GURUGRAM, India - Global professional services firm Genpact (NYSE: NYSE:G) announced the promotion of Piyush Mehta, the company's Chief Human Resources Officer, to the role of Country Manager for India, effective immediately. This strategic move underscores Genpact's ongoing commitment to growth and talent development within the region, as well as its transition towards an AI-first approach.
Mehta, who has been instrumental in shaping Genpact's HR strategy over the past 25 years, will now apply his expertise to drive the company's AI initiatives in India. The decision follows Genpact's recent expansion in the country, where it launched three new operating centers in 2023, located in the Tier 3 cities of Madurai, Jodhpur, and Warangal.
These centers are part of Genpact's efforts to broaden its talent base and contribute to local economic development.
BK Kalra, President and CEO of Genpact, praised Mehta's successful track record and expressed confidence in his ability to fortify the company's foundations in India. Mehta himself emphasized the importance of India's talent in driving economic growth and expressed enthusiasm for his new responsibilities.
Genpact, with more than 125,000 employees across over 30 countries, specializes in delivering outcomes through digital operations services and expertise in data, technology, and AI. The firm serves and transforms leading enterprises, including those in the Fortune Global 500.
The announcement is based on a press release statement from Genpact and reflects the company's strategic focus on innovation and talent in India.
InvestingPro Insights
As Genpact (NYSE: G) takes significant strides in enhancing its operations and talent pool in India, the company's financial metrics provide a window into its current market position. With a market cap of $5.79 billion USD and a P/E ratio of 9.27, Genpact presents an interesting case for investors considering the professional services sector. The company's revenue growth over the last twelve months as of Q4 2023 stood at a steady 2.42%, reflecting its ongoing business expansion.
InvestingPro Tips highlight Genpact's commitment to shareholder value, with management's aggressive share buyback strategy and a high shareholder yield. Moreover, the company has raised its dividend for 7 consecutive years, indicating a reliable return for investors. These factors are particularly noteworthy as Genpact navigates through its AI-first approach and expands its footprint in India.
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