Genpact LTD
For the period ended Apr 23, 2026. Filed Mar 11, 2026.
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Apr 23, 2026 · Filed Mar 11, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
| Filed by the Registrant ☒ | Filed by a Party other than the Registrant ☐ |
| Check the appropriate box: | |
| ☐ | Preliminary Proxy Statement |
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to 240.14a-12 |
GENPACT LIMITED
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
| Payment of Filing Fee (Check all boxes that apply): | |
| ☒ | No fee required. |
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
Balkrishan “BK” Kalra
President and
Chief Executive Officer
$5.08 BILLIONNet revenues were $5.08 billion, up 6.6% year-over-year (6.4% on a constant currency basis).1,2
$1.20 BILLIONAdvanced Technology Solutions net revenues2 were $1.20 billion, up 17.0% year-over-year.
Letter to our shareholders
March 11, 2026
Dear Shareholders,
2025 was a record and defining year for Genpact. We challenged our own playbook, intentionally disrupting ourselves to drive remarkable achievements at a remarkable pace.
Focused execution, accelerated innovation, and broad-based client demand drove $5.08 billion in net revenues, increasing 6.6% year-over-year. Advanced Technology Solutions now accounts for 24% of total revenue, accelerating 17% year-over-year to $1.2 billion. We delivered another year of healthy margin expansion, and we grew adjusted diluted earnings per share 11%, outpacing revenue growth for the fifth year in a row. These results reflect more than strong execution – they reflect a company successfully pivoting into something fundamentally different and more valuable.
2025: Executing on GenpactNext
At our Investor Day in June, we introduced GenpactNext, our strategy to establish Genpact as a global leader in agentic and Advanced Technology Solutions, built on nearly three decades of deep process, industry, and domain expertise running mission-critical operations. The GenpactNext growth model centers on three elements –Capabilities, Clients, and Catalysts– and we are executing well across each:
Capabilities. We go to market with two distinct but interconnected offerings. Advanced Technology Solutions, which includes data & AI, digital technology, advisory, and agentic solutions, grew to $1.2 billion in 2025, contributing more than half of our total revenue growth. Demand for these solutions is increasing rapidly, with our investments accelerating our ability to deliver. Our AI Gigafactory continues to scale; we now have more than 400 GenAI solutions in market, either deployed or going live, up nearly 3x from last year; and in well under a year, we closed over $200 million in total contract value for our AP Agentic Solutions alone. Our Core Business Services, which includes digital operations, decision support services, and technology services, continued to grow, increasing 3.7% in 2025, as clients look to us to do the foundational work necessary for AI transformation later – because they know there is no artificial intelligence without process intelligence.
Clients. We focus on two client segments: enterprise, which includes companies with over $10 billion in revenue, and NextGen, which captures companies with less than $10 billion in revenue today. In our enterprise client segment, we are proud to partner with more than 25% of Fortune 500 companies, many of which we have longstanding relationships with. Our NextGen clients are tomorrow's industry leaders – organizations with the ambition and trajectory to scale rapidly. Across the board, clients continue to choose Genpact because of our ability to combine data, AI, and Agentic with our deep last-mile knowledge built from decades of experience running core operations.
| 1 | Net revenue growth on a constant currency basis is a non-GAAP measure and is calculated by restating current-period activity using the prior fiscal period’s foreign currency exchange rates adjusted for hedging gains/losses in such period. |
| 2 | Advanced Technology Solutions net revenues include revenues from solutions and services focused on data and AI, digital technology, advisory, and agentic solutions. Core Business Services net revenues include revenues from decision support services and technology services as well as Digital Operations. |
| LETTER TO OUR SHAREHOLDERS
$813 MILLIONCash generated from operations of $813 million, including $170 million in client prepayments. Cash from operations was $643 million net of the client prepayments, up 4.5% year-over-year.
$401 MILLIONCapital returned to shareholders of $401 million, including $118 million in dividend payments and $283 million in share repurchases.
$3.13 per share Diluted earnings per share of $3.13, up 9.8% year-over-year.
$3.65 per shareAdjusted diluted earnings per share4 of $3.65, up 11.3% year-over-year.
Catalysts. We are further accelerating growth through investments in partnerships and AI-focused talent. Partner-related revenue grew nearly 50% year over year. Partnering with companies like AWS, Microsoft, GCP, and Databricks is accelerating our ability to drive AI-led transformation. We are embedding domain-led solutions into their tech stacks with joint go-to-market efforts and roadmaps, setting us up to rapidly scale our execution. We also continue to invest aggressively in AI talent, through both hiring technology experts and intentionally training and upskilling our teams. This is not a workforce being retrained for an uncertain future – it is a workforce already delivering AI outcomes at enterprise scale.
