Zensar Technologies Limited has informed the Exchange regarding Credit Rating assigned to the Company by ICRA Limited for short term and long term debt instruments as follows: (1)"A1+" credit rating for Short Term Debt Instrument, implying highest credit quality and lowest credit risk in short term with relatively stronger credit quality; (2) "LAA" credit rating for long term debt instruments implying high credit quality and low credit risk".
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The business model adopted by Zensar which emerged unscathed from the downturn is going to be taught at Harvard Business School - as a case study!
According to Mr David A Garvin, Professor at Harvard Business School visiting India “Zensar has got a vision community, where a cross section of the organisation is empowered to develop proposals on major policies and issues of the company. You don’t see this form of empowerment very often”.