HTMT Global Solutions Ltd was incorporated in 1995 as Tele Video Communications India Pvt. Ltd with the objective of carrying out activities relating to the media business. The company was converted into a public company in 2006.
During the year 2006-07, the company’s name was changed from Tele Video Communication India Ltd to HTMT Technologies Ltd and then to HTMT Global Solutions Ltd.
In November 2006, the company acquired Affina in Illinois State which has multiple centers in Peoria, Waterloo, St Louis, El Paso, and Montreal which has significantly added to the Company’s delivery capabilities and global footprint.
The Information Technology and Information Technology Enabled Services, the undertaking of Hinduja TMT Ltd was demerged and transferred to the company on a going concern basis with the appointed date, October 1, 2006, and thus Source1 HTMT Inc, USA, Affina LLC, USA, HTMT Europe Ltd, UK, Hinduja TMT France, Customer Contact Center Inc, Philippines, CCubed (Antilles) NV, C-Cubed BV, Pacific Horizon Ltd became the subsidiary company.
The equity shares of the company were listed on the BSE and NSE in 2007. HTMT Global Solutions Ltd was ranked among the top 15 ITES-BPO exporters for the financial year 2006-07 by NASSCOM.
The Hinduja Global Solutions Limited is ranked No 2 in the Best performing Call Center Firms worldwide in the Global Services 100 survey conducted by Neo IT & Global Services Magazine in January 2008. Also, the company has been the winner of the ICT Innovation Award 2008.
In June 2008, the company expanded its footprint to Chennai by inaugurating its second delivery center at Nandambakkam.
With this, the company has 11 delivery centers across India in Bangalore, Chennai, Durgapur, Hyderabad, Mumbai, and Mysore.
In FY 2019, Hinduja Global Solutions Limited identified two areas as fast-growing and critical to participate in — population health management (PHM) and digital services.
Acquisitions by Hinduja Global
The company acquired two companies: CMH Services Subsidiary LLC, USA — operating under the trade name of AxisPoint Health (100%) and Element Solutions LLC, USA (57% stake).
The services offered by HGS have traditionally been in the administrative segment of the healthcare sector. The acquisition of AxisPoint Health has enabled Hinduja Global Solutions to offer services in the medical cost management segment.
This is about four times larger than the administrative segment. The acquisition has given HGS access to AxisPoint’s powerful analytics capabilities.
This includes predictive intelligence and advanced care management models that help organizations accurately identify the health needs of members to improve outcomes while reducing medical costs.
While there have been some initial challenges to profitability at AxisPoint, the strategic rationale for this remains strong and we are confident of turning things around soon.
The acquisition of Element Solutions has helped HGS foray into the area of digital marketing and cloud services.
While Hinduja Global Solutions Limited has traditionally been in customer care, Element helps us to support clients in the area of customer acquisition too… hence covering the full spectrum of the customer journey.
Holding Structure of Hinduja Global Solutions Limited
Source-: Company Annual Report
With a client base of several fortune 1000 clients, HGS looks very confident of the future growth paths.
Financials of Hinduja Global Solutions Limited
HGS posted a 93.7 percent jump in consolidated net profit at Rs 71.1 crore for December quarter 2019
The company saw its revenue from operations grow 5 percent to Rs 1,335.7 crore in the quarter under review as against Rs 1,272.6 crore in the third quarter of 2018-19.
Hinduja Global Solutions Limited – Expenses | Sales
HGS posted a strong revenue growth in Q3 FY2020
The company is about to release its financials for the year ending 2019-2020 in the coming week.
The debt of the company has been stable over a period of 5 years. Although higher debt levels do remain a concern over the longer period.
Hinduja Global Solutions Limited – Expenses
HGS has a book value of Rs.792. The company also had cash and equivalents of more than Rs 300 cr at the end of last year. Hinduja Global Solutions Limited has stable operating margins of about 10% over the past several years.
Hinduja Global Solutions Limited – Operating Margins
The compounded profit growth rate of the company over a period of 3 years stands at 21%. The compounded sales growth rate of the company over a period of 3 and 5 years stands at 14%.
The company has reserves and a surplus of about 1200 crore Rs.
Hinduja Global Solutions Limited – Operating Cash Flow