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Registered Office : Zensar Technologies Limited Zensar Knoewledge Park, Plot No. 4, MIDC Kharadi, Off Nagar Road, Pune 411014, India. Tel: +91 (20) 6607 4000, 27004000 Fax: +91 (20) 6605 7888, CIN: L72200PN1963PLC012621

Date: April 30, 2019

BSE Limited The National Stock Exchange of India Ltd. Corporate Service Department, Exchange Plaza, 03[rd] floor, 01[st] Floor, P. J. Towers, Plot No. C/1, ‘G’ block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai 400 001 Mumbai 400 051 Fax: (022) 2272 2039/2272 3121 Fax: (022) 26598237/26598238 Scrip ID: ZENSARTECH Symbol: ZENSARTECH Scrip Code: 504067 Series: EQ

Subject: Outcome of the Board Meeting held on April 30, 2019

This is to inform you that the Board of Directors of the Company at its meeting held today, which commenced at 11:30 AM and concluded at 5.00 PM, inter-alia, unanimously approved/taken on record the following:

Final Dividend

Recommendation of final dividend at INR 1.80 per equity share of INR 2.00 each (90%), for FY 2018-19, subject to approval of the same by members at the ensuing Annual General Meeting.
The dividend if approved, shall be paid on / after August 18, 2019.

Financial Results:

Standalone and Consolidated financial results of the Company for the quarter ended March 31, 2019, subjected to Limited Review.
Audited Standalone and Consolidated financial results of the Company for the financial year ended March 31, 2019.

Copy of the same is enclosed herewith as Annexure along with Auditor’s Reports thereon as applicable.

The report of the Auditors is with unmodified opinion with respect to the Audited Financial Results (Standalone and Consolidated) of the Company for the year ended March 31, 2019.

Press Release & Analyst Presentation

Press release and analyst presentation on financial results of the Company for the financial year ended March 31, 2019.

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Change in the Board of Directors

1. Change in designation and consequent appointment of Mr. Arvind Nath Agrawal (DIN: 00193566).

Change in designation of Mr. Arvind Nath Agrawal (DIN: 00193566) to Non-Executive Independent Director, not liable to retire by rotation.

Accordingly, Mr. Agrawal ceases to be to be a Non-Executive Non-Independent Director of the Company, from close of business hours on April 30, 2019.

The Board has approved his appointment as an additional director designated as Non-Executive Independent Director of the Company, not liable to retire by rotation, for a period of 5 (five) consecutive years commencing from May 1, 2019 to April 30, 2024, subject to approval of members of the Company at the ensuing AGM.

Re-appointment of Mr. A.T. Vaswani (DIN-00057953) as Non-Executive Independent Director.

Re-appointment of Mr. A.T. Vaswani (DIN-00057953) as Non-Executive Independent Director of the Company for the second term of 5 (five) consecutive years, commencing from April 1, 2020 till March 31, 2025, not liable to retire by rotation, subject to approval of members of the Company, at the ensuing AGM.

Re-appointment of Mr. Venkatesh Kasturirangan (DIN- 00804869) as Non-Executive Independent Director of the Company.

Re-appointment of Mr. Venkatesh Kasturirangan (DIN- 00804869) as Non-Executive Independent Director of the Company, for the second term of 5 (five) consecutive years, commencing from April 1, 2020 till March 31, 2025, not liable to retire by rotation, subject to approval of members of the Company, at the ensuing AGM.

Resignation of Ms. Tanuja Randery, Non-Executive Independent Director (DIN -08014909) effective May 31, 2019 due to time constraints arising out of her professional commitments

Ms. Tanuja Randery conveyed to the Board that considering professional commitments, she is unable to devote sufficient time, required of an Independent Director of the Company and therefore willingly tendered her resignation effective May 31, 2019 with a request to the Board, to discharge her accordingly.

She has further confirmed that there is no other material reason, for her resignation. The Board has accepted and taken on record the said resignation, effective May 31, 2019.

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Date of the 56[th] Annual General Meeting the Company as Monday, August 3, 2019 and notice thereof containing inter-alia the following:

Company’s Register of Members and Share Transfer Book shall remain closed for the purpose of AGM as well as for determining eligibility of the Members, entitled to receive dividend, from July 29, 2019 to August 5, 2019. (both days inclusive).
Recommendation of re-appointment of Mr. Shashank Singh (DIN- 02826978), Director of the Company, who retires by rotation, and being eligible, offers himself for reappointment.
Appointment of Mr. Anant Vardhan Goenka (DIN: 02089850) as a Non-Executive Non-Independent
Director, liable to retire by rotation.
Approval for payment of Commission to Non-Executive Director(s), subject to members’ approval, as applicable.

Reconstitution of Audit Committee

The Audit Committee is reconstituted as under, effective May 1, 2019:

Sr No.	Name of the Director	Designation
1.	Mr. Ajit Tekchand Vaswani, Independent Director	Chairperson
2.	Mr. Sudip Nandy, Independent Director	Member
3.	Mr. Shashank Singh Non-Executive Non- Independent Director	Member
4.	Mr. Ketan Dalal, Independent Director	Member
5.	Mr. Arvind Agrawal, Independent Director	Member

This is for your information and dissemination purpose.

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Encl. As above

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ADDITIONAL INFORMATION ON DIRECTORS GETTING APPOINTED/ REAPPOINTED

Sr. No	Particulars	Mr. Arvind Agrawal (DIN 00193566)	Mr. A T Vaswani (DIN-00057953)	Mr. Venkatesh Kasturirangan (DIN-00804869)	Mr. Shashank Singh (DIN-02826978)	Mr. Anant Vardhan Goenka (DIN: 02089850)
1.	Reason for change viz. appointment, resignation, removal, death or otherwise;	Change in designation and consequent appointment as additional Director designated as Non-Executive Independent Director of the Company, not liable to retire by rotation.	Re-appointment as Non- Executive Independent Director.	Re-appointment as Non- Executive Independent Director of the Company.	Re-appointment as Director of the Company, who retires by rotation, and being eligible, offers himself for reappointment at the ensuing AGM	Appointment as Non- Executive Non- Independent Director, liable to retire by rotation.
2.	Date of appointment	May 1, 2019	April 1, 2020	April 1, 2020	NA	NA
	Term of appointment	May 1, 2019 to Apr 30, 2024	Apr 1, 2020 to Mar 31, 2025	Apr 1, 2020 to Mar 31, 2025	NA	NA
3.	Disclosure of relationships between directors (in case of appointment of a director)	None	None	None	None	Mr. Anant Vardhan Goenka is a son of Mr. Harsh Vardhan Goenka, Chairman and Non-Executive, Non-Independent Director of the Company.
4.	Affirmation	Based on the information available with us none of these Directors are debarred from holding the office of a director by virtue of any SEBI order or anyother such authority.
5.	Brief profile (In case of appointment)	Given separately hereunder and also available on the website of the Company.

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BRIEF PROFILES

Mr. Arvind Agrawal

Arvind Agarwal is an IIM (Ahmedabad) Alumnus. He has Vast experience of 33 years in HR, TQM, Corporate Strategy and General Management. He was awarded “National HRD Award ” in 1992. He has been the “President” of the National HRD network during 2000-02. Worked with reputed organisations such as IBP, Escorts, Modi Xerox.

Mr. Venkatesh Kasturirangan

Venkatesh Kasturirangan is a B. Tech (Hons.) in Chemical Engineering from IIT Mumbai and MBA from IIM Ahmedabad, India. He is also the recipient of Distinguished Alumni Award from IIT, Mumbai. He had been associated with Unilever for almost 30 years holding senior management positions in various countries including EVP & COO, Unilever HPC, USA and Chairman, Unilever Philippines. He was President, North America of Diversey Lever a Unilever company and later on its merger with S. C. Johnson Wax, as President, North America of JohnsonDiversey, a position he held till June, 2003. In recent years, he has been actively involved in various consulting assignments in the USA, Asia Pacific, Africa/Middle East and India.

Mr. A. T. Vaswani

Mr. Vaswani is a Chartered Accountant and a Chartered Secretary and has over 55 years of experience in business and industry. He has extensive expertise in various fields. Since 1981, Mr. Vaswani has served on the Board of Directors of leading multi-national companies, both in an executive and in a non-executive capacity, including as Deputy CEO of Metal Box of India Ltd., a leading Packaging company, and as Director and Senior Vice President of Glaxo India Ltd., India’s largest and most respected Pharmaceuticals Company.

Mr. Shashank Singh

Shashank Singh is a Partner and Head of the India office of Apax Partners, the global Private Equity fund. Shashank joined Apax in London in 2004, before moving to India in 2007 to start Apax’s office there. His deals at Apax include Fractal Analytics, Healthium Medtech, Mannapuram Finance, Zensar Technologies, Shriram City Union Finance, Cholamandalam Finance, GlobalLogic, iGATE, Apollo Hospitals, TIM Hellas, Weather Investments, TDC, Bezeq and Synetrix. Prior to joining Apax Partners, Shashank spent four years as a strategy consultant with Monitor Company in their London office. Shashank serves on the boards of Fractal Analytics, Healthium Medtech, Zensar Technologies and SCUF, and previously served on the boards of GlobalLogic, iGATE Corporation Inc. (Nasdaq: IGTE) and Apollo Hospitals (NSE: APOLLOHOSP), and as Independent Non-Executive Director of Greatship India Ltd. In addition, he serves as the Chairman of Dasra (leading not-for-profit in India), Trustee of the Apax Foundation, member of the South Asia Advisory Board of Harvard Business School and the Vice-Chancellor’s Circle of Advisers for India for the University of Cambridge. Shashank has an MBA from Harvard Business School, a master’s in economics from Cambridge University and a BA (Honours) in economics from St. Stephen’s College (Delhi University).

Mr. Anant Vardhan Goenka

Anant Goenka, 37, is the Managing Director of CEAT and a Member of the Management Board at RPG Enterprises. He is also the Chairman of Automotive Tyre Manufacturers’ Association (ATMA). Anant has over 15 years of experience during which he has worked in CEAT, KEC International and Hindustan Unilever. He started his career with Hindustan Unilever in 2003 after which he joined CEAT as Regional Manager - Sales. He went on to lead the Off Highway Tyres Business in 2005. He then joined KEC International Limited (KEC) as Vice President (Corporate) in 2007 and was in charge of the Telecom business, Business development in North America and Integrated Planning and Monitoring of Transmission and Distribution Business. In recognition of his contribution in the said business vertical, KEC elevated him to the position of Executive Director – Supply Chain responsible for manufacturing, procurement, planning, logistics and quality functions. In 2010 he moved back to CEAT as Deputy Managing Director and then as Managing Director in April, 2012.

