Company overview
- Sector
- Technology, Software & IT Services
- Sub-sector
- Information Technology & Services
- Mandate (derived)
- Technology & Engineering
- Parent headquarters
- Bengaluru, Karnataka, India
- Parent revenue (USD)
- $1,700,000,000
- Parent headcount
- 22,824
- India headcount
- Not disclosed
GCC locations
- Bengaluru
- Pune
- Chennai
- Mumbai
- Hyderabad
GCC notes
Cloud-first, AI-first IT services and digital transformation
Department mix
Global department counts, used as a proxy for the India mandate. These are not India team counts.
Technology stack
- .NET
- 3M 360 Encompass - Health Analytics Suite
- ABAP
- ACL
- ADP
- AI
- AMP
- ANGEL LMS
- API Gateway
- ASP.NET
- AVEVA PDMS
- AVRO
- AWS Analytics
- AWS Cloud
- AWS CloudFormation
Public leadership
Achuth Mallya
Vice President - HR Operations
Public leadership listed in the dataset; the role is not necessarily the India GCC head.
Research overview
Mphasis is an India-headquartered (Bengaluru) IT services, consulting and platform-led AI company listed on the BSE/NSE, formed in 2000 through the merger of BFL Software (est. 1992, India) and Mphasis Corporation (est. 1998, Santa Monica, US). Blackstone became controlling shareholder in 2016, acquiring ~61% from HPE for ~$815 million (Blackstone's stake ~39.85% as of 2025). FY2025 revenue was reported at roughly ₹14,484 crore (~$1.7 billion), with 31,000+ employees across 21 countries per its latest corporate profile.
- India launch
- 1992
- Maturity
- Multi-Function / Full-Stack GCC
Mphasis' India operations are not a support-only captive but house the company's global HQ, executive leadership, platform/AI engineering (NeoIP, Mphasis Tria), delivery for global BFSI/insurance/logistics clients, and corporate functions - the full stack a multinational would otherwise distribute across a captive GCC network.
Location rationale
As an India-headquartered, Blackstone-backed IT services and platform company, Mphasis runs its full operating base out of India: Bengaluru serves as global HQ and nerve center, with Pune, Chennai, Mumbai and Hyderabad hosting delivery, engineering, BPS and corporate-function centers, reflecting proximity to deep India tech talent pools and consolidation of nearly all corporate, delivery and platform-engineering functions inside India.
Timeline
- 1992
BFL Software Limited founded in India - the entity that forms Mphasis' Indian operating lineage.
- 1998
Mphasis Corporation founded in Santa Monica, California by Jerry Rao and Jeroen Tas.
- 2000
Mphasis Corporation merges with BFL Software to form Mphasis BFL Ltd (later Mphasis Limited), headquartered in India.
- 2006
Electronic Data Systems (EDS) acquires a 42% controlling stake in Mphasis for about $380 million.
- 2008
Hewlett-Packard acquires EDS, making Mphasis an HP subsidiary.
- 2010
Mphasis crosses $1 billion in annual revenue and expands operations to Sri Lanka, Australia and Poland.
- 2016
Blackstone acquires HP's ~61% stake in Mphasis for approximately $815 million, becoming the controlling shareholder.
- 2017
Nitin Rakesh joins as CEO and Managing Director (Jan 29, 2017).
- 2024
Aravind Viswanathan joins as CFO (Aug 2024); Girish Paranjpe becomes Chairperson (Oct 2024).
- 2025
Flagstar Bank names Mphasis its technology modernization partner (Aug 2025); Mphasis launches NeoIP, a unified AI platform (Oct 2025), and its 'AI Without Intelligence Is Artificial' brand campaign (Nov 2025).
- 2026
Mphasis acquires Theory and Practice Business Intelligence Inc. (Apr 2026); completes first phase of Flagstar Bank's technology modernization (Mar 2026); launches Mphasis Tria enterprise agency platform (May 2026).
Leadership context
Nitin Rakesh is CEO and Managing Director of Mphasis, joined Jan 29, 2017, leading its transformation into an 'AI-led, platform-driven' enterprise from its Bengaluru-headquartered global base. India-relevant senior HR leadership: Ayaskant Sarangi, Chief Human Resource Officer - differs from 'Achuth Mallya, VP HR Operations' on file, who appears to be a more junior/operational HR role.
Hiring signal
- Open roles
- Not disclosed
- As of
- 2026-08-26
- Applied Technology Services
- IT Consulting / Digital Risk
- AI and Automation
- Cloud (Hybrid Cloud)
- Business Process Services
- Infrastructure Services
News and developments
Mphasis Launches Mphasis Tria, a First-of-its-Kind Enterprise Agency Platform
Mphasis unveiled Tria, a governed 'Front2Back' enterprise agency platform, marking its evolution into a platform-led AI enterprise.
2026-05-27 PR Newswire ↗
Mphasis acquires Theory and Practice Business Intelligence Inc.
Acquisition strengthens Mphasis' 'Decisioning Intelligence' capabilities as part of its broader AI/platform strategy.
2026-04-21 PR Newswire ↗
Mphasis and Flagstar Bank Mark Major Milestone by Completing First Phase of Modernizing the Bank's Technology Infrastructure
Mphasis completed phase one of a large-scale technology modernization program for Flagstar Bank.
2026-03-30 PR Newswire ↗
Mphasis Launches NeoIP, a unified AI Platform for continuous Enterprise Transformation
NeoIP introduced as a unified AI platform intended to drive continuous enterprise transformation for clients.
2025-10-27 PR Newswire ↗
Sources
- Wikipedia - Mphasis: parentSnapshot, timeline, indiaLaunchYear, revenue, headcount ↗
- Mphasis Leadership Team: leadershipBio (CEO and executive team) ↗
- Mphasis - About Mphasis: parentSnapshot (company history, Blackstone ownership) ↗
- PR Newswire - Mphasis newsroom: recentNews ↗
- Mphasis Investors page - Corporate Profile: globalHeadcount (31,000+ employees, 21 countries) ↗
- Mphasis Careers portal: hiringSignal.topRoles (job categories) ↗
Sources and research notes
Source: Indian GCC 2026 Master Compendium, Company Master and research records. Sector, mandate and public leadership are derived fields. Missing values are shown as not disclosed. Revenue and global headcount describe the parent company, not the India centre.