10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Quarterly Period ended June 30, 2012

Or

¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Transition Period from             to            

Commission file number: 001-33626

GENPACT LIMITED

(Exact name of registrant as specified in its charter)

Bermuda	98-0533350
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

Canon’s Court

22 Victoria Street

Hamilton HM 12

Bermuda

(441) 295-2244

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive office)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of “accelerated filer”, “large accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

The number of the registrant’s common shares, par value $0.01 per share, outstanding as of July 27, 2012 was 223,116,542.

TABLE OF CONTENTS

Item No.			Page No.
PART I
	Financial Information
	1.	Financial Statements
		Unaudited Consolidated Financial Statements
		Consolidated Balance Sheets as of December 31, 2011 and June 30, 2012		1
		Consolidated Statements of Income for the three months and six months ended June 30, 2011 and 2012		3
		Consolidated Statements of Comprehensive Income (Loss) for the three months and six months ended June  30, 2011 and 2012		4
		Consolidated Statements of Equity for the six months ended June 30, 2011 and 2012		5
		Consolidated Statements of Cash Flows for the six months ended June 30, 2011 and 2012		7
		Notes to the Consolidated Financial Statements		8
	2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		30
	3.	Quantitative and Qualitative Disclosures About Market Risk		45
	4.	Controls and Procedures		45
PART II	Other Information
	1.	Legal Proceedings		45
	1A.	Risk Factors		45
	2.	Unregistered Sales of Equity Securities and Use of Proceeds		48
	3.	Defaults upon Senior Securities		48
	5.	Other Information		48
	6.	Exhibits		49
SIGNATURES				50

i

GENPACT LIMITED AND ITS SUBSIDIARIES

Consolidated Balance Sheets

(Unaudited)

(In thousands, except per share data and share count)

			As of December 31,		June 30,
	Notes		2011		2012
Assets
Current assets
Cash and cash equivalents		4	$	408,020	$	436,310
Accounts receivable, net		5		258,498		427,576
Accounts receivable from related party, net		5		143,921		190
Short term deposits				—		5,249
Deferred tax assets		19		46,949		55,458
Due from related party				10		—
Prepaid expenses and other current assets				127,721		159,934
Total current assets			$	985,119	$	1,084,717
Property, plant and equipment, net		8		180,504		180,521
Deferred tax assets		19		91,880		112,271
Investment in equity affiliates		20		220		356
Customer-related intangible assets, net		9		85,987		88,316
Marketing-related intangible assets, net		9		24,240		23,015
Other intangible assets, net		9		3,061		2,961
Goodwill		9		925,339		922,160
Other assets				107,037		112,766
Total assets			$	2,403,387	$	2,527,083

See accompanying notes to the Consolidated Financial Statements.

1

GENPACT LIMITED AND ITS SUBSIDIARIES

Consolidated Balance Sheets

(Unaudited)

(In thousands, except per share data and share count)

			As of December 31,			As of June 30,
	Notes		2011			2012
Liabilities and equity
Current liabilities
Short-term borrowings		13	$	252,000		$	251,000
Current portion of long-term debt		14		29,012			29,173
Current portion of capital lease obligations				1,005			1,415
Current portion of capital lease obligations payable to related party				762			—
Accounts payable				20,951			13,848
Income taxes payable		19		20,118			50,844
Deferred tax liabilities		19		35			194
Due to related party				464			—
Accrued expenses and other current liabilities				337,481			355,103
Total current liabilities			$	661,828		$	701,577
Long-term debt, less current portion		14		73,930			59,300
Capital lease obligations, less current portion				846			1,928
Capital lease obligations payable to related party, less current portion				855			—
Deferred tax liabilities		19		1,905			3,251
Due to related party				9,154			—
Other liabilities				219,186			304,233
Total liabilities			$	967,704		$	1,070,289
Shareholders’ equity
Preferred shares, $0.01 par value, 250,000,000 authorized, none issued				—			—
Common shares, $0.01 par value, 500,000,000 authorized, 222,347,968 and 222,997,072 issued and outstanding as of December 31, 2011 and June 30, 2012, respectively				2,222			2,228
Additional paid-in capital				1,146,203			1,165,819
Retained earnings				605,386			705,026
Accumulated other comprehensive income (loss)				(320,753	)		(419,458	)
Genpact Limited shareholders’ equity			$	1,433,058		$	1,453,615
Noncontrolling interest				2,625			3,179
Total equity			$	1,435,683		$	1,456,794
Commitments and contingencies		21
Total liabilities and equity			$	2,403,387		$	2,527,083

See accompanying notes to the Consolidated Financial Statements.

2

GENPACT LIMITED AND ITS SUBSIDIARIES

Consolidated Statements of Income

(Unaudited)

(In thousands, except per share data and share count)

			Three months ended June 30,						Six months ended June 30,
	Notes		2011			2012			2011			2012
Net revenues
Net revenues from services—related party		20	$	122,783		$	162		$	235,744		$	317
Net revenues from services—others				274,840			467,469			492,432			902,793
Total net revenues				397,623			467,631			728,176			903,110
Cost of revenue
Services		15, 20		254,030			285,222			468,517			550,687
Total cost of revenue				254,030			285,222			468,517			550,687
Gross profit			$	143,593		$	182,409		$	259,659		$	352,423
Operating expenses:
Selling, general and administrative expenses		16, 20		86,724			114,253			154,165			219,258
Amortization of acquired intangible assets		9		5,140			5,790			8,217			11,080
Other operating (income) expense, net		17		665			(801	)		(291	)		(1,513	)
Income from operations			$	51,064		$	63,167		$	97,568		$	123,598
Foreign exchange (gains) losses, net				(1,130	)		(21,977	)		(2,697	)		(18,306	)
Other income (expense), net		18, 20		3,026			(699	)		6,124			(823	)
Income before Equity-method investment activity, net and income tax expense			$	55,220		$	84,445		$	106,389		$	141,081
Equity-method investment activity, net				134			13			267			26
Income before income tax expense			$	55,086		$	84,432		$	106,122		$	141,055
Income tax expense		19		14,357			21,633			27,479			38,000
Net Income			$	40,729		$	62,799		$	78,643		$	103,055
Net income attributable to noncontrolling interest				1,720			1,699			3,514			3,415
Net income attributable to Genpact Limited shareholders			$	39,009		$	61,100		$	75,129		$	99,640
Net income available to Genpact Limited common shareholders		12	$	39,009		$	61,100		$	75,129		$	99,640
Earnings per common share attributable to Genpact Limited common shareholders		12
Basic			$	0.18		$	0.27		$	0.34		$	0.45
Diluted			$	0.17		$	0.27		$	0.33		$	0.44
Weighted average number of common shares used in computing earnings per common share attributable to Genpact Limited common shareholders
Basic				221,297,842			223,182,251			221,153,301			222,996,243
Diluted				226,146,388			227,880,427			225,844,839			227,676,670

See accompanying notes to the Consolidated Financial Statements.

3

GENPACT LIMITED AND ITS SUBSIDIARIES

Consolidated Statements of Comprehensive Income (Loss)

(Unaudited)

(In thousands)

	Three months ended June 30,											Six months ended June 30,
	2011					2012						2011					2012
	Genpact Limited Shareholders			Noncontrolling interest		Genpact Limited Shareholders			Noncontrolling interest			Genpact Limited Shareholders			Noncontrolling interest		Genpact Limited Shareholders			Noncontrolling interest
Net Income		39,009			1,720		61,100			1,699			75,129			3,514		99,640			3,415
Other comprehensive income:
Currency translation adjustments		13,463			121		(108,619	)		(136	)		21,055			215		(65,464	)		(99	)
Net unrealized income (loss) on cash flow hedging derivatives, net of taxes		19,304			—		(77,768	)		—			37,601			—		(33,241	)		—
Net unrealized gain (loss) on investment in U.S. Treasury bills		(15	)		—		—			—			(11	)		—		—			—
Other comprehensive income (loss)		32,752			121		(186,387	)		(136	)		58,645			215		(98,705	)		(99	)
Comprehensive income (loss)		71,761			1,841		(125,287	)		1,563			133,774			3,729		935			3,316

See accompanying notes to the Consolidated Financial Statements.

4

GENPACT LIMITED AND ITS SUBSIDIARIES

Consolidated Statements of Equity

(Unaudited)

(In thousands, except share data)

	Genpact Limited Shareholders
	Common shares				Additional			Retained		Accumulated Other Comprehensive			Non controlling
	No. of shares		Amount		Paid-in Capital			Earnings		Income (loss)			interest			Total Equity
Balance as of January 1, 2011		220,916,960	$	2,208	$	1,105,610		$	421,092	$	(50,238	)	$	2,570		$	1,481,242
Issuance of common shares on exercise of options (Note 11)		529,426		5		5,667			—		—			—			5,672
Issuance of common shares under the employee share purchase plan (Note 11)		23,579		—		318			—		—			—			318
Issuance of common shares on vesting of restricted share units (Note 11)		87,500		1		(1	)		—		—			—			—
Distribution to noncontrolling interest		—		—		—			—		—			(3,196	)		(3,196	)
Stock-based compensation expense (Note 11)		—		—		8,559			—		—			—			8,559
Comprehensive income:
Net income		—		—		—			75,129		—			3,514			78,643
Other comprehensive income		—		—		—			—		58,645			215			58,860
Balance as of June 30, 2011		221,557,465	$	2,214	$	1,120,153		$	496,221	$	8,407		$	3,103		$	1,630,098

See accompanying notes to the Consolidated Financial Statements.

5

GENPACT LIMITED AND ITS SUBSIDIARIES

Consolidated Statements of Equity

(Unaudited)

(In thousands, except share data)

	Genpact Limited Shareholders
	Common shares				Additional Paid-in			Retained		Accumulated Other Comprehensive			Non controlling
	No. of Shares		Amount		Capital			Earnings		Income (loss)			interest			Total Equity
Balance as of January 1, 2012		222,347,968	$	2,222	$	1,146,203		$	605,386	$	(320,753	)	$	2,625		$	1,435,683
Issuance of common shares on exercise of options (Note 11)		375,088		4		3,146			—		—			—			3,150
Issuance of common shares under the employee share purchase plan (Note 11)		44,916		—		638			—		—			—			638
Net settlement on vesting of restricted share units (Note 11)		229,100		2		(1,411	)		—		—			—			(1,409	)
Distribution to noncontrolling interest		—		—		—			—		—			(2,762	)		(2,762	)
Stock-based compensation expense (Note 11)		—		—		17,243			—		—			—			17,243
Comprehensive income:
Net income		—		—		—			99,640		—			3,415			103,055
Other comprehensive income		—		—		—			—		(98,705	)		(99	)		(98,804	)
Balance as of June 30, 2012		222,997,072	$	2,228	$	1,165,819		$	705,026	$	(419,458	)	$	3,179		$	1,456,794

See accompanying notes to the Consolidated Financial Statements.

6

GENPACT LIMITED AND ITS SUBSIDIARIES

Consolidated Statements of Cash Flows

(Unaudited)

(In thousands)

	Six months ended June 30,
	2011			2012
Operating activities
Net income attributable to Genpact Limited shareholders	$	75,129		$	99,640
Net income attributable to noncontrolling interest		3,514			3,415
Net Income	$	78,643		$	103,055
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation and amortization		29,005			28,145
Amortization of debt issue costs		554			1,307
Amortization of acquired intangible assets		8,300			11,118
Reserve for doubtful receivables		1,853			(151	)
Reserve for mortgage loans		—			107
Unrealized (gain) loss on revaluation of foreign currency asset/liability		(45	)		(18,962	)
Equity-method investment activity, net		267			26
Stock-based compensation expense		8,559			17,243
Deferred income taxes		(2,579	)		(8,728	)
Others, net		1,400			90
Change in operating assets and liabilities:
Increase in accounts receivable		(24,647	)		(16,791	)
Increase in other assets		(33,122	)		(36,308	)
Decrease in accounts payable		(2,374	)		(5,076	)
Decrease in accrued expenses and other current liabilities		(13,506	)		(1,321	)
Increase in income taxes payable		24,092			30,611
Increase in other liabilities		5,632			27,707
Net cash provided by operating activities	$	82,032		$	132,072
Investing activities
Purchase of property, plant and equipment		(12,106	)		(41,602	)
Proceeds from sale of property, plant and equipment		479			283
Investment in affiliates		—			(205	)
Purchase of short term investments		(129,458	)		—
Proceeds from sale of short term investments		206,443			—
Short term deposits placed		—			(26,493	)
Redemption of short term deposits		—			20,410
Payment for business acquisitions, net of cash acquired		(561,075	)		(36,927	)
Net cash provided by (used for) investing activities	$	(495,717	)	$	(84,534	)
Financing activities
Repayment of capital lease obligations		(1,500	)		(1,162	)
Proceeds from long-term debt		120,000			—
Repayment of long-term debt		(25,000	)		(15,000	)
Short-term borrowings, net		252,000			(1,000	)
Proceeds from issuance of common shares under stock based compensation plans		5,989			3,788
Payment for net settlement of stock based awards		—			(1,409	)
Direct cost incurred in relation to Debt		(8,315	)		—
Distribution to non-controlling interest		(3,196	)		(2,762	)
Net cash provided by (used for) financing activities	$	339,978		$	(17,545	)
Effect of exchange rate changes		6,075			(1,703	)
Net increase (decrease) in cash and cash equivalents		(73,707	)		29,993
Cash and cash equivalents at the beginning of the period		404,034			408,020
Cash and cash equivalents at the end of the period	$	336,402		$	436,310
Supplementary information
Cash paid during the period for interest	$	1,509		$	4,212
Cash paid during the period for income taxes	$	23,498		$	40,266
Property, plant and equipment acquired under capital lease obligation	$	758		$	1,178

See accompanying notes to the Consolidated Financial Statements.

7

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

1. Organization

Nature of Operations

We are a global leader in business process management and technology services, leveraging the power of smarter processes, smarter analytics and smarter technology to help our clients drive intelligence across the enterprise. We believe our Smart Enterprise Processes (SEP^SM) framework, our unique science of process combined with deep domain expertise in multiple industry verticals, leads to superior business outcomes. Our Smart Decision Services deliver valuable business insights to our clients through targeted analytics, re-engineering expertise, and advanced risk management. Making technology more intelligent by embedding it with process and data insights, we also offer a wide range of technology services. Driven by a passion for process innovation and operational excellence built on our Lean and Six Sigma DNA and the legacy of serving GE for more than 15 years, our 58,500+ professionals around the globe deliver services to more than 600 clients from a network of 68 delivery centers across 18 countries supporting more than 30 languages.

Prior to December 30, 2004, the business of the Company was conducted through various entities and divisions of the General Electric Company (“GE”). On December 30, 2004, in a series of transactions referred to as the “2004 Reorganization”, GE transferred such operations to the Company. In August 2007, the Company completed an initial public offering of its common shares, pursuant to which the Company and certain of its existing shareholders each sold 17,647,059 common shares. On March 24, 2010, the Company completed a secondary offering pursuant to which GE’s shareholding in the Company decreased to 9.1% and it ceased to be a significant shareholder, although it continued to be a related party. GE’s shareholding has subsequently further declined to less than 5.0%, as a result of which GE is no longer considered a related party.

2. Summary of significant accounting policies

(a) Basis of preparation and principles of consolidation

The unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and the rules and regulations of the Securities and Exchange Commission for reporting on Form 10-Q. Accordingly, they do not include certain information and footnote disclosures required by generally accepted accounting principles for annual financial reporting and should be read in conjunction with the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.

The unaudited interim consolidated financial statements reflect all adjustments that management considers necessary for a fair presentation of the results of operations for these periods. The results of operations for the interim periods are not necessarily indicative of the results for the full year.

The accompanying unaudited interim consolidated financial statements have been prepared on a consolidated basis and reflect the financial statements of Genpact Limited and all of its subsidiaries that are more than 50% owned and controlled. When the Company does not have a controlling interest in an entity, but exerts a significant influence on the entity, the Company applies the equity method of accounting. All inter-company transactions and balances are eliminated in consolidation.

The noncontrolling interest disclosed in the accompanying unaudited interim consolidated financial statements represents the noncontrolling partners’ interest in the operation of Genpact Netherlands B.V. and noncontrolling shareholders’ interest in the operation of Hello Communications (Shanghai) Co., Ltd. and the profits or losses associated with the noncontrolling interest in those operations. The noncontrolling partners of Genpact Netherlands B.V. are individually liable for the tax obligations on their share of profit as it is a partnership and, accordingly, noncontrolling interest relating to Genpact Netherlands B.V. has been computed prior to tax and disclosed accordingly in the unaudited interim consolidated statements of income.

8

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

2. Summary of significant accounting policies (Continued)

(b) Use of estimates

The preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Significant items subject to such estimates and assumptions include the useful lives of property, plant and equipment, the carrying amount of property, plant and equipment, intangibles and goodwill, the reserve for doubtful receivables and the valuation allowance for deferred tax assets, the valuation of derivative financial instruments, the measurements of stock-based compensation, assets and obligations related to employee benefits, income tax uncertainties and other contingencies. Management believes that the estimates used in the preparation of the consolidated financial statements are reasonable. Although these estimates are based upon management’s best knowledge of current events and actions, actual results could differ from these estimates. Any changes in estimates are adjusted prospectively in the consolidated financial statements.

(c) Business combinations, goodwill and other intangible assets

The Company accounts for its business combinations by recognizing the identifiable tangible and intangible assets and liabilities assumed, and any noncontrolling interest in the acquired business, measured at their acquisition date fair values. Contingent consideration is included within the acquisition cost and is recognized at its fair value on acquisition date. A liability resulting from contingent consideration is remeasured to fair value at each reporting date until the contingency is resolved. Changes in fair value are recognized in earnings. All assets and liabilities of the acquired businesses, including goodwill, are assigned to reporting units.

Goodwill represents the cost of the acquired businesses in excess of the fair value of identifiable tangible and intangible net assets purchased. Goodwill is not amortized but is tested for impairment at least on an annual basis on December 31, based on a number of factors including operating results, business plans and future cash flows. The Company performs an assessment of qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Based on the assessment of events or circumstances, the Company performs the quantitative assessment of goodwill impairment if it determines that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If based on the quantitative impairment analysis the carrying value of the goodwill of the Company exceeds the fair value of that goodwill, an impairment loss is recognized in an amount equal to the excess. In addition, the Company shall perform the qualitative assessment of Goodwill impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of the Company below its carrying amount.

Intangible assets acquired individually or with a group of other assets or in a business combination are carried at cost less accumulated amortization based on their estimated useful lives as follows:

Customer-related intangible assets	2-14 years
Marketing-related intangible assets	1-10 years
Contract-related intangible assets	1 year
Other intangible assets	3-9 years

Intangible assets are amortized over their estimated useful lives using a method of amortization that reflects the pattern in which the economic benefits of the intangible assets are consumed or otherwise realized.

In business combinations, where the fair value of identifiable tangible and intangible net assets purchased exceeds the cost of the acquired business, the Company recognizes the resulting gain on the acquisition date and reports it under ‘Other operating (income) expense, net’ in the Consolidated Statements of Income.

9

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

2. Summary of significant accounting policies (Continued)

(d) Financial instruments and concentration of credit risk

Financial instruments that potentially subject the Company to concentration of credit risk are reflected principally in cash and cash equivalents, short term deposits, derivative financial instruments and accounts receivable. The Company places its cash and cash equivalents and derivative financial instruments with corporations and banks with high investment grade ratings, limits the amount of credit exposure with any one corporation or bank and conducts ongoing evaluation of the credit worthiness of the corporations and banks with which it does business. Short term deposits are with GE. To reduce its credit risk on accounts receivable, the Company performs an ongoing credit evaluation of customers. GE accounted for 36% and 33% of receivables as of December 31, 2011 and June 30, 2012, respectively. GE accounted for 32% and 27% of revenues for the six months ended June 30, 2011 and 2012, respectively, and for 31% and 27% of revenues for the three months ended June 30, 2011 and 2012, respectively.

(e) Recently adopted accounting pronouncements

The authoritative bodies release standards and guidance which are assessed by management for impact on the Company’s consolidated financial statements.

The following recently released accounting standards have been adopted by the Company and certain disclosures in the consolidated financial statements and footnotes to the consolidated financial statements have been modified. Adoption of these standards did not have a material impact on the consolidated results of operations, cash flows, financial position or disclosures:

• In September 2011, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update No. (“ASU”) 2011-08, “Testing Goodwill for Impairment”. The objective of this update is to simplify how entities test goodwill for impairment. This update permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. The update is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted, including for annual and interim goodwill impairment tests performed as of a date before September 15, 2011. Effective January 1, 2012, the Company adopted ASU 2011-08.

• In June 2011, the FASB issued ASU No. 2011-05 – “Comprehensive Income (Topic 220): Presentation of Comprehensive Income”, amended by ASU 2011-12 issued in December 2011, an amendment to the existing guidance on the presentation of comprehensive income. Under the amended guidance, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This update eliminates the option in U.S. GAAP to present other comprehensive income in the statement of changes in equity. The amendments are effective on a retrospective basis for fiscal years, and interim periods within those years, beginning on or after December 15, 2011. Effective January 1, 2012, the Company adopted ASU 2011-05.