Anant has been recognised by Forbes as the “Next Generation Business Leader of the Year” in 2017 and as “India’s 40 under 40 Business Leaders” by Economic Times-Spencer Stuart. He also led CEAT to win the Deming Prize in 2017, one of the most prestigious global quality awards in the world. Anant is an MBA from the Kellogg School of Management and a BS (Economics) from the Wharton School, University of Pennsylvania.

Chartered Accountants 706, 'B' Wing, 7"' Floor ICC Trade Tower Senapati Bapat Road Pune-411 016 Maharashtra, India

Deloitte Haskins & Sells LLP

Tel: +91 20 6624 4600 Fax: +91 20 6624 4605

INDEPENDENT AUDITORS' REPORT TO THE BOARD OF DIRECTORS OF ZENSAR TECHNOLOGIES LIMITED

We have audited the accompanying Statement of Consolidated Financial Results of ZENSAR TECHNOLOGIES LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the year ended 31 st March, 2019 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016.
This Statement, which is the responsibility of the Parent's Management and approved by the Board of Directors, has been compiled from the related consolidated financial statements which has been prepared in accordance with the Indian Accounting Standards prescribed under Section -133 of the Companies Act, 2013, read with relevant rules issued thereunder ("Ind AS") and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement based on our audit of such consolidated financial statements.
We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Parent's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Parent's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement.

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

In our opinion and to the best of our information and according to the explanations given to us, the Statement:
a. includes the results of entities listed in Note 7 of the Statement;
b. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016; and
c. gives a true and fair view in conformity with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the net profit, total comprehensive income and other financial information of the Group for the year ended 31'1 March, 2019.

: India bulls Finance Centre, Tower 3, 27"' - 32 "" Floor, Senapati Ba pat Marg, Elphinstone Road (West), Mumbai - 400 013, J,laharashtra, India. (LLP Identification No. MB-8737)

Deloitte Haskins & Sells LLP

The consolidated financial results includes the financial statements/ financial information of 1 subsidiary, whose financial statements/ financial information reflect total assets of Rs. 4,146 lakhs as at 31 st March, 2019, revenue of Rs. 12,189 lakhs, net profit after tax of Rs. 1,559 lakhs and total comprehensive income of Rs. 1,502 lakhs for the year ended 3 p t March 2019, as considered in the consolidated financial results. These financial statements / financial information have been audited by other auditor whose report have been furnished to us by the Management and our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the report of the other auditor.

Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the report of other auditor.

The Statement includes the results for the Quarter ended 31 st March, 2019 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For Deloitte Haskins & Sells LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018)

Place: Pune Date: April 30, 2019

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Zensar Technologies Limited Registered Office : Zensar Knowledge Park, Kharadi, Plot # 4 , MIDC, Off Nagar Road, Pune - 411014, India Statement o f Consolidated Audited Results for t h e Year ended 31st March, 2019.

'Rs. In Lakhsl

Particulars 1 Revenue from operations 2 Other Income (net) Total Income 4 Expenses a. Purchase_of_traded goods b. Changes in inventories c. Employee benefits expense d. Subcontracting costs e. Finance costs f.Depreciation and amortisation expense g. Other expenses Total expenses 5 Profit before tax (3-4) 6 Tax expense a.Current tax b. Deferred tax 7 Net Profit for the period (5·6) 8 Net Profit/(Loss) attributable to: - Owners - Non-controlling interests 9 Other comprehensive income, net of income tax A. Items that Will not be redassllled to profit or loss B. Items that will be redassined to pront or loss Total other comprehensive income, net of income tax 10 Total comprehensive income for the period (7+9) 11 Total comprehensive income attributable to: -Owners - Non-controlling interests 12Paid-up equity share capital (Face value Rs. 2 each) (refer note 13below) 13Other equity excluding Revaluation Reserves as per balance sheet 14 Earnings PerShare (EPS)(Face annualised) (refer note 13 below): value Rs.2 each)(not a) Basic b) Diluted	ticulars	Ouutu ended YHrEnded 31-Mar-2019 31-Dec-2018 31-Mar-2018 31-Mar-2019 31-Mar-2018 Refer note 15 Refer note 15 Unaudited Unaudited Unaudited Audited Audited 105,741 103,555 81,473 396,633 310,774 2,500 251 2,672 9,268 7,439 108,241 103,806 84,145 405,901 318,213 3,330 4,343 2,240 11,538 13,376 2,340 1,577 1,476 7,278 5,433 56,909 56,611 43,748 215,258 170,535 16,167 17,476 12,227 63,302 40,040 1,102 1,089 505 3,729 2,267 2,512 2,371 1,388 8,944 6,508 14,012 12,508 12,160 51,314 44,897 96,372 95,975 73,744 361,363 283,056 11,869 7,831 10,401 44,538 35,157 3,737 2,536 3,754 14,045 11,142 (187) (356) (758) (1,372) (634) 8,319 5,651 7,405 31,865 24,649 8,274 5,528 7,265 31,359 24,153 45 123 139 506 496 (88) (353) 132 (44) 685 640 (318) 1,618 403 1,194 552 (671) 1,750 359 1,879 8,871 4,980 9,155 32,224 26,528 8,839 4,891 8,888 31,893 25,904 32 89 267 331 624 4,504 4,502 4,499 4,504 4,499 189,732 162,391 3.68 2.46 3.23 13.93 10.75 3.62 2.41 3.20 13.70 10.64

Consolidated Segment w i s e Revenue & Results for the Year ended 31st March 2019 '

	Consolidated Segment w i s e Reven	ue & Results for the Year ended 31s	ue & Results for the Year ended 31s	ue & Results for the Year ended 31s	t March 2019 '	t March 2019 '
					fRs. In Llkhsl Year Ended Mar-2018 31-Ma,-.2019 31-Mar-2018 audrt•d Audited Audited 70,020 334,692 259,118 11,454 61,941 51,656 8 1 4 7 4 396 633 310 774 9,845 46,602 38,638 (72) 3,968 (599) 9,773 50 570 38,039 505 3,729 2,267 (1,133) 2,302 615 rn.an, . n �-.;_1r;;,7
	Particulars	o,arter ended 31-Mar-2019 31·0�2018 31- Unaudited Unaudited Un 89,524 86,091 16,217 17,464 105 741 103555			Year Ended Mar-2018 31-Ma,-.2019 31-Mar-20 audrt•d Audited Audited 70,020 334,692 25 11,454 61,941 5 8 1 4 7 4 396 633 310 9,845 46,602 3 (72) 3,968
		Unaudited Unaudited 89,524 86,091 16,217 17,464 105 741 103555
1 2	Segment Revenue Application Management Services Infrastructure Management Services
	Revenue from Operations		1 103555		8 1 4 7 4
	Segment Results Profit/ (Loss) before tax and finance cost Application Management Services Infrastructure Management Services	12,410 515 12,925 1,102 (47) 11.nn		10,891 1,214 12.105 1,089 3,185 · -	9,845 (72)
	Total """ment Results Less: Finance costs Less: Unallocable expenditure net of unallocable income 1otaI Pront�•ore 1ax				9,773 505 (1,133) rn.an,	50 570 38 3,729 2,302 . n �-.;

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	Statement of ,Segment Assets & Liabilities	31-Mar-2019	31-D6<:-2018	31-Mar-2018
		Audited	Un1udlted	Audited
1	segment Assets
	Trade Receivables
	Applicati011 Management Seivices	72,96'1	66,375	53,256
	Infrastructure Management Setvices	14,657	16,306	10,970
	Total Trade Receivables	87,621	82,681	6'1,226
	Inventories
	Applicat1011 Management Setvices			-
	Infrastructure Management Seivlces	9,846	10,680	10,600
	Total Inventories	9,846	10,680	10,600
	Unbilled Revenue
	Applicati011 Management Services	31,753	33,854	26,122
	Infrastructure Management Services	5,906	4,716	4,346
	Total Unbilled Revenue	37,659	38,570	30,468
	Goodwill
	Applicati011 Management Setvlces	41,728	41,873	24,716
	Infrastructure Management Services	18,582	18,747	17,518
	Total Goodwill	60,310	60,620	42,234
	Unallocable Assets	113,536	111,137	82,114
	TOTAL ASSETS	308 972	303,688	229,642
2	segment liabilities
	Unearned Revenue
	Applicat1011 Management Setvices	5,677	5,094	6,001
	Infrastructure Management Seivlces	3,747	2,602	3,277
	Total Unearned Revenue	9,425	7,696	9,278
	unallocable liabilities	103,616	108,510	52,109
	Total liabilities	113 041	116,206	61387

Notes: 1 The above financial results were reviewed and recommended by the Audit Committee and t!ken on record by the Board of Directors at their meeting held on April 30, 2019.

2 statement of Assets & Liabilities	/Rs.in lakhs)	/Rs.in lakhs)
	As at 31· Mar- As at 31· Mar-
Particulars	2019 2018
Assets Non-Current Assets (a) Property, Plant and Equipment (b) capiral work-In-progress (c) Goodwill (d) Other Inrangible assets (e) lnrangible assets under development (f) Financial Assets i) Investments ii) Other financial assets (g) Income rax assets (net) (h) Deferred tax assets (net) (I) Other non-current assets Total - Non-current assets Current Assets (a)Inventories (b) Financial Assets i) Investments ii) Trade receivables ill) cash and cash equivalents Iv) Bank balances other than In (Iii) above v) Other financial assets (c) Other current assets Total - Current assets Total • Assets Equity And Liabilities Equity (a) Equity Share capita! (b) Other Equity I. Reserves and surplus ii. Other components of equity Equity Attriburable to Owners of the Company Non controlling Interests Total • Equity Non-Current Liabilities (a) Financial Liabilities I) Borrowings i) Other financial liabilities (b) Provisions (c) Employee benefit obligations Total • Non-Current Liabilities Current Liabilities (a)Finaneial Liabilities I) Borrowings II) Trade payables iii) other financial liabilities (b) Employee benef obligations (c) Other current liabilities ( d) Current tax liabilities (Net) Total - Current Liabilities Total • Equitv And Liabilities	10,267 10,030 556 228 60,310 42,234 24,411 6,904 629 359 6,982 14,440 3,262 2,330 3,146 1,745 4,468 3,095 1125 1,946
	115,156 9,846 4,536 87,621 31,689 899 26,444 32 781	83,311 10,600 13,023 64,226 20,416 271 30,681 7 114
	193 816	146 331
	308,972	229 642
	4,504 187,430 2 302	4,499 160,512 1879
	194,236 1,696 195,932 10,221 6,084 209 1,457	166,890 1,365 168,255 595 6,201 88 1,496
	17,971 15,560 30,095 25,351 5,692 14,422 3 949	8,380 18,393 16,149 4,549 12,231 1685
	95069	53007
	308,972	229 642

