Cyient

From Infogalactic: the planetary knowledge core
(Redirected from Infotech Enterprises)
Jump to: navigation, search
Cyient
Traded as BSE: 532175
NSE: CYIENT
Industry Aerospace & Defence,
Consumer, Energy
Transportation, Communications,
Utilities, Medical, Navigation, Mining, Oil & Gas, Off-Highway, Mining
Founded 1991
Founder B V R Mohan Reddy
Headquarters Hyderabad, India
Area served
 Worldwide
Revenue Increase ₹2,900.01 crore (US$430 million) (FY 2015)[1]
Number of employees
 12,500 (2015)
Website www.cyient.com

Cyient (formerly Infotech Enterprises) is an Indian company focused on engineering, networks and operations. It has 12,000+ employees across 38 global locations as of March 2014. The company features among the top 30 outsourcing companies in the world.[2] On 15 January 2010, Daxcon was acquired by Infotech Enterprises America, Inc; a wholly owned subsidiary of Infotech Enterprises Limited, India.

On 7 May 2014, Cyient Limited, formerly known as Infotech Enterprises Limited, officially announced its new name based on approval from a shareholders' vote. The process of determining the new identity, bearing connotations to the words client and science, while ient referencing Infotech Enterprises, involved various brand specialists, and the new name was tested in 17 languages.[3][4][5]

History

Infotech Enterprises started its operations as a private limited to provide engineering service to global markets. It encountered a strong resistance to the very concept of engineering outsourcing, but found immediate opportunity in the GIS arena.[6] In March 2013, the company became public with its own initial public offering (IPO).[7][8]

In the following year, it signed a breakthrough contract to provide GIS conversion and consultation mapping services worth US $5.5 million to US based Analytical Surveys, Inc. Within the same year, the company acquired Cartographic Sciences from Analytical Surveys, Inc. In June 1999, the company acquired Dataview Solutions Limited, a UK based GIS Software Company.[9][10] The company continued to pursue engineering services, and finally got a major breakthrough with a leading aircraft engine manufacturer in the year 2000 for engineering services.[11]

Global Presence

File:120724-D-TT977-027 (7637019378).jpg
U.S. Ambassador to India Nancy Powell and Deputy Secretary of Defense Ashton B. Carter are welcomed to Cyient by Mohan Reddy, chairman and managing director, and U.S. Consul General Katherine Dhanani; Hyderabad, July 2012.

Cyient has a global presence. It has offices at Australia, Canada, France, Germany, India, Japan, Malaysia, the Netherlands, New Zealand, Norway, Singapore, South Korea, Sweden, Switzerland, Taiwan, the UAE, the UK and the USA.

Group Companies

The group companies are:

  • Cyient, Inc
  • Cyient Europe Ltd
  • Cyient GmbH
  • Cyient Ltd (Japan)
  • Cyient Insights
  • Rangsons Electronics
  • Infotech Enterprises Information Technology Services Private Limited

Milestones

  • 1995 – The company receives its first ISO 9002 certification from BVQi London for its conversion services.
  • 1997 – Becomes a public limited company, IPO of equity shares at ₹ 20/- per share and listed in all major stock exchanges in India.
  • 2000 – Infotech announces the acquisition of a German company, Advanced Graphics Software GmbH (AGS), a mechanical engineering software and services company specialising in 3D CAD/CAM.
  • 2002 – Infotech announces strategic business relationship with Pratt & Whitney division of United Technologies Corporation, a Fortune 100 company. Pratt & Whitney to participate with up to ~18% equity stake in Infotech, demonstrating long-term partnering intent and endorsing Infotech's business competence.
  • 2005 – Infotech acquires Tele Atlas India Pvt Ltd. Tele Atlas parent company joins as a strategic partner with preferential allotment of shares.[12]
  • 2008 – B V R Mohan Reddy is elected Chairman, Confederation of Indian Industry (CII) Southern Region.
  • 2010 – Supplier of the Year from The Boeing Company[13]
  • 2011 – B V R Mohan Reddy receives the ASME Leadership Award [14]
  • 2012 – Awarded the Indo-American Corporate Excellence Award for Best Indian Company operating in US under the Technology & Communications Category
  • 2013 – Supplier of the Year from The Boeing Company for the second time [15]
  • 2014 – Infotech Enterprises acquires Softential, Inc [16]
  • 2014 – Infotech Enterprises rebrands as Cyient.[3]
  • 2014 – Cyient acquires Invati Insights. New entity is named Cyient Insights[3][17]
  • 2015 – Cyient acquires Rangsons Electronics[3][18]
  • 2015 – Cyient acquires Pratt-Whitney Global Services Engineering Asia

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ http://www.iaop.org/Content/19/165/3879%7Ctitle= The 2014 Global Outsourcing 100
  3. ↑ 3.0 3.1 3.2 3.3 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Infotech Enterprises To Change Name As Cyient - HYDERABAD, India, March 27, 2014 /PRNewswire/
  5. ↑ http://www.thehindubusinessline.com/features/smartbuy/infotech-to-become-cyient-ltd/article5839628.ece+&cd=2&hl=en&ct=clnk&gl=in
  6. ↑ http://hdfcsec.com/Market/Information.aspx?CoCode=13660&RptType=History Company History
  7. ↑ Infotech AR 2011.pmd
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Infotech Enterprises Stock Price and Quotes - Infotech Enterprises Company Profile
  10. ↑ SEI Partner Network | Infotech Enterprises America, Inc
  11. ↑ Infotech Enterprises Receive Honors From Indo-German Chamber Of Commerce | Top News
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Supplier of the year award from Boeing
  14. ↑ http://www.asmeconferences.org/IDETC2011/pdfs/IDETC2011FinalProgram.pdf
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ http://articles.economictimes.indiatimes.com/2014-08-21/news/53072915_1_analytics-sciences-infotech-enterprises
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
Retrieved from "https://infogalactic.com/w/index.php?title=Cyient&oldid=712823846"