• In May 2011, the FASB issued amendments to the existing guidance on fair value measurement in Accounting Standards Update No. 2011-04 — “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs”. The amendments are intended to create consistency between U.S. generally accepted accounting principles and International Financial Reporting Standards on measuring fair value and disclosing information about fair value measurements. The amendments clarify the application of existing fair value measurement requirements including (i) the application of the highest and best use valuation premise concepts, (ii) measuring the fair value of an instrument classified in a reporting entity’s shareholders’ equity, and (iii) quantitative information required for fair value measurements categorized within Level 3. In addition, the amendments require additional disclosure for Level 3 measurements regarding the sensitivity of fair value to changes in unobservable inputs and any interrelationships between those inputs. The amendments in this update are effective for fiscal years, and interim periods beginning on or after December 15, 2011. These changes are required to be applied prospectively. Effective January 1, 2012, the Company adopted ASU 2011-04.

10

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

3. Business acquisitions

(a) Headstrong Corporation

On May 3, 2011, the Company acquired 100% of the outstanding common shares of Headstrong Corporation, a Delaware corporation (“Headstrong”) for $550,000 in cash subject to adjustment based on closing date net working capital, funded indebtedness, seller expenses and amount of cash and cash equivalents. During the six months ended June 30, 2012, the purchase consideration for the acquisition has been adjusted for closing working capital and final settlement of seller expenses. As part of acquisition, the total amount paid by the Company, net of $25,845 of cash acquired, is $558,363 (including $19,205 of seller expenses). There are no contingent consideration arrangements in connection with the acquisition. Pursuant to the terms of the acquisition agreement and final settlement with the sellers, the purchase consideration comprised the following:

Enterprise value	$	550,000
Net working capital adjustment		8,363
Cash and cash equivalents		25,845
Funded Indebtedness		—
Seller expenses liability		(19,205	)
Total purchase price	$	565,003

As part of the acquisition, the total amount paid by the Company, net of $25,845 of cash acquired, is $558,363 (including $19,205 of seller expenses).

Headstrong is a global provider of comprehensive consulting and IT services with a specialized focus in capital markets and healthcare. With this acquisition, the Company acquired critical domain and technology expertise in the capital markets industry vertical.

The acquisition has been accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations. The assets and liabilities of Headstrong were recorded at fair value at the date of acquisition. During the current period the Company has adjusted the fair value of assets and liabilities recorded as of the date of acquisition with a corresponding adjustment to goodwill for measurement period adjustments. The following table summarizes the final allocation of the purchase price based on the fair value of the assets acquired and the liabilities assumed as a result of the Headstrong acquisition:

Cash consideration	$	565,003
Acquisition related costs included in selling, general and administrative expenses		5,616
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	25,845
Current assets		62,121
Tangible fixed assets		14,634
Intangible assets		91,020
Deferred tax assets, net		21,748
Other non-current assets		11,968
Current liabilities		(42,815	)
Long term liabilities		(6,274	)
Total identifiable net assets acquired	$	178,247
Goodwill		386,756
Total	$	565,003

The fair value of the current assets acquired includes trade receivables with a fair value of $56,257. The gross amount due is $56,497, of which $240 is expected to be uncollectable.

The following table summarizes the final amounts recognized for assets acquired and liabilities assumed as of the acquisition date, as well as adjustments made during the measurement period to the amounts initially recorded (measurement period adjustments). The measurement period adjustments did not have a significant impact on our consolidated statements of income, balance sheets or cash flows in any period and, thus, were recorded in the consolidated balance sheet as of June 30, 2012.

11

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

3. Business acquisitions (Continued)

	Amounts recognized as of Acquisition Date(Provisional)		Measurement Period Adjustments			Amounts recognized as of Acquisition Date(Final)
Cash and Cash equivalents		25,845		—			25,845
Net assets acquired, other than cash and cash equivalents		149,281		3,121			152,402
Goodwill		389,969		(3,213	)		386,756
Total purchase price	$	565,095	$	(92	)	$	565,003

Goodwill represents the excess of the purchase price over the fair value of the net assets (including deferred taxes) acquired and is not deductible for tax purposes. The acquisition of Headstrong resulted in the addition of a new reporting unit to the Company and accordingly the acquisition related goodwill has been allocated to such new reporting unit. The amortizable intangible assets are being amortized over their estimated useful lives using a method of amortization that reflects the pattern in which the economic benefits of the intangible assets are consumed or otherwise realized. The fair value and estimated useful lives of the intangibles are as follows:

	Fair value		Estimated useful life
Customer related intangibles	$	68,450		2 to 11 years
Marketing related intangibles		21,820		10 years
Other intangibles		750		7 years

The weighted average amortization period in respect of the acquired intangible assets is 10 years.

(b) Accounting Plaza B.V

On April 25, 2012, the Company acquired 100% of the outstanding shares of Accounting Plaza B.V., a private limited liability company incorporated under the laws of the Netherlands (“Accounting Plaza”), for cash consideration of $38,698 subject to adjustments based on transfer of pension funds, underfunding in pension funds, sellers warranty breaches including certain other transactions and transaction costs. As of June 30, 2012, the purchase consideration for the acquisition is pending finalization of the aforesaid adjustments. There are no contingent consideration arrangements in connection with the acquisition.

As per the terms of the acquisition agreement with sellers, the preliminary estimated purchase consideration as of June 30, 2012 comprised the following:

Initial consideration	$	38,698
Estimated adjustment for transfer of pension funds		—
Estimated adjustment for underfunding in pension funds		—
Estimated adjustment for sellers warranty breaches and certain other transactions		—
Estimated adjustment for transaction costs		(107	)
Preliminary estimated purchase consideration	$	38,591

Accounting Plaza is a provider of finance and accounting, human resources and PeopleSoft ERP services. This acquisition strengthens the Company’s domain expertise in the retail industry and significantly expands its presence in Europe.

12

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

3. Business acquisitions (Continued)

The acquisition has been accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations. The assets and liabilities of Accounting Plaza were recorded at fair value as of the date of acquisition. The Company will continue to evaluate certain assets and liabilities as new information is obtained about facts and circumstances that existed as of the acquisition date and, if known, would have resulted in the recognition of those assets and liabilities as of that date. Changes to the assets and liabilities recorded may result in a corresponding adjustment to goodwill, and the measurement period will not exceed one year from the acquisition date. The following table summarizes the preliminary allocation of the preliminary estimated purchase consideration based on the fair value of the assets acquired and the liabilities assumed as of the date of acquisition:

Preliminary estimated purchase consideration	$	38,591
Acquisition related costs included in selling, general and administrative expenses		434
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	1,664
Current assets		11,327
Tangible fixed assets		2,010
Intangible assets		13,138
Deferred tax asset/ (liability), net		(2,711	)
Other non-current assets		971
Current liabilities		(9,062	)
Other liabilities		(4,188	)
Total identifiable net assets acquired	$	13,149
Goodwill		25,442
Total	$	38,591

The preliminary estimated fair value of the current assets acquired includes trade receivables with an estimated fair value of $9,744. The gross amount due is $9,917, of which $173 is expected to be uncollectable.

Goodwill representing the excess of the preliminary estimated purchase price over the fair value of the net assets (including deferred taxes) acquired is not deductible for tax purposes and has been allocated to the Europe reporting unit.

The amortizable intangible assets acquired are being amortized over their estimated useful lives using a method of amortization that reflects the pattern in which the economic benefits of the intangible assets are consumed or otherwise realized. The preliminary estimated value and estimated useful lives of the intangibles are follows:

	Preliminary Estimated value		Estimated useful life
Customer related intangibles	$	13,138		3 – 10 years

The weighted average amortization period in respect of the acquired intangible assets is 7 years.

(c) Atyati Technologies Private Limited

On May 14, 2012, the Company entered into a definitive agreement to acquire Atyati Technologies Private Limited, a private limited company incorporated in India (“Atyati”) for a cash consideration of $17,578 subject to adjustment for closing date cash and net working capital balances. Atyati is a cloud-hosted technology platform provider for the rural banking sector in India. As of June 30, 2012, the acquisition of Atyati has not been consummated due to the non-fulfillment of certain closing conditions specified in the acquisition agreement.

13

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

4. Cash and cash equivalents

Cash and cash equivalents as of December 31, 2011 and June 30, 2012 comprise:

	As of December 31, 2011		As of June 30, 2012
Deposits with banks	$	267,467	$	147,971
U.S. Treasury bills		—		133,997
Other cash and bank balances		140,553		154,342
Total	$	408,020	$	436,310

Cash and cash equivalents as of December 31, 2011 and June 30, 2012, include restricted cash balances of $254 and $601, respectively. Restrictions are primarily attributable to margin requirements against bank guarantees, balances designated for statutory payments, and deposits for foreign currency advances on which the bank has created a lien.

5. Accounts receivable, net of reserve for doubtful receivables

Accounts receivable were $411,123 and $435,693 and reserve for doubtful receivables were $8,704 and $7,927, resulting in net accounts receivable balances of $402,419 and $427,766 as of December 31, 2011 and June 30, 2012, respectively. In addition, accounts receivable due after one year of $20,579 and $19,697 as of December 31, 2011 and June 30, 2012, respectively, are included under “Other Assets” in the Consolidated Balance Sheets.

Accounts receivable from related parties were $144,782 and $200, and reserve for doubtful receivables were $861 and $10, resulting in net accounts receivable balances of $143,921 and $190, as of December 31, 2011 and June 30 2012, respectively

6. Fair Value Measurements

The Company measures certain financial assets and liabilities at fair value on a recurring basis, including derivative instruments, and loans held for sale. The fair value measurements of these derivative instruments and loans held for sale were determined using the following inputs as of December 31, 2011 and June 30, 2012:

	As of December 31, 2011
	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Other  Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Derivative Instruments (Note a)	$	8,877	$	—	$	8,877	$	—
Loans held for sale (Note a)		469		—		—		469
Total	$	9,346	$	—	$	8,877	$	469
Liabilities
Derivative Instruments (Note b)	$	221,628	$	—	$	221,628	$	—
Total	$	221,628	$	—	$	221,628	$	—

14

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

6. Fair Value Measurements (Continued)

	As of June 30, 2012
	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical  Assets		Significant Other Observable Inputs		Significant Other Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Derivative Instruments (Note a)	$	9,786	$	—	$	9,786	$	—
Loans held for sale (Note a)		360		—		—		360
U.S. Treasury bills and notes (Note c)		133,997		133,997		—		—
Total	$	144,143	$	133,997	$	9,786	$	360
Liabilities
Derivative Instruments (Note b)	$	273,570	$	—	$	273,570	$	—
Total	$	273,570	$	—	$	273,570	$	—

(a) Included in “Prepaid expenses and other current assets” and “Other assets” in the consolidated balance sheets.

(b) Included in “Accrued expenses and other current liabilities” and “Other liabilities” in the consolidated balance sheets.

(c) Included in either “Cash and cash equivalents” or “Short term investment,” depending on the maturity profile, in the consolidated balance sheets.

The following table sets forth the reconciliation of loans held for sale which have been measured at fair value using significant unobservable inputs:

	Three months ended June 30,					Six months ended June 30,
	2011		2012			2011			2012
Opening balance, net	$	529	$	448		$	530		$	469
Impact of fair value included in earnings		—		(88	)		—			(108	)
Settlements		—		—			(1	)		(1	)
Closing balance, net	$	529	$	360		$	529		$	360

The Company values the derivative instruments based on market observable inputs including both forward and spot prices for currencies. The quotes are taken from an independent market database. Loans held for sale are valued using collateral values based on inputs from a single source when the Company is not able to corroborate the inputs and assumptions with other relevant market information.

7. Derivative financial instruments

The Company is exposed to the risk of rate fluctuations on foreign currency assets and liabilities, and foreign currency denominated forecasted cash flows. The Company has established risk management policies, including the use of derivative financial instruments to hedge foreign currency assets and liabilities, and foreign currency denominated forecasted cash flows. These derivative financial instruments are largely deliverable and non-deliverable forward foreign exchange contracts. The Company enters into these contracts with counterparties which are banks or other financial institutions and considers the risks of non-performance by the counterparties as not material. The forward foreign exchange contracts mature between zero and fifty four months and the forecasted transactions are expected to occur during the same period.

15

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

7. Derivative financial instruments (Continued)

The following table presents the aggregate notional principal amounts of the outstanding derivative financial instruments together with the related balance sheet exposure:

	Notional principal amounts  (Note a)				Balance sheet exposure asset (liability) (Note b)
	As of December 31, 2011		As of June 30, 2012		As of December 31, 2011			As of June 30, 2012
Foreign exchange forward contracts denominated in:
United States Dollars (sell) Indian Rupees (buy)	$	1,856,100	$	1,815,000	$	(210,297	)	$	(264,335	)
United States Dollars (sell) Mexican Peso (buy)		7,200		15,600		(461	)		(339	)
United States Dollars (sell) Philippines Peso (buy)		36,900		50,100		872			1,952
Euro (sell) United States Dollars (buy)		77,836		89,723		2,821			4,866
Euro (sell) Hungarian Forints (buy)		9,950		11,027		(953	)		(16	)
Euro (sell) Romanian Leu (buy)		60,361		67,746		416			(1,396	)
Japanese Yen (sell) Chinese Renminbi (buy)		52,434		46,546		(5,381	)		(3,046	)
Pound Sterling (sell) United States Dollars (buy)		93,996		114,979		2,588			1,105
Australian Dollars (sell) United States Dollars (buy)		68,637		80,335		(2,356	)		(2,575	)
					$	(212,751	)	$	(263,784	)

(a) Notional amounts are key elements of derivative financial instrument agreements, but do not represent the amount exchanged by counterparties and do not measure the Company’s exposure to credit or market risks. The amounts exchanged are based on the notional amounts and other provisions of the underlying derivative financial instruments agreements.

(b) Balance sheet exposure is denominated in U.S. Dollars and denotes the mark-to-market impact of the derivative financial instruments on the reporting date.

FASB guidance on Derivatives and Hedging requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the statement of financial position. In accordance with the FASB guidance on Derivatives and Hedging, the Company designates foreign exchange forward contracts as cash flow hedges for forecasted revenues and the purchase of services. In addition to this program the Company has derivative instruments not designated as hedges under the FASB guidance, which it uses to hedge the foreign exchange risks related to balance sheet items such as receivables and inter-company borrowings denominated in currencies other than the underlying functional currency.

The fair value of the derivative instruments and their location in the financial statements of the Company are summarized in the table below:

	Cash flow				Non-designated
	As of December 31, 2011		As of June 30, 2012		As of December 31, 2011		As of June 30, 2012
Assets
Prepaid expenses and other current assets	$	4,545	$	5,239	$	782	$	1,908
Other assets	$	3,550	$	2,639	$	—	$	—
Liabilities
Accrued expenses and other current liabilities	$	56,377	$	83,133	$	10,527	$	10,129
Other liabilities	$	154,724	$	180,308	$	—	$	—

16

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

7. Derivative financial instruments (Continued)

Cash flow hedges

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain (loss) on the derivative instrument is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction is recognized in the consolidated statements of income. Gains (losses) on the derivatives representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in earnings as incurred.

In connection with cash flow hedges, the gains (losses) recorded as a component of other comprehensive income (loss) or OCI and the related tax effects are summarized below:

	Three months ended June 30, 2011									Three months ended June 30, 2012									Six months ended June 30, 2011									Six months ended June 30, 2012
	Before- Tax amount			Tax (Expense) or Benefit			Net of tax Amount			Before-Tax amount			Tax (Expense) or Benefit			Net of tax Amount			Before-Tax amount			Tax (Expense) or Benefit			Net of tax Amount			Before-Tax amount			Tax (Expense) or Benefit			Net of tax Amount
Opening balance		(1,390	)		(1,452	)		62			(135,486	)		(48,132	)		(87,354	)		(27,482	)		(9,247	)		(18,235	)		(203,006	)		(71,125	)		(131,881	)
Net gains (losses) reclassified into statement of income on completion of hedged transactions		(9,312	)		(3,461	)		(5,851	)		(6,959	)		(2,379	)		(4,580	)		(25,344	)		(9,157	)		(16,187	)		(6,840	)		(2,253	)		(4,587	)
Changes in fair value of effective portion of outstanding derivatives, net		21,240			7,787			13,453			(127,035	)		(44,687	)		(82,348	)		31,300			9,886			21,414			(59,396	)		(21,568	)		(37,828	)
Unrealised gain (loss) on cash flow hedging derivatives, net		30,552			11,248			19,304			(120,076	)		(42,308	)		(77,768	)		56,644			19,043			37,601			(52,556	)		(19,315	)		(33,241	)
Closing balance as of June 30		29,162			9,796			19,366			(255,562	)		(90,440	)		(165,122	)		29,162			9,796			19,366			(255,562	)		(90,440	)		(165,122	)

17

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

7. Derivative financial instruments (Continued)

The gains / losses recognized in other comprehensive income (loss), and their effect on financial performance are summarized below:

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) recognized in OCI on Derivatives (Effective Portion)					Location of Gain (Loss) reclassified from OCI into Statement of Income (Effective Portion)	Amount of Gain (Loss) reclassified from OCI into Statement of Income (Effective Portion)												Location of Gain (Loss) recognized in Income on Derivatives (Ineffective Portion and Amount excluded from Effectiveness Testing)	Amount of Gain (Loss) recognized in income on Derivative (Ineffective Portion and Amount excluded from Effectiveness Testing)
	Six months ended June 30,						Three months ended June 30,						Six months ended June 30,							Three months ended June 30,				Six months ended June 30,
	2011		2012				2011			2012			2011			2012				2011		2012		2011		2012
Forward foreign exchange contracts	$	31,300	$	(59,396	)	Revenue	$	(2,785	)	$	(1,156	)	$	(4,237	)	$	(2,442	)	Foreign exchange(gains) losses, net	$	—	$	—	$	—	$	—
						Cost of revenue		(5,154	)		(4,518	)		(17,456	)		(3,411	)
						Selling, general and administrative expenses		(1,373	)		(1,286	)		(3,651	)		(987	)
	$	31,300	$	(59,396	)		$	(9,312	)	$	(6,960	)	$	(25,344	)	$	(6,840	)		$	—	$	—	$	—	$	—

18

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

7. Derivative financial instruments (Continued)

Non designated Hedges

		Amount of (Gain) Loss recognized in Income on Derivatives
	Location of (Gain) Loss recognized in Income on Derivatives	Three months ended June 30,						Six months ended June 30,
Derivatives not designated as hedging instruments		2011			2012			2011			2012
Forward foreign exchange contracts (Note a)	Foreign exchange (gains) losses, net	$	(390	)	$	(10,566	)		(2	)		(1,587	)
		$	(390	)	$	(10,566	)	$	(2	)	$	(1,587	)

(a) These forward foreign exchange contracts were entered into to hedge the fluctuations in foreign exchange rates for recognized balance sheet items such as receivables and inter-company borrowings, and were not originally designated as hedges under FASB guidance on Derivatives and Hedging. Realized (gains) losses and changes in the fair value of these derivatives are recorded in foreign exchange (gains) losses, net in the consolidated statements of income.

8. Property, plant and equipment, net

Property, plant and equipment, net consist of the following:

	As of December 31, 2011			As of June 30, 2012
Property, plant and equipment, gross	$	451,415			$	463,294
Less: Accumulated depreciation and amortization		(270,911	)			(282,773	)
Property, plant and equipment, net	$	180,504			$	180,521

Depreciation expense on property, plant and equipment for the six months ended June 30, 2011 and 2012 was $23,839 and $22,422, respectively, and for the three months ended June 30, 2011 and 2012 was $12,066 and $11,316, respectively. The amount of computer software amortization for the six months ended June 30, 2011 and 2012 was $6,507 and $5,958, respectively and for the three months ended June 30, 2011 and 2012 was $3,315 and $2,987 respectively.

The above depreciation and amortization expense includes the effect of reclassification of foreign exchange (gains) losses related to the effective portion of the foreign currency derivative contracts amounting to $1,341 and $235 for the six months ended June 30, 2011 and 2012, respectively, and $379 and $312 for the three months ended June 30, 2011 and 2012, respectively.

19

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

9. Goodwill and intangible assets

The following table presents the changes in goodwill for the year ended December 31, 2011 and six months ended June 30, 2012:

	As of December 31, 2011			As of June 30, 2012
Opening balance	$	570,153		$	925,339
Goodwill relating to acquisition consummated during the period		414,158			25,442
Adjustment to preliminary purchase accounting for Headstrong		—			(3,213	)
Effect of exchange rate fluctuations		(58,972	)		(25,408	)
Closing balance	$	925,339		$	922,160

The total amount of goodwill deductible for tax purposes is $7,562 and $7,120 as of December 31, 2011 and June 30, 2012, respectively.

The Company’s intangible assets acquired either individually or with a group of other assets or in a business combination are as follows:

	As of December 31, 2011						As of June 30, 2012
	Gross  carrying amount		Accumulated amortization		Net		Gross  carrying amount		Accumulated amortization		Net
Customer-related intangible assets	$	275,859	$	189,872	$	85,987	$	279,331	$	191,015	$	88,316
Marketing-related intangible assets		40,552		16,312		24,240		40,096		17,081		23,015
Contract-related intangible assets		1,219		1,219		—		1,130		1,130		—
Other intangible assets		3,541		480		3,061		3,542		581		2,961
	$	321,171	$	207,883	$	113,288	$	324,099	$	209,807	$	114,292

Amortization expenses for intangible assets as disclosed in the consolidated statements of income under amortization of acquired intangible assets for the six months ended June 30, 2011 and 2012 were $8,217 and $11,080, respectively, and for the three months ended June 30, 2011 and 2012 were $5,140 and $5,790, respectively. Intangible assets recorded for the 2004 Reorganization include the incremental value of the minimum volume commitment from GE, entered into contemporaneously with the 2004 Reorganization, over the value of the pre-existing customer relationship with GE. The amortization of this intangible asset for the six months ended June 30, 2011 and 2012 was $83 and $38, respectively, and for the three months ended June 30, 2011 and 2012 was $41 and $18, respectively, and has been reported as a reduction of revenue. As of June 30, 2012, the unamortized value of the intangible asset was $40, which will be amortized in future periods and reported as a reduction of revenue.

