16 December 2025
WNS (HOLDINGS) LTD
10-K / May 13, 2025
Company Overview - WNS (Holdings) Limited
Business Nature & Services
WNS (Holdings) Limited is a global leader in digital business transformation and managed services. The company offers a combination of strategy, execution, and managed services utilizing specialized domain knowledge, data analytics, advanced technologies such as AI—including Generative AI (Gen AI)—automation, and a global talent pool. The goal is to deliver digitally enabled, transformational solutions and measurable business outcomes for clients across various industries.
Industries Served
- Insurance
- Manufacturing & Retail & Consumer Packaged Goods (CPG)
- Travel & Leisure
- Healthcare & Life Sciences
- Banking & Financial Services (BFSI)
- Shipping & Logistics
- Utilities & Power & Water
- Hi-Tech & Professional Services
Key Business Structure
- The company operates through four strategic business units (SBUs), each led by a Chief Business Officer for industry-specific focus:
- TSLU: Travel, Shipping, Utilities
- MRHP: Manufacturing, Retail, CPG, Media, Hi-Tech & Professional Services
- HCLS: Healthcare & Life Sciences
- BFSI: Banking & Financial Services, Insurance
Headquarters & Employees
- Headquartered in New York, London, and Mumbai.
- Over 64,000 employees globally.
Financial Highlights (as of Fiscal Year ending March 31, 2025)
- Total outstanding shares: 46,416,689 (as of May 5, 2025)
- Market value of shares held by non-affiliates: approximately $2,427.24 million (based on share price of $52.71 on NYSE as of September 30, 2024).
- Revenue: Not explicitly stated in the excerpt, but revenue is derived from a diverse client base with over 700 clients contributing more than $0.01 million each annually.
- Revenue from top clients: A few major clients contribute a significant portion — for instance, in fiscal 2024, one of the top five clients contributed between 4.1% and 7.9%.
- Employee count: Over 64,000 employees worldwide.
Revenue Composition & Growth
- In fiscal 2025, approximately 28.8% of revenue was generated through non-linear pricing models, which are effort de-linked, indicating a shift toward digital/technology-led revenue streams.
- The company’s revenue sources are diversified across industries and geographies, with significant contributions from insurance, shipping & logistics, and travel & leisure sectors.
Core Capabilities & Offerings
- Domain-specific solutions supported by proprietary platforms and digital accelerators (e.g., WNS TRAC, EXPIRIUS, FIAB, WNS-Vuram).
- Advanced analytics, AI including Gen AI, automation, and industry-specific platforms for targeted business outcomes.
- Business transformation services including consulting, data management, automation, customer experience, human resources, finance & accounting, procurement, and more.
Strategic Focus
- Expansion of digital and AI capabilities, client relationship deepening, market visibility, and growth via acquisitions and global delivery.
- Emphasis on outcome-based, value-driven commercial models.
Client Base
- As of March 31, 2025, over 700 clients worldwide.
- Diversified across various industries and regions, with a significant number of clients contributing over $1 million annually.
Competitive Position
- Recognized as a leading provider with deep domain expertise, proprietary technological solutions, and flexible delivery models supporting large, complex transformation deals.
- Competes with firms like Accenture, Cognizant, Infosys, TCS, Genpact, Deloitte, and others in the global BPM and outsourcing space.
Summary
WNS is a large, digitally driven business process management and transformation service provider serving over 700 clients globally with a workforce of over 64,000 employees. It operates across multiple industries with a focus on innovative, technology-enabled solutions, including AI and automation, to deliver measurable business outcomes, supported by proprietary platforms and a diversified revenue base.