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3 1 t.e uroup entered into a Share Purchase Agreement dated March 21, 2010 t., acquire !Gu% equity in Cynosure Interface Solutions Private Limited, an Indian IT company for a purchase consideration not exceeding Rs. 1300 lakhs, subject to certain conditions, payable upfront.
The Group, through Its subsidiary, Zensar Technologies Inc. entered into Share Purchase Agreement dated March 21, 2018 to acquire 100% equity of Cynosure Inc., a USA based IT company for purchase consideration of Rs. 20,150 lakhs (USD 31 million) payable upfront and balance amount of Rs. 18200 lakhs (USD 28 million) being earn-outs, subject to perfonnance targets over 24 months.
The above mentioned acquisitions has been consummated in April 2018.
The results for the quarter and year ended March 31, 2019 lndude the results of Cynosure Group (Revenue from operations of Rs. 5,297 lakhs and Rs. 17,512 lakhs respectively & Profit before tax of Rs. 1,659 lakhs and Rs. 4,580 lakhs respectively) and are therefore not comparable with results of previous periods.
4 The Group, through Its subsidiary, Zensar Technologies Inc. entered Into a Share Purchase Agreement dated July 27, 2018 to acquire 100% equity in Indigo Slate, Inc ("Indigo Slate"), a USA based IT company for purchase consideration of Rs. 12348 lakhs (USD 18 million) payable upfront and deferred consideration of an amount upto Rs. 18,522 lakhs (USD 27 million), subject to perfonnance targets over 36 months.
The above mentioned acquisition has been consummated in August 2018.
The results for the quarter and year ended March 31, 2019 lndude the results of Indigo Slate (Revenue from operations of Rs. 4,797 lakhs and Rs. 12,189 lakhs respectively & Profit before tax of Rs. 571 lakhs and Rs. 2,041 lakhs resoectivelvl and are therefore not comoarable With results of orevious oerlods.
5 The Parent, during the year, has sold 100% of its equity stake In Zensar Jnfonnation Technologies Limited and Zensar Software Technologies Limited for a sale consideration of Rs. 485 lakhs and Rs. 436 lakhs, respectively, receivable upfront and deferred consideration of an amount upto Rs. 265 lakhs and Rs, 349 lakhs respectively, subject to realisation of trade receivables over a period of 1 year.
The above mentioned sale has been consummated In January 2019.
6 The Parent, during the year, has entered into a business transfer agreement to transfer certain customer contracts and employees related liability for a sale consideration of Rs. 853 lakhs (USD 1.20 million) receivable upfront and deferred consideration of an amount upto Rs. 930 lakhs (USD 1.34 million) subject to novation of customer contracts over a period of 6 months.
7 The consolidated financial results lndude the results of Zensar Technologies Limited and Its subsidiaries viz., Zensar Technologies Inc., Zensar Technologies (UK) Limited, PSI Holding Group Inc., Zensar Technologies IM Inc., Zensar Technologies IM B.V., Zensar (Africa) Holdings Pty Limited, Zensar (South Africa) Pty limited, Professional Access Limited, Zensar Technologies (Singapore) Pie. Limited, Foolproof Limited, Knit Limited, Foolproof (SG) Pie Limited, Zensar Technologies (Shanghai) Company Limited, Keystone Logic Inc, Zensar Infonnation Technologies Limited, Zensar Software Technologies Limited, Zensar Info Technologies (Singapore) Pie Limited, Zensar IT Seivices Limited, Cynosure Inc, Cynosure Interface Seivices Private Limited, Cynosure APAC Pty Ltd, Cynosure Inc UK Ltd, Keystone Log ic Mexico, S. DE R.L. DE C.V, Keystone Technologies Mexico, S. DE R.L. DE C.V and Indigo Slate Inc.
8 Other Income (Net) for the quarter and year ended March 31, 2019 indudes foreign exchange gain/(loss) of Rs. (194) lakhs and Rs. 2,899 lakhs respectively. (Corresponding previous period: net gain of Rs. 1900 lakhs and Rs. 4652 lakhs). Other Income (net) for the quarter ended December 31, 2018 lndudes net foreign exchange gain/(loss) of Rs. (1688) lakhs.
9 During the year ended March 31, 2019, the Parent issued 40,750 equity shares pursuant to the exercise of stock options by certain employees under the "2002 ESOP" and 193,730 equity shares under "2006 ESOP" stock option plan.

10 Results of Zensar Technologies Limited on a stand alone basis are hosted on the Company's website www.zensar.com.

Stand-Alone financial Information
	(Rs. in Lakhs)
Partk:ubtn:	Quarter ended			Year Ended
	31-M•r-2019	31-Dec-2018	31-Mar-2018	31-Mar-2019	31-Ma..,..2018
	Unaudited	Un•udited	Unaudited	Audited	Audited
Revenue from operations Profit before tax Netprofit for the period	35,269 10,063 8 291	32,539 4,565 3 337	34,118 7,717 sno	137,008 33,351 25 800	128,S81 25,678 19 258

11 The board of directors in their meeting on January 21, 2019 dedared an interim dividend of Rs. 1.00 Per equity share.
In addition, the Board of Directors in their meeting held on April 30, 2019 have recommended a final dividend of Rs, 1.80 Per equity share, subject to the approval of shareholders.
12 During the year ended March 31, 2019, Group reversed contingent consideration payable on business combinations consummated in previous year amounting to GBP 1.7 million [Rs. 1,564 lakhs) based on company's assessment, being no longer payable.This reversal Is accounted under other Income.
13 Shareholders on August 8, 2018 approved the share split �n the ratio of 5 equity shares having face value of Rs. 2 each against 1 equity share having face value of Rs. 10 each held] and the Board of Directors fixed the record date as September 10, 2018
Basic and Diluted earnings per share for the previous periods has been presented to reflect the adjustment for share split in accordance with Ind AS 33 Earnings Per Share.
14 Effective April 1, 2018, the Group adopted Ind AS 115 "Revenue from Contracts with Customers• using the cumulaove catch-up transition method which is applied to contracts that were not completed as of April 1, 2018. Accordingly, the comparatives have not been retrospectively adjusted. The effect on adoption of Ind AS 115 was Insignificant on the financial results.
15 Figures for the quarter ended March 31, 2019 and March 31, 2018 are the balancing figures between audited figures in respect of the full financial year and published year to date figures upto the third quarter of the respective financial year.

Mumbai Date: April 30, 2019

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For and on behalf of the Board ,n beh
Sandeep Kishore
Managing Director & CEO
DIN:07393680
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Chartered Accountants 706, 'B' Wing, 7 Floor ICC Trade Tower Senapati Bapat Road Pune - 411 016 Maharashtra, fndia

Deloitte Haskins & Sells LLP

Tel: +91 20 6624 4600 Fax: +91 20 6624 4605

INDEPENDENT AUDITORS' REPORT TO THE BOARD OF DIRECTORS OF ZENSAR TECHNOLOGIES LIMITED

We have audited the accompanying Statement of Standalone Financial Results of ZENSAR TECHNOLOGIES LIMITED ("the Company"), for the year ended March 31, 2019 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016.
This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been compiled from the related standalone Ind AS financial statements which has been prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder ("Ind AS") and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement based on our audit of such standalone Ind AS financial statements.
We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditors' judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement.

We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our audit opinion.

In our opinion and to the best of our information and according to the explanations given to us, the Statement:
(i) is presented in accordance with the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016; and

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Regd. Office: lndiabulls Finance Centre, Tower 3, 27 - 32" ' Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai - 400 013, Maharashtra, India. (LLP Identification No. AAB-8737)

Deloitte Haskins & Sells LLP

(ii) gives a true and fair view in conformity with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and total comprehensive income and other financial information of the Company for the year ended March 31, 2019.
The Statement includes the results for the Quarter ended March 31, 2019 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For Deloitte Haskins & Sells LLP Chartered Accountants (Firm's Registration No. 117366W/W-10001 )

Place: Pune Date: April 30, 2019

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Zensar Technologies Limited

Registered Office : Zensar Knowledge Park, Kharadi, Plot# 4 , MIDC, Off Nagar Road, Pune - 411014, India Statement of Standalone Audited Results for the Year ended 31st March, 2019.

		Statement of Standalone Audited Resu	lts for the Yea	r ended 31st	March, 2019.
							(Rs. In Lakhsl
				Quarter ended		Year	Ended
		Particulars	31-Mar-2019	31-Dec-2018	31-Mar-2018	31-Mar-2019	31-Mar-2018
			Refer note 13		Refer note 13
			Unaudited	Unaudited	Unaudited	Audited	Audited
1	Revenue from operations		35,269	32,539	34,118	137,008	128,581
2	Other income ( net)		3 736	(287;	2190	8499	6,275
3	Total Income		39,005	32,252	36,308	145,507	134,856
4	Expenses
	a. Purchase of traded goods		160	391	509	1,209	2,574
	b. Employee benefits expense		19,972	19,645	18,972	78,949	74,925
	c. Subcontracting costs		1,293	950	1,135	3,934	2,708
	d. Finance costs		212	220	292	918	1,214
	e. Depreciation and amortisation expense		1,096	1,062	926	4,278	4,610
	f. Other expenses		6,209	5,419	6,757	22,868	23,147
	Total expenses		28,942	27,687	28,591	112,156	109,178
5	Profit before tax ( 3-4)		10,063	4,565	7,717	33,351	25,678
6	Tax expense
	a. Current tax		1,935	1,283	2,698	8,169	7,374
	b. Deferred tax		{163)	(55)	(751)	(618)	(954)
7	Net Profit for the period (5-6)		8,291	3,337	5,770	25,800	19,258
8	Other comprehensive income, net of income tax
	A. Items that will not be rec/ass/tied to profit or loss		67	(353)	(130)	111	423
	B. Items that will be reclassified to profit or loss		163	930	(233)	427	(1,036)
	Total other comprehensive income, net of income tax		230	577	(363)	538	(613)
9	Total comprehensive income for the period (7+8)		8,521	3,914	5,407	26,338	18,645
10	Paid·up equity share capital	(Face value Rs. 2 each) (refer note 11 below)	4,504	4,502	4,499	4,504	4,499
11	Other equity excluding Revaluation Reserves as per balance sheet					142,579	120,792
12	Earnings Per Share (EPS)	(Face value Rs. 2 each) (not annualised)
	(refer note 11 below):
	a) Basic		3.68	l.48	2.57	11.46	8.57
	b) Diluted		3.62	l.46	2.54	11.27	8.48

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Notes:

1 The above financial results were reviewed and recommended by the Audit Committee and taken on record by the Board of Directors at their meeting held on April 30, 2019.