20

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

10. Employee benefit plans

The Company has employee benefit plans in the form of certain statutory and other schemes covering its employees.

Defined benefit plans

In accordance with Indian law, the Company provides a defined benefit retirement plan (the “Gratuity Plan”) covering substantially all of its Indian employees. In accordance with Mexican law, the Company provides termination benefits (the “Mexican Plan”) to all of its Mexican employees. In addition, some of the company’s subsidiaries in Philippines (the “Philippines Plan”) and Japan (the “Japan Plan”) have sponsored defined benefit retirement programs.

Net defined benefit plan costs for the three months and six months ended June 30, 2011 and 2012 include the following components:

	Three months ended June 30,						Six months ended June 30,
	2011			2012			2011			2012
Service costs	$	860		$	961		$	1,553		$	1,974
Interest costs		378			445			713			915
Amortization of actuarial loss		140			166			277			339
Expected return on plan assets		(160	)		(202	)		(330	)		(412	)
Net Gratuity Plan costs	$	1,218		$	1,370		$	2,213		$	2,816

Defined contribution plans

During the three months and six months ended June 30, 2011 and 2012, the Company contributed the following amounts to defined contribution plans in various jurisdictions:

	Three months ended June 30,				Six months ended June 30,
	2011		2012		2011		2012
India	$	2,749	$	3,439	$	6,069	$	6,917
U.S.		510		739		1,168		1,766
U.K.		316		442		523		750
Hungary		9		7		22		46
China		2,088		2,958		4,261		5,791
Mexico		7		4		18		21
South Africa		137		84		164		164
Morocco		37		59		72		89
Hongkong		—		9		—		17
Netherlands		—		429		—		429
Philippines		—		4		—		7
Total	$	5,853	$	8,174	$	12,297	$	15,997

21

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

11. Stock-based compensation

The Company has issued options under the Genpact Global Holdings 2005 Plan (the “2005 Plan”), Genpact Global Holdings 2006 Plan (the “2006 Plan”), Genpact Global Holdings 2007 Plan (the “2007 Plan”) and Genpact Limited 2007 Omnibus Incentive Compensation Plan (the “2007 Omnibus Plan”) to eligible persons who are employees, directors and certain other persons associated with the Company.

From the date of adoption of the 2007 Omnibus Plan on July 13, 2007, the options forfeited, expired, terminated, or cancelled under any of the plans will be added to the number of shares otherwise available for grant under the 2007 Omnibus Plan. The 2007 Omnibus Plan was amended and restated on April 11, 2012 to increase the number of common shares authorized for issuance by 5,593,200 shares to 15,000,000 shares.

The stock-based compensation costs relating to the above plans during the six months ended June 30, 2011 and 2012 were $8,519 and $17,166, respectively, and for the three months ended June 30, 2011 and 2012 were $5,472 and $9,941, respectively. These costs have been allocated to cost of revenue and selling, general, and administrative expenses.

Stock options

A summary of the options activity during the six months ended June 30, 2012 is set out below:

	Six months ended June 30, 2012
	Shares arising out of options			Weighted average exercise price		Weighted average remaining contractual life (years)		Aggregate intrinsic value
Outstanding as of January 1, 2012		13,734,820		$	10.58		5.4		—
Granted		—			—		—		—
Forfeited		(236,485	)		10.83		—		—
Expired		(54,655	)		15.32		—		—
Exercised		(375,088	)		8.40		—		3,087
Outstanding as of June 30, 2012		13,068,592		$	10.61		4.8	$	78,655
Vested and exercisable as of June 30, 2012 and expected to vest thereafter (Note a)		12,748,385		$	10.55		4.8	$	77,526
Vested and exercisable as of June 30, 2012		9,651,170		$	9.53		4.3	$	68,548
Weighted average grant date fair value of grants during the period	$	—

(a) Options expected to vest reflect an estimated forfeiture rate.

As of June 30, 2012, the total remaining unrecognized stock-based compensation cost for options expected to vest amounted to $11,144, which will be recognized over the weighted average remaining requisite vesting period of 1.42 years.

Restricted Share Units

The Company granted restricted share units, or RSUs, under the 2007 Omnibus Plan. Each RSU represents the right to receive one common share. The fair value of each RSU is the market price of one common share of the Company on the date of the grant. The RSUs granted to date have graded vesting schedules of one to four years. The compensation expense is recognized on a straight-line basis over the vesting term.

22

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

11. Stock-based compensation (Continued)

A summary of RSUs granted during the six months ended June 30, 2012 is set out below:

	Six months ended June 30, 2012
	Number of Restricted Share Units			Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2012		2,262,153		$	15.27
Granted		120,000			15.43
Vested*		(345,280	)		14.36
Forfeited		(72,016	)		16.20
Outstanding as of June 30, 2012		1,964,857		$	15.40
Expected to vest		1,580,720

* Out of this, 336,244 RSUs have been net settled on vesting by issuing 229,100 shares (net of minimum tax withholding). Also, 9,036 RSUs have vested in the six months ended June 30, 2012, the shares in respect of which will be issued on December 31, 2013.

During the year ended December 31, 2011, 102,000 RSUs vested, the shares in respect of which will be issued on December 31, 2012.

As of June 30, 2012, the total remaining unrecognized stock-based compensation cost related to RSUs amounted to $20,418 which will be recognized over the weighted average remaining requisite vesting period of 2.73 years.

Performance Units

The Company also grants stock awards in the form of Performance Units, or PUs, under the 2007 Omnibus Plan.

The Company granted PUs, each of which represents the right to receive a common share based on the Company’s performance against specified targets. PUs granted to date have vesting schedules of six months to three years. The fair value of each PU is the market price of one common share of the Company on the date of grant, and assumes that performance targets will be achieved. The PUs granted under the plan are subject to cliff or graded vesting. For awards with cliff vesting, the compensation expense is recognized on a straight line basis over the vesting terms and for awards with graded vesting, compensation expense is recognized over the vesting term of each separately vesting portion. Over the performance period, the number of shares that will be issued will be adjusted upward or downward based upon the probability of achievement of the performance targets. The ultimate number of shares issued and the related compensation cost recognized as expense will be based on a comparison of the final performance metrics to the specified targets.

A summary of PU activity during the six months ended June 30, 2012 is set out below:

	Six months ended June 30, 2012
	Number of Performance Units			Weighted Average Grant Date Fair Value		Maximum Shares Eligible to Receive
Outstanding as of January 1, 2012		2,271,724		$	15.17		3,247,322
Granted		1,200,000			15.25		1,800,000
Vested		—			—		—
Forfeited		(99,848	)		16.61		(131,310	)
Outstanding as of June 30, 2012		3,371,876		$	15.16		4,916,012
Performance units expected to vest		3,086,397

During the year ended December 31, 2011, PUs vested at 128.9% (214,880 shares). Shares in respect of these vested PUs will be issued on December 31, 2012.

As of June 30, 2012, the total remaining unrecognized stock-based compensation costs related to PUs amounted to $27,061 which will be recognized over the weighted average remaining requisite vesting period of 1.94 years.

23

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

11. Stock-based compensation (Continued)

In the first quarter of 2011, the compensation committee of the board of directors of the Company modified the performance metrics for the performance grants made to employees in March 2010 from Revenue and EBITDA growth to Revenue and adjusted operating income growth.

	Original Performance Target						Modified Performance Target
Performance Level	Revenue Growth			EBITDA Growth			Revenue Growth			Adjusted Income from Operation Growth
Outstanding		20.0	%		20.0	%		20.0	%		20.0	%
Target		15.0	%		15.0	%		15.0	%		15.0	%
Threshold		10.0	%		10.0	%		10.0	%		10.0	%

For the August 2010 performance grant made to the Company’s former CEO, who assumed the role of Non-Executive Vice-Chairman as of June 17, 2011, in addition to the modification made to the performance metrics from revenue and EBITDA growth to revenue and adjusted operating income growth, because the award vests based on annual performance targets whereas the awards to the employees vest based on average performance over three years, revision has been made to the performance targets in order to make the performance targets consistent with performance unit grants made to employees in the first quarter of 2011.

	Original Performance Target						Modified Performance Target
Performance Level	Revenue Growth			EBITDA Growth			Revenue Growth			Adjusted Income from Operation Growth
Outstanding		20.0	%		20.0	%		17.0	%		16.0	%
Target		15.0	%		15.0	%		12.5	%		12.5	%
Threshold		10.0	%		10.0	%		8.0	%		7.0	%

As of the date of the above modifications, incremental compensation cost of $4,109 was determined which is to be recognized over a period of 21.5 months starting from March 2011 to December 31, 2012.

Employee Stock Purchase Plan (ESPP)

On May 1, 2008, the Company adopted the Genpact Limited U.S. Employee Stock Purchase Plan and the Genpact Limited International Employee Stock Purchase Plan (together, the “ESPP”).

The ESPP allowed eligible employees to purchase the Company’s common shares through payroll deduction at 95% of the fair value per share on the last business day of each purchase interval ending on or prior to August 31, 2009. The purchase price has been reduced to 90% of the fair value per share on the last business day of each purchase interval commencing with effect from September 1, 2009. The dollar amount of common shares purchased under the ESPP shall not exceed the greater of 15% of the participating employee’s base salary or $25 per calendar year. With effect from September 1, 2009, the offering periods commence on the first business day in March, June, September and December of each year and end on the last business day in the subsequent May, August, November and February of each year. 4,200,000 common shares have been reserved for issuance in the aggregate over the term of the ESPP.

During the six months ended June 30, 2011 and 2012, common shares issued under ESPP were 23,579 and 44,916, respectively.

The ESPP was considered non compensatory under the FASB guidance on Compensation-Stock Compensation through the purchase interval ending on or prior to August 31, 2009. As a result of the change in the discount rate, the ESPP is being considered compensatory with effect from September 1, 2009.

The compensation expense for the employee stock purchase plan is recognized in accordance with the FASB guidance on Compensation-Stock Compensation. The compensation expense for the ESPP during the six months ended June 30, 2011 and 2012 was $40 and $77, respectively, and for the three months ended June 30, 2011 and 2012, was $22 and $39, respectively and has been allocated to cost of revenue and selling, general, and administrative expenses.

24

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

12. Earnings per share

The Company calculates earnings per share in accordance with FASB guidance on Earnings per share. Basic and diluted earnings per common share give effect to the change in the number of common shares of the Company. The calculation of earnings per common share was determined by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the respective periods. The potentially dilutive shares, consisting of outstanding options on common shares, restricted share units, common shares to be issued under the ESPP and performance units have been included in the computation of diluted net earnings per share and the weighted average shares outstanding, except where the result would be anti-dilutive.

The number of stock options outstanding but not included in the computation of diluted earnings per common share because their effect was anti-dilutive is 7,337,228 and 6,407,134 for the six months ended June 30, 2011 and 2012, respectively and was 6,894,891 and 6,246,826 for the three months ended June 30, 2011 and 2012, respectively.

	Three months ended June 30,				Six months ended June 30,
	2011		2012		2011		2012
Net income available to Genpact Limited common shareholders	$	39,009	$	61,100	$	75,129	$	99,640
Weighted average number of common shares used in computing basic earnings per common share		221,297,842		223,182,251		221,153,301		222,996,243
Dilutive effect of stock based awards		4,848,546		4,698,176		4,691,538		4,680,427
Weighted average number of common shares used in computing dilutive earnings per common share		226,146,388		227,880,427		225,844,839		227,676,670
Earnings per common share attributable to Genpact Limited common shareholders
Basic	$	0.18	$	0.27	$	0.34	$	0.45
Diluted	$	0.17	$	0.27	$	0.33	$	0.44

13. Short-term borrowings

The Company has the following borrowing facilities:

(a) Fund-based and non-fund based credit facilities with banks which are available for operational requirements in the form of overdrafts, letters of credit, guarantees, and short-term loans. As of June 30, 2011 and 2012, the limits available were $17,417 and $17,212, respectively out of which $3,990 and $3,500 were utilized, representing non funded drawdowns.

(b) Fund-based and non-fund based revolving credit facilities of $260,000 for operational requirements acquired in May 2011 as stated in note 14 below. This was initially used for the acquisition of Headstrong Corporation. As of June 30, 2011 and 2012, a total of $259,000 and $259,299, respectively, was utilized, representing funded drawdowns of $252,000 and $251,000 and non-funded drawdowns of $7,000 and $8,299 respectively. As of June 30, 2011 and 2012, the funded drawdowns bear interest rates of 1.89650% and 1.89525%, respectively, which are determined based on LIBOR plus a margin. Indebtedness under these facilities is secured by certain assets. The agreement governing these facilities contains certain covenants including a restriction on further indebtedness of the Company.

14. Long-term debt

In May 2011, the Company obtained credit facilities aggregating $380,000 from a consortium of financial institutions to finance in part the acquisition of Headstrong and for general corporate purposes of the Company and its subsidiaries, including working capital requirements. The credit agreement provides for a $120,000 term loan and a $260,000 revolving credit facility. The Company has an option to increase the commitment under the credit agreement by up to an additional $100,000 subject to certain approvals and conditions as set forth in the credit agreement.

25

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

14. Long-term debt (Continued)

The outstanding term loan net of debt amortization expense of $1,527, which bears interest of 2.11585% LIBOR plus a margin (depending on the Company’s leverage), was $88,473 as of June 30, 2012. Indebtedness under the term loan agreement is secured by certain assets, and the agreement contains certain covenants including a restriction on further indebtedness of the Company. The amount outstanding as of June 30, 2012 will be repaid over four years through semi-annual repayments of $15,000, which commenced six months from the initial drawdown of May 3, 2011.

The maturity profile of the term loan, net of debt amortization expense, is as follows:

Year	Amount
Six months ending December 31, 2012	$	14,542
2013		29,334
2014		29,651
2015		14,946
	$	88,473

15. Cost of revenue

Cost of revenue consists of the following:

	Three months ended June 30,				Six months ended June 30,
	2011		2012		2011		2012
Personnel expenses	$	168,132	$	195,087	$	311,873	$	380,638
Operational expenses		72,527		78,054		130,087		146,029
Depreciation and amortization		13,371		12,081		26,557		24,020
	$	254,030	$	285,222	$	468,517	$	550,687

16. Selling, general and administrative expenses

Selling, general and administrative expenses consist of the following:

	Three months ended June 30,				Six months ended June 30,
	2011		2012		2011		2012
Personnel expenses	$	59,438	$	79,556	$	106,958	$	150,496
Operational expenses		25,276		32,475		43,418		64,402
Depreciation and amortization		2,010		2,222		3,789		4,360
	$	86,724	$	114,253	$	154,165	$	219,258

17. Other operating (income) expense, net

	Three months ended June 30,						Six months ended June 30,
	2011			2012			2011			2012
Other operating (income) expense	$	(800	)	$	(801	)	$	(1,756	)	$	(1,513	)
Impairment of capital work in progress / property, plant and equipment		1,465			—			1,465			—
Other operating (income) expense, net	$	665		$	(801	)	$	(291	)	$	(1,513	)

26

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

18. Other income (expense), net

Other income (expense), net consists of the following:

	Three months ended June 30,						Six months ended June 30,
	2011			2012			2011			2012
Interest income	$	3,605		$	2,385		$	7,163		$	5,510
Interest expense		(1,934	)		(3,406	)		(2,599	)		(6,965	)
Other income		1,355			322			1,560			632
Other income(expense), net	$	3,026		$	(699	)	$	6,124		$	(823	)

19. Income taxes

As of December 31, 2011, the Company had unrecognized tax benefits amounting to $23,712, including an amount of $23,551 that, if recognized, would impact the effective tax rate.

The following table summarizes the activities related to our unrecognized tax benefits for uncertain tax positions from January 1, 2012 to June 30, 2012:

Opening balance as on January 1, 2012	$	23,712
Decrease related to prior year tax positions		(65	)
Increase related to prior year tax positions, including recorded against goodwill		200
Decrease related to settlement with tax authorities		(2,492	)
Effect of exchange rate changes		(1,022	)
Closing balance as on June 30, 2012	$	20,333

The unrecognized tax benefits as of June 30, 2012 include an amount of $20,187 that, if recognized, would impact the effective tax rate. As of December 31, 2011 and June 30, 2012, the Company has accrued approximately $2,536 and $2,442, respectively, in interest relating to unrecognized tax benefits.

20. Related party transactions

The Company has entered into related party transactions with GE and companies in which GE has a majority ownership interest or on which it exercises significant influence (collectively referred to as “GE” herein). During the current period, GE owned less than 5.0% of the outstanding shares and is no longer considered a related party. The Company has also entered into related party transactions with its non-consolidating affiliates, a customer in which one of the Company’s directors has a controlling interest and a customer which has a significant interest in the Company.

The related party transactions can be categorized as follows:

Revenue from services

Prior to December 31, 2004, substantially all of the revenues of the Company were derived from services provided to GE entities. In connection with the 2004 Reorganization, GE entered into a Master Service Agreement, or MSA, with the Company. The GE MSA, as amended, provides that GE will purchase services in an amount not less than a minimum volume commitment, or MVC, of $360,000 per year for seven years beginning January 1, 2005, $270,000 in 2012, $180,000 in 2013 and $90,000 in 2014. Revenues in excess of the MVC can be credited, subject to certain limitations, against shortfalls in the subsequent years.

On January 26, 2010, the Company extended its MSA, with GE by two years, through the end of 2016, including the minimum annual volume commitment of $360,000. The MSA also provides that the minimum annual volume commitment for each of the years 2014, 2015 and 2016 is $250,000, $150,000 and $90,000, respectively.

On December 21, 2011, the Company entered into an amendment to the MSA with GE, as amended. The amendment extends certain statements of work under the MSA for business existing prior to 2005 until December 31, 2015. The amendment includes specific productivity guarantees and price reductions by Genpact. The amendment also revises payment terms and termination provisions.

27

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

20. Related party transactions (Continued)

For the six months ended June 30, 2011, the Company recognized net revenues from GE of $235,411 representing 32% of the consolidated total net revenues.

For the three months ended June 30, 2011, the Company recognized net revenues from GE of $122,629 representing 31% of the consolidated total net revenues.

For the six months ended June 30 2011 and 2012, the Company recognized net revenues of $157 and $227, respectively, and for the three months ended 30 June 2011 and 2012, the Company recognized net revenues of $81 and $115, respectively, from a customer in which one of the Company’s directors has a controlling interest.

For the six months ended June 30 2011 and 2012, the Company recognized net revenues of $176 and $90, respectively, and for the three months ended 30 June 2011 and 2012, the Company recognized net revenues of $73 and $47, respectively, from a customer which has a significant interest in the Company.

Cost of revenue from services

The Company purchases certain services from GE mainly relating to communication and leased assets, which are included as part of operational expenses included in cost of revenue. For the six months ended June 30, 2011, cost of revenue, net of recovery, included an amount of $2,067 and for the three months ended June 30, 2011, cost of revenue, net of recovery, included amounts of $756 relating to services procured from GE. Cost of revenue from services also include training and recruitment cost of $357 and $1,084 for the six months ended June 30, 2011 and 2012, respectively, and $124 and $529, for the three months ended June 30, 2011 and 2012, respectively, from its non-consolidating affiliates.

Selling, general and administrative expenses

The Company purchases certain services from GE mainly relating to communication and leased assets, which are included as part of operational expenses included in selling, general and administrative expenses. For the six months ended June 30, 2011, selling, general and administrative expenses, net of recovery, included amounts of $282, and for the three months ended June 30, 2011, selling, general and administrative expenses, net of recovery, included amounts of $100, relating to services procured from GE. For the six months ended June 30, 2011 and 2012, selling, general, and administrative expenses also include training and recruitment cost and cost recovery, net of $4 and $210, respectively, and for the three months ended June 30, 2011 and 2012, selling, general, and administrative expenses also include training and recruitment cost and cost recovery, net of $15 and $102, respectively, from its non-consolidating affiliates.

Other operating (income) expense, net

The Company provides certain shared services such as facility, recruitment, training, and communication to GE. Recovery for such services has been included as other operating income in the consolidated statements of income. For the six months ended June 30, 2011 , income from these services was $(1,100), and for the three months ended June 30, 2011, income from these services was ($587).

Interest expense

The Company incurred an interest expense on finance lease obligations from GE. For the six months ended June 30, 2011, the interest expense relating to such related party debt amounted to $191, and for the three months ended June 30, 2011, interest expense relating to such related party debt amounted to $88.

Investment in equity affiliate

During the six months ended June 30, 2011 and 2012, the Company has made an investment of $0 and $205, respectively, in its non-consolidating affiliates and for the three months ended June 30, 2011 and 2012, the Company has made an investment of $0 and $0, respectively, in its non-consolidating affiliates.

