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eClerx Services Limited
Company typePublic
BSE:  532927
NSE:  ECLERX
FoundedMarch, 2000
HeadquartersMumbai, India
Number of employees
14500+

eClerx Services Ltd. is an Indian IT consulting and outsourcing multinational company based in Mumbai and Pune engaged in providing solutions to Fortune 500 companies business process management, automation and analytics services . [1] eClerx is a public limited company whose shares are listed on the Bombay Stock Exchange and National Stock Exchange of India.

History

eClerx was founded in year 2000 [2] for providing services relating to business process management, automation and analytics to companies engaged in providing financial services, retail, communications, media & entertainment, fashion, manufacturing, travel & leisure and technology companies. [3] [4] [5]

As of May 2022, its total headcount was reported as 14,800. [6]

eClerx was granted approval by SEBI for buy back of its shares for Rs 3030 million. [7] [8]

Acquisitions and operations

In April 2012, eClerx acquired Agilyst Inc to grow its footprint in the U.S. cable and telecom industry. [9] On 31 March 2015, eClerx acquired Creative Services Agency CLX Europe, for a total purchase consideration of up to EUR 25 million. [10]

In December 2020, it entered into agreement to purchase US-based company engaged in providing digital marketing and back office services, Personiv. [11] [12]

References

  1. ^ "eClerx Services sets Rs 270-315 band". The Hindu Business Line. Archived from the original on 1 July 2009. Retrieved 16 July 2010.
  2. ^ "An inside look at how Covid-19 affected life at eClerx and how they recovered". Uktech.news. 13 September 2021. Retrieved 29 October 2021.
  3. ^ "eClerx Services hits the roof after Q1 results, share buyback". Business-standard.com. 16 August 2021. Retrieved 29 October 2021.
  4. ^ "eClerx Services Locked In 20% Upper Circuit After March Quarter Earnings". Ndtv.com. 11 June 2021. Retrieved 29 October 2021.
  5. ^ Nahar, Pawan. "eClerx Services rallies 20% after robust Q4 numbers". The Economic Times. Retrieved 5 June 2022.
  6. ^ "eClerx's FY22 revenue stands at INR 2,184.4 crore and net profit up by 47.7% at INR 417.4 crore" (PDF). Eclerx.com. Retrieved 5 June 2022.
  7. ^ "eClerx Services gets SEBI approval to open buyback offer of Rs3030 million on October 18; Stock climbs 3%". Indiainfoline.com. 11 October 2021. Retrieved 29 October 2021.
  8. ^ "Share Buyback: eClerx board approves share buy back at price not exceeding ~3200 per share". Dsij.in. 15 August 2021. Retrieved 29 October 2021.
  9. ^ Our Bureau. "eClerx acquires US-based Agilyst". The Hindu Business Line.
  10. ^ Our Bureau. "eClerx buys CLX Europe for €25 m". The Hindu Business Line.
  11. ^ Kapur, Narinder (15 December 2020). "KPO firm eClerx to acquire US-based Personiv for $34 mn". Vccircle.com. Retrieved 29 October 2021.
  12. ^ "Business Process Management Leader, eClerx, Acquires Texas-Based Personiv". Prnewswire.com. 24 December 2020. Retrieved 29 October 2021.
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