WNS Global Services
 | |
| Public | |
| Traded as | NYSE: WNS |
| Industry | Business process management, outsourcing, IT consulting |
| Founded | 1996 |
| Headquarters |
[[Bangalore ]], India[1] |
Key people |
Adrian T. Dillon (Chairman, WNS Global Services) Keshav R Murugesh (Group CEO, WNS Global Service) |
| Revenue |
 US$503.0 million [2] (2015) |
Number of employees | 32,448 (June 2016) |
| Website |
www |
WNS Global is a global business process management company headquartered in Mumbai, India. It has more than 32,000 professionals working in 42 "delivery centers" across the world, including India, United States, United Kingdom, China, Costa Rica, Philippines, Poland, Romania, South Africa, and Sri Lanka. Adrian T. Dillon is the Chairman of the Board and Keshav R Murugesh is the group CEO.[3]
WNS is listed on the New York Stock Exchange under the symbol WNS.[4] The company operates in two segments: WNS Global BPO and WNS Auto Claims BPO. Its clients are primarily in the travel, banking, financial services, insurance, healthcare and utilities, retail and consumer product industries.[5]
The company’s clients include Air Canada, British Airways, Virgin Atlantic Airways, FirstMangus Financial, IndyMac Bank, Tesco and Travelocity, a subsidiary of Sabre Holdings.[6]
History
WNS began operations as a captive / in-house unit of British Airways in 1996 and was known as WNS World Network Services. From 300 employees in 2003, WNS has expanded to over 32,000 people today. It has 40 delivery centers worldwide and services over 200 Fortune 500 companies.[7]
1999 – Launches delivery centre in Pune India.[8]
2003 – Launches Knowledge Services Business.[9]
2004 – Sets up new centres in Colombo in Sri Lanka and Gurgaon in India.[10]
2006 – Comes out with an initial public offering and is listed on the NYSE, the first Indian business process outsourcing company to be listed on the exchange. It raises about $224 million at $20 per ADS.[11]
2008 – Launches new delivery centres in the Philippines and Romania.[12]
2009 – Launches second delivery centre in the UK, and expands the one it has in the Philippines.
2010 – Sets up delivery centre in Costa Rica.[13][14]
2011 – Acquires share from JV partner and assumes full control of the Philippines centre.[15]
2012 – Sets up first delivery centre in North America to service US clients.[16] It also sets up a centre in Poland.[17]
2013 – Launches new centre in China.[18]
2014 – Launches new centre in Pennsylvania.
WNS Global Services South Africa(Pty) Ltd
WNS Global Services Holdings acquired Fusion Outsourcing Services, which was owned by the BGL Group in 2012 [19] for £10 million as part of their global expansion strategy.Johann Kunz is,[20] the Managing Director of the South African region.South Africa was seen as an important acquisition due to its growth and capabilities in the outsourcing industry. It is a favourable offshoring destination for UK, Europe and Australian markets due to its competitive price point of between 45%-50%,[21] cultural affinity to the UK,US and Australian markets, well established infrastructure, large English speaking talent pool, time zone friendliness and business enabling environment supported by government incentives.[22]
Services
WNS offers customer care outsourcing, finance and accounting, human resource outsourcing, legal services, procurement, risk management, transformation solutions and research and analytics to ten industries. These are banking and financial services; healthcare; insurance; manufacturing; media and entertainment; retail and consumer packaged goods; shipping and logistics; telecommunications; travel and leisure; utilities and energy.[23]
Proprietary platforms and offerings
WNS has developed technology-enabled platforms like WNS-Verifare, WNS-Jade, WNS-Dynamic Discount Manager and WNS-ProClaim.[24] As a part of its analytics offerings, WNS has developed WNS Analytics Decision Engine or WADESM[25] and ProGenieSM[26] – a proprietary tool to help online visitors navigate the website.
WNS DecisionPointTM
Making key decisions that improve business performance requires more than simple insights. It takes deep data discovery and a keen problem-solving approach to think beyond the obvious. As a business leader, you must have access to information most relevant to you that helps you anticipate potential business headwinds and craft strategies that can turn challenges into opportunities and lead to favorable business outcomes.