28

GENPACT LIMITED AND ITS SUBSIDIARIES

Notes to the Consolidated Financial Statements

(Unaudited)

(In thousands, except per share data and share count)

21. Commitments and contingencies

Capital commitments

As of December 31, 2011 and June 30, 2012, the Company has committed to spend $9,694 and $11,374, respectively, under agreements to purchase property, plant and equipment. This amount is net of capital advances paid in respect of these purchases.

Bank Guarantees

The Company has outstanding Bank guarantees amounting to $10,866 and $11,799 as of December 31, 2011 and June 30, 2012, respectively. Bank guarantees are generally provided to government agencies, excise and customs authorities for the purposes of maintaining a bonded warehouse. These guarantees may be revoked by the governmental agencies if they suffer any losses or damage through the breach of any of the covenants contained in the agreements.

Other commitments

The Company’s business process Delivery Centers in India are 100% Export Oriented units or Software Technology Parks of India units (“STPI”) under the STPI guidelines issued by the Government of India. These units are exempted from customs, central excise duties, and levies on imported and indigenous capital goods, stores, and spares. The Company has executed legal undertakings to pay custom duties, central excise duties, levies, and liquidated damages, if any, in respect of imported and indigenous capital goods, stores, and spares consumed duty free, in the event that certain terms and conditions are not fulfilled.

22. Subsequent events

On July 9, 2012, the Company entered into a definitive agreement to acquire Triumph Engineering Corporation (“Triumph”) for cash consideration of $3,600, subject to adjustment for closing date working capital and indebtedness. The agreement also provides for additional deferred consideration and contingent earn-out consideration. Triumph is a U.S. based provider of engineering services to the aviation, energy, and oil and gas industries.

On August 1, 2012, the Company announced a special cash dividend to all shareholders of $2.24 per common share, or approximately $500,000 in the aggregate. This dividend will be funded through a combination of balance sheet cash and incremental debt expected to be raised from institutional lenders. Declaration and payment of the dividend is subject to the receipt of financing by the Company on satisfactory terms.

On August 1, 2012, the Company announced that affiliates of Bain Capital Partners have agreed to purchase approximately 67,750,678 common shares of the Company from affiliates of General Atlantic and Oak Hill Capital Partners for $14.76 per share, or approximately $1,000,000. Closing of this transaction will take place after the payment to all shareholders, including General Atlantic and Oak Hill Capital Partners, of the announced dividend of $2.24 per share.

29

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion in conjunction with our Consolidated Financial Statements and related Notes included elsewhere in this Quarterly Report on Form 10-Q and in our Annual Report on Form 10-K for the year ended December 31, 2011 and with the information under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2011. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results may differ materially from those discussed in or implied by any of the forward-looking statements as a result of various factors, including but not limited to those listed below and under “Risk Factors” in this Quarterly Report on Form 10-Q and our Annual Report on Form 10-K for the year ended December 31, 2011.

Special Note Regarding Forward-Looking Statements

We have made statements in this Quarterly Report on Form 10-Q (the “Quarterly Report”) in, among other sections, this Part 1 Item 2—“Management’s Discussion and Analysis of Financial Condition and Results of Operations”, that are forward-looking statements. In some cases, you can identify these statements by forward-looking terms such as “expect”, “anticipate”, “intend”, “plan”, “believe”, “seek”, “estimate”, “could”, “may”, “shall”, “will”, “would” and variations of such words and similar expressions, or the negative of such words or similar expressions. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, which in some cases may be based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. In particular, you should consider the numerous risks outlined in Part II, Item 1A—“Risk Factors” in this Quarterly Report and Part I, Item 1A—“Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2011. These forward-looking statements include, but are not limited to, statements relating to:

• our ability to retain existing clients and contracts;

• our ability to win new clients and engagements;

• the expected value of the statements of work under our master service agreements;

• our beliefs about future trends in our market;

• political or economic instability in countries where we have operations;

• worldwide political, economic or business conditions;

• political, economic or business conditions where our clients operate;

• expected spending on business process and information technology services by clients;

• foreign currency exchange rates;

• our rate of employee attrition;

• our effective tax rate; and

• competition in our industry.

Factors that may cause actual results to differ from expected results include, among others:

• our ability to grow our business and effectively manage growth and international operations while maintaining effective internal controls;

• our dependence on revenues derived from clients in the United States;

• our ability to hire and retain enough qualified employees to support our operations;

• our ability to successfully consummate or integrate strategic acquisitions;

• our relative dependence on GE;

• our dependence on favorable tax legislation and tax policies that may be amended in a manner adverse to us or be unavailable to us in the future;

• increases in wages in locations in which we have operations;

• our ability to obtain the financing required to pay the special cash dividend and the terms of the financing;

• restrictions on visas for our employees traveling to North America and Europe;

• our ability to maintain pricing and asset utilization rates;

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• fluctuations in exchange rates between U.S. dollars, euros, U.K. pounds sterling, Chinese renminbi, Hungarian forint, Japanese yen, Indian rupees, Australian dollars, Philippines peso, Guatemala quetzal, Mexican peso, Moroccan dirham, Polish zloty, Romanian leu, South African rand, Hong Kong dollar, Singapore dollar, Arab Emirates dirham, Brazilian Real, Swiss Franc, Swedish krona, Danish krone, Thai baht, Kenyan Shilling, Czech Koruna, and Canadian dollars;

• our ability to retain senior management;

• the selling cycle for our client relationships;

• our ability to attract and retain clients and our ability to develop and maintain client relationships based on attractive terms;

• legislation in the United States or elsewhere that adversely affects the performance of business process and information technology services offshore;

• increasing competition in our industry;

• telecommunications or technology disruptions or breaches, or natural or other disasters;

• our ability to protect our intellectual property and the intellectual property of others;

• further deterioration in the global economic environment and its impact on our clients, including the bankruptcy of our clients;

• regulatory, legislative and judicial developments, including the withdrawal of governmental fiscal incentives;

• the international nature of our business;

• technological innovation;

• our ability to derive revenues from new service offerings; and

• unionization of any of our employees.

Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Achievement of future results is subject to risks, uncertainties and potentially inaccurate assumptions. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could differ materially from past results and those anticipated, estimated or projected. You should bear this in mind as you consider forward-looking statements. We are under no obligation to update any of these forward-looking statements after the date of this filing to conform our prior statements to actual results or revised expectations. You are advised, however, to consult any further disclosures we make on related subjects in our Form 10-K, Form 10-Q and Form 8-K reports to the SEC.

Overview

We are a global leader in business process management and technology services, leveraging the power of smarter processes, smarter analytics and smarter technology to help our clients drive intelligence across their enterprise. We believe our Smart Enterprise Processes (SEP^SM) framework, our unique science of process combined with deep domain expertise in multiple industry verticals, leads to superior business outcomes. Our Smart Decision Services deliver valuable business insights to our clients through targeted analytics, re-engineering expertise, and advanced risk management. Making technology more intelligent by embedding it with process and data insights, we also offer a wide range of technology services. Driven by a passion for process innovation and operational excellence built on our Lean and Six Sigma DNA and the legacy of serving GE for more than 15 years, our 58,500+ professionals around the globe deliver services to more than 600 clients from a network of 70 delivery centers across 18 countries supporting more than 30 languages.

We have a unique heritage and believe we are pioneers in the business process and information technology management industry. We built our business by meeting the demands of the leaders of GE to increase the productivity of their businesses. We began in 1997 as an internal business process services operation for General Electric Capital Corporation, or GE Capital, GE’s financial services business. As we demonstrated our value to GE management, our business grew in size and scope. We took on a wide range of complex and critical processes and we became a significant provider to many of GE’s businesses, including Consumer Finance (GE Money), Commercial Finance, Healthcare, Industrial and GE’s corporate offices.

Our leadership team, our methods and our culture have been deeply influenced by our eight years as an internal operation of GE. Many elements of GE’s success—the rigorous use of metrics and analytics, the relentless focus on improvement, a strong emphasis on the client and innovative human resources practices—are the foundations of our business.

We have approximately 58,600 employees with operations in eighteen countries. In the second quarter of 2012, we had net revenues of $467.6 million, of which 73.0% was from clients other than GE, which we refer to as Global Clients.

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Our registered office is located at Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda.

The Company

Our business was initially conducted through various entities and divisions of GE. In 2004, GE placed these operations under a newly formed Luxembourg company and sold indirect interests in us to General Atlantic LLC, or General Atlantic, and Oak Hill Capital Partners, or Oak Hill. In 2007, we became a Bermuda company named Genpact Limited and completed our initial public offering.

On August 1, 2012, we announced that affiliates of Bain Capital Partners have agreed to purchase approximately 68 million common shares of the Company currently owned by affiliates of General Atlantic and Oak Hill Capital Partners for $14.76 per share, or approximately $1.0 billion, representing approximately 30% of the Company’s outstanding shares. Closing of this transaction will take place after payment to all shareholders, including General Atlantic and Oak Hill Capital Partners, of the special dividend of $2.24 per share described below. Following the closing, affiliates of General Atlantic and Oak Hill Capital Partners will own approximately 10% of the Company’s outstanding shares.

Special Dividend

On August 1, 2012, we announced our intention to pay a special cash dividend to all our shareholders of $2.24 per common share, or approximately $500.0 million in the aggregate. This dividend is intended to be funded through a combination of balance sheet cash and incremental debt expected to be raised from institutional lenders. Declaration and payment of the dividend is subject to the receipt of financing by the Company on satisfactory terms.

Acquisitions

From time to time we may make acquisitions or engage in other strategic transactions if suitable opportunities arise, and we may use cash, securities or other assets as consideration.

Subsequent to the end of the second quarter of 2012, we entered into a definitive agreement to acquire Triumph Engineering Corporation (“Triumph”), a U.S. based provider of engineering services to the aviation, energy, and oil and gas industries, for cash consideration of $3.6 million, subject to adjustment for closing date working capital and indebtedness. The agreement also provides for an additional deferred consideration and contingent earn-out consideration.

On May 14, 2012, we entered into a definitive agreement to acquire Atyati Technologies Private Limited (“Atyati”), a provider of cloud-hosted technology platform for the rural banking sector in India, for cash consideration of $17.6 million subject to adjustment for closing date cash and net working capital. As of June 30, 2012, the acquisition of Atyati has not yet been consummated due to the non-fulfillment of certain closing conditions specified in the acquisition agreement.

On April 25, 2012, we acquired Accounting Plaza B.V. (“Accounting Plaza”), a provider of finance and accounting, human resources, and PeopleSoft ERP services, for cash consideration of $38.7 million subject to adjustments based on transfer of pension funds, underfunding in pension funds, and sellers warranty breaches including certain other transactions and transaction costs. As of June 30, 2012, the purchase consideration for the acquisition is pending finalization of such adjustments. There are no contingent consideration arrangements in connection with the acquisition. The acquisition of Accounting Plaza was accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations.

The following table summarizes the preliminary allocation of the preliminary estimated purchase consideration based on the fair value of the assets acquired and the liabilities assumed as of the date of the acquisition:

	(dollars in millions)
Preliminary estimated purchase consideration	$	38.6
Acquisition related costs included in selling, general and administrative expenses		0.4
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	1.7
Current assets		11.3
Tangible fixed assets		2.0
Intangible assets		13.1
Deferred tax asset/ (liability), net		(2.7	)
Other non-current assets		1.0
Current liabilities		(9.1	)
Other liabilities		(4.2	)
Total identifiable net assets acquired	$	13.1
Goodwill		25.4
Total	$	38.6

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In October 2011, we acquired Empower Research, LLC (“Empower”), an integrated media and business research company for cash consideration of $17.1 million and a contingent earn-out payment ranging from $0 to $7.7 million based on gross profit to be generated in 2012. The acquisition of Empower was accounted for as a business combination under the acquisition method of accounting in accordance with ASC 805, Business Combinations.

The following table summarizes the allocation of the purchase price based on the fair value of the assets acquired and the liabilities assumed as of the date of the acquisition:

	(dollars in millions)
Purchase price:
Cash	$	16.2
Deferred consideration		0.8
Contingent consideration		4.5
Fair value of total purchase price	$	21.5
Acquisition related costs included in selling, general and administrative expenses		0.2
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	1.4
Current assets		2.2
Tangible fixed assets, net		0.1
Intangible assets		7.6
Deferred tax asset/ (liability), net		(3.0	)
Other non-current assets		0.5
Current liabilities		(2.6	)
Total identifiable net assets acquired	$	6.3
Goodwill		15.2
Total	$	21.5

In August 2011, we acquired a 72.8% membership interest in High Performance Partners LLC (“HPP”) and thereby increased our membership interest from 27.2% to 100%, making HPP a wholly owned subsidiary. We acquired the 72.8% membership interest for contingent earn-out consideration ranging from $0 to $16 million (based on earnings before interest, taxes, depreciation, and Amortization (EBITDA) levels generated in the 42 months following the acquisition, free cash flows generated, the successful completion of certain sale transactions, and revenue generated by our existing business that utilizes HPP technology), which had an estimated fair value of $6.4 million at the acquisition date. The acquisition of HPP was accounted for as a business combination under the acquisition method of accounting in accordance with ASC 805, Business Combinations. We re-measured the existing membership interest of 27.2%, which was previously being accounted for as an equity method investment, to its acquisition date fair value and accordingly recognized a non-cash gain of $0.02 million in the quarter ended September 30, 2011.

The following table summarizes the consideration to acquire HPP, the amounts of identified assets acquired and liabilities assumed as of the acquisition date, and the fair value of our existing investment in HPP as of the acquisition date:

	(dollars in millions)
Acquisition date fair value of contingent consideration	$	6.4
Acquisition date fair value of the Company’s investment in HPP held before the business combination		1.3
Total	$	7.7
Recognized amounts of identifiable assets acquired and liabilities assumed
Intangible assets	$	1.9
Current liabilities		(0.1	)
Total identifiable net assets assumed	$	1.8
Goodwill		6.0
Total	$	7.7

In July 2011, we acquired Nissan Human Information Services Co. Ltd., a Japanese company (“NHIS”), which provides human resource services, for cash consideration of $2.0 million. Following the acquisition, NHIS was renamed Genpact Japan Services Co., Ltd. The acquisition of NHIS was accounted for as a business combination under the acquisition method of accounting in accordance with ASC 805, Business Combinations.

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The following table summarizes the allocation of the purchase price based on the fair value of the assets acquired and the liabilities assumed as of the date of the acquisition:

	(dollars in millions)
Cash and cash equivalents	$	0.3
Current assets		5.6
Tangible fixed assets, net		0.7
Intangible assets		0.5
Deferred tax assets, net		0.3
Other non-current assets		0.02
Current liabilities		(5.4	)
Goodwill		0.01
Total	$	2.0

In May 2011, we acquired Headstrong Corporation (“Headstrong”), a global provider of comprehensive consulting and IT services with a specialized focus in capital markets and healthcare, for cash consideration of $550.0 million subject to adjustment based on closing date net working capital, funded indebtedness, seller expenses and cash and cash equivalents balances. The acquisition was funded with a combination of cash on hand and borrowings under a new credit facility.

The acquisition has been accounted for in the second quarter of 2011 under the acquisition method of accounting in accordance with ASC 805, Business Combinations. The assets and liabilities of Headstrong were recorded at fair value as of the date of the acquisition. During the current period, the fair value of assets and liabilities recorded as at the date of acquisition has been adjusted with a corresponding adjustment to goodwill for measurement period adjustments. The following table summarizes the final allocation of the purchase price based on the fair value of the assets acquired and the liabilities assumed as a result of the Headstrong acquisition:

	(dollars in millions)
Cash consideration	$	565.0
Acquisition related costs included in selling, general and administrative expenses		5.6
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	25.8
Current assets		62.1
Tangible fixed assets		14.6
Intangible assets		91.0
Deferred tax assets, net		21.7
Other non-current assets		12.0
Current liabilities		(42.8	)
Long term liabilities		(6.3	)
Total identifiable net assets acquired	$	178.2
Goodwill		386.8
Total	$	565.0

The following table summarizes the final amounts recognized for assets acquired and liabilities assumed as of the acquisition date, as well as adjustments made during the measurement period to the amounts initially recorded (measurement period adjustments).

	(dollars in millions)
	Amounts recognized as of Acquisition Date (Provisional)		Measurement Period Adjustments			Amounts recognized as of Acquisition Date (Final)
Cash and Cash equivalents	$	25.8		—		$	25.8
Net assets acquired, other than cash and cash equivalents		149.3		3.1			152.4
Goodwill		390.0		(3.2	)		386.8
Total purchase price	$	565.1	$	(0.1	)	$	565.0

In March 2011, we acquired Akritiv Technologies Inc. (“Akritiv”), a provider of cloud-based order-to-cash technology solutions with domain expertise in providing “Software As A Service” solutions for working capital optimization, for cash consideration of $1.6 million and contingent consideration with an estimated fair value of $1.7 million. The acquisition of Akritiv was accounted for as a business combination under the acquisition method of accounting in accordance with ASC 805, Business Combinations.

The following table summarizes the allocation of the purchase price based on the fair value of the assets acquired and the liabilities assumed as of the date of the acquisition:

	(dollars in millions)
Net assets and liabilities	$	(0.2	)
Other intangible assets		0.6
Goodwill		3.0
Deferred tax liabilities, net		(0.1	)
	$	3.3

Critical Accounting Policies and Estimates

For a description of our critical accounting policies, see Note 2—“Summary of significant accounting policies” under Item 1—“Financial Statements” above and Part-II Item-7—“Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates” in our Annual Report on Form 10-K for the year ended December 31, 2011.

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Results of Operations

The following table sets forth certain data from our income statement for the three months and six months ended June 30, 2011 and 2012.

													% Change
													Increase/(Decrease)
	Three months ended June 30,						Six months ended June 30,						Three months ended June 30,			Six months ended June 30,
	2011			2012			2011			2012			2012 Vs. 2011			2012 Vs. 2011
	(dollars in millions)						(dollars in millions)
Net revenues—GE	$	122.6		$	126.2		$	235.4		$	242.1			2.9	%		2.8	%
Net revenues—Global Clients		275.0			341.4			492.8			661.0			24.2	%		34.1	%
Total net revenues		397.6			467.6			728.2			903.1			17.6	%		24.0	%
Cost of revenue		254.0			285.2			468.5			550.7			12.3	%		17.5	%
Gross profit		143.6			182.4			259.7			352.4			27.0	%		35.7	%
Gross profit Margin %		36.1	%		39.0	%		35.7	%		39.0	%
Operating expenses
Selling, general and administrative expenses		86.7			114.3			154.2			219.3			31.7	%		42.2	%
Amortization of acquired intangible assets		5.1			5.8			8.2			11.1			12.6	%		34.8	%
Other operating (income) expense, net		0.7			(0.8	)		(0.3	)		(1.5	)		220.5	%		419.9	%
Income from operations		51.1			63.2			97.6			123.6			23.7	%		26.7	%
Income from operations % of Net revenues		12.8	%		13.5	%		13.4	%		13.7	%
Foreign exchange (gains) losses, net		(1.1	)		(22.0	)		(2.7	)		(18.3	)		1,844.9	%		578.8	%
Other income (expense), net		3.0			(0.7	)		6.1			(0.8	)		(123.1	)%		(113.4	)%
Income before Equity-method investment activity, net and income tax expense		55.2			84.4			106.4			141.1			52.9	%		32.6	%
Equity-method investment activity, net		0.1			0.0			0.3			0.0			(90.3	)%		(90.3	)%
Income before income tax expense		55.1			84.4			106.1			141.1			53.3	%		32.9	%
Income tax expense		14.4			21.6			27.5			38.0			50.7	%		38.3	%
Net Income		40.7			62.8			78.6			103.1			54.2	%		31.0	%
Net income attributable to noncontrolling interest		1.7			1.7			3.5			3.4			(1.3	)%		(2.8	)%
Net income attributable to Genpact Limited shareholders	$	39.0		$	61.1		$	75.1		$	99.6			56.6	%		32.6	%
Net income attributable to Genpact Limited shareholders % of Net revenues		9.8	%		13.1	%		10.3	%		11.0	%

“Net revenues-Global Clients” disclosed above includes revenues earned from Carnation Auto, a client in which one of our directors has a controlling interest, and General Atlantic, another client which is a significant shareholder in the Company.

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Three Months Ended June 30, 2012 Compared to the Three Months Ended June 30, 2011

Net revenues. Our net revenues increased by $70.0 million, or 17.6%, in the second quarter of 2012 to $467.6 million up from $397.6 million in the second quarter of 2011. Our growth in net revenues was primarily due to an increase in business process management services and information technology services for Global Clients as well as the acquisitions of Headstrong in the second quarter of 2011 and Accounting Plaza in the second quarter of 2012. Our average headcount increased by 20.4% to approximately 55,400 in the second quarter of 2012 from approximately 46,000 in the second quarter of 2011. Our revenue per employee was approximately $33.9 thousand in the second quarter of 2012 compared to approximately $35.0 thousand in the second quarter of 2011.

Revenues from business process management services as a percentage of total net revenues decreased to 76.0% in the second quarter of 2012 from 78.1% in the second quarter of 2011. Revenues from business process management services grew 14.3% to $355.2 million in the second quarter of 2012 from $310.6 million in the second quarter of 2011, primarily led by growth in revenues from Global Clients including revenues from the acquisition of Accounting Plaza. Revenues from our information technology business increased by $25.4 million, or 29.3%, in the second quarter of 2012 compared to the second quarter of 2011, primarily driven by the acquisition of Headstrong and growth in information technology services for Global Clients. Excluding Headstrong, information technology services revenues grew by 19.8% in the second quarter of 2012. As a percentage of net revenues, revenue from our information technology business increased to 24.0% in the second quarter of 2012 up from 21.9% in the second quarter of 2011.

