Leading IT firm Zensar Technologies today said it has bagged a contract worth Rs 100 crore from one of the South Africa's insurance companies to provide services to its customers for five years.
The company has entered into a strategic partnership with one of South Africa's leading insurance organisations, and would provide services worth Rs 100 crore to the customers over a period of five year, Zensar said in a filing to the Bombay Stock Exchange.
Zensar, however, did not disclose the name of the firm.
The company, for the project, would recruit 300 IT professionals over the next three months from across India, the filing added.
Zensar's insurance sector customers include leading insurance service providers in US, UK and South Africa, it added.
Shares of Zensar Technologies today closed at Rs 321.90 on the Bombay Stock Exchange, up 0.83 per cent from the previous close.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app