2 Statement of Assets & Liabilities

2 Statement of Assets & Liabilities
Particulars	(Rs, in Lakhs)
	As at 31· Mar- As at 31- Mar- 2019 2018 8,126 8,400 31 158 8,402 8,402 3,603 4,189 629 359 6,318 12,676 - - 2,979 2,118 2,422 1,807 3392 3004
Assets Non-Current Assets (a) Property, Plant and Equipment (b) capital work-in-progress (c) Goodwill (d) Other Intangible assets (e) Intangible assets under development (f) Financial Assets i) Investments ii) Loans iii) Other financial assets {g) Income tax assets (net) {h} Deferred tax assets (net) (I) Other non-current assets Total . Non•current assets Current Assets (a) Financial Assets i) Investments Ii) Trade receivables Iii) cash and cash equivalents iv} Bank balances other than In (Iii)*above* v) Other financial assets (b) Other current assets Total - Current assets Total - Assets Equity And Liabilities Equity (a) Equity Share capital (b) Other Equity i. Reserves and surplus ii. Other components of equity Total • Equity Non-Current Liabilities (a) Financial Liabilities I) Borrowings ii) Other financial liabilities (b) Provisions (c) Employee benefit obligations Total - Non-Current Liabilities Current Liabilities (a) Financial Liabilities i) Trade payables Ii) Other financial liabilities (b) Employee benefit obligations (c) Other Current Liabilities (d) Income Tax Liabilitles (Net) Total • Current Liabilities Total • Equity And Liabilities
	, , 996 1,171
	36,898 42,284
	4,536 13,023 87,382 71,041 12,462 4,389 586 224 28,022 20,439 5016 3 953
	138004 113069
	, , 174,902 155,353 4,504 4,499 142,385 121,025 194 12331
	147,083 125,291 319 595 - 4,097
	209 88 1,450 1,496
	1,978 6,276 8,672 9,020 12,528 10,735 1,410 1,493 1,777 1,706 1454 832
	25,841 23,786 174,902 155,353

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3 The Company entered into a Share Purchase Agreement dated March 21, 2018 to acquire 100% equity in Cynosure Interface Solutions Private Limited, an Indian IT company for a purchase consideration not exceeding Rs. 1300 lakhs, subject to certain conditions, payable upfront.
The Company, through its subsidiary, Zensar Technologies Inc. entered into Share Purchase Agreement dated March 21, 2018 to acquire 100% equity of Cynosure Inc., a USA based IT company for purchase consideration of Rs. 20150 lakhs (USD 31 million} payable upfront and balance amount of Rs. 18200 lakhs (USD 28 million) being earn-outs, subject to performance targets over 24 months.
The above mentioned acquisitions has been consummated in April 2018.
4 The Company, through its subsidiary, Zensar Technologies Inc. entered into a Share Purchase Agreement dated July 27, 2018 to acquire 100% equity in Indigo Slate, Inc ("Indigo Slate'1, a USA based IT company for purchase consideration of Rs. 12348 lakhs (USD 18 million) payable upfront and deferred consideration of an amount upto Rs. 18522 lakhs (USD 27 million), subject to performance targets over 36 months. The above mentioned acquisition has been consummated In August 2018.
5 The Company, during the year, has sold 100% of its equity stake In Zensar Information Technologies Limited and Zensar Software Technologies Limited for a sale consideration of Rs. 485 lakhs and Rs. 436 lakhs, respectively, receivable upfront and deferred consideration of an amount upto Rs. 265 lakhs and Rs. 349 lakhs respectively, subject to realisation of trade receivables over a period of 1 year. The above mentioned sale has been consummated in January 2019.
6 The Company, during the year, has entered Into a business transfer agreement to transfer certain customer contracts and employees related liability for a sale consideration of Rs. 853 lakhs (USD 1.20 million) receivable upfront and deferred consideration of an amount upto Rs. 930 lakhs (USD 1.34 million} subject to novation of customer contracts over a period of 6 months.
7 Where financial results are declared for both consolidated and standalone entity, segment Information may be presented only In the case of consolidated financial results. Accordingly, segment Information has been provided only In the consolidated financial results.
8 Other Income (Net} for the quarter and year ended March 31, 2019 includes foreign exchange gain/(loss) of Rs. (553} lakhs and Rs. 2269 lakhs respectively. (Corresponding previous period: net gain of Rs. 1294 lakhs and Rs. 1948 lakhs}. Other Income (net} for the quarter ended December 31, 2018 Includes net foreign exchange galn/(loss) of Rs. (991) lakhs.
9 During the year ended March 31, 2019, the Company issued 40,750 equity shares pursuant to the exercise of stock options by certain employees under the "2002 ESOP" and 193,730 equity shares under "2006 ESOP" stock option plan.
10 The board of directors In their meeting on January 21, 2019 declared an interim dividend of Rs. 1.00 Per equity share.
In addition, the Board of Directors In their meeting held on April 30, 2019 have recommended a final dividend of Rs. 1.80 Per equity share, subject to the approval of shareholders.
11 Shareholders on August 8, 2018 approved the share split [in the ratio of 5 equity shares having face value of Rs. 2 each against 1 equity share having face value of Rs. 10 each held) and the Board of Directors fixed the record date as September 10, 2018 . Basic and Diluted earnings per share for the previous periods has been presented to reflect the adjustment for share split in accordance with Ind AS 33 Earnings Per Share.
12 Effective April 1, 2018, the Company adopted Ind AS 115 "Revenue from Contracts with Customers" using the cumulative catch-up transltion method which is applied to contracts that were not completed as of April 1, 2018. Accordingly, the comparatives have not been retrospectively adjusted. The effect on adoption of Ind AS 115 was insignificant on the financial results.
13 Figures for the quarter ended March 31, 2019 and March 31, 2018 are the balancing figures between audited figures in respect of the full financial year and published year to date figures upto the third quarter of the respective financial year.

Mumbai Date: April 30, 2019

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For and on behalf of the Board
Managing Director & CEO
DIN:07393680
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Zensar reports 20.2% growth in PAT and 17.6% growth in revenue for FY19 Digital at 44.7% of revenue for FY19, grows at 37.7% YoY

Pune, India, April 30, 2019: Zensar Technologies, a leading digital solutions and technology services company that specializes in partnering with global organizations across industries on their Digital transformation journey, announced its audited consolidated financial results for Quarter ending March 31, 2019, of the fiscal year 20182019.

Financial Highlights:

In Q4FY19, the company reported PAT of USD 11.7 M, a sequential growth of 53.1%. For the year FY19, PAT grew by 20.2% to $45.0M
In Q4FY19 the Company reported revenue of USD 150.1M a sequential growth of 4.5%. For the year FY19 Revenue grew by 17.6% in USD terms to USD 566.9 M
Digital Services contributed 46.4% of Q4FY19 revenues and was at 44.7% of FY19 revenues
EBITDA grew by 20.2% sequentially in Q4FY19. For FY19 EBITDA grew at 22.0% over the previous year

Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar Technologies said ,” FY19 has been a very good year for us with sustained improvement across all aspects of our business. Business growth was broad based with every business showing growth, led by our Digital and Next Gen Cloud & Infrastructure capabilities and backed by several large deal wins.

We continue to invest in our market winning ROD NeXT suite of digital platforms & solutions that help in delivering enterprise wide digital transformation programs for our clients.”

Navneet Khandelwal, Chief Financial Officer, Zensar Technologies said, “ In FY19 our focus was on efficient resource optimization, cost management and robust internal systems & processes. Profit growth was broadbased with all regions & Service lines seeing margin improvement. As a result, our EBITDA in FY19 grew 22.0% over the previous year and PAT too grew by 20.2% to $45.0M”

Significant wins in FY19:

IT Transformation mandate for Vyaire Medical, US
Strategic partnership with leading retail solutions company
Application Management services for a large Hi-tech corporation
Guidewire services for a US based property and casualty auto insurance carrier.
Managed Services mandate for South Africa’s leading financial services group
Infrastructure and Network services mandate for EBRD
Infrastructure management including managed security mandate for a global aerospace major
Application Development and Integration; Building and Implementing Responsive UI for a leading UK based motoring group
Warehouse management for a leading US based department store chain
Digital commerce implementation for a US based women’s clothing brand
Automation work for a leading South African financial services corporation
A multi-million-dollar, large deal for custom applications and solutions in the US with a global diversified brand
Application support and management win with one of the largest global diversified corporation in the US
An Enterprise applications services deal with a leading European online retailer and home shopping company

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A digital commerce services win for a leading American fashion company
A digital commerce mandate for an American corporation and marketer of automotive replacement tires
A Custom Applications deal with a leading SA based online micro gaming company
An Oracle services win for a US based leading video and game entertainment company
Application Management Services win for a large US based hi-tech global company
End to end infrastructure management requirements for Ruffer, a leading UK investment management company
JD Edwards implementation for a US company that develops aesthetic medical products
Warehouse Management System (WMS) Upgrade project for a leading supermarket chain in the United States
Big Data and Customer Analytics for a large US based hi-tech global company
End-user computing and data-center services for a leading UK oil and gas company
Testing mandate for a leading British multinational life insurance and financial services company
JD Edwards implementation for a US company that develops aesthetic medical products

Corporate Excellence in FY19

Zenlabs, the innovation hub of the company filed a total of 53 patents, focusing on ideas contributed by Zensarians globally and its team of in-house researchers
Zensar launches its First Customer Delivery center in Research Triangle Park (RTP), North America
Zensar Wins Innovation Award from Skillsoft and SumTotal
Zensar Joins Oracle Cloud Excellence Implementer Program to Drive Customer Success
Zensar Joins Oracle Cloud Managed Service Provider Program
Zensar Partners with Ocean Discovery Institute on Youth STEM Programs
Zensar Announces Launch of 3 in 1 Insurance Module
Zensar featured in the 100 Best Company for Women in 2018 BCWI Study
Zensar wins People Matters L & D Award for ‘Best in Future Tech Skill Building’

Industry Recognition in Q4 FY19

Zensar featured in Novarica’s Market Navigator Report
Zensar has been mentioned in the Gartner Report- “Revitalize Application Management Services with Kanban”
Zensar named as a Major Contender in the Everest Group Digital Services PEAK Matrix™ Assessment 2019
Zensar Recognized for Third Consecutive Year in Gartner Magic Quadrant for Managed Workplace Services, North America
Zensar mentioned in the Zinnov Zones global rankings of Digital Service Providers for 2019, titled, 'Zinnov Zones for Digital Services - 2019'
Zensar mentioned as an Innovator in Avasant Applied AI and Advanced Analytics Services RadarView™

About Zensar (www.zensar.com)

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by strong track-record of innovation; credible investment in Digital solutions; assertion of commitment to client’s success, Zensar ’s comprehensive range of digital and technology services and solutions enable its customers to achieve new thresholds of business performance. Zensar, with its experience in delivering excellence and superior client satisfaction through myriad technology solutions, is uniquely positioned to help them surpass challenges around running their existing business most efficiently, helping in their legacy transformation, and planning for business expansion and growth through innovative and digital ways.

