 23.14 | 23.41 | 22.41 |
| 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 | 9,467 | 9,271 | 9,093 | 9,425 | 7,390 | 5,561 | 4,347 |
| Revenue growth | +2.1% | +2.0% | -3.5% | +27.5% | +32.9% | +27.9% | - |
| EBITDA | 1,932 | 2,096 | 2,162 | 2,013 | 1,705 | 1,559 | 1,281 |
| EBITDA margin | +20.4% | +22.6% | +23.8% | +21.4% | +23.1% | +28.0% | +29.5% |
| Profit before tax | 1,876 | 2,010 | 2,038 | 1,882 | 1,620 | 1,446 | 1,388 |
| Net profit | 1,427 | 1,531 | 1,443 | 1,406 | 1,235 | 1,110 | 1,204 |
| Net profit margin | +15.1% | +16.5% | +15.9% | +14.9% | +16.7% | +20.0% | +27.7% |
| EPS (₹) | 73.49 | 80.62 | 76.51 | 75.04 | 65.77 | 59.36 | 64.60 |
| Balance sheet | |||||||
| Total assets | 7,184 | 6,905 | 6,379 | 5,788 | 5,406 | 5,087 | 4,529 |
| Net worth | 6,474 | 6,299 | 5,721 | 5,009 | 4,448 | 4,310 | 3,677 |
| Total debt | 584 | 600 | 115 | 214 | 435 | 267 | 235 |
| Cash & bank | 778 | 690 | 419 | 645 | 533 | 654 | 749 |
| Net working capital | 2,318 | 1,781 | 1,560 | 2,168 | 1,638 | 1,421 | 1,266 |
| Cash flow | |||||||
| Cash from operations | 839 | 1,766 | 1,932 | 1,082 | 1,163 | 1,290 | 943 |
| Cash from investing | 491 | (345) | (974) | 322 | (14.66) | (740) | 432 |
| Cash from financing | (1,243) | (1,177) | (1,185) | (1,254) | (1,152) | (807) | (770) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,679 | 2,701 | 2,454 | 2,409 | 2,367 | 2,237 | 2,248 | 2,350 |
| Revenue growth (YoY) | +13.2% | +20.7% | +9.2% | +2.5% | +0.5% | -3.5% | - | - |
| Other income | 132 | 59.97 | 39.74 | 37.24 | 52.80 | 55.98 | 44.09 | 45.20 |
| Total expenses | 2,030 | 2,073 | 1,932 | 1,932 | 1,836 | 1,834 | 1,779 | 1,812 |
| EBITDA | 649 | 628 | 522 | 477 | 531 | 403 | 469 | 538 |
| EBITDA margin | +24.2% | +23.3% | +21.3% | +19.8% | +22.4% | +18.0% | +20.9% | +22.9% |
| Depreciation | 57.43 | 50.97 | 48.71 | 45.65 | 44.04 | 43.16 | 44.46 | 48.47 |
| Interest | 28.33 | 15.95 | 14.34 | 14.19 | 17.70 | 13.93 | 15.49 | 20.48 |
| Profit before tax | 695 | 621 | 499 | 454 | 522 | 402 | 453 | 514 |
| Tax | 181 | 162 | 127 | 115 | 129 | 104 | 83.93 | 138 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,581 | 4,384 | 4,243 | 4,003 | 3,902 | 3,732 | 3,710 | 3,561 |
| Revenue growth (YoY) | +17.4% | +17.5% | +14.4% | +12.4% | +10.3% | +9.1% | - | - |
| Other income | 147 | 83.19 | 108 | 62.38 | 74.64 | 80.95 | 59.96 | 62.75 |
| EBITDA | 829 | 795 | 804 | 715 | 722 | 703 | 703 | 678 |
| EBITDA margin | +18.1% | +18.1% | +18.9% | +17.9% | +18.5% | +18.8% | +18.9% | +19.0% |
| Depreciation | 154 | 147 | 153 | 143 | 128 | 132 | 135 | 132 |
| Interest | 55.21 | 48.52 | 77.34 | 41.13 | 43.77 | 41.82 | 36.07 | 39.18 |
| Profit before tax | 768 | 683 | 681 | 593 | 625 | 610 | 591 | 569 |
| Tax | 206 | 193 | 172 | 151 | 156 | 168 | 145 | 141 |
| Net profit | 561 | 489 | 510 | 442 | 469 | 442 | 446 | 428 |
| EPS (₹) | 29.34 | 25.61 | 26.68 | 23.13 | 24.54 | 23.14 | 23.41 | 22.41 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 15,880 | 14,230 | 13,279 | 13,798 | 11,961 | 9,722 | 8,844 |
| Revenue growth | +11.6% | +7.2% | -3.8% | +15.4% | +23.0% | +9.9% | - |
| Other income | 326 | 255 | 218 | 162 | 160 | 133 | 178 |
| Total expenses | 12,937 | 11,583 | 10,857 | 11,365 | 9,844 | 7,919 | 7,193 |
| Employee cost | 8,919 | 8,145 | 7,925 | 8,076 | 7,034 | 5,630 | 4,923 |
| EBITDA | 2,943 | 2,647 | 2,422 | 2,434 | 2,118 | 1,803 | 1,650 |