Net revenues from GE increased by $3.6 million, or 2.9%. As described under “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Overview—Classification of Certain Net Revenues” in our Annual Report on Form 10-K for the year ended December 31, 2011, revenues from certain businesses in which GE ceased to be a 20% shareholder are classified as GE net revenues for the part of the year prior to their divesture by GE and as Global Clients net revenues following their divesture by GE. GE revenues for the second quarter of 2012 increased by 3.2% over the second quarter of 2011, after excluding such dispositions by GE in 2011. This increase was driven by growth in business process and information technology service offerings across GE businesses and was partially offset by deletions and price reductions in certain statements of work, or SOWs. As a result of higher growth in revenues from Global Clients, GE net revenues declined as a percentage of our total net revenues from 30.8% in the second quarter of 2011 to 27.0% in the second quarter of 2012.

Net revenues from Global Clients increased by $66.4 million, or 24.2%, compared to the second quarter of 2011. 38.8% of the increase in net revenues from Global Clients was attributable to the acquisitions of Headstrong in the second quarter of 2011 and Accounting Plaza in the second quarter of 2012. $17.1 million, or 25.8%, of the increase in net revenues from Global Clients was from clients in the banking, financial services and insurance industries. $16.4 million, or 24.6%, of the increase in net revenues from Global Clients was from clients in the consumer product goods, retail, hospitality, pharmaceutical, and healthcare industries. The balance of the increase in net revenues from Global Clients was from clients in the manufacturing and auto industries. A portion of the increase in net revenues from Global Clients was also related to GE ceasing to be a 20% shareholder in certain businesses and the reclassification of related net revenues of $0.3 million as described above. As a percentage of total net revenues, net revenues from Global Clients increased from 69.2% in the second quarter of 2011 to 73.0% in the second quarter of 2012.

Cost of revenue. The following table sets forth the components of our cost of revenue:

	Three Months Ended June 30,						% Change Increase/(Decrease)
	2011			2012			2012 vs. 2011
	(dollars in millions)
Personnel expenses	$	168.1		$	195.1			16.0	%
Operational expenses		72.5			78.1			7.6
Depreciation and amortization		13.4			12.1			(9.6	)
Cost of revenue	$	254.0		$	285.2			12.3	%
Cost of revenue as a percentage of total net revenues		63.9	%		61.0	%

Cost of revenue increased by $31.2 million, or 12.3%. This increase in cost of revenue was primarily attributable to higher personnel and operational expenses as a result of the acquisitions of Headstrong in the second quarter of 2011 and Accounting Plaza in the second quarter of 2012 as well as the general growth of our business.

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Two-thirds of the increase in cost of revenue relates to the acquisitions of Headstrong and Accounting Plaza. The remaining increase in cost of revenue was due to an increase in personnel expenses resulting from increased headcount and wage inflation. This increase in cost of revenue was partially offset by depreciation of the Indian rupee against the U.S. dollar in the second quarter of 2012 compared to the second quarter of 2011 and lower growth in the number of operations personnel resulting in reduced allocation to cost of revenue. As a result, our cost of revenue as a percentage of net revenues decreased from 63.9% in the second quarter of 2011 to 61.0% in the second quarter of 2012.

The largest component of the increase in cost of revenue was personnel expenses, which increased by $27.0 million, or 16.0%. 58.8% of the increase in personnel expenses relates to the acquisitions of Headstrong and Accounting Plaza. Our average operational headcount, other than related to such acquisitions, increased by approximately 4,800 employees, or 12.3%, in the second quarter of 2012 compared to the second quarter of 2011. The increase in personnel expenses was also due to hiring new employees to manage growth and overall wage inflation. In addition, revenues from our re-engineering, analytics and risk consulting business, which has higher compensation and benefit costs, increased faster than revenues from other businesses and the increase in costs for such businesses was in line with the increase in revenues. As a result, personnel expenses as a percentage of net revenues decreased from 42.3% in the second quarter of 2011 to 41.7% in the second quarter of 2012.

Operational expenses increased by $5.5 million, or 7.6%. 88.9% of the increase in operational expenses was due to the acquisitions mentioned above. The balance of the increase in operational expenses in the second quarter of 2012 was attributable to higher facility and infrastructure costs as a result of the expansion of our infrastructure and IT related facilities in India, China and Philippines, business related travel, and other expenses. This increase was offset by a decline in charges recoverable from clients, foreign exchange volatility as described above, and reduced allocation to cost of revenue due to lower growth in operations personnel in the second quarter of 2012. As a result, the operational expenses as a percentage of net revenues decreased from 18.2% in the second quarter of 2011 to 16.7% in the second quarter of 2012.

Depreciation and amortization expenses as a component of cost of revenue decreased by $1.3 million, or 9.6%. This decrease was due to reduced allocation to cost of revenue and the foreign exchange volatility as described above and was partially offset by the acquisition of Accounting Plaza in second quarter of 2012. As a result, as a percentage of net revenues, depreciation and amortization expenses declined to 2.6% in the second quarter of 2012 from 3.4% in the second quarter of 2011.

As a result of the foregoing, our gross profit increased by $38.8 million, or 27.0%, and our gross margin increased from 36.1% in the second quarter of 2011 to 39.0% in the second quarter of 2012.

Selling, general and administrative expenses. The following table sets forth the components of our selling, general and administrative expenses:

	Three Months Ended June 30,						% Change Increase/(Decrease)
	2011			2012			2012 vs. 2011
	(dollars in millions)
Personnel expenses	$	59.4		$	79.6			33.8	%
Operational expenses		25.3			32.5			28.5
Depreciation and amortization		2.0			2.2			10.6
Selling, general and administrative expenses	$	86.7		$	114.3			31.7	%
SG&A as a percentage of total net revenues		21.8	%		24.4	%

Selling, general and administrative expenses, or SG&A expenses, increased by $27.5 million, or 31.7%. Approximately one quarter of the increase in SG&A expenses was due to the acquisitions of Headstrong in the second quarter of 2011 and Accounting Plaza in the second quarter of 2012. $6.2 million, or 22.5%, of the increase in selling, general and administrative expenses relates to consultancy and legal fees including fees related to an anticipated change of shareholding and the proposed refinancing, travel and living expenses, higher facility and infrastructure related expenses, communication and other expenses. The increase in selling, general and administrative expenses was also due to higher allocation of cost due to lower growth in the number of operations personnel in the second quarter of 2012. The remaining increase in selling, general and administrative expenses was due to an increase in personnel expenses on account of increased headcount and wage inflation and was partially offset by the depreciation of the Indian rupee against the U.S. dollar in the second quarter of 2012 compared to the second quarter of 2011. As a result, as a percentage of net revenues, SG&A expenses increased from 21.8% in the second quarter of 2011 to 24.4% in the second quarter of 2012.

Personnel expenses increased by $20.1 million, or 33.8%. This increase in personnel expenses was as a result of increases in business development expenses due to hiring more experienced and higher cost employees, the above mentioned acquisitions, and general wage inflation. In addition, the increase in personnel expenses was also attributable to an increase in stock based

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compensation, which increased from $4.3 million in the second quarter of 2011 to $7.9 million in the second quarter of 2012. The increase in stock based compensation was primarily related to restricted stock unit grants issued in 2011 and performance stock unit grants issued in 2012. In addition, stock based compensation costs were lower in the second quarter of 2011 due to adjustments made for higher forfeitures. As a percentage of net revenues, personnel expenses increased from 14.9% in the second quarter of 2011 to 17.0% in the second quarter of 2012.

The operational expenses component of SG&A expenses increased by $7.2 million, or 28.5%. Approximately 35.5% of the increase in operational expenses relates to higher facility and infrastructure related expenses, including higher allocation to SG&A expenses as described above, and communication and other expenses. In addition, approximately one quarter of the increase in operational expenses was due to consultancy and legal fees for an anticipated change of shareholding and the proposed refinancing. The increase in operational expenses was also due to the acquisitions of Headstrong and Accounting Plaza, which contributed 13.0% of the increase in operational expenses. The balance of the increase in operational expenses was attributable to higher travel and living expenses due to increased travel by sales personnel but was partially offset by foreign exchange volatility as described above. As a result, operational expenses as a percentage of net revenues increased from 6.4% in the second quarter of 2011 to 6.9% in the second quarter of 2012.

Depreciation and amortization expenses as a component of SG&A expenses increased by $0.2 million to $2.2 million in the second quarter of 2012. This increase in depreciation and amortization expenses was due to higher allocation to SG&A expenses as described above and the acquisition of Accounting Plaza in the second quarter of 2012.

Amortization of acquired intangibles. In the second quarters of 2011 and 2012, we continued to incur amortization charges of $5.1 million and $5.8 million, respectively. As a result of the acquisitions of Headstrong and Accounting Plaza, amortization of acquired intangibles increased by $1.1 million, which was partially offset by a $0.5 million decline in the amortization of acquired intangibles resulting from the 2004 reorganization when we began operating as an independent company. In each case, the amortization was consistent with the applicable amortization method and estimated useful life.

Other operating (income) expense, net. Other operating income consisting of income from shared services with GE for use of our Delivery Centers and certain support functions that GE manages and operates with its own employees, increased to $0.8 million of income in the second quarter of 2012 compared to a $0.7 million loss in the second quarter of 2011. The loss in the second quarter of 2011 was due to the impairment of certain capital work-in-progress items, which was a non-recurring event. We do not recognize shared services income as net revenues because it is not currently one of our primary service offerings; however, our costs arising from shared services are included in cost of revenue and SG&A.

Income from operations. As a result of the foregoing factors, income from operations increased by $12.1 million to $63.2 million in the second quarter of 2012. As a percentage of net revenues, income from operations increased from 12.8% in the second quarter of 2011 to 13.5% in the second quarter of 2012.

Foreign exchange (gains) losses, net. We recorded a foreign exchange gain of $22.0 million in the second quarter of 2012, primarily due to the re-measurement of our non-functional currency assets and liabilities and related foreign exchange contracts resulting from depreciation of the Indian rupee against the U.S. dollar in the second quarter of 2012. This compares with a foreign exchange gain of $1.1 million in the second quarter of 2011.

Other income (expense), net. The following table sets forth the components of other income (expense), net:

	Three Months ended June 30,						% Change Increase/(Decrease)
	2011			2012			2012 vs. 2011
Interest income	$	3.6		$	2.4			(33.9	)%
Interest expense		(1.9	)		(3.4	)		76.1
Other income		1.4			0.3			(76.2	)
Other income (expense), net	$	3.0		$	(0.7	)		(123.1	)%
Other income (expense), net as a percentage of total net revenues		0.8	%		(0.1	)%

We recorded interest expense, net of other income, of $0.7 million in the second quarter of 2012 compared to other income, net of interest expense, of $3.0 million in the second quarter of 2011. The change was primarily driven by an increase in interest expense due to borrowings under our new credit facility. As a result of these borrowings, the weighted average rate of interest with respect to outstanding debt under our credit facility increased from 1.8% in the second quarter of 2011 to 2.1% in the second quarter of 2012. The net increase in expenses was also attributable to lower interest income of $2.4 million in the second quarter of 2012 compared to $3.6 million in the second quarter of 2011 after our transfer of surplus funds in the first quarter of 2012 from operating entities to lower interest bearing accounts in U.S, and to interest earned on an income tax refund received in the second quarter of 2011.

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Income before equity method investment activity, net, and income tax expense. As a result of the foregoing factors, income before equity method investment activity, net, and income tax expenses increased by $29.2 million. As a percentage of net revenues, income before equity method investment activity, net, and income tax increased from 13.9% in the second quarter of 2011 to 18.1% in the second quarter of 2012.

Equity method investment activity, net. This represents our share of loss from our non-consolidated affiliates, NGEN Media Services Private Limited, a joint venture with NDTV Networks Plc., and NIIT Uniqua, a joint venture with NIIT, one of the largest training institutes in Asia.

Income before income tax expense. As a result of the foregoing factors, income before income tax expense increased by $29.3 million. As a percentage of net revenues, income before income tax expense increased from 13.9% of net revenues in the second quarter of 2011 to 18.1% of net revenues in the second quarter of 2012.

Income tax expense. Our income tax expense increased from $14.4 million in the second quarter of 2011 to $21.6 million in the second quarter of 2012, representing an effective tax rate of 26.1% in the second quarter of 2012, down from 26.9% in the second quarter of 2011. This decrease was primarily driven by benefits related to the settlement of prior year tax liabilities with various tax authorities and the growth of our operations in low tax and tax-exempt locations, and was offset by the complete sunset of the Indian tax holiday under the STPI regime for remaining exempt locations effective March 31, 2011.

Net income. As a result of the foregoing factors, net income increased by $22.1 million from $40.7 million in the second quarter of 2011 to $62.8 million in the second quarter of 2012. As a percentage of net revenues, our net income increased from 10.2% of net revenues in the second quarter of 2011 to 13.4% of net revenues in the second quarter of 2012.

Net income attributable to noncontrolling interest. The noncontrolling interest was primarily due to the acquisition of E-Transparent B.V. and certain related entities, or ICE, in 2007. It represents the apportionment of profits to the minority partners of ICE. The net income attributable to noncontrolling interest remained constant at $1.7 million for second quarters of 2011 and 2012.

Net income attributable to Genpact Limited shareholders. As a result of the foregoing factors, net income attributable to Genpact Limited shareholders increased by $22.1 million from $39.0 million in the second quarter of 2011 to $61.1 million in the second quarter of 2012. As a percentage of net revenues, our net income increased from 9.8% of net revenues in the second quarter of 2011 to 13.1% of net revenues in the second quarter of 2012.

Six Months Ended June 30, 2012 Compared to the Six Months Ended June 30, 2011

Net revenues. Our net revenues increased by $174.9 million, or 24.0%, in the first half of 2012 to $903.1 million compared to $728.2 million in the first half of 2011. Our growth in net revenues is primarily a result of an increase in Genpact business process management services and information technology services for Global Clients as well as the acquisitions of Headstrong in the second quarter of 2011 and Accounting Plaza in the second quarter of 2012. Our average headcount increased by 22.5% to approximately 54,800 employees in the first half of 2012 up from approximately 44,700 employees in the first half of 2011. Our average revenue per employee was approximately $33.4 thousand in the first half of 2012 compared to $34.5 thousand in the first half of 2011.

Revenues from business process management services as a percentage of total net revenues decreased to 75.9% in the first half of 2012 from 82.2% in the first half of 2011. Revenues from business process management grew 14.5% to $685.4 million in the first half of 2012 from $598.7 million in the first half of 2011, primarily led by growth in revenues from Global Clients, including revenues from the acquisition of Accounting Plaza and revenues from Headstrong’s business consulting services. Revenue from our information technology business increased by $88.3 million, or 68.2%, in the first half of 2012 compared to the first half of 2011, primarily driven by the acquisition of Headstrong and growth in information technology services for Global Clients. Excluding Headstrong, information technology services revenues grew by 18.9% in the first half of 2012. As a percentage of net revenues, revenue from our information technology business increased to 24.1% in the first half of 2012 from 17.8% in the first half of 2011.

Net revenues from GE increased by $6.7 million, or 2.8%. As described under “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Overview—Classification of Certain Net Revenues” in our Annual Report on Form 10-K for the year ended December 31, 2011, revenues from certain businesses in which GE ceased to be a 20% shareholder are classified as GE net revenues for the part of the year prior to their divesture by GE and as Global Clients net revenues after their divesture by GE. Revenues from GE for the first half of 2012 increased by 3.1% over the first half of 2011 after excluding such dispositions by GE in 2011. This increase was driven by growth in business process management and information technology service offerings across GE businesses and was partially offset by deletions and price reductions in certain statements of work, or SOWs. As a result of the higher growth in revenues from Global Clients, GE net revenues declined as a percentage of our total net revenues from 32.3% in the first half of 2011 to 26.8% in the first half of 2012.

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Net revenues from Global Clients increased by $168.2 million, or 34.1% compared to the first half of 2011. More than half of the increase in net revenues from Global Clients was attributable to the acquisition of Headstrong in the second quarter of 2011 and Accounting Plaza in the second quarter of 2012. $39.4 million, or 23.4% of the increase in net revenues from Global Clients was from clients in the consumer product goods, retail, hospitality, pharmaceutical, and healthcare industries. $24.9 million, or 14.8%, of the increase in net revenues from Global Clients was from clients in the banking, financial services and insurance industries. The balance of the increase in net revenues from Global Clients was from clients in the manufacturing and auto industries. A portion of the increase in net revenues from Global Clients was also related to GE ceasing to be a 20% shareholder in certain businesses and the reclassification of related net revenues of $0.6 million as described above. As a percentage of total net revenues, net revenues from Global Clients increased from 67.7% in the first half of 2011 to 73.2% in the first half of 2012.

Cost of revenue. The following table sets forth the components of our cost of revenue:

	Six Months Ended June 30,						% Change Increase/(Decrease)
	2011			2012			2012 vs. 2011
	(dollars in millions)
Personnel expenses	$	311.9		$	380.6			22.0	%
Operational expenses		130.1			146.0			12.3
Depreciation and amortization		26.6			24.0			(9.6	)
Cost of revenue	$	468.5		$	550.7			17.5	%
Cost of revenue as a percentage of total net revenues		64.3	%		61.0	%

Cost of revenue increased by $82.2 million, or 17.5%. This increase in cost of revenue was primarily attributable to higher personnel and operational expenses as a result of the acquisitions of Headstrong in the second quarter of 2011 and Accounting Plaza in the second quarter of 2012 as well as the general growth of our business.

Approximately three quarters of the increase in cost of revenue relates to the acquisitions of Headstrong and Accounting Plaza. $6.4 million, or 7.8%, of the increase in cost of revenue relates to higher facility and infrastructure related expenses, business related travel, communication and other expenses partially offset by decline in charges recoverable from clients. The remaining increase in cost of revenue was due to an increase in personnel expenses on account of increased headcount and wage inflation. This increase in cost of revenue was partially offset by (i) higher realization on our India rupee-U.S. dollar hedges and the depreciation of the Indian rupee against the U.S. dollar in the first half of 2012 compared to the first half of 2011 and (ii) lower growth in the number of operations personnel resulting in reduced allocation to cost of revenue. As a result, our cost of revenue as a percentage of net revenues decreased from 64.3% in the first half of 2011 to 61.0% in the first half of 2012.

The largest component of the increase in cost of revenue was personnel expenses, which increased by $68.8 million, or 22.0%. More than two thirds of the increase in personnel expenses relates to the acquisitions of Headstrong and Accounting Plaza. Our average operational headcount, excluding the acquisitions, increased by approximately 4,600 employees, or 11.8%, in the first half of 2012 compared to the first half of 2011. The increase was also due to hiring new employees to manage growth and overall wage inflation. In addition, revenues from our re-engineering, analytics and risk consulting business, which has higher compensation and benefit costs, increased faster than revenues from our other businesses and the increase in costs for such businesses was in line with the increase in revenues. The increase in cost of revenue was partially offset by foreign exchange volatility as described above. As a result, personnel expenses as a percentage of net revenues decreased from 42.8% in the first half of 2011 to 42.1% in the first half of 2012.

Operational expenses increased by $15.9 million, or 12.3%. Approximately 86.1% of the increase in operational expenses was due to the acquisitions of Headstrong and Accounting Plaza. The balance of the increase in operational expenses in the first half of 2012 were due to higher facility and infrastructure costs as a result of the expansion of our infrastructure and IT related facilities in India, China and Philippines, and to business related travel, communication and other expenses. This increase was partially offset by a decline in charges recoverable from clients, foreign exchange volatility as described above, and reduced allocation to cost of revenue due to lower growth in operations personnel in the first half of 2012. As a result, the operational expenses as a percentage of net revenues decreased from 17.9% in the first half of 2011 to 16.2% in the first half of 2012.

Depreciation and amortization expenses as a component of cost of revenue decreased by $2.5 million, or 9.6%. This decrease was due to reduced allocation to cost of revenue and the foreign exchange volatility as described above, and was partially offset by the acquisitions of Headstrong and Accounting Plaza. As a percentage of net revenues, depreciation and amortization expenses declined to 2.7% in the first half of 2012 from 3.6% in the first half of 2011.

As a result of the foregoing, our gross profit increased by $92.8 million, or 35.7%, and our gross margin increased from 35.7% in the first half of 2011 to 39.0% in the first half of 2012.

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Selling, general and administrative expenses. The following table sets forth the components of our selling, general and administrative expenses:

	Six Months Ended June 30,						% Change Increase/(Decrease)
	2011			2012			2012 vs. 2011
	(dollars in millions)
Personnel expenses	$	107.0		$	150.5			40.7	%
Operational expenses		43.4			64.4			48.3
Depreciation and amortization		3.8			4.4			15.1
Selling, general and administrative expenses	$	154.2		$	219.3			42.2	%
SG&A as a percentage of total net revenues		21.2	%		24.3	%

Selling, general and administrative expenses, or SG&A expenses, increased by $65.1 million, or 42.2%. More than one third of the increase in SG&A expenses was due to the acquisitions of Headstrong in the second quarter of 2011 and Accounting Plaza in the second quarter of 2012. $17.6 million, or 27.1%, of the increase in selling, general and administrative expenses relates to consultancy and legal fees including fees related to an anticipated change of shareholding and the proposed refinancing, travel and living expenses, higher facility and infrastructure related expenses, communication and other expenses. The increase in selling, general and administrative expenses was also due to higher allocation of cost due to lower growth in the number of operations personnel in the first half of 2012. The balance of the increase in selling, general and administrative expenses was to the result of an increase in personnel expenses due to increased headcount and wage inflation and was partially offset by higher realization on our Indian rupee-U.S. dollar hedges and the depreciation of the Indian rupee against the U.S. dollar in the first half of 2012 compared to the first half of 2011. As a result, as a percentage of net revenues, SG&A expenses increased from 21.2% in the first half of 2011 to 24.3% in the first half of 2012.