Follow Zensar via:

Zensar Blog: http://www.zensar.com/blogs Twitter: https://twitter.com/Zensar LinkedIn: https://www.linkedin.com/company/zensar-technologies Facebook: https://www.facebook.com/Zensar Catch our refreshed new website at: www.zensar.com

About RPG Enterprises (www.rpggroup.com)

Mumbai headquartered RPG Enterprises is one of India's largest industrial conglomerates. With over 15 companies in its fold, the group has a strong presence across core business sectors such as Infrastructure, Tyre, IT and Specialty. Established in 1979, RPG Enterprises is one of India’s fastest growing business groups with a turnover in excess of Rs 22,000 crore.

For any queries please feel free to reach out:

PR Contacts (Global) Aradhana Prabhu Public Relations Zensar Technologies +91-9765999749 [email protected]

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorised use of our intellectual property and general economic conditions affecting our industry. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

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www.zensar.com | © Zensar Technologies 2019

Safe Harbor

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This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements. Forward looking statements are based on certain assumptions and expectations of future events. The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements.

The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, for the contents of this document including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this document or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. The information and opinions contained in this presentation are current, and if not stated otherwise, as of the date of this presentation. The Company undertake no obligation to update or revise any information or the opinions expressed in this presentation as a result of new information, future events or otherwise. Any opinions or information expressed in this presentation are subject to change without notice.

This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Zensar Technologies Limited (the “Company”), nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefore. Any person/ party intending to provide finance / invest in the shares/businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision. This presentation is strictly confidential and may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. Failure to comply with this restriction may constitute a violation of the applicable securities laws. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. By participating in this presentation or by accepting any copy of the slides presented, you agree to be bound by the foregoing limitations.

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www.zensar.com | © Zensar Technologies 2019

Company Overview

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Part of $3 B RPG Group
Portfolio Company of the $40 B APAX Group

Zensar Technologies is a $567 Mn organisation (FY19) – 17.6% YoY Growth

• Among 5 global tech companies to be listed on a major global stock exchange (BSE) for 55+ years

44.7% Digital Revenue, One of the fastest growing digital revenues in the sector (37.7% YoY Growth)

www.zensar.com | © Zensar Technologies 2019

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Zensar Business Update

www.zensar.com | © Zensar Technologies 2019

Q4 FY19 : Brief Snapshot

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www.zensar.com | © Zensar Technologies 2019

FY19 : Year of Growth across all parameters

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www.zensar.com | © Zensar Technologies 2019

Q4 FY19 : Key Achievements

Continued New Win Momentum

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Large win at one of the oldest insurers in the African Market Large Insurance win at a Niche property and casualty auto insurance carrier for Cynosure, a Zensar company Multiple key wins in existing large Retail Client based out of the United States

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Digital Updates

Continued Mega-growth in digital revenues – 46.4% ( crossed 45% for the first time in a quarter, second highest in the industry ) Multiple more patents filed with 5 being granted for Digital & Blockchain – strong push towards innovation continues

Strengthening of brand ‘Zensar’

Zensar Recognized for 3rd Consecutive Year in Gartner Magic Quadrant for Managed Workplace Services Zensar named as a Major Contender in the Everest Group Digital Services PEAK Matrix™Assessment 2019 Zensar mentioned as an Innovator in Avasant Applied AI and Advanced Analytics Services RadarView™

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Revenue crosses $150M+, Headcount crosses 10,000

$150.1M , highest ever revenue, Q4 FY19

Headcount- 10073 (net addition of 260 QoQ, 1168 YoY)

9 accounts of $10m+ Annual revenues (YoY increase of 5)

www.zensar.com | © Zensar Technologies 2019

Trending in Key Financial Updates (US $)

QoQ Revenue Increase

Constant Currency Revenue Growth

Consistent Growth in US

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154.0 150.1 152.0 149.5 115 114.3
149.0 147.0 144.3 109.2
143.7 110
144.0 140.6
142.0
139.0 135.0 138.1 137.0 136.1 105 100.0 102.6
134.0 100
132.0
129.0 126.6 95
127.0 124.0 91.4
124.0
Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 122.0 90
Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19
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Hi – Tech Growth
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----- Start of picture text -----

Consistent Europe Growth Digital & Application Services Growth Hi – Tech Growth
23.5 130.0 127.1 58.0 57.2
22.4
22.5 125.0 56.0 54.1
21.5 119.1 54.0
20.6 120.0 117.2 52.1
52.0
20.5 114.8
19.7
115.0 50.0 48.7
19.5
18.5 108.7 48.0 46.6
18.5 18.0 110.0
46.0
17.5 105.0
44.0
Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19
Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19
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All Numbers in $M unless stated

www.zensar.com | © Zensar Technologies 2019

Core & Digital Business Update

Total Revenue @ 4.3% CQGR, @18.5% YoY

Core Revenue @ 5.2% CQGR, @ 22.3% YoY ; Digital Revenue @ 35.6 % YoY

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$150.1M
$143.7M
$138.1M 7.7
$135.0M 8.3
$126.6M
10.5
10.4
10.2
142.4
135.3
124.6 127.6
116.4
Q4 FY 18 Q1 FY 19 Q2 FY 19 Q3 FY 19 Q4 FY 19
Core @ 5.2% ^ Non-Core @ -6.9% ^
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$142.4M
$135.3M
$127.6M
$124.6M
$116.4M
72.7
70.8
66.6
66.6
65.0
69.7
58.0 61.0 64.5
51.4
Q4 FY 18 Q1 FY 19 Q2 FY 19 Q3 FY 19 Q4 FY 19
Digital @ 7.9% ^ Traditional @ 2.8% ^
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www.zensar.com | © Zensar Technologies 2019

Q4 & FY19 : Key Financials

❑ Revenue Growth

4.5% QoQ & 18.5% YoY in USD terms
4.1% QoQ & 21.5% YoY in CC terms
Core Revenue stood at $142.4M – a growth of 5.2% QoQ and 22.3% YoY.
FY19 Revenue grew 17.6% over FY18

❑ EBITDA

12.5% of Quarterly Revenue, 20.2% QoQ growth, 20.7% YoY growth
FY19 EBIDTA grew 22.0% over FY18
Core Business EBITDA was at 14.1% for Q4 and 14.1% for FY19

❑ PAT

7.8% of Quarterly Revenue, 53.1% QoQ & 4.0% YoY growth
• FY19 PAT grew 20.2% over FY18

❑ Digital

46.4% of total revenue in Q4, 44.7% for the entire fiscal.

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150.1
143.7
138.1
135.0
126.6
Q4-18 Q1-18 Q2-19 Q3-19 Q4-19
5 Quarter Revenue performance (In $M)
142.4
135.3
127.6
124.6
116.4
Q4-18 Q1-18 Q2-19 Q3-19 Q4-19
5 Quarter Core Revenue performance (In $M)
69.7
64.5
61.0
58.0
51.4
Q4-18 Q1-18 Q2-19 Q3-19 Q4-19
5 Quarter Digital Revenue performance (In $M)
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www.zensar.com | © Zensar Technologies 2019

Q4 FY19 & FY 19 Financials

Particulars	Q4 FY19	Q4 FY19	Growth	Growth	Growth	Growth	Growth	Growth	FY 19	FY 19
	USD Mn	INR Cr	Q-o-Q			Y-o-Y			USD Mn	YoY Growth
			USD	INR	CC	USD	INR	CC
Revenue	$ 150.1	₹ 1057.4	4.5%	2.1%	4.1%	18.5%	29.8%	21.5%	566.9	17.6%
EBITDA	$ 18.7	₹ 132.1	20.2%	17.5%		20.7%	32.2%		70.6	22.0%
EBIT	$ 15.2	₹ 107.0	23.3%	20.5%		13.5%	24.3%		57.8	21.1%
PAT	$ 11.7	₹ 82.7	53.1%	49.7%		4.0%	13.9%		45.0	20.2%
	INR/Share		Q-o-Q			Y-o-Y
EPS (Diluted)	3.6		49.7%			13.1%

www.zensar.com | © Zensar Technologies 2019

Q4 FY19 & FY19: Key Business Highlights

❑ Pipeline quality and Large Deals

Strong Demand environment persists – Trend of slightly smaller size deals with increased deal volume in the recent past. Steady inflow of Large transformational deals
Large Deals ratio - 60% deals being fought with a TCV over $10m across Zensar. Up from 55% last quarter
Pipeline – Continues to be robust with a good mix of Application and Cloud deals
Digital (including RoD and RoD NeXT) seeing tremendous traction across all markets while helping create niche for Zensar

❑ Core Business

$100M+ bookings in the Cloud & Infrastructure space on a trailing twelve months basis
Top 20 accounts grew 19.3% & top 10 grew at 20.1% over previous year – Account management continues to be robust. 10M+ accounts grew to 9 – a sequential growth of 2 while a growth of 5 over the year
Insurance had a slightly soft quarter however there was healthy increase in deal wins especially in the Guidewire space
Europe continued its steep growth with both Farming & Hunting engines faring well
BFSI continued its growth momentum, growing at a yearly rate of 30.1% while Hi-Tech grew by 22.8% in Q4.