| EBITDA margin | +18.5% | +18.6% | +18.2% | +17.6% | +17.7% | +18.5% | +18.7% |
| Depreciation | 555 | 476 | 410 | 325 | 291 | 242 | 232 |
| Interest | 204 | 166 | 161 | 97.26 | 74.40 | 63.42 | 81.19 |
| Profit before tax | 2,509 | 2,260 | 2,068 | 2,173 | 1,913 | 1,631 | 1,515 |
| Tax | 647 | 558 | 514 | 535 | 482 | 414 | 331 |
| Net profit | 1,888 | 1,701 | 1,543 | 1,626 | 1,423 | 1,216 | 1,184 |
| Net profit margin | +11.9% | +12.0% | +11.6% | +11.8% | +11.9% | +12.5% | +13.4% |
| EPS (₹) | 97.61 | 89.55 | 82.26 | 86.94 | 76.18 | 65.05 | 63.52 |
| 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 | 191 | 190 | 189 | 188 | 188 | 187 | 187 |
| Reserves & surplus | 10,553 | 9,438 | 8,606 | 7,746 | 6,755 | 6,340 | 5,643 |
| Shareholders' funds (net worth) | 10,744 | 9,628 | 8,795 | 7,935 | 6,943 | 6,527 | 5,830 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 337 |
| Unsecured loans | 2,620 | 1,888 | 1,544 | 198 | 527 | 513 | 235 |
| Total debt | 2,620 | 1,888 | 1,544 | 198 | 527 | 513 | 571 |
| Total liabilities | 13,609 | 11,600 | 11,339 | 8,907 | 8,302 | 7,734 | 7,144 |
| Assets | |||||||
| Gross block | 8,763 | 7,649 | 7,044 | 5,227 | 4,760 | 3,744 | 3,581 |
| Net block | 6,435 | 5,781 | 5,533 | 4,060 | 3,774 | 3,020 | 3,013 |
| Capital work in progress | 0.06 | 0.18 | 61.44 | 32.38 | 10.98 | 3.13 | 16.70 |
| Investments | 1,769 | 2,208 | 3,090 | 1,753 | 1,813 | 1,846 | 1,326 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 4,193 | 2,841 | 2,426 | 2,521 | 2,227 | 929 | 835 |
| Cash & bank balances | 1,753 | 1,613 | 814 | 1,053 | 949 | 1,062 | 1,126 |
| Loans & advances | 1,000 | 748 | 800 | 1,011 | 1,105 | 1,614 | 1,474 |
| Total current assets | 6,946 | 5,202 | 4,040 | 4,585 | 4,281 | 3,606 | 3,435 |
| Total current liabilities | 4,000 | 3,144 | 2,661 | 2,599 | 2,383 | 1,630 | 1,596 |
| Net working capital | 2,946 | 2,057 | 1,379 | 1,986 | 1,898 | 1,975 | 1,839 |
| Total assets | 13,609 | 11,600 | 11,339 | 8,907 | 8,302 | 7,734 | 7,144 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 986 | 805 | 1,044 | 827 | 771 | 988 | 350 |
| Net cash from operating activities | 1,253 | 1,905 | 2,180 | 1,462 | 1,716 | 1,455 | 1,321 |
| Net cash from investing activities | (173) | 31.94 | (2,496) | 196 | (271) | (810) | 142 |
| Net cash from financing activities | (943) | (1,756) | 77.08 | (1,440) | (1,389) | (861) | (825) |
| Net change in cash | 137 | 181 | (239) | 217 | 55.70 | (217) | 638 |
| Closing cash | 1,753 | 1,613 | 814 | 1,053 | 949 | 1,062 | 1,126 |
| 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 | +11.6% | +7.2% | -3.8% | +15.4% | +23.0% | +9.9% | - |
| EBITDA growth | +11.2% | +9.3% | -0.5% | +14.9% | +17.5% | +9.2% | - |
| PBT growth | +11.0% | +9.3% | -4.8% | +13.6% | +17.3% | +7.6% | +7.7% |
| Net income growth | +11.0% | +10.3% | -5.1% | +14.3% | +17.0% | +2.8% | - |
| Revenue CAGR (3Y) | +4.8% | +6.0% | +11.0% | +16.0% | +15.7% | +14.1% | +13.3% |
| EBITDA CAGR (3Y) | +6.5% | +7.7% | +10.3% | +13.8% | +17.0% | +19.8% | +20.2% |
| Profitability & leverage | |||||||
| Net income margin | +11.7% | +12.0% | +11.7% | +11.9% | +12.0% | +12.5% | +13.4% |
| Return on capital employed | +21.5% | +21.2% | +22.0% | +26.4% | +24.8% | +22.8% | +24.5% |
| Return on net worth | +18.3% | +18.5% | +18.6% | +22.0% | +21.3% | +19.7% | +21.4% |
| Debt / equity | 0.22 | 0.19 | 0.10 | 0.05 | 0.08 | 0.09 | 0.10 |
