Zensar Technologies , a leading Experience, Engineering and Engagement solutions company, is pursuing a multifaceted growth strategy that includes global expansion and a strong focus on AI-driven platforms.

Global Expansion and AI-Driven Growth

Zensar Technologies is targeting growth through AI-driven platforms, including ZenseAI. The company is scaling its BFSI (Banking, Financial Services, and Insurance) and healthcare verticals while focusing on European and African markets. As part of its expansion efforts, Zensar aims to achieve utilization gains and maintain mid-teen margin sustainability as it expands its Gen AI-led digital engineering solutions.

In a significant move to strengthen its global presence, Zensar has announced plans to establish a new subsidiary in Brazil. This strategic decision marks the company's expansion into Latin America's largest economy, potentially opening up new opportunities in the region.

Brazilian Subsidiary

The Board of Directors has accorded in-principle approval for setting up the new entity in Brazil. This subsidiary will be established either directly by a Zensar Technologies subsidiary or through a joint venture partner.

Financial Approach

While specific financial details of the new subsidiary have not been disclosed, Zensar has stated that it will initially subscribe to the minimum capital necessary at face value. This approach suggests a measured expansion strategy, allowing the company to test the waters in the Brazilian market before making larger commitments.

Recent Financial Performance

The announcement comes on the heels of Zensar's Q2 financial results, which show a steady performance:

Manish Tandon, CEO and Managing Director of Zensar, commented on the company's recent performance, stating, "This quarter, we forged ahead as an organization, delivering positive performance across multiple dimensions and achieving steady revenue growth. Disciplined execution, paired with scaled AI talent and a deep commitment to crafting meaningful and lasting client experiences remains our priority."

Strategic Focus on AI

Zensar has been placing a strong emphasis on artificial intelligence, recently launching ZenseAI, a next-generation platform designed to elevate its Experience, Engineering and Engagement value proposition. This focus on AI capabilities is expected to play a crucial role in the company's global expansion, offering cutting-edge solutions to new markets.

Looking Ahead

The expansion into Brazil aligns with Zensar's global growth strategy. As the company establishes its presence in this new market, it may leverage its expertise in digital services, cloud infrastructure, and AI-driven solutions to cater to the needs of Brazilian clients.

The move into Brazil represents a significant step for Zensar Technologies, potentially opening up new avenues for growth and reinforcing its position as a global player in the IT services industry. As the subsidiary takes shape, industry observers will be keen to see how Zensar adapts its offerings to the unique demands of the Brazilian market and whether this expansion will serve as a springboard for further growth in the Latin American region.

With its focus on AI-driven platforms, vertical expansion in BFSI and healthcare, and strategic geographical growth, Zensar Technologies is positioning itself for growth and innovation in the global IT services landscape.

Zensar Technologies Limited has issued an important notice to its shareholders regarding unclaimed shares and unpaid dividends that may be transferred to the Investor Education and Protection Fund (IEPF). The company is actively participating in IEPF's 100-day campaign called 'Saksham Niveshak,' which runs from July 28, 2025 to November 6, 2025.

Key Points for Shareholders

1. Unclaimed Dividends: Shareholders are requested to claim unclaimed dividends for financial years 2018-19 to 2023-24.
2. KYC Update: Shareholders should update their Know Your Customer (KYC) details if not already done.
3. Concerns Resolution: Any issues related to unclaimed dividends or shares should be addressed during this period.

KYC Update Procedure

Zensar Technologies has provided detailed procedures for shareholders to update their KYC details:

For Physical Shareholders:

• Submit duly filled and signed request letters along with applicable forms (ISR-1, ISR-2, ISR-3, SH-13, SH-14) to KFin Technologies Limited.
• Include self-attested copies of PAN linked with Aadhaar and address proof documents.

For Demat Shareholders:

• Update KYC details, including email addresses, with respective Depository Participants.

Important Deadline

April 01, 2024: From this date, dividend payments will only be made electronically to members whose KYC details are updated.

Contact Information

Shareholders can contact the Registrar & Share Transfer Agent for assistance:

This initiative by Zensar Technologies aligns with regulatory requirements and aims to ensure that shareholders receive their rightful dividends and maintain updated records. The company encourages all shareholders to take prompt action to avoid potential transfer of their unclaimed shares and dividends to the IEPF.

For more information, shareholders can visit the company's website at www.zensar.com or contact the investor relations team at investor@zensar.com .