WNS DecisionPointTM [27] is a one-of-a-kind thought leadership platform that tracks industry segments served by WNS and presents thought-provoking original perspectives based on rigorous data analysis and custom research studies. Coupling empirical data analysis with practical ideas around the application of analytics, disruptive technologies, next-gen customer experience, process transformation and business model innovation, WNS aims to arm you with decision support frameworks based on ‘points of fact.’ Drawing on our experience from working with 200+ clients around the world in key industry verticals, and knowledge collaboration with carefully selected partners including Knowledge@Wharton, each research asset draws on ‘points of fact’ to come up with actionable insights with the goal of bringing the future forward. Website : www.wnsdecisionpoint.com
Top Management
Adrian T. Dillion is the chairman of the Board of Directors at WNS. He is currently a Member of the Board of Directors and Chair of the Audit and Finance Committees of Williams-Sonoma, Inc, a specialty retailer of home products.[28][29] Keshav Murugesh is the CEO. He is responsible for executing the business strategy and directing the overall performance and growth of the organization. Murugesh has held several leadership positions in global companies, including President and CEO, Syntel Inc, and ITC Ltd, an affiliate of BAT Plc.[30]
Key Projects
Some of the key projects of WNS include:
- A $300 million contract from Australian insurance major Suncorp to WNS along with Genpact for end-to-end insurance outsourcing.[31]
- A back-office contract from Mashreq, one of the largest banks in the United Arab Emirates.[32]
Financial Results
In fiscal 2016, WNS made net revenues of $531.0 million, which represented 5.6% year-over-year growth or 11% on a constant currency basis. This top line improvement, coupled with operating and profit margin expansion, helped the company increase its adjusted net income to $103.0 million or $1.92 per diluted share.[33]
Acquisitions
- 2003: WNS acquires Town & Country Assistance Limited; a UK-based automobile claims handling company, thereby extending beyond the travel industry to include insurance-based automobile claims processing.
- 2004: Takes over the health claims management business of Greensnow.
- 2006: Makes three key acquisitions. It acquired Trinity Partners Inc, a provider of BPO services to financial institutions, the fare audit services business from PRG Airlines; and the financial accounting business from GHS Holdings LLC.
- 2007: Acquires Marketics, a provider of offshore analytics services; It acquired Flovate, a software company.
- 2008: Acquires Accidents Happen Assistance Limited, or AHA (formerly known as Call 24-7); BizAps, a provider of systems applications and products; and finally Aviva Global Services.
- 2011: Acquires shares from JV partner and assumed full control of the Philippines centre.[34]
- 2012: Takes over Fusion Outsourcing Services in South Africa.[35]
Awards
- Ranked No.1 insurance outsourcer by Global Outsourcing 100 (2007).[36]
- Best 20 Leaders by Industry focus: Retail & Consumer Goods - IAOP 2010 Global Outsourcing 100.[37]
- Ranked among the Top 100 in the 6th Annual GS100 list in three categories: Top Global Mid-Tier BPO Vendors, Top FAO Vendors and Top Industry-Specific BPO Vendors.[38]
- Best five companies by Industry Focus: Utilities – IAOP Global Outsourcing 100 (2012, 2014).[39]
- Won Global CSR Award 2012 on World CSR Day.[40]
- Won the Prestigious Golden Peacock Global Award for Corporate Social Responsibility, 2013.[41]
- Was inducted into the Medici Hall of Fame for Innovation, 2013.[42]
- Was positioned as a `leader’ for insurance in Everest Group’s Insurance BPO – Service Provider Landscape with PEAK Matrix Assessment 2013.[43]
- Named a ‘Leader’ in the Gartner Magic Quadrant for Finance and Accounting (F&A) BPO for the fourth year in a row in 2014.[44]
- Recognized as a leader in Global Insurance BPO Solutions by HfS Research in 2013.[45]
- Won the Gold Stevie for Best New Product or Service of the Year - Software - Web Services Solution for 2014. Also collected the Bronze Stevie Best New Product or Service of the Year – Software - Big Data Solution 2014.[46]
- Won ATD BEST Award for Innovative Learning Initiatives in 2014.[47]
- Inducted into World Economic Forum’s Global Growth Companies Community.[48]
See also
References
- ↑ "Contacts, locations". WNS. Retrieved 2013-01-15.
- ↑ "BPO | Global BPO Company | Business Process Outsourcing Services from". WNS. Retrieved 2010-07-16.
- ↑ "WNS Board of Directors". WNS. Retrieved 2013-01-20.
- ↑ "WNS Company Profile – Google Finance". Google. Retrieved 2014-12-15.
- ↑ "WNS Company Profile – CNN Money". CNN. Retrieved 2014-12-15.
- ↑ "A Bet on India". Forbes. Retrieved 2006-07-21.
- ↑ "Mr. Keshav R. Murugesh, Group CEO, WNS Group". India Infoline. Retrieved 2014-12-21.
- ↑ "Mr. Keshav R. Murugesh, Group CEO, WNS Group". India Infoline. Retrieved 2014-12-21.