2025 Key Financial Highlights
Through our consistent execution of GenpactNext, we have driven meaningful outcomes for our clients, employees, and shareholders. Below are some of the key financial highlights from 2025 that demonstrate the impact of our approach:
| • | Net revenues were $5.08 billion, up 6.6% year-over-year on an as reported basis, and 6.4% on a constant currency basis;1 |
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| • | Advanced Technology Solutions net revenues2 were $1.20 billion, up 17.0% year-over-year; |
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| • | Core Business Services net revenues2 were $3.88 billion, up 3.7% year-over-year; |
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| • | Data-Tech-AI net revenues were $2.44 billion, up 9.3% year-over-year on an as reported basis, and 9.2% on a constant currency basis;1 |
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| • | Digital Operations net revenues were $2.64 billion, up 4.1% year-over-year on an as reported basis, and 3.8% on a constant currency basis;1 |
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| • | Gross profit was $1.83 billion, up 8.3% year-over-year, with a corresponding margin of 36%; |
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| • | Net income was $552 million, up 7.6% year-over-year, with a corresponding margin of 10.9%; |
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| • | Income from operations was $750 million, up 6.9% year-over-year, with a corresponding margin of 14.8%; |
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| • | Adjusted income from operations was $888 million, up 9% year-over-year, with a corresponding margin of 17.5%;3 |
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| • | Diluted earnings per share was $3.13, up 9.8% year-over-year; |
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| • | Adjusted diluted earnings per share was $3.65, up 11.3% year-over-year;4 |
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| • | Cash generated from operations was $813 million and includes $170 million in client prepayments. Cash generated from operations was $643 million net of the client prepayments, up 4.5% year-over-year; and |
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| • | Genpact repurchased approximately 6 million of its common shares for total consideration of approximately $283 million at an average price per share of $46.16. |
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| 3 | Adjusted income from operations and adjusted income from operations margin are non-GAAP measures. See Exhibit 1 to this Proxy Statement for reconciliations of each of GAAP income from operations and GAAP net income to adjusted income from operations and GAAP income from operations margin and GAAP net income margin to adjusted income from operations margin. |
| 4 | Adjusted diluted earnings per share is a non-GAAP measure. See Exhibit 1 to this Proxy Statement for a reconciliation of GAAP diluted earnings per share to adjusted diluted earnings per share. |
| LETTER TO OUR SHAREHOLDERS
2026: Leading What's Next
A new Genpact is taking shape, and we are building it with speed and intention. We are no longer the company we were two years ago.
Our opportunity ahead is significant. AI is rapidly evolving, and CxOs face a clear business imperative to translate AI and agentic investments into measurable financial outcomes. Enterprise transformation demands a parallel focus on process reengineering, data modernization, agile tech architecture with AI embedded at its core, and the discipline to unlearn legacy ways of working. This is exactly where Genpact excels – and where we continue to differentiate.
I am incredibly excited about the foundation we’ve built and what we aspire to do.
Genpact is shifting the paradigm of how knowledge work gets done. We are pioneering a new operating model – Agentic Operations – moving beyond automation to a collaborative model between agents and human experts through 1) domain-specific agents that autonomously execute tasks in reimagined processes, 2) last-mile experts that validate exceptions, train and advance models, and reinforce learnings, and 3) clear roles, skills, and governance underpinned by Responsible AI. Through Agentic Operations, we are rapidly shifting client operations from human-processed, human- validated to machine-processed, human-validated.
With our Agentic AP Suite, we built the playbook for delivering sustainable, expanding value for our clients and for Genpact – and we are just getting started. We are developing a robust product roadmap across finance, insurance, supply chain, and other clear areas of operational expertise – with ready-to-deploy agents tailored to specific process and industry use cases that deliver both efficiency and growth impact. The Insurance Policy and Record-to-Report Agentic Suites that we announced late last year are just a couple of examples.
We continue to advance our data and AI capabilities. AI Gigafactory is driving scale in how we industrialize AI adoption and shorten time-to-value. AI Maestro is creating the system of work to create, scale, and orchestrate agents in production, enabling AI builders to efficiently extend the capabilities of their teams. We are helping clients address data engineering and integration complexities, and we’re rapidly deploying GenAI solutions in market.
Genpact is uniquely positioned to help clients reimagine the most critical components of their operations – redesigning end-to-end processes, building data and AI capabilities, and operating at scale through agentic collaboration. We are not just describing what AI-led transformation should look like – we are setting the standard.
Our focus in 2026 reflects both urgency and clarity – to deliver compounding value to our clients, our employees, and our shareholders. By combining Genpact's deep process domain expertise with advanced AI and digital capabilities, we are achieving high-quality growth and a stronger long-term competitive position.
This is our story of bold, deliberate, and accelerating execution. We have never been more confident in what lies ahead.
