Page 15 - Hinduja Group

HGS bets on banking, HR segments as demand from domestic telecom slips

Owing to a churn in India's telecom sector, the company's share of domestic business dropped to 27% in Q1FY20 as compared to 31% a year earlier

Hinduja group wants to steer clear of grounded Jet Airways' past

Before striking any deal, the group wants to be sure that it won't be made party to cases linked to airline

Hinduja Global Solutions to focus on India, counter Brexit factor in UK

Company's consolidated net profit rises to 6.2 per cent annually to Rs 54.55 crore for the quarter ended March 31.

US acquisition, dip in India biz drag Hinduja Global Solutions Q2 net

The company reported 22.9% rise in its revenues at Rs 11.58 bn in the quarter when compared with the corresponding period previous fiscal

Hinduja Global Solutions to expand in US with health care focus

'We are also looking at increasing the pie of platform business to around 25 per cent in the next three years'

Hinduja Leyland Finance to raise Rs 5 billion as primary capital

Company to put up 31 mn shares on offer; Everstone, the only outside investor in the firm to make a partial exit

Hinduja Leyland Finance's proposed IPO size expected to be Rs 10-15 bn

The company had dropped its IPO plans worth Rs 5-7 billion in 2016 due to demonetisation

Hinduja Global Solutions posts 13% rise in Q4 net to Rs 482 million

Q4 margins were muted due to one-time costs of acquisitions, CEO of Hinduja Global Solution, Partha DeSarkar said

Hinduja Leyland Finance sees gross income rising to Rs 2,000 cr this fiscal

Hinduja Leyland Finance, the non banking finance company of Hinduja Group, is expecting its gross income during the current fiscal to grow to around Rs 2,000 crore and doubling of its assets under management by the end of the fiscal despite the challenges in the commercial vehicles market.Commenting o the company's growth prospects, S Nagarajan, executive vice chairman of the company said, "We are doing well. We will end the year with Rs 20,000 crore of asset under management, from around Rs 10,000 crore last year." The AUM during the period ended September, this year stood at around Rs 15,000 crore.In terms of gross income the company is expecting around Rs 2,000 crore by the end of this fiscal year. It may be noted that the revenue of the company last fiscal year was around Rs 1486.31 crore.Almost 40 per cent of its portfolio is commercial vehicles, around 10 per cent each in two-wheeler, loan against propety and three wheeler lending and the rest in used vehicles and others. It ...

Hinduja Global Solutions Q1 profit falls 20% to Rs 42 cr

HGS' capex and investments stood at Rs 39.5 crore at the end of June 2017 quarter

Promoters nix Hinduja Global's stock rights plan

In a rare move, the promoters of Hinduja Global Solutions, the group's information technology and business process outsourcing arm, have voted against the employee stock appreciation rights (ESAR) plan.Such decisions by promoters against management proposals are rare, raising questions around the rationale and whether the management and the promoters are not on the same page. A HGS spokesperson declined to offer any comment in this regard. The total of votes polled were 52.68 per cent of the total. Of these, 65 per cent of the promoter shareholders took part; the others did not vote. Among non-promoters, only 26 per cent voted. About 85 per cent of the public shareholders had voted in favour but 99 per cent of the promoter votes polled were against. A maximum of two million shares of Rs 10 each were to be issued under the plan. Hinduja Global shares closed Monday's trade at Rs 521.05. The company had floated two resolutions through postal ballot to approve the ESAR plan. One covered .

Hinduja Media to roll out video-on-demand, IPTV services

Hinduja Media Ventures Ltd plans to roll out value added services like pre-paid paper view and video on demand over the next two months."We plan to launch the two services in the next two months. Besides, we are looking to enable our digital customers the option of broadband", said Ashok Mansukhani, managing director and chief executive officer of Hinduja Media Group.Going ahead, the company is also aiming to launch IPTV (Internet Protocol Television) services on laptops and mobiles on OTT (Over the Top) technology platform.Commenting on its digital service platform NXT Digital, he said, around 1700 local cable operators have been covered across the country and the focus is now on deepening the network further especially in rural India.On the impact of Goods & Service Tax (GST), Mansukhia said, "GST would not give us an edge but level the playing field with the DTH service providers. Ours is completely a pre-paid model where the operator knows the price and the customer is aware ..

Hindujas urge China and UK to invest in India

India has excellent opportunities for Chinese firms to invest in infrastructure, says Gopi Hinduja

Hinduja Leyland Finance calls off IPO plan

Hinduja Leyland Finance Ltd, a subsidiary of commercial vehicle major Ashok Leyland Ltd offering vehicle finance and loan against property has decided to call off its plans for an Initial Public Offering (IPO). The IPO was expected to take place last fiscal year.The company was expecting to raise around Rs 500 crore as equity through IPO. The IPO was planned during the last quarter of last year and with demonetisation, the company decided not to hit the market during the time."The Board of Directors of HLFL at their meeting held on May 23, 2017 had decided to withdraw the DRHP (Draft Red Herring Prospectus) and accordingly the DRHP had been withdrawn from SEBI on June 16, 2017," said a filing by the company in the Bombay Stock Exchange."The existing investors infused around Rs 250 crore into the company last year. We raised another Rs 100 crore during this quarter, which served the requirement of capital," said S Nagarajan, executive vice chairman of the company.Hinduja Group holds ...

HGS to enhance capacity at Raipur unit by a third

The BPM unit has space for 890 employees currently; firm plans to raise that to 1,200 by year-end

Hinduja Global Solutions looks at acquisitions in Latin America

The company has a surplus cash on the books worth nearly Rs 440 crore as on December 31, 2016

Hinduja Global Solutions looks at acquisition in Latin America

Back-office service provider Hinduja Global Solutions (HGS) is looking at acquisition in Latin America to build digital capabilities and expand on-shore delivery in the region. The Rs 2770 crore business process management solution provider currently has more than 4000 employees servicing its customers in the US through 9 delivery centres. The company has a surplus cash on the books worth nearly Rs 440 crore as on December 31, 2016. "We are now looking at Latin America for inorganic growth. There is cash in the balance sheet. Our current focus is on inorganic growth and we acquired firms in Philippines, Canada to build new capabilities," said Partha DeSarkar, chief executive officer, HGS. DeSarkar added that while the company has made acquisitions in the recent past expand presence in new markets, it would now focus on building capabilities in the areas of Artificial Intelligence, Digital, Analytics. In March 2015, the company's acquired Atlanta-based company Colibrium to ...

Hinduja Global Q3 net rises over two-fold to Rs 47.21 crore

The firm had posted a net profit of Rs 19.97 crore in the year-ago period

Hinduja Ventures rises 4% after board approves divestment in Hinduja Energy

The stock hit an intraday high of Rs 521.25, up 4.25% on the BSE in the early trade

HGS Q2 profits up 18.5% to Rs 37.41 cr

Its revenue grew 15% at Rs 905 crore