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Profile: Mphasis
Nov-03-2025

Mphasis is an AI-led, platform-driven company with human-in-the-loop intelligence, helping global enterprises modernize, infuse AI, and scale with agility. The Mphasis.aiunit and Mphasis AI-powered ‘Tribes’ are focused on client outcomes and embed artificial intelligence and autonomy into every layer of the enterprise technology and process stack. Mphasis built NeoIP, a breakthrough AI platform which orchestrates a powerful pack of AI platforms and solutions to deliver impactful outcomes across the entire enterprise IT value chain, because company believe ‘AI Without Intelligence Is Artificial’. NeoIP is powered by the Ontosphere, a dynamic and ever-evolving knowledge base, delivering continuous and constant innovation through perpetual intelligent engineering - driving end-to-end enterprise transformation.

Business area of the company

Mphasis is a global service provider, delivering technology-based solutions across many sectors. Mphasis Service Transformation solutions offer an integrated approach to enable enterprises to achieve scalable, digital, future-ready operations. At Mphasis, the company looks at AI as an end-to-end opportunity and have adopted a holistic approach to making AI real for all stakeholders.

Services offered by the company

  • Application Services
  • Blockchain
  • NextOps - Business Process Services
  • Cognitive
  • Cyber Security
  • IT Value Stream Acceleration - DevOps
  • DevOps Automation Services
  • AI
  • Digital
  • Enterprise Automation
  • Experience Design
  • Governance, Risk & Compliance
  • Infrastructure Services
  • Microsoft COE
  • Modernization
  • Next-Gen Data
  • Agile IT Operations
  • Product-Engineering-Services
  • Platforms & Protocols - XAAP
  • Salesforce Consulting and Services COE
  • Cloud
  • AWS Services
  • Azure Services
  • GCP Services
  • VMware Tanzu Services

Awards

2014

  • Mphasis recognized as leader on the 2014 IAOP global outsourcing 100 list.
  • Mphasis wins Silver medal in the APAC Large Outsourced Contact Center Category.

2015

  • Mphasis has been ranked Number 29 of 100 largest financial technology vendors.
  • Mphasis recognized in 2015 Innovation and Excellence Awards for Global Technology.

2016

  • Mphasis CEO, named 'CEO of the Year' - Gold Winner by One Planet Awards.
  • Mphasis Next labs awarded 2nd Runner Up under Clouds Solution category.
  • Mphasis CEO named as CEO of the year at CEO Connection's 2016 Mid-Market Award.
  • Mphasis ranked 2 in Silicon Review's Top 30.

2017

  • Mphasis' Deep Insights wins AIconics Best Application of AI.
  • Mphasis Named Major Contender and Star Performer in Everest Group 2017 PEAK Matrix Report.
  • Mphasis wins the 'Imagination' Category at the 2017 ISG Paragon.
  • Mphasis' Eldorado wins Bronze STEVIE Award for 'Company of The Year; in 2017.

2018

  • Mphasis' Deep Insights Named a Winner under the 'Artificial Intelligence' category.
  • Mphasis CEO Nitin Rakesh wins Gold STEVIE Award for 'Executive of the year'.
  • Mphasis Veda Iyer wins CMO Asia's 'Women Leadership in Industry' Award.
  • CEO Nitin Rakesh honored as Gold winner in the Annual 2018 CEO World Award.
  • Mphasis CEO Nitin Rakesh wins the '2018 Outstanding 50 Asian Americans' Award.
  • Debashis Singh, Chief Information Officer recognized as Digital Leader by Data Quest Digital Leader 2018 Awards.

2019

  • Mphasis listed in Indeed's ‘Top-Rated Workplaces 2019 - Tech in India’.
  • Mphasis wins ISG Paragon Awards Americas in Impact Category, 2019.
  • Mphasis CEO Nitin Rakesh included in Exhibit Magazine’s ‘Top 100 Tech Leaders’.
  • Nitin has been awarded a Gold Stevie for Tech Innovator of the Year - Services.
  • Veda Iyer, CMO & Head Sales, APAC, recognized amongst 'India's Top 100 Women in Finance' for 2019 by AIWMI
  • Mphasis and the National Centre for Promotion of Employment for Disabled People (NCPEDP) win the Zero Project 2019 Award.
  • Mphasis one amongst Bangalore’s top 50 Hot Brands 2019 organized by Paul Writer.