Personnel expenses increased by $43.5 million, or 40.7%. This increase in personnel expenses was as a result of increases in business development expenses due to hiring more experienced and higher cost employees, the above mentioned acquisitions, and general wage inflation. In addition, the increase in personnel expenses was also attributable to an increase in stock based compensation, which increased from $6.6 million in the first half of 2011 to $13.5 million in the first half of 2012. The increase in stock based compensation was primarily related to performance and restricted stock grants issued in 2011 and performance stock grants issued in 2012. Our stock based compensation costs were lower in the first half of 2011 due to adjustments made for higher forfeitures. The increase in personnel expenses was partially offset by foreign exchange volatility as described above. As a percentage of net revenues, personnel expenses increased from 14.7% in the first half of 2011 to 16.7% in the first half of 2012.

The operational expenses component of SG&A expenses increased by $21.0 million, or 48.3%. Approximately half of this increase relates to higher facility and infrastructure related expenses, including higher allocation to SG&A expenses as described above, and communication and other expenses. In addition, approximately 11.9% of the increase in operational expenses was due to consultancy and legal fees for an anticipated change of shareholding and the proposed refinancing. The increase in operational expenses was also due to the acquisitions mentioned above, which contributed 18.8% of the increase in operational expenses. The balance of the increase in operational expenses was attributable to higher travel and living expenses due to increased travel by sales personnel and was partially offset by foreign exchange volatility as described above. As a result, operational expenses as a percentage of net revenues increased from 6.0% in the first half of 2011 to 7.1% in the first half of 2012.

Depreciation and amortization expenses as a component of SG&A expenses increased by $0.6 million to $4.4 million in the first half of 2012. This increase in depreciation and amortization expenses was due to higher allocation to SG&A expenses as described above and acquisitions. Depreciation and amortization expenses, as a percentage of net revenues remained constant at 0.5% in the first half of 2011 and 2012.

Amortization of acquired intangibles. In the first half of 2011 and 2012, we incurred amortization charges of $8.2 million and $11.1 million, respectively. As a result of the acquisition of Headstrong, amortization of acquired intangibles increased by $3.2 million, which increase was partially offset by a decline in the amortization of acquired intangibles resulting from the 2004 reorganization when we began operating as an independent company. In each case, the amortization was consistent with the applicable amortization method and estimated useful life.

Other operating (income) expense, net. Other operating income, consisting primarily of income from shared services with GE for the use of our Delivery Centers and certain support functions that GE manages and operates with its own employees, increased to $1.5 million in the first half of 2012 compared to $0.3 million in the first half of 2011. The increase was the result of lower other operating income in the first half of 2011 due to the impairment of certain capital work-in-progress items. We do not recognize the shared services income as net revenues because it is not currently one of our primary service offerings; however, our costs arising from shared services are included in cost of revenue and SG&A.

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Income from operations. As a result of the foregoing factors, income from operations increased by $26.0 million to $123.6 million in the first half of 2012. As a percentage of net revenues, income from operations increased from 13.4% in the first half of 2011 to 13.7% in the first half of 2012.

Foreign exchange (gains) losses, net. We recorded a foreign exchange gain of $18.3 million in the first half of 2012, primarily due to the re-measurement of our non-functional currency assets and liabilities and related foreign exchange contracts resulting from the depreciation of the Indian rupee against the U.S. dollar compared to a foreign exchange gain of $2.7 million in the first half of 2011.

Other income (expense), net. The following table sets forth the components of other income (expense), net:

	Six Months ended June 30,						% Change Increase/(Decrease)
	2011			2012			2012 vs. 2011
Interest income	$	7.2		$	5.5			(23.1	)%
Interest expense		(2.6	)		(7.0	)		167.9
Other income		1.6			0.6			(59.5	)
Other income (expense), net	$	6.1		$	(0.8	)		(113.4	)%
Other income (expense), net as a percentage of total net revenues		0.8	%		(0.1	)%

We recorded interest expense, net of other income, of $0.8 million in the first half of 2012 compared to other income, net of interest expense, of $6.1 million in the first half of 2012. The change was primarily driven by an increase in interest expense due to borrowings under our new credit facility. As a result of these borrowings, the weighted average rate of interest with respect to outstanding debt under our credit facility increased from 1.8% in the first half of 2011 to 2.2% in the first half of 2012. The net increase in expenses also resulted from lower interest income of $5.5 million in the first half of 2012 compared to $7.2 million in the first half of 2011 due to the transfer of surplus funds from operating entities to lower interest bearing accounts in the U.S and interest earned on an income tax refund received in the first half of 2011.

Income before equity method investment activity, net, and income tax expense. As a result of the foregoing factors, income before equity method investment activity, net, and income tax expense increased by $34.7 million. As a percentage of net revenues, income before equity method investment activity, net, and income tax expense increased from 14.6% in the first half of 2011 to 15.6% in the first half of 2012.

Equity method investment activity, net. This represents our share of loss from our non-consolidated affiliates, NGEN Media Services Private Limited, a joint venture with NDTV Networks Plc., and NIIT Uniqua, a joint venture with NIIT, one of the largest training institutes in Asia.

Income before income tax expense. As a result of the foregoing factors, income before income tax expense increased by $34.9 million. As a percentage of net revenues, income before income tax expense increased from 14.6% of net revenues in the first half of 2011 to 15.6% of net revenues in the first half of 2012.

Income tax expense. Our income tax expense increased from $27.5 million in the first half of 2011 to $38.0 million in the first half of 2012, representing an effective tax rate of 27.6% in the first half of 2012, up from 26.8% in first half of 2011. This increase is primarily driven by the complete sunset of the Indian tax holiday under the STPI regime for remaining exempt locations effective March 31, 2011 and was offset by benefits related to the settlement of prior year tax liabilities with various tax authorities and the growth of our operations in low tax and tax-exempt locations.

Net income. As a result of the foregoing factors, net income increased by $24.4 million from $78.6 million in the first half of 2011 to $103.1 million in the first half of 2012. As a percentage of net revenues, our net income increased from 10.8% of net revenues in the first half of 2011 to 11.4% of net revenues in the first half of 2012.

Net income attributable to noncontrolling interest. The noncontrolling interest is primarily due to the acquisition of E-Transparent B.V. and certain related entities, or ICE, in 2007. It primarily represents the apportionment of profits to the minority partners of ICE. The net income attributable to noncontrolling interest decreased from $3.5 million in the first half of 2011 to $3.4 million in the first half of 2012.

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Net income attributable to Genpact Limited shareholders. As a result of the foregoing factors, net income attributable to Genpact Limited shareholders increased by $24.5 million from $75.1 million in the first half of 2011 to $99.6 million in the first half of 2012. As a percentage of net revenues, our net income increased from 10.3% of net revenues in the first half of 2011 to 11.0% in the first half of 2012.

Liquidity and Capital Resources

Overview

Information about our financial position as of December 31, 2011 and June 30, 2012 is presented below:

	As of December 31, 2011		As of June 30, 2012		% Change Increase/(Decrease)
	(dollars in millions)
Cash and cash equivalents	$	408.0	$	436.3		6.9	%
Short term deposits		—		5,249		NM	*
Short-term borrowings		252.0		251.0		(0.4	)
Long-term debt due within one year		29.0		29.2		0.6
Long-term debt other than the current portion		73.9		59.3		(19.8	)
Genpact Limited total shareholders’ equity	$	1,433.1	$	1,453.6		1.4	%

* Not measurable.

Financial Condition

We finance our operations and our expansion with cash from operations and short-term borrowing facilities.

Our cash and cash equivalents were $436.3 million as of June 30, 2012 up from $408.0 million as of December 31, 2011. Our cash and cash equivalents as of June 30, 2012 were comprised of (a) $153.7 million in cash in current accounts across all operating locations to be used for working capital and immediate capital requirements, (b) $148.0 million in deposits with banks to be used for medium term planned expenditure and capital requirements, (c) $134.0 million in U.S. Treasury bills with an original maturity of less than three months and (d) $0.6 million as restricted cash balance.

As of June 30, 2012, $203.1 million of the $436.3 million of cash and cash equivalents was held by our foreign subsidiaries and branch offices. We intend to either permanently reinvest $188.1 million of the cash held by our foreign subsidiaries or repatriate it in a tax-free manner. We have accrued U.S. taxes on the remaining cash of $15.0 million held by one of our foreign subsidiaries and the same can be repatriated to the U.S. without accruing any additional U.S. tax expense.

We expect that in the future our cash from operations, cash reserves and debt capacity will be sufficient to finance our operations as well as our growth and expansion. Our working capital needs are primarily to finance our payroll and other related administrative and information technology expenses in advance of the receipt of accounts receivable. Our capital requirements include the opening of new Delivery Centers, as well as financing acquisitions.

Cash flows from operating, investing and financing activities, as reflected in our consolidated statements of cash flows, are summarized in the following table:

	Six Months Ended June 30,						% Change
	2011			2012			Increase/(Decrease)
	(dollars in millions)
Net cash provided by (used for)
Operating activities	$	82.0		$	132.1			(61.0	)%
Investing activities		(495.7	)		(84.5	)		(82.9	)
Financing activities		340.0			(17.5	)		105.2
Net increase (decrease) in cash and cash equivalents	$	(73.7	)	$	30.0			(140.7	)%

Cash flows from operating activities. Our net cash generated from operating activities was $132.1 million in the first half of 2012 up from $82.0 million in the first half of 2011. This increase in cash flow from operating activities was primarily driven by receipt of a substantial upfront payment of $33.0 million from a large existing client, to fund certain investments to be made, including upgrading facilities, infrastructure and technology used to service that client’s processes. Our net income adjusted for amortization and depreciation and other non-cash items increased by $7.2 million resulting in increased cash flow from operations.

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This increase was also on account of an increase in collections of accounts receivables of $7.9 million primarily due to improved receivables management. In addition, there was an increase in liabilities due to the receipt of $12.0 million from the client mentioned above, to be refunded over the next six years if the client meets its specified revenue commitments each year. This increase was partially offset by payments for taxes due primarily on 2011 income and security deposits for new sites.

Cash flows from investing activities. Our net cash used for investing activities was $84.5 million in the first half of 2012 compared to $495.7 million in the first half of 2011. This decrease in net cash used for investing activities was primarily due to the payment of $36.9 million, net of cash acquired, to acquire Accounting Plaza in the first half of 2012 compared to $561.1 million paid for the acquisitions of Headstrong and Akritiv, net of cash acquired, during the first half of 2011. The decrease was partially offset by the proceeds of $77.0 million from sale of U.S. Treasury bills, net of purchases, during the first half of 2011. The decrease was also partially offset by the payments for purchases of property, plant and equipment (net of sale proceeds) of $41.3 million in the first half of 2012 compared to $11.6 million in the first half of 2011 and payments of $6.1 million for short term deposits (net of redemption of deposits) in the first half of 2012.

Cash flows from financing activities. Our net cash used for financing activities was $17.5 million in the first half of 2012, compared to net cash provided by financing activities of $340.0 million in the first half of 2011. This decrease was primarily due to the repayment of $1.0 million of our short term borrowings and $15.0 million of our long term borrowings in the first half of 2012 compared to receipt of proceeds of $252.0 million from short term borrowings (net of repayments) and $95.0 million from long term borrowings (net of repayment of $25.0 million due under the credit agreement terminated in April 2011) in the first half of 2011. In addition, the decrease was due to lower proceeds from the issuance of common shares upon the exercise of employee stock options of $3.8 million in the first half of 2012 compared to $6.0 million in first half of 2011. This decrease was partially offset by payment of $8.3 million in the first half of 2011 for expenses directly relating to the new credit facility entered during the second quarter of 2011.

Financing Arrangements (Credit Facility)

Total long-term debt excluding capital lease obligations was $88.5 million as of June 30, 2012 compared to $102.9 million as of December 31, 2011. The weighted average rate of interest with respect to outstanding long-term loans under the credit facility was 2.2% for the six months ended June 30, 2012 compared to 1.8% for the six months ended June 30, 2011.

We finance our short-term working capital requirements through cash flow from operations and credit facilities from banks and financial institutions. As of June 30, 2012, short-term credit facilities available to the Company aggregated $260.0 million, which are under the same agreement as our new long-term debt facility. Out of this, a total of $259.3 million was utilized, representing a funded drawdown of $251.0 million and non-funded drawdown of $8.3 million. In addition, we have fund-based and non-fund-based credit facilities of $17.2 million with banks for operational requirements, out of which a total of $3.5 million representing a non-funded drawdown was utilized.

In the third quarter of 2012, we plan to obtain a new credit facility on terms satisfactory to the Company of approximately $925.0 million consisting of a $250.0 million revolving credit facility and a term loan of $675.0 million from U.S. institutional lenders which will replace our existing credit facility. We plan to utilize the full term loan and partial revolving credit facility to finance the special dividend and repay the existing long term and short term debt. The balance may be utilized for pursuing growth opportunities.

Off-Balance Sheet Arrangements

Our off-balance sheet arrangements consist of foreign exchange contracts and certain operating leases. For additional information, see “Contractual Obligations” below.

Contractual Obligations

The following table sets forth our total future contractual obligations as of June 30, 2012:

	Total		Less than 1 year		1-3 years		3-5 years		After 5 years
Short-term borrowings	$	251.0	$	251.0	$	—	$	—	$	—
Long-term debt		88.5		29.2		59.3		—		—
Capital leases		3.3		1.4		1.4		0.5		—
Operating leases		156.2		31.8		53.8		54.0		16.6
Purchase obligations		14.1		14.1		—		—		—
Capital commitments net of advances		11.4		11.4		—		—		—
Contingent Consideration Fair Value		15.9		1.6		14.2		—		—
Other long-term liabilities		279.4		95.7		136.8		46.9		—
Total contractual cash obligations	$	819.7	$	436.1	$	265.5	$	101.4	$	16.6

44

Recent Accounting Pronouncements

Recently adopted accounting pronouncements

For a description of recently adopted accounting pronouncements, see Note 2—“Recently adopted accounting pronouncements” under Item 1—“Financial Statements” above and Part-II Item-7—“Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates” in our Annual Report on Form 10-K for the year ended December 31, 2011.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

During the six months ended June 30, 2012, there were no material changes in our market risk exposure. For a discussion of our market risk associated with foreign currency risk, interest rate risk and credit risk, see Item 7A “Quantitative and Qualitative Disclosures about Market Risk” in our Annual Report on Form 10-K for the year ended December 31, 2011.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are the Company’s controls and other procedures which are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934 (the “Exchange Act”) is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

As of the end of the period covered by this report, the Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Company’s Chief Executive Officer and the Company’s Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures pursuant to the Exchange Act Rule 13a-15(b). Based upon that evaluation, the Company’s Chief Executive Officer and the Company’s Chief Financial Officer concluded that the Company’s disclosure controls and procedures are effective in timely alerting them to material information relating to the Company (including its consolidated subsidiaries) required to be included in the Company’s periodic SEC filings.

Changes in Internal Controls Over Financial Reporting

There have been no changes in the Company’s internal controls over financial reporting during the quarter ended June 30, 2012 that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.

PART II

Item 1. Legal Proceedings

There are no legal proceedings pending against us that we believe are likely to have a material adverse effect on our business, results of operations and financial condition.

Item 1A. Risk Factors

We have disclosed under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2011 the risk factors that materially affect our business, financial condition or results of operations. You should carefully consider the “Risk Factors” set forth in our Annual Report on Form 10-K for the year ended December 31, 2011 and the other information set forth below and elsewhere in this Quarterly Report on Form 10-Q. You should be aware that these risk factors and other information may not describe every risk facing our Company. Additional risks and uncertainties not currently known to us also may materially adversely affect our business, financial condition and/or results of operations.

Tax matters, new legislation and actions by taxing authorities may have an adverse effect on our operations, effective tax rate and financial condition.

We are subject to income taxes in the United States and numerous foreign jurisdictions. Our tax expense and cash tax liability in the future could be adversely affected by numerous factors, including, but not limited to, changes in tax laws, regulations, accounting principles or interpretations and the potential adverse outcome of tax examinations and pending tax-related litigation. Changes in the valuation of deferred tax assets and liabilities, which may result from a decline in our profitability or changes in tax rates or legislation, could have a material adverse effect on our tax expense.

The Government of India may assert that certain of our clients have a “permanent establishment” in India by reason of the activities we perform on their behalf, particularly those clients that exercise control over or have substantial dependency on our services. Such an assertion could affect the size and scope of the services requested by such clients in the future.

45

The Government of India had served notice on the Company about its potential liability, as a representative assessee of GE, for Indian tax upon GE’s 2004 transfer of shares of a predecessor of the Company. GE challenged the positions of the Government of India in the Delhi High Court, naming Genpact India (one of our subsidiaries) as a necessary party but without seeking relief against Genpact India. We believe that if Indian tax were due upon that transfer, it could not be successfully asserted against us as a representative assessee. Moreover, GE is obligated to indemnify us for any tax on its 2004 transfer of shares. On August 12, 2011, the Delhi High Court ruled that Genpact India cannot be held to be a representative assessee in this transaction. The tax authorities have filed an appeal with the Supreme Court of India against this ruling, which is pending.

In respect of certain of our transactions, including our global acquisitions (which included subsidiaries organized under Indian law or owning assets located there), the sale of our shares in our initial public offering or otherwise by our existing significant shareholders or certain internal reorganizations, the Indian tax authorities may argue that Indian tax is chargeable in as much as the indirect transfer of Indian subsidiaries in connection with those transactions, respectively, is involved and may seek to impose tax on us directly or as a withholding agent or representative assessee of the sellers.

On January 20, 2012, the Indian Supreme Court ruled in the case of Vodafone International Holdings B.V. that an indirect transfer of shares in an Indian company (through transfer of an overseas company) could not be taxed in India and accordingly would not be subject to Indian withholding tax requirements. On May 28, 2012, the Government of India enacted legislation purporting to clarify the intent of existing tax law (and hence the law applicable in prior periods) to tax “all income accruing or arising, whether directly or indirectly, through or from any business connection in India, or through or from any property in India, or through or from any asset or source of income in India, or through the transfer of a capital asset situate in India”. The legislation also provides that an “asset or a capital asset being any share or interest in a company or entity registered or incorporated outside India shall be deemed to be and shall always be deemed to have been situated in India, if the share or interest derives, directly or indirectly, its value substantially from the assets located in India”. Public commentary on the legislation, including statements by various officials of the Government of India, has suggested that the legislation was intended to allow for taxation of indirect transfer of shares in an Indian company, possibly with retrospective effect. The full implications and scope of this legislation, and how its provisions will be interpreted and applied are presently unclear, but arguably could apply to certain transactions involving the Company as noted above.

Furthermore, the Government of India, the United States or other jurisdictions could enact new tax legislation, including anti-avoidance provisions, which would have a material adverse effect on our business, results of operations and financial condition. In addition, our ability to repatriate surplus earnings from our Delivery Centers in a tax-efficient manner is dependent upon interpretations of local laws, possible changes in such laws and the renegotiation of existing double tax avoidance treaties. Changes to any of these may adversely affect our overall tax rate or the cost of our services to our clients, or impose additional levels of tax upon us, any of which could have a material adverse effect on our business, results of operations and financial condition. The legislation enacted by the Government of India referred to above includes new anti-avoidance provisions. The new anti-avoidance provisions will not be implemented until April 1, 2013. The full implications, scope and applicability of the new anti-avoidance provisions are presently unclear.

Future sales of our common shares could cause our share price to decline.

Sales of substantial amounts of common shares by our employees and other shareholders, or the possibility of such sales, may adversely affect the price of our common shares and impede our ability to raise capital through the issuance of equity securities. As of

46

December 31, 2011, each of General Atlantic and Oak Hill beneficially owned approximately 20% of our outstanding common shares. Such shareholders are able to sell their common shares in the public market from time to time without registering them, subject to certain limitations on the timing, amount and method of those sales imposed by Rule 144 under the Securities Act of 1933, as amended.

Pursuant to our shareholders agreement, General Atlantic and Oak Hill have the right, subject to certain conditions, to require us to file registration statements covering all of the common shares which they own or to include those common shares in registration statements that we may file for ourselves.

On August 1, 2012, the Company announced that an affiliate of Bain Capital Investors, LLC, or the New Investor, has agreed, subject to satisfaction of various conditions, to purchase from affiliates of General Atlantic and Oak Hill approximately 68 million of our common shares, representing approximately 30% of our outstanding common shares. Assuming consummation of that transaction, which is expected to occur in the fourth quarter of 2012, affiliates of General Atlantic and Oak Hill will together continue to beneficially own approximately 10% of our outstanding common shares. We have entered into a shareholder agreement with the New Investor that will become effective upon the closing of its share purchase that would grant the New Investor the right after 30 months of the closing of its share purchase, subject to certain conditions and with certain exceptions, to require us to file registration statements covering all of the common shares which it owns or to include those common shares in registration statements that we may file for ourselves.