❑ Acquired Entities – All entities register sequential growth

Foolproof – Quarterly revenue growth of 10.2%. Good cross sell helping UK region growth
Keystone Logic – Quarterly revenue growth of 16.1%.
Cynosure – Quarterly revenue growth of 18.3%. Multiple deal wins in the last quarter.
Indigo Slate – Growth of 6.5% sequentially. Combined GTM in place.

www.zensar.com | © Zensar Technologies 2019

@ Scale winning momentum

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Tier 1 Global 500 $100 Mn Diversified Brand $50 Mn Retailer Fortune 500 Medical $50 Mn Technology Device Mfg. $40 Mn Leader $30 Mn Tier 2 Insurer carrierInsurer carrier $30 Mn Global Financial Services

$750 Mn+

$50 Mn Medical Device Mfg. TCV wins over the last 12 months $30 Mn Tier 2 Insurer carrierInsurer carrier

www.zensar.com | © Zensar Technologies 2019

FY19 Financials – Digital Growth

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•
Digital continues to be a pivot for Zensar’s strong
growth. All of Zensar’s acquisitions (all digital in nature)
17.6% YoY
$566.9M
Service Split had strong growth over the year with Cynosure leading
(In USD Mn)
in the last quarter.
•
Digital & Application Services
grew 18.9% over the last fiscal
$478.1 $88.8 owing to the strong growth of
18.9% YoY 10.9% YoY
Digital & App Cloud & Infra
Services Services 33.8% in Digital Services.
•
Cloud & Infrastructure
services grew at 10.9%
in the fiscal. Cloud,
Digital led next Gen CIS
$253.6 $28.7 $32.9 $27.2
$224.5
33.8% YoY Digital Services 8.2% YoY Core App Cloud, Digital 77.3% YoY Core Infra -5.6% YoY Third Party -6.5% YoY however grew at 77.3%
Services led next gen Services Maintenance
CIS thanks to Vinci,
Zensar’s ROD NeXT
based Cloud platform
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All growth numbers in USD Terms

www.zensar.com | © Zensar Technologies 2019

FY19 Financials – Geographical & Vertical Split

Geographical Split

Vertical Split

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8.8% [1.7%]
14.3%
75.2%
US Europe Africa ROW
Percentage of Revenue In USD
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Constant Currency Growth:

Geography	QoQ (cc)	FY 19 (cc)
US	4.6%	21.5%
Europe	7.5%	21.6%
Africa	-2.0%	10.4%
ROW	-27.0%	-35.0%

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1 0 0 . 0 %
Revenue
2 2 . 2 % 5 1 . 3 %
2 3 . 2 % 3 . 3 %
Retail & Consumer Hi-Tech &
Fin. Services Emerging
Services Manufacturing
3 7 . 4 % 1 3 . 9 % 1 8 . 4 % 4 . 8 %
Hi-Tech Mfg Insurance Banking
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www.zensar.com | © Zensar Technologies 2019

FY19 Top Client Revenue Mix

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Million Dollar Clients
FY18 FY19 Net Increase
20 Mn Dollar+ 2 2 0
10 Mn Dollar+ 4 9 5
5 Mn Dollar+ 17 19 2
1 Mn Dollar+ 80 92 12
Revenue Concentration
FY18 FY19 YoY %
Top 5 Clients 36.3% 37.6% 21.6%
Top 10 Clients 44.8% 46.5% 22.1%
Top 20 Clients 56.1% 57.1% 19.5%
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www.zensar.com | © Zensar Technologies 2019

FY19 Employee Details

Utilization Excluding Trainees 83.4%

Attrition

Attrition (YTD) 15.6%

Headcount

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FY18 Headcount	8,905
Net Additions	1,168
FY19 Headcount	10,073
Technical – Onsite	2,420
Technical – Offshore	6,501
Technical – BPO/Others	275
Marketing	79
Support (including Trainees)	798
% of women employees	28.2%

Stock Price and Shareholding Pattern

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Share Price in Rs. Total Volume
200 5,00,000
4,00,000
150
3,00,000
100
2,00,000
50
1,00,000
0 0
Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19
Total Volume
Share Price in Rs. (NSE)
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Equity Share Information:

Shareholding Pattern (as on 31[st] March, 2019)

Share Price (23[rd] April 2019): INR 231.15/ share
Market Cap (23[rd] April 2019): INR 5,220 Crs
Financial Year: April to March
Face Value: INR 2 / share
Listed on Indian Stock Exchanges:
a) Bombay Stock Exchange (code: 504067)
b) National Stock Exchange (code: ZENSARTECH)
Bloomberg Code: ZENT.IN

Promoter

Apax Partners

FPIs

DIIs/ Others

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11.5%
16.8%
48.9%
22.9%
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Reuters Code: ZENT.BOx

Analyst Recognition in the Quarter

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Report Mentions:

Zensar named as a Major Contender in the Everest Group Digital Services PEAK Matrix™Assessment 2019

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Zensar featured in Novarica’s Market Navigator Report

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Report Mentions:

Zensar has been mentioned in the Gartner Report“Revitalize Application Management Services with Kanban”
Zensar Recognized for Third Consecutive Year in Gartner Magic Quadrant for Managed Workplace Services, North America

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Zensar mentioned in the Zinnov Zones global rankings of Digital Service Providers for 2019, titled, -
'Zinnov Zones for Digital Services 2019'

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Zensar mentioned as an Innovator in Avasant Applied AI and Advanced Analytics Services RadarView™

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Analyst Presentation for the quarter ending March 31, 2019 RPG Group Overview

RPG Group: Key Financials

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FY14-18
Gross Total Income (Rs Cr.)
CAGR: 4.9%
21,766
20,052
19,183 19,271
17,949
FY14 FY15 FY16 FY17 FY18
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Net Worth ROE ROCE
6,925
6,066
5,260
4,611
3,807
16.0% 16.7% 16.2% 14.9%
17.4%
12.3% 12.0%
12.1% 10.6% 11.6%
FY14 FY15 FY16 FY17 FY18
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Note:

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FY14-18 CAGR:
EBITDA 8.0% EBITDA PAT
2,218
PAT 11.7%
2,014 2,045
1,630 1,668
980 1,031
879
739
663
FY14 FY15 FY16 FY17 FY18
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Market Cap
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18,546
7,495
5,220
4,426
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Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19
Group CEAT KEC ZENSAR
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1) ROCE is calculated by taking EBIT*(1-ETR) divided by Capital Employed 2) ROE is calculated by taking PAT divided by Net-worth 3) Market Cap updated till 23[rd] April 2019

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Thank You Thanks

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Zensar reports 20.2% growth in PAT and 17.6% growth in revenue for FY19 Digital at 44.7% of revenue for FY19, grows at 37.7% YoY

Financial Highlights:

In Q4FY19, the company reported PAT of USD 11.7 M, a sequential growth of 53.1%. For the year FY19, PAT grew by 20.2% to $45.0M
In Q4FY19 the Company reported revenue of USD 150.1M a sequential growth of 4.5%. For the year FY19 Revenue grew by 17.6% in USD terms to USD 566.9 M
Digital Services contributed 46.4% of Q4FY19 revenues and was at 44.7% of FY19 revenues
EBITDA grew by 20.2% sequentially in Q4FY19. For FY19 EBITDA grew at 22.0% over the previous year

We continue to invest in our market winning ROD NeXT suite of digital platforms & solutions that help in delivering enterprise wide digital transformation programs for our clients.”

Significant wins in FY19:

IT Transformation mandate for Vyaire Medical, US
Strategic partnership with leading retail solutions company
Application Management services for a large Hi-tech corporation
Guidewire services for a US based property and casualty auto insurance carrier.
Managed Services mandate for South Africa’s leading financial services group
Infrastructure and Network services mandate for EBRD
Infrastructure management including managed security mandate for a global aerospace major
Application Development and Integration; Building and Implementing Responsive UI for a leading UK based motoring group
Warehouse management for a leading US based department store chain
Digital commerce implementation for a US based women’s clothing brand
Automation work for a leading South African financial services corporation
A multi-million-dollar, large deal for custom applications and solutions in the US with a global diversified brand
Application support and management win with one of the largest global diversified corporation in the US
An Enterprise applications services deal with a leading European online retailer and home shopping company

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A digital commerce services win for a leading American fashion company
A digital commerce mandate for an American corporation and marketer of automotive replacement tires
A Custom Applications deal with a leading SA based online micro gaming company
An Oracle services win for a US based leading video and game entertainment company
Application Management Services win for a large US based hi-tech global company
End to end infrastructure management requirements for Ruffer, a leading UK investment management company
JD Edwards implementation for a US company that develops aesthetic medical products
Warehouse Management System (WMS) Upgrade project for a leading supermarket chain in the United States
Big Data and Customer Analytics for a large US based hi-tech global company
End-user computing and data-center services for a leading UK oil and gas company
Testing mandate for a leading British multinational life insurance and financial services company
JD Edwards implementation for a US company that develops aesthetic medical products

Corporate Excellence in FY19

Zenlabs, the innovation hub of the company filed a total of 53 patents, focusing on ideas contributed by Zensarians globally and its team of in-house researchers
Zensar launches its First Customer Delivery center in Research Triangle Park (RTP), North America
Zensar Wins Innovation Award from Skillsoft and SumTotal
Zensar Joins Oracle Cloud Excellence Implementer Program to Drive Customer Success
Zensar Joins Oracle Cloud Managed Service Provider Program
Zensar Partners with Ocean Discovery Institute on Youth STEM Programs
Zensar Announces Launch of 3 in 1 Insurance Module
Zensar featured in the 100 Best Company for Women in 2018 BCWI Study
Zensar wins People Matters L & D Award for ‘Best in Future Tech Skill Building’

Industry Recognition in Q4 FY19

Zensar featured in Novarica’s Market Navigator Report
Zensar has been mentioned in the Gartner Report- “Revitalize Application Management Services with Kanban”
Zensar named as a Major Contender in the Everest Group Digital Services PEAK Matrix™ Assessment 2019
Zensar Recognized for Third Consecutive Year in Gartner Magic Quadrant for Managed Workplace Services, North America
Zensar mentioned in the Zinnov Zones global rankings of Digital Service Providers for 2019, titled, 'Zinnov Zones for Digital Services - 2019'
Zensar mentioned as an Innovator in Avasant Applied AI and Advanced Analytics Services RadarView™

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No te : All numbers are as per the Ind-AS reporting standard

Q4 FY 19 Revenue and profitability snapshot (US$)

Particulars	Q4 FY19	Q4 FY19	Growth	Growth	Growth	Growth	Growth	Growth	FY 19	FY 19

