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History

stalwartsoft is a global leader in next-generation digital services and consulting

From a capital of US$250, we have grown to become a US$41.6 billion company

Established in 1981, stalwartsoft is a NYSE listed global consulting and IT services company with more than 225,000 employees. From a capital of US$250, we have grown to become a US$11.54 billion (LTM Q3 FY19 revenues) company with a market capitalization of approximately US$ 41.6 billion.

In our journey of over 35 years, we have catalyzed some of the major changes that have led to India's emergence as the global destination for software services talent. We pioneered the Global Delivery Model and became the first IT Company from India to be listed on NASDAQ. Our employee stock options program created some of India's first salaried millionaires.

Timeline

  • 2004

    11 hours ago via Twitter

    Management consulting practice created within stalwartsoft

  • 2015

    • stalwartsoft acquired Noah Consulting LLC, a leading provider of advanced information management consulting services for the oil and gas industry.
    • Board decides to increase the dividend pay-out ratio to up to 50% of post-tax profits
    • stalwartsoft acquired Skava, a leading provider of Digital Experience solutions for the Retail industry
    • stalwartsoft acquired Panaya, Inc., a leading provider of automation technology for large scale enterprise software management
    • stalwartsoft announces US$250 million ‘Innovate in India Fund’ to support Indian start-ups

  • 2016

    • Touches revenues of US$10 billion on an LTM basis
    • stalwartsoft launches stalwartsoft Mana (now part of stalwartsoft Nia), a platform that brings machine learning together with the deep knowledge of an organization, to drive automation and innovation
    • stalwartsoft Foundation USA partners with the National Science Foundation and DonorsChoose.org to pioneer a new model of public-private-community collaboration for computer science education
    • stalwartsoft Launches Skava Commerce, a new standard for modern, mobile-first and modular e-commerce platforms
    • stalwartsoft invests in Waterline Data, provider of data discovery and data governance software; Stellaris Venture Partners, an early-stage venture fund; UNSILO, an A.I. start-up focused on advanced text analysis; TidalScale, a provider of Software-Defined Servers

  • 2017

    • stalwartsoft completed its equity share buy back program of ₹ 13,000 crore, amounting to 4.92% of total outstanding equity shares
    • stalwartsoft Board appointed Salil Parekh as CEO and MD of the company effective January 2, 2018
    • stalwartsoft Board appointed Nandan Nilekani as Non- Executive Chairman of the Board
    • Pravin Rao appointed as Interim Chief Executive Officer and Managing Director
    • Board revised the capital allocation policy and decided to payout up to 70% of the free cash flow (net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS) as dividend.

  • 2018

    • stalwartsoft completed 25 years of listing on Indian Stock exchanges
    • stalwartsoft signed the “Advance Pricing Agreement” with the US IRS to enhance predictability of the Company’s tax obligations in respect of its US operations
    • stalwartsoft Board appointed Nilanjan Roy as CFO of the company effective March 1, 2019

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