CANON’S COURT | 22 VICTORIA STREET | HAMILTON HM 12 BERMUDA
Meeting details
Time: 12:00 p.m. Local Time
Location: 521 Fifth Avenue 14th Floor New York, NY 10175
Your vote
is important
The Board recommends that you vote “FOR” each director nominee included in Proposal No. 1 and “FOR” Proposal Nos. 2 and 3. The full text of these proposals is set forth in the accompanying proxy statement.
Annual general meeting
Finally, it is my pleasure to invite you to the 2026 Annual General Meeting of Shareholders of Genpact Limited to be held on Thursday, April 23, 2026 at our offices located at 521 Fifth Avenue, 14 th Floor, New York, NY 10175. The Annual General Meeting will begin at 12:00 p.m. local time.
The enclosed Notice of our 2026 Annual General Meeting and Proxy Statement provide important information about the matters to be considered and voted upon at the annual meeting. We hope that you will read the enclosed materials and submit your voting instructions by proxy. Voting by proxy will ensure your representation at the annual meeting even if you are unable to attend the meeting in person. The Board of Directors recommends that you vote FOR each director nominee included in Proposal No. 1 and FOR Proposal Nos. 2 and 3.
Pursuant to the Securities and Exchange Commission rules that allow users to furnish proxy materials to shareholders over the Internet instead of a printed copy of our proxy materials to all of our shareholders, we are providing access to our proxy materials by posting them on the Internet and delivering a Notice Regarding the Availability of Proxy Materials, as more fully described in the accompanying Notice of 2026 Annual General Meeting of Shareholders. This reduces the amount of paper necessary to produce these materials as well as the costs associated with mailing these materials to all shareholders. On or about March 11, 2026, we will mail our shareholders a Notice Regarding the Availability of Proxy Materials containing instructions on how to access or request copies of our proxy materials and our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
Your vote is very important to us. Whether or not you plan to attend the annual meeting, we ask that you vote as soon as possible. Please review the instructions on the Notice Regarding the Availability of Proxy Materials or, if you request printed copies of the proxy materials, the enclosed proxy card regarding each of your voting options.
Thank you for your ongoing support of and continued interest in Genpact.
Sincerely,
Balkrishan “BK” Kalra President and Chief Executive Officer
CANON’S COURT | 22 VICTORIA STREET | HAMILTON HM 12 BERMUDA
Meeting details
Time: 12:00 p.m. Local Time
Location: 521 Fifth Avenue 14th Floor New York, NY 10175
Your vote
is important
The Board recommends that you vote “FOR” each director nominee included in Proposal No. 1 and “FOR” Proposal Nos. 2 and 3. The full text of these proposals is set forth in the accompanying proxy statement.
Notice of 2026 annual general meeting
of shareholders
Meeting agenda
| (1) | Elect ten (10) directors to hold office until the next annual election or the election and qualification of their successors; |
| (2) | Approve, on a non-binding, advisory basis, the compensation of our named executive officers; |
| (3) | Approve the appointment of KPMG Assurance and Consulting Services LLP (“KPMG”) as our independent registered public accounting firm for the fiscal year ending December 31, 2026; and |
| (4) | Transact such other business as may properly come before the annual meeting or any postponement or adjournment thereof. |
CANON’S COURT | 22 VICTORIA STREET | HAMILTON HM 12 BERMUDA
Important Notice Regarding the Availability ofProxy Materials for the Annual Meeting to be heldon April 23, 2026: The Company’s proxy statementand Annual Report on Form 10-K are available at www.genpact.com.
Voting instructions
Shareholders of record at the close of business on February 27, 2026 are entitled to vote at the annual meeting.
Your vote is important regardless of the number of shares you own.
We have elected to use the notice and access rules adopted by the Securities and Exchange Commission to provide many of our shareholders access to our proxy materials and our Annual Report on Form 10-K by notifying you of the availability of our proxy materials and our Annual Report on Form 10-K via the Internet. The notice and access model provides the Company with a fast, efficient and lower-cost way to furnish shareholders with their proxy materials and reduces our impact on the environment. As a result, on or about March 11, 2026, we will mail our shareholders a “Notice Regarding the Availability of Proxy Materials” (the “Notice”) with instructions for how to access the proxy materials and our Annual Report on Form 10-K via the Internet (or how to request a paper copy) and how to vote online. We will also deliver printed versions of the proxy materials to shareholders who request paper copies of the proxy materials. On the date of mailing of the Notice, all shareholders will be able to access the proxy materials on a website referred to, and at the URL address included in, the Notice and in the proxy statement. These proxy materials will be available free of charge.
Whether you expect to attend the annual meeting or not, please vote your shares online or, if you request printed copies of the proxy materials, by mail or telephone. Your prompt response will ensure that your shares are represented at the annual meeting. You can change your vote and revoke your proxy at any time before the polls close at the annual meeting by following the procedures described in the accompanying proxy statement.
Please let us know if you plan to attend the annual meeting.
By order of the Board of Directors,
Sydney Schaub
Corporate Secretary
March 11, 2026
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.