2020

  • Mphasis wins Brandon Hall Group Gold award 2020, for Excellence in the Talent Acquisition category.
  • Nitin Rakesh, CEO, Mphasis, wins 2020 ISG Paragon Awards APAC in ‘Leadership’ category
  • Damini Gupta, AVP & Lead, AI & Fintech, wins in ‘Woman in Technology’ category.
  • Mphasis Ranks Among the Top 50 of UK's Fastest Growing Indian Companies.
  • Mphasis Digital Risk bags the esteemed 2020 HW Tech 100 Mortgage Winner Award.
  • Mphasis CFO, V. Suryanarayanan recognized with The CFO India’s ‘League of Excellence 2020’ awards.
  • Mphasis wins the Rotary Karnataka CSR Award 2020.
  • Nitin Rakesh, one of the first 250 CEO signatories of The Valuable 500.
  • Mphasis is Great Place to Work- Certified company.
  • Veda Iyer, Global CMO and Head Sales - APAC, Mphasis wins in the 'Women in Tech: Leader/Innovator/Disruptor of the year' category.
2021

  • The ET Best Tech Brands 2021: Mphasis wins “Most Accelerated Digital Transformation Company” award.
  • Mphasis and partners Social Alpha, BIRAC and Uber win 2022 Zero Project Awards for 2 CSR programs.
2022

  • Mphasis one of the 2022 100 Best Companies for Women in India by the Avtar Group.
  • Mphasis recognized as one of the Best Tech Brands 2022
  • Mphasis wins Silver for Excellence in Talent Acquisition
  • Mphasis named Employer of the Future 2022 by Fortune India in partnership with Work Universe
  • Mphasis awarded the LOMA EIE Award for completing 74 certifications
2023

  • Mphasis wins ISG Star of Excellence Award: AI in Emerging Tech Category
  • Mphasis recognized as one of the Best Tech Brands 2023
  • Mphasis wins Talent Board the Candidate Experience Award for EMEA and North America
  • Mphasis recognized by BusinessWorld in India's Most Sustainable Companies (IMSC)
  • Mphasis won the PeopleFirst HR Excellence Awards 2023 for exceptional practices in Talent Management
2024

  • Mphasis has won the prestigious ACCA Green Leadership Award for Sustainability & ESG Initiatives at the ACCA India Awards 2024.
  • Mphasis wins the AWS Global Partner Award for Industry Partner of the Year in the Travel and Hospitality category.
  • Mphasis received Global DEI GOLD certification by Diversio
  • Mphasis Silverline’s CalendarAnything won at the Southeast Dreamin’ Conference 2024 Demo Jam Session
2025

  • Mphasis wins Gold in Brandon Hall Group HR Excellence Awards 2025.
  • Mphasis won Innovation of the Year Award - Technology Intelligence Awards by Flexera.
  • Mphasis wins the 2025 Cybersecurity Excellence Awards in the Identity and Access Management category.

Milestones

  • 1998: Mphasis begins as high end technology architecting firm.
  • 2004: Mphasis acquired Kshema Technologies & Onida Info Tech Exceeds $100MM in revenue.
  • 2006: Acquired Princeton Consulting & Eldorado Computing EDS acquires 62% stake in Mphasis.
  • 2008: HP acquires EDS and Mphasis
  • 2009: Mphasis acquired AIG Software Solutions EDS re-branded to become HP Enterprise
  • 2010: Mphasis global expansion - Sri Lanka, Australia & Poland Mphasis acquired Fortify IS
  • 2010: Mphasis reaches $1billion in revenues
  • 2011: Mphasis acquires WYDE
  • 2013: Mphasis acquires Digital Risk LLC
  • 2015: Launch of NextAngles - automation led compliance product. Launch of NEXT Labs solution - HyperGraf & InfraGraf
  • 2016: Launch of DeepInsights Machine Learning platform
  • 2016: Blackstone acquires 61% stake in Mphasis from HPE
  • 2017: Launch of Front2Back (F2B) Transformation Strategy: C=X2C²TM=1
  • 2018: Mphasis acquires Stelligent Systems LLC
  • 2019: Launch of NEXT Labs Solution Autocode.AI and Optimize.AI
  • 2020: Mphasis enters into partnership with QEDIT
  • 2020: Mphasis has entered into a strategic partnership with US-based fintech startup Upswot.
  • 2021: Mphasis inks pact with Government of Alberta, University of Calgary
  • 2021: Mphasis named as fastest growing BPS Provider
  • 2021: Mphasis expands footprint in Germany
  • 2021: Mphasis’ arm acquires Blink Interactive
  • 2021: Mphasis, Ardonagh sign business venture agreement
  • 2022: Mphasis enters into partnership with CrossTower
  • 2022: Mphasis recognized as ‘Major Contender’ in Everest Group PEAK Matrix
  • 2022: Mphasis partners with Securonix
  • 2022: Mphasis inaugurates delivery centre in Canada
  • 2022: Mphasis ranked amongst 100 best companies for women in India
  • 2023: Mphasis launches ‘Mphasis.ai’ business unit
  • 2023: Mphasis acquires 100% stake in eBECS
  • 2023: Mphasis acquires Silverline
  • 2024: Mphasis signs global Strategic Collaboration Agreement with Amazon Web Services
  • 2024: Mphasis signs multi-year global strategic collaboration agreement with Amazon Web Services
  • 2024: Mphasis inaugurates new Cyber Fusion Center in Bangalore
  • 2024: Mphasis partners with MoneyGram Haas F1 Team to revolutionize motorsport performance
  • 2025: Mphasis enters into strategic partnership with SecPod
  • 2025: Mphasis secures U.S. patent for Quantum Prediction System
  • 2025: Mphasis inaugurates Centre of Excellence for financial services in Argentina
  • 2025: Mphasis enters into strategic partnership with Sixfold
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