- ↑ "WNS Launches Knowledge Services". Mckinsey. Retrieved 2003-07-21.
- ↑ "Sri Lanka embraces outsourcing". BBC. Retrieved 2004-07-13.
- ↑ "WNS Holdings debuts on NYSE". Economic Times. Retrieved 2006-07-27.
- ↑ "WNS Launches Delivery Center in Bucharest". Reuters. Retrieved 2008-01-15.
- ↑ "Costa Rica is Site of First Latam Delivery Center for WNS". NearshoreAmericas. Retrieved 2009-11-16.
- ↑ "WNS Expands Global Presence Into Latin America". Bloomberg. Retrieved 2009-11-16.
- ↑ "WNS (Holdings) Ltd – Reuters Profile". Reuters. Retrieved 2014-12-19.
- ↑ "WNS Global Services opens up new facility in South Carolina". Economic Times. Retrieved 2012-05-28.
- ↑ "WNS Global Services opens up new facility in South Carolina". Reuters. Retrieved 2012-08-01.
- ↑ "WNS Global Services, Aegis & Genpact look to build out operations in China". Economic Times. Retrieved 2013-08-09.
- ↑ "WNS acquires SA based Fusion Outsourcing for £10 million". BPeSA. Retrieved 2012-07-05.
- ↑ "WNS SA Executive Committee". WNS. Retrieved 2015-12-05.
- ↑ "South Africa's BPO Proposition" (PDF). BPeSA. Retrieved 2015-10-01.
- ↑ "Programme Guidelines-BPS" (PDF). DTI South Africa. Retrieved 2012-05-01.
- ↑ "WNS Global Services". Silicon India. Retrieved 2013-04-24.
- ↑ "WNS Proclaim". WNS. Retrieved 2014-05-19.
- ↑ "WNS Wade". WNS. Retrieved 2014-05-19.
- ↑ "WNS Progenie". WNS. Retrieved 2014-05-19.
- ↑ "WNS Launches New Thought Leadership Platform, WNS DecisionPoint™ | Business Wire". www.businesswire.com. Retrieved 2016-12-02.
- ↑ "Board of Directors". WNS. Retrieved 2015-01-06.
- ↑ "Adrian Dillon Profile". Forbes. Retrieved 2015-01-06.
- ↑ "Mr. Keshav R. Murugesh, Group CEO, WNS Group". indiainfoline. Retrieved 2015-01-06.
- ↑ "WNS, Genpact bag $300-m contract from Australian co". The Financial Express. Retrieved 2015-01-09.
- ↑ "WNS bags back-office deal from Mashreq". The Economic Times. Retrieved 2015-01-09.
- ↑ "WNS Announces Fiscal 2016 Fourth Quarter and Full Year Earnings". Business Wire. Retrieved 2016-04-28.
- ↑ "WNS Acquisition". WNS. Retrieved 2013-02-25.
- ↑ "WNS buys South Africa-based Fusion for GBP 10 million". The Hindu Business Line. Retrieved 2015-01-19.
- ↑ "Industry Recognition". WNS. Retrieved 2015-01-19.
- ↑ "WNS Ranked Among Global Services 100". IAOP. Retrieved 2015-01-19.
- ↑ "The 2010 Global Outsourcing 100 Sub-Lists". The Telegraph. Retrieved 2015-01-19.
- ↑ "Industry Recognition". WNS. Retrieved 2015-01-19.
- ↑ "WNS Wins "Global CSR Award" 2012 at World CSR Day". The Telegraph. Retrieved 2015-01-19.
- ↑ "WNS Wins the 2013 Golden Peacock Global Award for CSR". Reuters. Retrieved 2015-01-19.
- ↑ "The Medici Innovation Hall of Fame 2013". The Medici Institute. Retrieved 2015-01-19.
- ↑ "Insurance BPO Service Providers' Assessment" (PDF). Everest Group. Retrieved 2015-01-19.
- ↑ "WNS named a leader in the Gartner Magic Quadrant for finance & accounting BPO". Wall St Analyst. Retrieved 2015-01-19.
- ↑ "WNS recognized as a leader in Global Insurance BPO solutions by HfS Research". Reuters. Retrieved 2015-01-19.
- ↑ "2014 New Product Awards Category Stevie Award Winners". The Stevie Award. Retrieved 2015-01-19.
- ↑ "ATD BEST Awards 2014". ATD. Retrieved 2015-01-19.
- ↑ "List of Global Growth Company Members" (PDF). WEF. Retrieved 2015-01-19.