Genpact Celebrating Eight Years on the NYSE by Ringing The Closing Bell on August 27
Genpact President and CEO Tiger Tyagarajan (center) is joined by members of the Genpact’s senior management team and Board of Directors along with John Merrell of the NYSE (far right) at The Closing Bell on August 27, 2015, in celebration of 8 years of successful growth as a publicly-traded company.
NEW YORK, Aug 26, 2015 -- Genpact (NYSE: G), a global leader in designing, transforming, and running intelligent business operations, will commemorate eight years as a publicly-traded company on the New York Stock Exchange (NYSE) by ringing The Closing Bell® at 4:00 p.m. EDT on Thursday, August 27.
In recognition of this milestone, Genpact's President and CEO N.V. 'Tiger' Tyagarajan will preside over the ringing of The Closing Bell. Joining Tyagarajan will be members of the company's senior management team in addition to several members of Genpact's Board of Directors.
Genpact's common shares were first listed on the NYSE on August 3, 2007. Since 2007, Genpact has grown from $823 million in annual revenues to $2.28 billion in 2014 – a total compounded annual growth rate (CAGR) of 16% with a Global Client (non-GE) CAGR of 27%.
"We are delighted to be commemorating eight years as a public company at the New York Stock Exchange," Tyagarajan said. "Since 2007, Genpact has grown on a truly global scale, nearly tripling our revenues, more than doubling our workforce to close to 70,000 employees in 25 countries and making many strategic acquisitions. We have also significantly expanded our Global Client relationships during this time – from approximately 40 clients in 2007 to more than 500 clients above $1 million in annual revenue today, including more than one-fourth of the Fortune Global 500.
"On August 4, we reported solid second-quarter 2015 results, delivering 11% revenue growth on a constant currency basis and 15% growth in our Global Client revenues on a constant currency basis," Tyagarajan continued. "Our focus remains on delivering sustainable and profitable growth, bolstered by our unique approach that combines advanced digital technologies with deep operational process and domain expertise that is driving real value for our clients."
A live webcast of The Closing Bell (beginning at 3:59 p.m. EDT) will be available on the NYSE website at www.nyse.com.
Genpact (NYSE: G) stands for "generating business impact." We design, transform, and run intelligent business operations including those that are complex and specific to a set of chosen industries. The result is advanced operating models that assist our clients in becoming more competitive by supporting their growth and managing cost, risk, and compliance across a range of functions such as finance and procurement, financial services account servicing, claims management, regulatory affairs, and industrial asset optimization. Our Smart Enterprise Processes (SEPSM) proprietary framework helps companies reimagine how they operate by integrating effective Systems of EngagementTM, core IT, and Data-to-Action AnalyticsSM. Our hundreds of long-term clients include more than one-fourth of the Fortune Global 500. We have grown to over 70,000 people in 25 countries, with key management and a corporate office in New York City. Our global critical mass doesn't dilute our flexible and collaborative approach, and our management team still drives client partnerships personally. We believe we are able to generate impact quickly because of our business domain expertise and experience running complex operations, driving our focus on what works and making transformation sustainable. Clients attribute much of our success to our unique history: behind our passion for process and operational excellence is the Lean and Six Sigma heritage of a former General Electric division that has served GE businesses for more than 16 years. Follow Genpact on Twitter, Facebook, LinkedIn, and YouTube.
For more information:
Gail Marold (Genpact Media
Dan Wilson (For Genpact U.S.)
Quintin Keanie (For Genpact Europe)
+44 (0)207 309 1053