	USD Mn	INR Cr	Q-o-Q			Y-o-Y
									USD Mn	Y-o-Y
			USD	INR	CC	USD	INR	CC

Revenue	$ 150.1	₹ 1057.4	4.5%	2.1%	4.1%	18.5%	29.8%	21.5%	566.9	17.6%
EBITDA	$ 18.7	₹ 132.1	20.2%	17.5%		20.7%	32.2%		70.6	22.0%
EBIT	$ 15.2	₹ 107.0	23.3%	20.5%		13.5%	24.3%		57.8	21.1%
PAT	$ 11.7	₹ 82.7	53.1%	49.7%		4.0%	13.9%		45.0	20.2%

Q4 FY 19 Revenue Growth in Constant Currency

Particulars	Segments	Q4 FY19
		QoQ
Consolidated	For the Company	4.1%
Geography	US	4.6%
	Europe	7.5%
	Africa	-2.0%
	RoW	-27.0%
Services	Digital and Application Services, DAS	6.3%
	Digital Services	7.7%
	Core Application Services	4.9%
	Cloud and Infrastructure Services, CIS	-6.5%
	Cloud, Digital Led next gen CIS	6.9%
	Core Infrastructure Services	-18.1%
	Third Party Maintenance	-2.8%
	Total Digital Services	7.7%
Industry	Hitech and Manufacturing	8.4%
	Hitech	5.7%
	Mfg.	16.2%
	Retail and Consumer Services	6.7%
	Financial Services	-4.3%
	Insurance	-5.6%
	Banking	0.2%
	Emerging	19.7%

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Performance Highlights

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*Graph not drawn at scale

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Income Statement (USD Mn)

Income Statement(USD Mn)	Q4 FY 18 FY 18 Q3 FY 19 Q4 FY 19 FY 19

Operating revenue	126.6 482.2 143.7 150.1 566.9
Sequential Growth Year-Over-Year Growth Cost of revenue	3.2% 4.0% 4.5% 14.2% 5.8% 17.1% 18.5% 17.6% 89.4 342.4 105.2 107.3 404.1
Grossprofit	37.2 139.8 38.5 42.8 162.8
Gross profit % of revenue Sequential Growth Year-Over-Year Growth Sales and marketing expenses General and administration expenses Operating expenses % of revenue Other operating income	29.4% 29.0% 26.8% 28.5% 28.7% 0.7% -3.8% 11.0% 20.8% 4.7% 4.3% 15.0% 16.5% 8.1 34.0 9.9 10.4 38.4 14.1 49.1 13.2 14.4 56.1 22.2 83.2 23.2 24.7 94.6 17.6% 17.2% 16.1% 16.5% 16.7% 0.6 1.2 0.3 0.7 2.3
Earnings before interest, tax, depreciation and amortization(EBITDA)	15.5 57.8 15.6 18.7 70.6
EBITDA % of revenue Sequential Growth Year-Over-Year Growth Depreciation and amortisation	12.3% 12.0% 10.9% 12.5% 12.4% -6.0% -12.5% 20.2% 76.5% 0.4% -5.6% 20.7% 22.0% 2.2 10.1 3.3 3.6 12.8
Earnings before interest and tax(EBIT)	13.4 47.7 12.3 15.2 57.8
EBIT % of revenue Sequential Growth Year-Over-Year Growth Interest Exchange Gain/(Loss) Other income	10.6% 9.9% 8.6% 10.1% 10.2% -4.8% -15.8% 23.3% 93.6% -5.3% -12.4% 13.5% 21.1% 0.8 3.5 1.5 1.6 5.3 2.9 7.2 -2.3 -0.3 4.3 0.6 3.1 2.4 3.5 7.1
Profit before tax	16.2 54.6 10.9 16.8 63.9
% of revenue Sequential Growth Year-Over-Year Growth Provision for taxation	12.8% 11.3% 7.6% 11.2% 11.3% 16.5% -42.4% 55.0% 449.4% 5.0% -21.7% 4.2% 17.1% 4.7 16.3 3.0 5.0 18.2
Profit after tax(before minority interest)	11.5 38.2 7.8 11.8 45.7
% of revenue Minority interest	9.1% 7.9% 5.5% 7.9% 8.1% 0.2 0.8 0.2 0.1 0.7
Profit after tax	11.3 37.5 7.7 11.7 45.0
Profit after tax % of revenue Sequential Growth Year-Over-Year Growth Note- EBITDA includes other income of operating nature.	8.9% 7.8% 5.3% 7.8% 7.9% 23.8% -42.4% 53.1% 632.6% 7.1% -15.9% 4.0% 20.2%

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Income Statement (INR Mn)

Income Statement (INR Mn)	Q4 FY 18 FY 18 Q3 FY 19 Q4 FY 19 FY 19

Operating revenue	8,147 31,077 10,355 10,574 39,663
Sequential Growth Year-Over-Year Growth Cost of revenue	2.6% 6.9% 2.1% 9.6% 1.7% 30.5% 29.8% 27.6% 5,755 22,068 7,580 7,562 28,286
Gross profit	2,393 9,009 2,776 3,012 11,377
Gross profit % of revenue Sequential Growth Year-Over-Year Growth Sales and marketing expenses General and administration expenses Operating expenses % of revenue Other operating income	29.4% 29.0% 26.8% 28.5% 28.7% 0.1% -1.1% 8.5% 16.0% 0.6% 16.1% 25.9% 26.3% 521 2,195 716 731 2,690 910 3,165 955 1,012 3,921 1,431 5,360 1,671 1,742 6,611 17.6% 17.2% 16.1% 16.5% 16.7% 38 79 20 51 162
Earnings before interest, tax, depreciation and amortization (EBITDA)	999 3,729 1,125 1,321 4,928
EBITDA % of revenue Sequential Growth Year-Over-Year Growth Depreciation and amortisation	12.3% 12.0% 10.9% 12.5% 12.4% -6.5% -10.1% 17.5% 69.5% -3.6% 5.2% 32.2% 32.2% 139 651 237 251 894
Earnings before interest and tax (EBIT)	861 3,078 887 1,070 4,034
EBIT % of revenue Sequential Growth Year-Over-Year Growth Interest Exchange Gain/(Loss) Other income	10.6% 9.9% 8.6% 10.1% 10.2% -5.4% -13.5% 20.5% 85.9% -9.0% -2.4% 24.3% 31.1% 50 227 109 110 373 188 463 -169 -18 291 42 202 174 246 502
Profit before tax	1,040 3,516 783 1,187 4,454
% of revenue Sequential Growth Year-Over-Year Growth Provision for taxation	12.8% 11.3% 7.6% 11.2% 11.2% 15.8% -40.8% 51.6% 427.4% 0.9% -12.8% 14.1% 26.7% 300 1,051 218 355 1,267
Profit after tax (before minority interest)	741 2,465 565 832 3,186
% of revenue Minority interest	9.1% 7.9% 5.5% 7.9% 8.0% 14 50 0.2 4 51
Profit after tax	727 2,415 553 827 3,136
Profit after tax % of revenue Sequential Growth Year-Over-Year Growth Note- EBITDA includes other income of operating nature.	8.9% 7.8% 5.3% 7.8% 7.9% 23.0% -40.8% 49.7% 603.3% 2.8% -6.4% 13.9% 29.8%

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Other Metrics:

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	Other Metrics	Q4 FY 18 FY 18 Q3 FY 19 Q4 FY 19 FY 19
	Revenue By Service Offering Digital & Application Services (DAS) Digital Services Core Application Services Cloud and Infrastructure Services (CIS) Cloud, Digital Led next gen CIS Core Infrastructure Services Third Party Maintenance Total *Total Digital Services*	85.9% 83.4% 82.9% 84.7% 84.3% 36.2% 34.8% 39.7% 41.1% 39.6% 49.6% 48.6% 43.2% 43.6% 44.7% 14.1% 16.6% 17.1% 15.3% 15.7% 4.3% 3.4% 5.2% 5.3% 5.1% 4.9% 7.2% 7.4% 5.8% 5.8% 4.9% 6.0% 4.5% 4.2% 4.8% 100% 100% 100% 100% 100% *40.6%* *38.1%* *44.9%* *46.4%* *44.7%*
	Revenue By Industry Manufacturing Hi Tech Mfg Retail and Consumer Services Financial Services Insurance Banking Emerging Total	51.3% 51.7% 51.0% 51.8% 51.3% 36.8% 35.4% 37.6% 38.1% 37.4% 14.5% 16.3% 13.3% 13.7% 13.9% 27.2% 26.9% 21.0% 21.6% 22.2% 20.2% 20.3% 24.1% 22.2% 23.2% 15.3% 14.9% 18.7% 17.1% 18.4% 4.9% 5.3% 5.4% 5.1% 4.8% 1.3% 1.1% 4.0% 4.4% 3.3% 100% 100% 100% 100% 100%
	Revenue By Geographical Segment US Europe Africa ROW Total	72.2% 72.8% 76.0% 76.2% 75.2% 14.2% 14.0% 14.3% 14.9% 14.3% 10.4% 9.9% 8.3% 8.0% 8.8% 3.2% 3.3% 1.3% 0.9% 1.7% 100% 100% 100% 100% 100%
	Revenue By Project Type Fixed Price Time & Materials Total	54.2% 52.0% 53.7% 54.6% 53.7% 45.8% 48.0% 46.3% 45.4% 46.3% 100% 100% 100% 100% 100%

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	Other Metrics	Q4 FY 18 FY 18 Q3 FY 19 Q4 FY 19 FY 19
	Constant Currency Operating revenue (Constant Currency mn) Sequential Growth Year-Over-Year Growth Constant Currency Growth By Service Offering (QoQ %) Digital & Application Services (DAS) Digital Services Core Application Services Cloud and Infrastructure Services (CIS) Cloud, Digital Led next gen CIS Core Infrastructure Services Third Party Maintenance *Total Digital Services*	124.0 476.9 144.3 149.5 571.5 1.1% 4.7% 4.5% 4.1% 18.5% 10.9% 4.7% 17.6% 21.5% 18.5% 4.7% 11.1% 2.1% 6.3% 20.1% 4.3% 26.9% 5.9% 7.7% 35.2% 4.9% 2.0% -1.0% 4.9% 9.3% -15.3% -18.5% 17.4% -6.5% 10.9% 24.1% 161.1% 10.1% 6.9% 77.8% -33.0% -44.3% 55.6% -18.1% -5.4% -16.7% -1.4% -11.5% -2.8% -6.1% 6.1% 33.0% 6.3% 7.7% 38.9%
	Constant Currency Growth By Industry (QoQ %) Manufacturing Hi Tech Mfg Retail and Consumer Services Financial Services Insurance Banking Emerging	1.8% -2.0% 1.1% 8.4% 17.2% 11.4% 3.7% 3.8% 5.7% 24.6% -16.5% -12.4% -5.7% 16.2% 1.2% 2.3% 16.2% 1.1% 6.7% -2.5% -4.2% 12.2% 9.6% -4.3% 36.8% -1.0% 15.8% 6.5% -5.6% 46.9% -13.3% 3.1% 22.3% 0.2% 8.7% 35.5% -27.0% 48.8% 19.7% 259.4%
	Constant Currency Growth By Geography (QoQ %) US Europe Africa ROW	1.5% 3.6% 6.6% 4.6% 21.5% 3.2% 24.4% 5.7% 7.5% 21.6% -0.9% 12.0% -3.6% -2.0% 10.4% -8.1% -36.0% -39.6% -27.0% -35.0%