| Long-term debt / equity | 0.06 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 8.55 | 7.62 | 8.00 | 4.61 | 4.07 | 4.06 | 5.72 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.94 | 1.94 | 2.16 | 2.76 | 2.81 | 2.65 | 2.91 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 4.52 | 5.40 | 5.37 | 5.81 | 7.58 | 11.02 | 9.88 |
| EPS (₹) | 97.61 | 89.55 | 82.26 | 86.94 | 76.18 | 65.05 | 63.52 |
| Dividend per share (₹) | 62.00 | 57.00 | 55.00 | 50.00 | 46.00 | 65.00 | 35.00 |
| Book value per share (₹) | 563.01 | 506.53 | 465.31 | 421.15 | 369.66 | 348.93 | 312.51 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,679 | 2,701 | 2,454 | 2,409 | 2,367 | 2,237 | 2,248 | 2,350 |
| Revenue growth (YoY) | +13.2% | +20.7% | +9.2% | +2.5% | +0.5% | -3.5% | - | - |
| Other income | 132 | 59.97 | 39.74 | 37.24 | 52.80 | 55.98 | 44.09 | 45.20 |
| Total expenses | 2,030 | 2,073 | 1,932 | 1,932 | 1,836 | 1,834 | 1,779 | 1,812 |
| EBITDA | 649 | 628 | 522 | 477 | 531 | 403 | 469 | 538 |
| EBITDA margin | +24.2% | +23.3% | +21.3% | +19.8% | +22.4% | +18.0% | +20.9% | +22.9% |
| Depreciation | 57.43 | 50.97 | 48.71 | 45.65 | 44.04 | 43.16 | 44.46 | 48.47 |
| Interest | 28.33 | 15.95 | 14.34 | 14.19 | 17.70 | 13.93 | 15.49 | 20.48 |
| Profit before tax | 695 | 621 | 499 | 454 | 522 | 402 | 453 | 514 |
| Tax | 181 | 162 | 127 | 115 | 129 | 104 | 83.93 | 138 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 9,467 | 9,271 | 9,093 | 9,425 | 7,390 | 5,561 | 4,347 |
| Revenue growth | +2.1% | +2.0% | -3.5% | +27.5% | +32.9% | +27.9% | - |
| Other income | 186 | 178 | 135 | 118 | 123 | 89.46 | 323 |
| Total expenses | 7,535 | 7,175 | 6,931 | 7,412 | 5,684 | 4,002 | 3,067 |
| Employee cost | 3,112 | 2,814 | 2,760 | 2,892 | 2,397 | 1,775 | 1,662 |
| EBITDA | 1,932 | 2,096 | 2,162 | 2,013 | 1,705 | 1,559 | 1,281 |
| EBITDA margin | +20.4% | +22.6% | +23.8% | +21.4% | +23.1% | +28.0% | +29.5% |
| Depreciation | 182 | 189 | 193 | 176 | 149 | 151 | 153 |
| Interest | 60.16 | 74.46 | 66.09 | 73.70 | 58.71 | 52.05 | 63.04 |
| Profit before tax | 1,876 | 2,010 | 2,038 | 1,882 | 1,620 | 1,446 | 1,388 |
| Tax | 474 | 478 | 592 | 468 | 385 | 335 | 183 |
| Net profit | 1,427 | 1,531 | 1,443 | 1,406 | 1,235 | 1,110 | 1,204 |
| Net profit margin | +15.1% | +16.5% | +15.9% | +14.9% | +16.7% | +20.0% | +27.7% |
| EPS (₹) | 73.49 | 80.62 | 76.51 | 75.04 | 65.77 | 59.36 | 64.60 |
| 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 | 191 | 190 | 189 | 188 | 188 | 187 | 187 |
| Reserves & surplus | 6,283 | 6,109 | 5,532 | 4,820 | 4,260 | 4,123 | 3,491 |
| Shareholders' funds (net worth) | 6,474 | 6,299 | 5,721 | 5,009 | 4,448 | 4,310 | 3,677 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 584 | 600 | 115 | 214 | 435 | 267 | 235 |
| Total debt | 584 | 600 | 115 | 214 | 435 | 267 | 235 |
| Total liabilities | 7,184 | 6,905 | 6,379 | 5,788 | 5,406 | 5,087 | 4,529 |
| Assets | |||||||
| Gross block | 1,515 | 1,434 | 1,398 | 1,219 | 1,053 | 945 | 886 |
| Net block | 617 | 619 | 682 | 675 | 583 | 596 | 634 |
| Capital work in progress | 0.06 | 0.18 | 13.66 | 4.34 | 0.00 | 0.66 | 7.27 |
| Investments | 3,150 | 3,647 | 3,249 | 2,094 | 2,295 | 2,380 | 1,816 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 2,679 | 1,803 | 1,775 | 1,932 | 833 | 594 | 768 |
| Cash & bank balances | 778 | 690 | 419 | 645 | 533 | 654 | 749 |