Following their registration and sale under the applicable registration statement, those shares sold by the New Investor will become freely tradable. In addition, while the affiliates of General Atlantic and Oak Hill will no longer have the registration rights described above following the New Investor’s share purchase, these affiliates will generally be able to sell their remaining common shares following the consummation of the share purchase. Sales of a large number of common shares by the New Investors or the affiliates of General Atlantic and Oak Hill could cause the price of our common shares to decline. In addition, the perception in the public markets that sales by them might occur could also adversely affect the market price of our common shares.

We do not intend to pay dividends in the foreseeable future.

We have never declared or paid any cash dividends on our common shares, other than dividends paid by our predecessor company to GE in 2004. However, on August 1, 2012, we announced our intention, subject to receipt of financing on satisfactory terms, to declare a special cash dividend of $2.24 per share, or approximately $500 million in the aggregate, which we anticipate will be paid prior to the end of the third quarter of 2012. Apart from our intent to pay this special dividend, for the foreseeable future, we do not anticipate paying any further cash dividends on our common shares. Our ability to pay dividends will also continue to be subject to restrictive covenants contained in credit facility agreements governing indebtedness we and our subsidiaries have incurred or may incur in the future, including the credit facility agreement we expect to enter into to satisfy the condition to, and in connection with the payment of, our anticipated special dividend.

We expect to establish and announce the record date, ex-dividend date and payment date for the special dividend by the end of August 2012 and to pay the dividend by the end of the third quarter. However, declaration and payment of the special dividend are subject to the receipt of financing by us on satisfactory terms, and we cannot assure you that such financing will be obtained or that the special dividend will be declared or paid.

The market price for our common shares has been and may continue to be volatile.

The market price for our common shares has been and may continue to be volatile and subject to price and volume fluctuations in response to market and other factors, some of which are beyond our control. Among the factors that could affect our stock price are:

• actual or anticipated fluctuations in our quarterly and annual operating results;

• changes in financial estimates by securities research analysts;

• changes in the economic performance or market valuations of other companies engaged in providing business process and information technology services;

• loss of one or more significant clients;

• addition or loss of executive officers or key employees;

• regulatory developments in our target markets affecting us, our clients or our competitors;

• announcements of technological developments;

• limited liquidity in our trading market;

• sales or expected sales of our common shares;

• terrorist attacks or natural disasters or other such events impacting countries where we or our clients have operations; and

• whether, to what extent and under what circumstances the new Indian tax legislation referred to above may apply to transfers of our shares. Shareholders should consult their own tax advisors concerning applicable tax law.

47

In addition, securities markets generally and from time to time experience significant price and volume fluctuations that are not related to the operating performance of particular companies. These market fluctuations may have a material adverse effect on the market price of our common shares.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Unregistered Sales of Equity Securities

None.

Use of Proceeds

None.

Purchase of Equity Securities by the Issuer and Affiliated Purchasers

None.

Item 3. Defaults Upon Senior Securities

None.

Item 5. Other Information

None.

48

Item 6. Exhibits

3.1	Memorandum of Association of the Registrant (incorporated by reference to Exhibit 3.1 to Amendment No. 2 of the Registrant’s Registration Statement on Form S-1 (File No. 333-142875) filed with the SEC on July 16, 2007).
3.3	Bye-laws of the Registrant (incorporated by reference to Exhibit 3.3 to Amendment No. 4 of the Registrant’s Registration Statement on Form S-1 (File No. 333-142875) filed with the SEC on August 1, 2007).
31.1	Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
31.2	Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
32.1	Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
32.2	Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
101.INS	XBRL Instance Document (1)
101.SCH	XBRL Taxonomy Extension Schema Document (1)
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document (1)
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document (1)
101.LAB	XBRL Taxonomy Extension Label Linkbase Document (1)
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document (1)

* Filed with this Quarterly Report on Form 10-Q.

(1) Attached as Exhibit 101 to this report are the following documents formatted in XBRL (Extensible Business Reporting Language): (i) Consolidated Balance Sheets as of December 31, 2011 and June 30, 2012, (ii) Consolidated Statements of Income for the three months and six months ended June 30, 2011 and June 30, 2012, (iii) Consolidated Statements of Comprehensive Income (Loss) for the three months and six months ended June 30, 2011 and June 30, 2012, (iv) Consolidated Statements of Equity for the six months ended June 30, 2011 and June 30, 2012, (v) Consolidated Statements of Cash Flows for the six months ended June 30, 2011 and June 30, 2012, and (vi) Notes to the Consolidated Financial Statements.

49

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 9, 2012

GENPACT LIMITED

By: /s/    N.V. TYAGARAJAN

N.V. Tyagarajan

Chief Executive Officer

/s/    MOHIT BHATIA

Mohit Bhatia

Chief Financial Officer

50

Exhibit Number	Description
3.1	Memorandum of Association of the Registrant (incorporated by reference to Exhibit 3.1 to Amendment No. 2 of the Registrant’s Registration Statement on Form S-1 (File No. 333-142875) filed with the SEC on July 16, 2007).
3.3	Bye-laws of the Registrant (incorporated by reference to Exhibit 3.3 to Amendment No. 4 of the Registrant’s Registration Statement on Form S-1 (File No. 333-142875) filed with the SEC on August 1, 2007).
31.1	Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
31.2	Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
32.1	Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
32.2	Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
101.INS	XBRL Instance Document (1)
101.SCH	XBRL Taxonomy Extension Schema Document (1)
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document (1)
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document (1)
101.LAB	XBRL Taxonomy Extension Label Linkbase Document (1)
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document (1)

*

Filed with this Quarterly Report on Form 10-Q.

(1)

Attached as Exhibit 101 to this report are the following documents formatted in XBRL (Extensible Business Reporting Language): (i) Consolidated Balance Sheets as of December 31, 2011 and June 30, 2012, (ii) Consolidated Statements of Income for the three months and six months ended June 30, 2011 and June 30, 2012, (iii) Consolidated Statements of Comprehensive Income (Loss) for the three months and six months ended June 30, 2011 and June 30, 2012, (iv) Consolidated Statements of Equity for the six months ended June 30, 2011 and June 30, 2012, (v) Consolidated Statements of Cash Flows for the six months ended June 30, 2011 and June 30, 2012, and (vi) Notes to the Consolidated Financial Statements.

51

EX-31.1

Exhibit 31.1

CHIEF EXECUTIVE OFFICER CERTIFICATION

I, N.V. Tyagarajan, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Genpact Limited for the period ended June 30, 2012, as filed with the Securities and Exchange Commission on the date hereof;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 9, 2012

/s/    N.V. TYAGARAJAN        

N.V. Tyagarajan

Chief Executive Officer

EX-31.2

Exhibit 31.2

CHIEF FINANCIAL OFFICER CERTIFICATION

I, Mohit Bhatia, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Genpact Limited for the period ended June 30, 2012, as filed with the Securities and Exchange Commission on the date hereof;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 9, 2012

/s/    MOHIT BHATIA        

Mohit Bhatia

Chief Financial Officer

EX-32.1

Exhibit 32.1

Certification of the Chief Executive Officer

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Genpact Limited (the “Company”) on Form 10-Q for the period ended June 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, N.V. Tyagarajan, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 9, 2012

/s/    N.V. TYAGARAJAN        

N.V. Tyagarajan

Chief Executive Officer

Genpact Limited

EX-32.2

Exhibit 32.2

Certification of the Chief Financial Officer

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Genpact Limited (the “Company”) on Form 10-Q for the period ended June 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Mohit Bhatia, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 9, 2012

/s/    MOHIT BHATIA        

Mohit Bhatia

Chief Financial Officer

Genpact Limited

XML

Stock-based compensation (Tables)

6 Months Ended

Jun. 30, 2012

Summary of Options Activity

A summary of the options activity during the six months ended June 30, 2012 is set out below:

	Six months ended June 30, 2012
	Shares arising out of options			Weighted average exercise price		Weighted average remaining contractual life (years)		Aggregate intrinsic value
Outstanding as of January 1, 2012		13,734,820		$	10.58		5.4		—
Granted		—			—		—		—
Forfeited		(236,485	)		10.83		—		—
Expired		(54,655	)		15.32		—		—
Exercised		(375,088	)		8.40		—		3,087
Outstanding as of June 30, 2012		13,068,592		$	10.61		4.8	$	78,655
Vested and exercisable as of June 30, 2012 and expected to vest thereafter (Note a)		12,748,385		$	10.55		4.8	$	77,526
Vested and exercisable as of June 30, 2012		9,651,170		$	9.53		4.3	$	68,548
Weighted average grant date fair value of grants during the period	$	—

(a) Options expected to vest reflect an estimated forfeiture rate.

Summary of Restricted Share Units Granted

A summary of RSUs granted during the six months ended June 30, 2012 is set out below:

	Six months ended June 30, 2012
	Number of Restricted Share Units			Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2012		2,262,153		$	15.27
Granted		120,000			15.43
Vested*		(345,280	)		14.36
Forfeited		(72,016	)		16.20
Outstanding as of June 30, 2012		1,964,857		$	15.40
Expected to vest		1,580,720

* Out of this, 336,244 RSUs have been net settled on vesting by issuing 229,100 shares (net of minimum tax withholding). Also, 9,036 RSUs have vested in the six months ended June 30, 2012, the shares in respect of which will be issued on December 31, 2013.

Summary of Performance Units Activity

A summary of PU activity during the six months ended June 30, 2012 is set out below:

	Six months ended June 30, 2012
	Number of Performance Units			Weighted Average Grant Date Fair Value		Maximum Shares Eligible to Receive
Outstanding as of January 1, 2012		2,271,724		$	15.17		3,247,322
Granted		1,200,000			15.25		1,800,000
Vested		—			—		—
Forfeited		(99,848	)		16.61		(131,310	)
Outstanding as of June 30, 2012		3,371,876		$	15.16		4,916,012
Performance units expected to vest		3,086,397

Modification of Performance Metrics for Performance Grants Made to Employees

In the first quarter of 2011, the compensation committee of the board of directors of the Company modified the performance metrics for the performance grants made to employees in March 2010 from Revenue and EBITDA growth to Revenue and adjusted operating income growth.

	Original Performance Target						Modified Performance Target
Performance Level	Revenue Growth			EBITDA Growth			Revenue Growth			Adjusted Income from Operation Growth
Outstanding		20.0	%		20.0	%		20.0	%		20.0	%
Target		15.0	%		15.0	%		15.0	%		15.0	%
Threshold		10.0	%		10.0	%		10.0	%		10.0	%

Modification of Performance Metrics for Performance Grants Made to Former Chief Executive Officer

For the August 2010 performance grant made to the Company’s former CEO, who assumed the role of Non-Executive Vice-Chairman as of June 17, 2011, in addition to the modification made to the performance metrics from revenue and EBITDA growth to revenue and adjusted operating income growth, because the award vests based on annual performance targets whereas the awards to the employees vest based on average performance over three years, revision has been made to the performance targets in order to make the performance targets consistent with performance unit grants made to employees in the first quarter of 2011.

	Original Performance Target						Modified Performance Target
Performance Level	Revenue Growth			EBITDA Growth			Revenue Growth			Adjusted Income from Operation Growth
Outstanding		20.0	%		20.0	%		17.0	%		16.0	%
Target		15.0	%		15.0	%		12.5	%		12.5	%
Threshold		10.0	%		10.0	%		8.0	%		7.0	%

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Fair Value and Estimated Useful Lives of Intangibles (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended					1 Months Ended
	Jun. 30, 2012 Customer-related intangible assets Minimum	Jun. 30, 2012 Customer-related intangible assets Maximum	Jun. 30, 2012 Marketing-related intangible assets Minimum	Jun. 30, 2012 Marketing-related intangible assets Maximum	May 03, 2011 Headstrong Corporation Customer-related intangible assets	May 03, 2011 Headstrong Corporation Customer-related intangible assets Minimum	May 03, 2011 Headstrong Corporation Customer-related intangible assets Maximum	May 03, 2011 Headstrong Corporation Marketing-related intangible assets	May 03, 2011 Headstrong Corporation Other Intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets value					$ 68,450			$ 21,820	$ 750
Intangible assets estimated useful lives, in years	2 years	14 years	1 year	10 years		2 years	11 years	10 years	7 years

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Estimated Useful Lives of Intangible Assets Acquired (Detail)	6 Months Ended
	Jun. 30, 2012
Customer-related intangible assets | Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives, in years	2 years
Customer-related intangible assets | Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives, in years	14 years
Marketing-related intangible assets | Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives, in years	1 year
Marketing-related intangible assets | Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives, in years	10 years
Contract-related intangible assets
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives, in years	1 year
Other intangible assets | Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives, in years	3 years
Other intangible assets | Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives, in years	9 years

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Changes in Goodwill (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 30, 2012	Dec. 31, 2011
Goodwill [Line Items]
Opening balance	$ 925,339	$ 570,153
Goodwill relating to acquisition consummated during the period	25,442	414,158
Adjustment to preliminary purchase accounting for Headstrong	(3,213)
Effect of exchange rate fluctuations	(25,408)	(58,972)
Closing balance	$ 922,160	$ 925,339

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Preliminary Estimated Purchase Consideration (Detail) (Accounting Plaza B.V. ("Accounting Plaza"), USD $) In Thousands, unless otherwise specified	1 Months Ended
	Apr. 25, 2012
Accounting Plaza B.V. ("Accounting Plaza")
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]
Initial consideration	$ 38,698
Estimated adjustment for transfer of pension funds
Estimated adjustment for underfunding in pension funds
Estimated adjustment for sellers warranty breaches and certain other transactions
Estimated adjustment for transaction costs	(107)
Preliminary estimated purchase consideration	$ 38,591

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Summary of Restricted Share Units Granted (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2012
Schedule Of Activity Related To Restricted Shares And Restricted Share [Line Items]
RSUs net settled on vesting	336,244
RSUs settled on vesting by issuing shares (net of minimum tax withholding)	229,100
December 31 ,2013
Schedule Of Activity Related To Restricted Shares And Restricted Share [Line Items]
RSUs settled on vesting by issuing shares (net of minimum tax withholding)	9,036

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Income taxes (Tables)

6 Months Ended

Jun. 30, 2012

Activities Related to Unrecognized Tax Benefits for Uncertain Tax Positions

The following table summarizes the activities related to our unrecognized tax benefits for uncertain tax positions from January 1, 2012 to June 30, 2012:

Opening balance as on January 1, 2012	$	23,712
Decrease related to prior year tax positions		(65	)
Increase related to prior year tax positions, including recorded against goodwill		200
Decrease related to settlement with tax authorities		(2,492	)
Effect of exchange rate changes		(1,022	)
Closing balance as on June 30, 2012	$	20,333

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Cash and cash equivalents (Tables)

6 Months Ended

Jun. 30, 2012

Cash and Cash Equivalents

Cash and cash equivalents as of December 31, 2011 and June 30, 2012 comprise:

	As of December 31, 2011		As of June 30, 2012
Deposits with banks	$	267,467	$	147,971
U.S. Treasury bills		—		133,997
Other cash and bank balances		140,553		154,342
Total	$	408,020	$	436,310

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Summary of Performance Units Activity (Detail) (Performance Units, USD $)	6 Months Ended
	Jun. 30, 2012
Performance Units
Number of Share Units
Outstanding number of Shares (Units), beginning balance	2,271,724
Granted, number of Shares (Units)	1,200,000
Vested, number of shares (units)
Forfeited, number of shares (units)	(99,848)
Outstanding number of Shares (Units),end balance	3,371,876
Expected to vest	3,086,397
Weighted Average Grant Date Fair Value
Outstanding weighted average grant date fair value, beginning balance	$ 15.17
Granted, weighted average grant date fair value	$ 15.25
Vested, weighted average grant date fair value
Forfeited, weighted average grant date fair value	$ 16.61
Outstanding weighted Average Grant Date Fair Value, ending balance	$ 15.16
Outstanding maximum shares eligible to receive, beginning balance	3,247,322
Granted, maximum shares eligible to receive	1,800,000
Vested, maximum shares eligible to receive
Forfeited, maximum shares eligible to receive	(131,310)
Outstanding maximum shares eligible to receive, ending balance	4,916,012

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Net Defined Benefit Plan Costs (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Defined Benefit Plan Disclosure [Line Items]
Service costs	$ 961	$ 860	$ 1,974	$ 1,553
Interest costs	445	378	915	713
Amortization of actuarial loss	166	140	339	277
Expected return on plan assets	(202)	(160)	(412)	(330)
Net Gratuity Plan costs	$ 1,370	$ 1,218	$ 2,816	$ 2,213

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Other Operating (Income) Expense, Net (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Components of Other Operating Income [Line Items]
Other operating (income) expense	$ (801)	$ (800)	$ (1,513)	$ (1,756)
Impairment of capital work in progress / property, plant and equipment		1,465		1,465
Other operating (income) expense, net	$ (801)	$ 665	$ (1,513)	$ (291)

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Preliminary Value and Estimated Useful Lives (Detail) (Customer-related intangible assets, USD $) In Thousands, unless otherwise specified	6 Months Ended			1 Months Ended
	Jun. 30, 2012 Minimum	Jun. 30, 2012 Maximum	Apr. 25, 2012 Accounting Plaza B.V. ("Accounting Plaza")	Apr. 25, 2012 Accounting Plaza B.V. ("Accounting Plaza") Minimum	Apr. 25, 2012 Accounting Plaza B.V. ("Accounting Plaza") Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets value			$ 13,138
Intangible assets estimated useful lives, in years	2 years	14 years		3 years	10 years

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Summary of Options Activity (Detail) (USD $)	6 Months Ended		12 Months Ended
	Jun. 30, 2012		Dec. 31, 2011
Shares arising out of options
Outstanding, shares arising out of options, beginning balance	13,734,820
Granted, shares arising out of options
Forfeited, shares arising out of options	(236,485)
Expired, shares arising out of options	(54,655)
Exercised, shares arising out of options	(375,088)
Outstanding, shares arising out of options, ending balance	13,068,592		13,734,820
Vested and exercisable, expected to vest thereafter, shares arising out of options	12,748,385	[1]
Vested and exercisable, shares arising out of options	9,651,170
Weighted average grant date fair value of grants during the period
Weighted average exercise price
Outstanding weighted average exercise price, beginning balance	$ 10.58
Granted, weighted average exercise price
Forfeited, weighted average exercise price	$ 10.83
Expired, weighted average exercise price	$ 15.32
Exercised, weighted average exercise price	$ 8.40
Outstanding weighted average exercise price, end balance,	$ 10.61		$ 10.58
Vested and exercisable and expected to vest thereafter, weighted average exercise price	$ 10.55	[1]
Vested and exercisable, weighted average exercise price	$ 9.53
Weighted average remaining contractual life (years)
Outstanding weighted average remaining contractual life (years)	4 years 292 days		5 years 146 days
Vested and exercisable as of June 30, 2012 and expected to vest thereafter	4 years 292 days	[1]
Vested and exercisable as of June 30, 2012	4 years 110 days
Aggregate intrinsic value
Exercised, aggregate intrinsic value	$ 3,087
Outstanding aggregate intrinsic value, ending balance	78,655
Vested and exercisable and expected to vest thereafter, aggregate intrinsic value	77,526	[1]
Vested and exercisable, aggregate intrinsic value	$ 68,548

[1] Options expected to vest reflect an estimated forfeiture rate.

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Maturity Profile of Term Loan Net of Debt Amortization Expense (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012
Long-Term Debt
2012	$ 14,542
2013	29,334
2014	29,651
2015	14,946
Term loan amounts outstanding	$ 88,473

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Modification of Performance Metrics for Performance Grants Made to Former Chief Executive Officer (Detail) (Performance Grant Made To Former CEO)	3 Months Ended
	Mar. 31, 2011
Performance Grant Made To Former CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Original Performance Target, Revenue Growth, Outstanding	20.00%
Original Performance Target, Revenue Growth, Target	15.00%
Original Performance Target, Revenue Growth, Threshold	10.00%
Original Performance Target, EBITDA Growth, Outstanding	20.00%
Original Performance Target, EBITDA Growth, Target	15.00%
Original Performance Target, EBITDA Growth, Threshold	10.00%
Modified Performance Target, Revenue Growth, Outstanding	17.00%
Modified Performance Target, Revenue Growth, Target	12.50%
Modified Performance Target, Revenue Growth, Threshold	8.00%
Modified Performance Target, Adjusted Income from Operation growth, Outstanding	16.00%
Modified Performance Target, Adjusted Income from Operation growth, Target	12.50%
Modified Performance Target, Adjusted Income from Operation growth, Threshold	7.00%

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Cost of Revenue (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Total cost of revenue	$ 285,222	$ 254,030	$ 550,687	$ 468,517
Personnel Expenses
Total cost of revenue	195,087	168,132	380,638	311,873
Operational Expenses
Total cost of revenue	78,054	72,527	146,029	130,087
Depreciation And Amortization
Total cost of revenue	$ 12,081	$ 13,371	$ 24,020	$ 26,557

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Summary of Restricted Share Units Granted (Detail) (Restricted Share Units, USD $)	6 Months Ended
	Jun. 30, 2012
Restricted Share Units
Number of Restricted Share units
Outstanding number of Shares (Units), beginning balance	2,262,153
Granted, number of Shares (Units)	120,000
Vested, number of Shares (Units)	(345,280)	[1]
Forfeited, number of shares (units)	(72,016)
Outstanding number of Shares (Units),end balance	1,964,857
Expected to vest, number of Shares (Units)	1,580,720
Weighted Average Grant Date Fair Value
Outstanding weighted average grant date fair value, beginning balance	$ 15.27
Granted, weighted average grant date fair value	$ 15.43
Vested, weighted average grant date fair value	$ 14.36	[1]
Forfeited, weighted average grant date fair value	$ 16.2
Outstanding weighted Average Grant Date Fair Value, ending balance	$ 15.4

[1] Out of this, 336,244 RSUs have been net settled on vesting by issuing 229,100 shares (net of minimum tax withholding). Also, 9,036 RSUs have vested in the six months ended June 30, 2012, the shares in respect of which will be issued on December 31, 2013.

