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MphasiS: The classic turnaround story of a once struggling company

MphasiS has been a steady performer on the operational front from the last two years.

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Takeover by the US-based private equity firm Blackstone and a sharp turnaround in HP/DXC channel, which constitutes nearly 30 per cent of its business, have changed the fortunes of the midcap IT company MphasiS, and how! The Bengaluru-based IT services firm got a new lease of life when Blackstone acquired a controlling 60.5 per cent stake in the company from Hewlett-Packard Enterprise (HPE) in September 2016. That apart, a sharp U-turn in the company's HP/DXC segment, which was declining 15-20 per cent every year till two years ago, proved to be a boon. (HP/DXC is a common ...