| Loans & advances | 645 | 630 | 611 | 1,037 | 1,785 | 1,030 | 733 |
| Total current assets | 4,102 | 3,123 | 2,805 | 3,615 | 3,150 | 2,278 | 2,250 |
| Total current liabilities | 1,784 | 1,342 | 1,245 | 1,446 | 1,512 | 857 | 984 |
| Net working capital | 2,318 | 1,781 | 1,560 | 2,168 | 1,638 | 1,421 | 1,266 |
| Total assets | 7,184 | 6,905 | 6,379 | 5,788 | 5,406 | 5,087 | 4,529 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 653 | 409 | 636 | 486 | 489 | 746 | 144 |
| Net cash from operating activities | 839 | 1,766 | 1,932 | 1,082 | 1,163 | 1,290 | 943 |
| Net cash from investing activities | 491 | (345) | (974) | 322 | (14.66) | (740) | 432 |
| Net cash from financing activities | (1,243) | (1,177) | (1,185) | (1,254) | (1,152) | (807) | (770) |
| Net change in cash | 87.21 | 244 | (226) | 150 | (3.48) | (257) | 605 |
| Closing cash | 778 | 690 | 419 | 645 | 533 | 654 | 749 |
| 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 | +2.1% | +2.0% | -3.5% | +27.5% | +32.9% | +27.9% | - |
| EBITDA growth | -7.8% | -3.1% | +7.4% | +18.1% | +9.4% | +21.7% | - |
| PBT growth | -6.7% | -1.4% | +8.3% | +16.2% | +12.1% | +4.2% | +42.7% |
| Net income growth | -6.8% | +6.1% | +2.6% | +13.9% | +11.2% | -7.8% | - |
| Revenue CAGR (3Y) | +0.2% | +7.9% | +17.8% | +29.4% | +29.1% | +19.3% | +12.9% |
| EBITDA CAGR (3Y) | -1.4% | +7.1% | +11.5% | +16.3% | +23.8% | +22.6% | +24.4% |
| Profitability & leverage | |||||||
| Net income margin | +14.8% | +16.5% | +15.9% | +15.0% | +16.7% | +20.0% | +27.7% |
| Return on capital employed | +27.5% | +31.4% | +34.6% | +34.9% | +32.0% | +31.2% | +35.7% |
| Return on net worth | +22.0% | +25.5% | +27.0% | +29.9% | +28.2% | +27.8% | +34.7% |
| Debt / equity | 0.09 | 0.06 | 0.03 | 0.07 | 0.08 | 0.06 | 0.07 |
| Long-term debt / equity | 0.07 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 3.44 | 3.91 | 3.36 | 4.01 | 3.77 | 3.70 | 5.59 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.42 | 6.55 | 6.95 | 8.29 | 7.39 | 6.07 | 7.97 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 4.22 | 5.18 | 4.90 | 6.82 | 10.35 | 8.16 | 6.84 |
| EPS (₹) | 73.49 | 80.62 | 76.51 | 75.04 | 65.77 | 59.36 | 64.60 |
| Dividend per share (₹) | 62.00 | 57.00 | 55.00 | 50.00 | 46.00 | 65.00 | 35.00 |
| Book value per share (₹) | 339.28 | 331.38 | 302.69 | 265.84 | 236.80 | 230.42 | 197.12 |
Investments & Acquisitions by Mphasis
Mphasis has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Blink UX, Datalytyx and Digital Risk.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based Salesforce solution development services are provided. | silverlinecrm.com | New York, United States | 2010 | Oct 2023 | $132.5M | |
ERP, consulting, analytics, and IT governance services are provided. | ebecs.com | Chesterfield, United Kingdom | 1999 | Jun 2023 | •••• | |
Mobile applications development services are focused on UI/UX. | blinkux.com | Seattle, United States | 2000 | Sep 2021 | $94M | |
Provider of IoT based analytics and data classifier solution | datalytyx.com | London, United Kingdom | 2005 | Nov 2020 | $17.6M | |
DevOps automation and continuous delivery on AWS are provided. | stelligent.com | Reston, United States | 2007 | Nov 2018 | $25M | |
Provider of risk, compliance, and transaction management solutions to mortgage industry | digitalrisk.com | Maitland, United States | 2005 | Dec 2012 | $202M | |
