Aricent Technologies (Holding) Ltd | Latest Shares Price & Updates

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Company Overview

Aricent Technologies Holding Limited, incorporated on 14 June 2006, is a global innovation and technology services company, which deals in software development and providing technology services to application, infrastructure, and service providers.

Capgemini SE acquired Altran Technologies SAS (formerly known as Altran Technologies SA) (the former parent company of Aricent Technologies Private Limited) at a global level in 2020. Pursuant to the said acquisition, all the Altran group companies, including Aricent Technologies, are now a part of the Capgemini group.  Aricent Technologies Holding Limited is now a step-down subsidiary of Capgemini SE, a listed entity, formed and registered under the laws of France.

Its headquarters are located at New York, (USA) and has more than 24 engineering centers and studios around India at various locations such as Bangalore, Mumbai, Gurgaon and Chennai. The company has a staff of 12,000 employees, primarily designers and engineers, serving more than 360 global clients around the world including Honeywell and GE Oil & Gas.

Focus Areas of the Aricent technologies holding limited are:
  • Product Design
  • Software Development
  • Hardware Development
  • Testing

The company spent ₹143.6 crores on Research and development  which is 5.5% of the total Income during FY 2021 against the previous year in which the company spent ₹127.7 crores  which was 5% of the total income.

Aricent technologies story

1991: Established as Hughes Software Systems (HSS) by KV Ramani in Nehru PlaceNew Delhi. It acquired Frog Design for approximately $25 million.

2004:  Flextronics bought HSS to form Flextronics Software Systems and merged with Future Software headquartered in Chennai.

2005:  Expanded development operations in KyivKherson and Vinnytsia in UkraineRandburgSouth Africa; and BeijingChina. Was delisted from India’s stock market in preparation for sale.

2006: Was acquired by Kohlberg Kravis Roberts and Sequoia Capital as part of a $900 million sale of software companies.[4] The transaction represented the largest private equity buy-out in Indian history.

2007: Acquired Datalinx; launched service provider offerings.

2008: The Family Office, a multi-family office company with headquarters in Bahrain also joined in funding Aricent.

2011: Rebranded to Aricent Group.

2011: Opened engineering and development center for testing and wireless technologies in Vietnam.

2013: Rebranded to Aricent.

2015: Acquired SmartPlay Technologies, a semiconductor service based firm for $180 million. As part of the deal, SmartPlay’s 1,200-plus staff will join Aricent’s staff.

2018: Altran acquires Aricent.

2020: Altran North America is renamed Altran Americas; Capgemini acquires Altran Group in April 2020.

Symbol:Aricent Technologies (Holdings) Limited
Face Value (₹):10
ISIN:INE272I01010
Demat Status:NSDL & CDSL
Lot Size:20 Shares

Board of Directors

NameDesignationProfile
Mr. Ashwani LalWholetime Directorlinkedin
Mr. Krishna Chandra ReddyManaging Directorlinkedin
Mr. William Pierre Victor RozeAdditional DirectorNA Final 1
Ms. Shweta BhartiAdditional Directorlinkedin
Mr. Sanjeev Kumar HandaAdditional Directorlinkedin
Mr. Sujit SircarAdditional DirectorNA Final 1

Key Business Highlights

  • Strong promoter holding of 98.25%.
  • Total Income has growth by 6% in FY20.
  • PAT CAGR growth is 32% over the period of 3 years. PAT Margin is increasing year on year from 8% in FY18 t0 13% in FY20.
  • Total Net worth enjoys CAGR growth of 19% over 3 years.
  • The company is debt-free.

Financial Highlights

Particular 2019-202017-182018-19
Total Income260124672464
PAT710194213
EPS₹ 54.1 Per Share₹ 14.8 Per Share₹ 16.3 Per Share
Equity131.2131.2131.2
Face Value 101010
Book Value 179.3127.15129.8

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Shareholding Pattern

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Peer Comparison

Media Updates

“Bonus Share Issue Propose in June 2021.”

The Board of Directors, at its meeting held on 14th June, 2021 has recommended for issuance of
bonus shares in the proportion of 1:2 [i.e.1 (One) new fully paid up equity share for every 2 (Two)
existing equity shares held].

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