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	Other Metrics	Q4 FY 18 FY 18 Q3 FY 19 Q4 FY 19 FY 19
	Client Data Number of million dollar Clients (LTM Revenue) 1 Million dollar + 5 Million dollar + 10 Million dollar + 20 Million dollar + Revenue from top clients Revenue- top 5 clients Revenue- top 10 clients Revenue- top 20 clients	Q3 FY 19 FY 18 Q2 FY 19 Q3 FY 19 80 80 100 92 92 17 17 20 19 19 4 4 7 9 9 2 2 2 2 2 38.6% 36.3% 39.1% 37.6% 37.6% 47.7% 44.8% 49.5% 48.4% 46.5% 59.3% 56.1% 60.2% 59.7% 57.1% 87.0% 87.1% 82.6% 84.5% 84.5% 253 253 322 327 327 28 92 26 17 123
	Repeat business %

	Number of active clients
	New clients added in the period (# Refer note at the end)
	Onsite: Offshore Revenue mix Onsite Offshore Total Utilization Utilization (excluding Trainees) Employee data Headcount Technical - Onsite Technical - Offshore Technical - BPO / Others Marketing Support (including trainees) Total	62.7% 62.9% 67.4% 67.4% 66.5% 37.3% 37.1% 32.6% 32.6% 33.5% 100% 100% 100% 100% 100% 83.8% 84.4% 81.7% 83.4% 83.4% 1,866 1,866 2,360 2,420 2,420 5,868 5,868 6,259 6,501 6,501 248 248 283 275 275 68 68 76 79 79 855 855 835 798 798 8,905 8,905 9,813 10,073 10,073 900 2,609 1,056 1,035 3,736 27.7% 27.7% 27.5% 28.2% 28.2%
	Gross employees added during the period

	% of women employees
	Attrition Attrition	14.9% 14.9% 15.8% 15.6% 15.6%

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	Other Metrics	Q4 FY 18 FY 18 Q3 FY 19 Q4 FY 19 FY 19
	Exchange Rates Rupee Dollar Rate Period Closing Rate Period Average Rate Rupee Euro Rate Period Closing Rate Period Average Rate Rupee GBP Rate Period Closing Rate Period Average Rate Rupee ZAR Rate Period Closing Rate Period Average Rate	65.2 65.2 69.8 69.2 69.2 64.3 64.5 72.1 70.5 69.9 80.8 80.8 80.0 77.7 77.7 79.1 75.4 82.2 80.0 80.9 92.3 92.3 89.1 90.5 90.5 89.5 85.5 92.7 91.7 91.8 5.6 5.6 4.9 4.8 4.8 5.4 5.0 5.0 5.0 5.1
	Revenue By Currency Dollar Euro GBP ZAR Others Total	74.2% 72.0% 72.8% 72.0% 72.7% 1.3% 1.3% 0.8% 0.9% 5.2% 12.3% 13.2% 15.9% 16.8% 12.7% 8.9% 9.9% 7.9% 7.6% 7.0% 3.3% 3.6% 2.6% 2.7% 2.4% 100.0% 100.0% 100.0% 100.0% 100.0%
	Effective Tax Rate	28.8% 29.9% 27.8% 29.9% 28.5%
	Accounts receivables (in days) Billed Unbilled	67 67 72 73 73 35 35 34 32 32
	Total Summary of Cash and Cash Equivalents Cash and Cash Equivalents (USD mn) Cash on hand Balances with Banks: In current accounts Deposit with original maturity of less than three months Other Bank Balances: Unpaid dividend accounts Total	102 102 106 105 105 0.0 0.0 0.0 0.0 0.0 29.2 29.2 46.0 42.6 42.6 2.2 2.2 2.2 4.2 4.2 0.3 0.3 0.3 0.3 0.3 31.7 31.7 48.5 47.1 47.1
	Investment in Mutual Funds	37.3 37.3 19.1 13.3 13.3

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	Other Metrics	Q4 FY 18 FY 18 Q3 FY 19 Q4 FY 19 FY 19
	Summary of Debt Debt (USD mn) Short-term debt Long-term debt Total	- - 30.5 23.0 23.0 - - 20.0 20.0 20.0 - - 50.5 43.0 43.0
	Outstanding Hedges USD Value Avg. Rate/ INR GBP Value Avg. Rate/ INR ZAR Value Avg. Rate/ INR Summary of Capex Capex (USD Mn) Earning Per Share (INR/share) Basic Diluted	69.4 69.4 74.8 115.2 115.2 66.0 66.0 72.2 72.0 72.0 6.8 6.8 14.3 15.8 15.8 91.1 91.1 94.6 94.2 94.2 70.5 70.5 88.3 100.8 100.8 5.4 5.4 5.0 5.1 5.1 1.6 9.0 1.4 1.5 6.9 3.2 10.8 2.5 3.7 13.9 3.2 10.6 2.4 3.6 13.7
	Shareholding Public Shareholding Promoter Shareholding Total	51.1% 51.1% 51.2% 51.1% 51.1% 48.9% 48.9% 48.9% 48.9% 48.9% 100% 100% 100% 100% 100%

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About Zensar (www.zensar.com)

Zensar is a leading digital solutions and technology services company that specialises in partnering with global organisations across industries on their Digital Transformation journey. A technology partner of choice, backed by strong track-record of innovation; credible investment in Digital solutions; assertion of commitment to client’s success, Zensar ’s comprehensive range of digital and technology services and solutions enable its customers to achieve new thresholds of business performance. Zensar, with its experience in delivering excellence and superior client satisfaction through myriad technology solutions, is uniquely positioned to help them surpass challenges around running their existing business most efficiently, helping in their legacy transformation, and planning for business expansion and growth through innovative and digital ways.

Follow Zensar via:

About RPG Enterprises (www.rpggroup.com)

RPG Enterprises, established in 1979, is one of India's fastest growing business groups with a turnover of Rs 23000 Cr. The group has diverse business interests in the areas of Infrastructure, Tyres, Pharma, IT and Specialty as well as in emerging innovation led technology businesses.

For any queries please feel reach out:

PR Contacts (Global Headquarters - India): Aradhana Prabhu Public Relations Zensar Technologies +91 9765999749 [email protected]

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forwardlooking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorised use of our intellectual property and general economic conditions affecting our industry. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

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AI assistant

Zensar Technologies Ltd. — Earnings Release 2019

61559_rns_2019-04-30_98d093be-76db-40b8-8f33-94b28ae14ad6.pdf

Final Dividend

Financial Results:

Press Release & Analyst Presentation

Change in the Board of Directors

1. Change in designation and consequent appointment of Mr. Arvind Nath Agrawal (DIN: 00193566).

Date of the 56[th] Annual General Meeting the Company as Monday, August 3, 2019 and notice thereof containing inter-alia the following:

Reconstitution of Audit Committee

Encl. As above

ADDITIONAL INFORMATION ON DIRECTORS GETTING APPOINTED/ REAPPOINTED

BRIEF PROFILES

Mr. Arvind Agrawal

Mr. Venkatesh Kasturirangan

Mr. A. T. Vaswani

Mr. Shashank Singh

Mr. Anant Vardhan Goenka

INDEPENDENT AUDITORS' REPORT TO THE BOARD OF DIRECTORS OF ZENSAR TECHNOLOGIES LIMITED

Deloitte Haskins & Sells LLP

For Deloitte Haskins & Sells LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018)

10 Results of Zensar Technologies Limited on a stand alone basis are hosted on the Company's website www.zensar.com.

INDEPENDENT AUDITORS' REPORT TO THE BOARD OF DIRECTORS OF ZENSAR TECHNOLOGIES LIMITED

Deloitte Haskins & Sells LLP

Zensar Technologies Limited

Notes:

2 Statement of Assets & Liabilities

Zensar reports 20.2% growth in PAT and 17.6% growth in revenue for FY19 Digital at 44.7% of revenue for FY19, grows at 37.7% YoY

Financial Highlights:

Significant wins in FY19:

Corporate Excellence in FY19

Industry Recognition in Q4 FY19

About Zensar (www.zensar.com)

Follow Zensar via:

About RPG Enterprises (www.rpggroup.com)

For any queries please feel free to reach out:

Safe Harbor

Safe Harbor

Company Overview

Q4 FY19 : Brief Snapshot

FY19 : Year of Growth across all parameters

Q4 FY19 : Key Achievements

Continued New Win Momentum

Digital Updates

Strengthening of brand ‘Zensar’

Revenue crosses $150M+, Headcount crosses 10,000

Trending in Key Financial Updates (US $)

QoQ Revenue Increase

Constant Currency Revenue Growth

Consistent Growth in US

Core & Digital Business Update

Total Revenue @ 4.3% CQGR, @18.5% YoY

Q4 & FY19 : Key Financials

❑ Revenue Growth

❑ EBITDA

❑ PAT

Q4 FY19 & FY 19 Financials

Q4 FY19 & FY19: Key Business Highlights

❑ Pipeline quality and Large Deals

❑ Core Business

❑ Acquired Entities – All entities register sequential growth

@ Scale winning momentum

FY19 Financials – Digital Growth

FY19 Financials – Geographical & Vertical Split

Geographical Split

Vertical Split

Constant Currency Growth:

FY19 Top Client Revenue Mix

FY19 Employee Details

Attrition

Headcount

Stock Price and Shareholding Pattern

Equity Share Information:

Shareholding Pattern (as on 31[st] March, 2019)

Analyst Recognition in the Quarter

Report Mentions:

RPG Group: Key Financials

Note:

Thank You Thanks

Zensar reports 20.2% growth in PAT and 17.6% growth in revenue for FY19 Digital at 44.7% of revenue for FY19, grows at 37.7% YoY

Zensar Technologies Ltd. Earnings Release 2019