Suite solutions for the insurance industry are offered. | wyde.com | Paris, France | 1997 | Aug 2011 | •••• | |
Renote IT Operations and Management | fortifyis.com | Santa Clara, United States | 2008 | Apr 2010 | $15M | |
Automated software solution for benefit managers to process and pay health claims | eldoinc.com | Phoenix, United States | 1981 | Mar 2005 | $16.5M |
Complete acquisition details for Mphasis
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Timeline of Mphasis
13 dated milestones of Mphasis across 31 years, from founding to its latest funding, stage changes and deals.
- Founded Mphasis is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Eldorado Computing.
- Exit Acquired by EDS.
- Acquisition Acquires Fortify Infrastructure Services.
- Acquisition Acquires Mphasis Wyde.
- Acquisition Acquires Digital Risk.
- Exit Acquired by Blackstone.
- Acquisition Acquires Stelligent.
- Acquisition Acquires Datalytyx.
- Acquisition Acquires Blink UX.
- Acquisition Acquires eBECS.
- Acquisition Acquires Silverline.
Competitors of Mphasis
Mphasis has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of Mphasis
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Web traffic of Mphasis
The website of Mphasis (mphasis.com) receives about 190.8K visits a month.
- Monthly visits190.8K
▲ 5.9% vs previous month
Websites whose visitors overlap most with Mphasis. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hcltech.com | 100% | 897.7K | #58,144 | View details | |
| patni.com | 94% | View details | |||
| techmahindra.com | 92% | 575.8K | #73,737 | View details | |
| infosys.com | 88% | 3.2M | #19,624 | View details | |
| leetcode.com | 84% | 38.5M | #1,101 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Mphasis
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Top companies in Business Process Outsourcing (BPO)
3 companies that operate in the same segment as Mphasis (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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Related news about Mphasis
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Frequently Asked Questions about Mphasis
Mphasis was founded in 1992.
Mphasis is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Nitin Rakesh is the CEO of Mphasis, as recorded in our data.
Mphasis has 44,281 employees.
The primary company behind Mphasis, Mphasis Limited, reported revenue of ₹16,206 Cr for FY 2026, up 12% year on year.
Mphasis was established in 1992 and is based in Bengaluru, India. IT infrastructure, finance and accounting processes, human resources outsourcing, business process management, and customer sales along with support functions are handled through its operations. Services are extended to multiple industries, with a focus on global clients supported from Indian facilities. Key leadership includes co-founder Jerry Rao, CFO Aravind Viswanathan, and CEO Nitin Rakesh.
Mphasis's top competitors include Happiest Minds and Datamatics.
Mphasis offers Application Services, AI Solutions, and Cloud Services.
Yes, Mphasis is publicly traded on NSE under the ticker symbol MPHASIS.
Mphasis has made 9 acquisitions, including Blink UX, Datalytyx, and Digital Risk.
Mphasis has 2 investors. Key investors include Blackstone, and DXC Technology.
Mphasis is associated with 3 legal entities: Mphasis Limited, Mphasis Software And Services (India) Private Limited, Msource (India) Private Limited.