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Goodwill and Intangible Assets - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill deductible for tax purposes	$ 7,120		$ 7,120		$ 7,562
Amortization of acquired intangible assets	5,790	5,140	11,080	8,217
Amortization of intangible assets recognized for minimum volume commitment from a client at the time of 2004 Reorganization	18	41	38	83
Unamortized value of intangible asset created for minimum volume commitment from a client, at the time of 2004 Reorganization	$ 40		$ 40

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Other income (expense), net

6 Months Ended

Jun. 30, 2012

Other income (expense), net

18. Other income (expense), net

Other income (expense), net consists of the following:

	Three months ended June 30,						Six months ended June 30,
	2011			2012			2011			2012
Interest income	$	3,605		$	2,385		$	7,163		$	5,510
Interest expense		(1,934	)		(3,406	)		(2,599	)		(6,965	)
Other income		1,355			322			1,560			632
Other income(expense), net	$	3,026		$	(699	)	$	6,124		$	(823	)

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Business Acquisitions - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	1 Months Ended
	May 03, 2011 Headstrong Corporation	Apr. 25, 2012 Accounting Plaza B.V. ("Accounting Plaza")	May 14, 2012 Atyati Technologies Private Limited
Business Acquisition [Line Items]
Percent of ownership held	100.00%	100.00%
Enterprise value	$ 550,000	$ 38,698	$ 17,578
Cash and cash equivalents	25,845	1,664
Seller expenses liability	19,205
Purchase consideration net of cash acquired and including seller expense liability	558,363
Fair value of trade receivables acquired in business combination	56,257	9,744
Gross amount of trade receivables acquired in business combination	56,497	9,917
Trade receivables uncollectible amount	$ 240	$ 173
Intangible assets estimated weighted average useful life, years	10 years	7 years
Maximum period for recognition of changes to assets and liabilities, years		1 year

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Cost of Revenue (Tables)

6 Months Ended

Jun. 30, 2012

Cost of Revenue

Cost of revenue consists of the following:

	Three months ended June 30,				Six months ended June 30,
	2011		2012		2011		2012
Personnel expenses	$	168,132	$	195,087	$	311,873	$	380,638
Operational expenses		72,527		78,054		130,087		146,029
Depreciation and amortization		13,371		12,081		26,557		24,020
	$	254,030	$	285,222	$	468,517	$	550,687

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Stock-Based Compensation - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended		6 Months Ended			12 Months Ended	6 Months Ended		12 Months Ended	3 Months Ended		6 Months Ended
	Apr. 11, 2012	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012 Stock Option	Dec. 31, 2011 Restricted Share Units (RSUs)	Jun. 30, 2012 Restricted Share Units	Jun. 30, 2012 Performance Units	Dec. 31, 2011 Performance Units	Jun. 30, 2012 Employee Stock Purchase Plan	Jun. 30, 2011 Employee Stock Purchase Plan	Jun. 30, 2012 Employee Stock Purchase Plan	Jun. 30, 2011 Employee Stock Purchase Plan	Sep. 01, 2009 Employee Stock Purchase Plan	Aug. 31, 2009 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amended 2007 Omnibus Plan, increase in number of common shares authorized for issuance	5,593,200
Amended 2007 Omnibus Plan, number of common shares authorized for issuance	15,000,000
Stock based compensation cost		$ 9,941,000	$ 5,472,000	$ 17,166,000	$ 8,519,000
Unrecognized stock-based compensation cost for options		11,144,000		11,144,000
Weighted average remaining requisite vesting period (years)						1 year 153 days		2 years 266 days	1 year 343 days
Minimum vesting schedules, years								1 year	6 months
Maximum vesting schedules, years								4 years	3 years
Number of shares vested							102,000			214,880
Unrecognized share-based compensation costs								20,418,000	27,061,000
Percentage of shares vested										128.90%
Incremental compensation cost				4,109,000
Incremental compensation cost recognition period				21 months 15 days
Percentage of fair value payroll deduction allowed to eligible employees															90.00%	95.00%
Maximum percentage of employee's base salary allowed to be purchased											15.00%		15.00%
Maximum dollar amount of common shares allowed to be purchased													25
Common shares reserved for issuance											4,200,000		4,200,000
Common shares issued under the ESPP													44,916	23,579
Compensation expense for ESPP											$ 39,000	$ 22,000	$ 77,000	$ 40,000

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Goodwill and intangible assets (Tables)

6 Months Ended

Jun. 30, 2012

Changes in Goodwill

The following table presents the changes in goodwill for the year ended December 31, 2011 and six months ended June 30, 2012:

	As of December 31, 2011			As of June 30, 2012
Opening balance	$	570,153		$	925,339
Goodwill relating to acquisition consummated during the period		414,158			25,442
Adjustment to preliminary purchase accounting for Headstrong		—			(3,213	)
Effect of exchange rate fluctuations		(58,972	)		(25,408	)
Closing balance	$	925,339		$	922,160

Intangible Assets Acquired Either Individually or with Group of Other Assets or in Business Combination

The Company’s intangible assets acquired either individually or with a group of other assets or in a business combination are as follows:

	As of December 31, 2011						As of June 30, 2012
	Gross  carrying amount		Accumulated amortization		Net		Gross  carrying amount		Accumulated amortization		Net
Customer-related intangible assets	$	275,859	$	189,872	$	85,987	$	279,331	$	191,015	$	88,316
Marketing-related intangible assets		40,552		16,312		24,240		40,096		17,081		23,015
Contract-related intangible assets		1,219		1,219		—		1,130		1,130		—
Other intangible assets		3,541		480		3,061		3,542		581		2,961
	$	321,171	$	207,883	$	113,288	$	324,099	$	209,807	$	114,292

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Purchase Price Allocated Based on Fair Value of Assets Acquired and Liabilities Assumed as Result of Headstrong Acquisition (Detail) (Headstrong Corporation, USD $) In Thousands, unless otherwise specified	May 03, 2011
Headstrong Corporation
Business Combination Allocation of Purchase Price [Line Items]
Cash consideration	$ 565,003
Acquisition related costs included in selling, general and administrative expenses	5,616
Cash and cash equivalents	25,845
Current assets	62,121
Tangible fixed assets	14,634
Intangible assets	91,020
Deferred tax assets, net	21,748
Other non-current assets	11,968
Current liabilities	(42,815)
Long term liabilities	(6,274)
Total identifiable net assets acquired	178,247
Goodwill	386,756
Total purchase price	$ 565,003

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Gain / Loss Recognized in Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amount of Gain (Loss) recognized in OCI on Derivatives (Effective Portion)					$ (59,396)		$ 31,300
Amount of Gain (Loss) reclassified from OCI into Statement of Income (Effective Portion)	(6,960)		(9,312)		(6,840)		(25,344)
Amount of Gain (Loss) recognized in income on Derivative (Ineffective Portion and Amount excluded from Effectiveness Testing)
Non designated Hedges, amount of (Gain) Loss recognized in Income on Derivative	(10,566)		(390)		(1,587)		(2)
Revenue
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amount of Gain (Loss) reclassified from OCI into Statement of Income (Effective Portion)	(1,156)		(2,785)		(2,442)		(4,237)
Cost of Revenue
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amount of Gain (Loss) reclassified from OCI into Statement of Income (Effective Portion)	(4,518)		(5,154)		(3,411)		(17,456)
Selling, General And Administrative Expenses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amount of Gain (Loss) reclassified from OCI into Statement of Income (Effective Portion)	(1,286)		(1,373)		(987)		(3,651)
Foreign Exchange (Gains) Losses, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amount of Gain (Loss) recognized in income on Derivative (Ineffective Portion and Amount excluded from Effectiveness Testing)
Non designated Hedges, amount of (Gain) Loss recognized in Income on Derivative	(10,566)	[1]	(390)	[1]	(1,587)	[1]	(2)	[1]
Forward Foreign Exchange Contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amount of Gain (Loss) recognized in OCI on Derivatives (Effective Portion)					$ (59,396)		$ 31,300

[1] These forward foreign exchange contracts were entered into to hedge the fluctuations in foreign exchange rates for recognized balance sheet items such as receivables and inter-company borrowings, and were not originally designated as hedges under FASB guidance on Derivatives and Hedging. Realized (gains) losses and changes in the fair value of these derivatives are recorded in foreign exchange (gains) losses, net in the consolidated statements of income.

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Fair Value of Assets and Liabilities Measured on Recurring Basis, Including Derivative Instruments, and Loans Held for Sale (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Instruments (Note a)	$ 9,786	[1]	$ 8,877	[1]
Loans held for sale (Note a)	360	[1]	469	[1]
U.S. Treasury bills and notes (Note c)	133,997	[2]
Total, assets	144,143		9,346
Derivative Instruments (Note b)	273,570	[3]	221,628	[3]
Total, liabilities	273,570		221,628
Quoted Prices In Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
U.S. Treasury bills and notes (Note c)	133,997	[2]
Total, assets	133,997
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Instruments (Note a)	9,786	[1]	8,877	[1]
Total, assets	9,786		8,877
Derivative Instruments (Note b)	273,570	[3]	221,628	[3]
Total, liabilities	273,570		221,628
Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Loans held for sale (Note a)	360	[1]	469	[1]
Total, assets	$ 360		$ 469

[1] Included in "Prepaid expenses and other current assets" and "Other assets" in the consolidated balance sheets.

[2] Included in either "Cash and cash equivalents" or "Short term investment," depending on the maturity profile, in the consolidated balance sheets.

[3] Included in "Accrued expenses and other current liabilities" and "Other liabilities" in the consolidated balance sheets.

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Organization - Additional Information (Detail)	6 Months Ended	1 Months Ended
	Jun. 30, 2012 Customer Location Language Country Employee	Aug. 31, 2007 Existing shareholders	Mar. 24, 2010 General Electric Company Holding After Secondary Offering	Mar. 31, 2012 General Electric Company Minimum
Organization [Line Items]
Number of years of service	15 years
Number of professionals around the globe, minimum	58,500
Number of clients	600
Number of global network locations from which company delivers services	68
Number of countries in which company delivers services	18
Number of languages, supported by company	30
Number of shares sold		17,647,059
Percent of ownership held			9.10%	5.00%

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Summary of significant accounting policies

6 Months Ended

Jun. 30, 2012

Summary of significant accounting policies

2. Summary of significant accounting policies

(a) Basis of preparation and principles of consolidation

The unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and the rules and regulations of the Securities and Exchange Commission for reporting on Form 10-Q. Accordingly, they do not include certain information and footnote disclosures required by generally accepted accounting principles for annual financial reporting and should be read in conjunction with the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.

The unaudited interim consolidated financial statements reflect all adjustments that management considers necessary for a fair presentation of the results of operations for these periods. The results of operations for the interim periods are not necessarily indicative of the results for the full year.

The accompanying unaudited interim consolidated financial statements have been prepared on a consolidated basis and reflect the financial statements of Genpact Limited and all of its subsidiaries that are more than 50% owned and controlled. When the Company does not have a controlling interest in an entity, but exerts a significant influence on the entity, the Company applies the equity method of accounting. All inter-company transactions and balances are eliminated in consolidation.

The noncontrolling interest disclosed in the accompanying unaudited interim consolidated financial statements represents the noncontrolling partners’ interest in the operation of Genpact Netherlands B.V. and noncontrolling shareholders’ interest in the operation of Hello Communications (Shanghai) Co., Ltd. and the profits or losses associated with the noncontrolling interest in those operations. The noncontrolling partners of Genpact Netherlands B.V. are individually liable for the tax obligations on their share of profit as it is a partnership and, accordingly, noncontrolling interest relating to Genpact Netherlands B.V. has been computed prior to tax and disclosed accordingly in the unaudited interim consolidated statements of income.

(b) Use of estimates

The preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Significant items subject to such estimates and assumptions include the useful lives of property, plant and equipment, the carrying amount of property, plant and equipment, intangibles and goodwill, the reserve for doubtful receivables and the valuation allowance for deferred tax assets, the valuation of derivative financial instruments, the measurements of stock-based compensation, assets and obligations related to employee benefits, income tax uncertainties and other contingencies. Management believes that the estimates used in the preparation of the consolidated financial statements are reasonable. Although these estimates are based upon management’s best knowledge of current events and actions, actual results could differ from these estimates. Any changes in estimates are adjusted prospectively in the consolidated financial statements.

(c) Business combinations, goodwill and other intangible assets

The Company accounts for its business combinations by recognizing the identifiable tangible and intangible assets and liabilities assumed, and any noncontrolling interest in the acquired business, measured at their acquisition date fair values. Contingent consideration is included within the acquisition cost and is recognized at its fair value on acquisition date. A liability resulting from contingent consideration is remeasured to fair value at each reporting date until the contingency is resolved. Changes in fair value are recognized in earnings. All assets and liabilities of the acquired businesses, including goodwill, are assigned to reporting units.

Goodwill represents the cost of the acquired businesses in excess of the fair value of identifiable tangible and intangible net assets purchased. Goodwill is not amortized but is tested for impairment at least on an annual basis on December 31, based on a number of factors including operating results, business plans and future cash flows. The Company performs an assessment of qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Based on the assessment of events or circumstances, the Company performs the quantitative assessment of goodwill impairment if it determines that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If based on the quantitative impairment analysis the carrying value of the goodwill of the Company exceeds the fair value of that goodwill, an impairment loss is recognized in an amount equal to the excess. In addition, the Company shall perform the qualitative assessment of Goodwill impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of the Company below its carrying amount.

Intangible assets acquired individually or with a group of other assets or in a business combination are carried at cost less accumulated amortization based on their estimated useful lives as follows:

Customer-related intangible assets	2-14 years
Marketing-related intangible assets	1-10 years
Contract-related intangible assets	1 year
Other intangible assets	3-9 years

Intangible assets are amortized over their estimated useful lives using a method of amortization that reflects the pattern in which the economic benefits of the intangible assets are consumed or otherwise realized.

In business combinations, where the fair value of identifiable tangible and intangible net assets purchased exceeds the cost of the acquired business, the Company recognizes the resulting gain on the acquisition date and reports it under ‘Other operating (income) expense, net’ in the Consolidated Statements of Income.

(d) Financial instruments and concentration of credit risk

Financial instruments that potentially subject the Company to concentration of credit risk are reflected principally in cash and cash equivalents, short term deposits, derivative financial instruments and accounts receivable. The Company places its cash and cash equivalents and derivative financial instruments with corporations and banks with high investment grade ratings, limits the amount of credit exposure with any one corporation or bank and conducts ongoing evaluation of the credit worthiness of the corporations and banks with which it does business. Short term deposits are with GE. To reduce its credit risk on accounts receivable, the Company performs an ongoing credit evaluation of customers. GE accounted for 36% and 33% of receivables as of December 31, 2011 and June 30, 2012, respectively. GE accounted for 32% and 27% of revenues for the six months ended June 30, 2011 and 2012, respectively, and for 31% and 27% of revenues for the three months ended June 30, 2011 and 2012, respectively.

(e) Recently adopted accounting pronouncements

The authoritative bodies release standards and guidance which are assessed by management for impact on the Company’s consolidated financial statements.

The following recently released accounting standards have been adopted by the Company and certain disclosures in the consolidated financial statements and footnotes to the consolidated financial statements have been modified. Adoption of these standards did not have a material impact on the consolidated results of operations, cash flows, financial position or disclosures:

• In September 2011, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update No. (“ASU”) 2011-08, “Testing Goodwill for Impairment”. The objective of this update is to simplify how entities test goodwill for impairment. This update permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. The update is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted, including for annual and interim goodwill impairment tests performed as of a date before September 15, 2011. Effective January 1, 2012, the Company adopted ASU 2011-08.

• In June 2011, the FASB issued ASU No. 2011-05 – “Comprehensive Income (Topic 220): Presentation of Comprehensive Income”, amended by ASU 2011-12 issued in December 2011, an amendment to the existing guidance on the presentation of comprehensive income. Under the amended guidance, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This update eliminates the option in U.S. GAAP to present other comprehensive income in the statement of changes in equity. The amendments are effective on a retrospective basis for fiscal years, and interim periods within those years, beginning on or after December 15, 2011. Effective January 1, 2012, the Company adopted ASU 2011-05.

• In May 2011, the FASB issued amendments to the existing guidance on fair value measurement in Accounting Standards Update No. 2011-04 — “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs”. The amendments are intended to create consistency between U.S. generally accepted accounting principles and International Financial Reporting Standards on measuring fair value and disclosing information about fair value measurements. The amendments clarify the application of existing fair value measurement requirements including (i) the application of the highest and best use valuation premise concepts, (ii) measuring the fair value of an instrument classified in a reporting entity’s shareholders’ equity, and (iii) quantitative information required for fair value measurements categorized within Level 3. In addition, the amendments require additional disclosure for Level 3 measurements regarding the sensitivity of fair value to changes in unobservable inputs and any interrelationships between those inputs. The amendments in this update are effective for fiscal years, and interim periods beginning on or after December 15, 2011. These changes are required to be applied prospectively. Effective January 1, 2012, the Company adopted ASU 2011-04.

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Reconciliation of Loans Held for Sale Measured at Fair Value Using Significant Unobservable Inputs (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening balance, net	$ 448	$ 529	$ 469	$ 530
Impact of fair value included in earnings	(88)		(108)
Settlements			(1)	(1)
Closing balance, net	$ 360	$ 529	$ 360	$ 529

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Selling, General and Administrative Expenses (Tables)

6 Months Ended

Jun. 30, 2012

Selling, General And Administrative Expenses

Selling, general and administrative expenses consist of the following:

	Three months ended June 30,				Six months ended June 30,
	2011		2012		2011		2012
Personnel expenses	$	59,438	$	79,556	$	106,958	$	150,496
Operational expenses		25,276		32,475		43,418		64,402
Depreciation and amortization		2,010		2,222		3,789		4,360
	$	86,724	$	114,253	$	154,165	$	219,258

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Subsequent events

6 Months Ended

Jun. 30, 2012

Subsequent events

22. Subsequent events

On July 9, 2012, the Company entered into a definitive agreement to acquire Triumph Engineering Corporation (“Triumph”) for cash consideration of $3,600, subject to adjustment for closing date working capital and indebtedness. The agreement also provides for additional deferred consideration and contingent earn-out consideration. Triumph is a U.S. based provider of engineering services to the aviation, energy, and oil and gas industries.

On August 1, 2012, the Company announced a special cash dividend to all shareholders of $2.24 per common share, or approximately $500,000 in the aggregate. This dividend will be funded through a combination of balance sheet cash and incremental debt expected to be raised from institutional lenders. Declaration and payment of the dividend is subject to the receipt of financing by the Company on satisfactory terms.

On August 1, 2012, the Company announced that affiliates of Bain Capital Partners have agreed to purchase approximately 67,750,678 common shares of the Company from affiliates of General Atlantic and Oak Hill Capital Partners for $14.76 per share, or approximately $1,000,000. Closing of this transaction will take place after the payment to all shareholders, including General Atlantic and Oak Hill Capital Partners, of the announced dividend of $2.24 per share.

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Commitments and contingencies

6 Months Ended

Jun. 30, 2012

Commitments and contingencies

21. Commitments and contingencies

Capital commitments

As of December 31, 2011 and June 30, 2012, the Company has committed to spend $9,694 and $11,374, respectively, under agreements to purchase property, plant and equipment. This amount is net of capital advances paid in respect of these purchases.

Bank Guarantees

The Company has outstanding Bank guarantees amounting to $10,866 and $11,799 as of December 31, 2011 and June 30, 2012, respectively. Bank guarantees are generally provided to government agencies, excise and customs authorities for the purposes of maintaining a bonded warehouse. These guarantees may be revoked by the governmental agencies if they suffer any losses or damage through the breach of any of the covenants contained in the agreements.

Other commitments

The Company’s business process Delivery Centers in India are 100% Export Oriented units or Software Technology Parks of India units (“STPI”) under the STPI guidelines issued by the Government of India. These units are exempted from customs, central excise duties, and levies on imported and indigenous capital goods, stores, and spares. The Company has executed legal undertakings to pay custom duties, central excise duties, levies, and liquidated damages, if any, in respect of imported and indigenous capital goods, stores, and spares consumed duty free, in the event that certain terms and conditions are not fulfilled.

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Preliminary Allocation of Preliminary Estimated Purchase Consideration Based on Fair Value of Assets Acquired and Liabilities Assumed at Date of Acquisition (Detail) (Accounting Plaza B.V. ("Accounting Plaza"), USD $) In Thousands, unless otherwise specified	Apr. 25, 2012
Accounting Plaza B.V. ("Accounting Plaza")
Business Combination Allocation of Purchase Price [Line Items]
Preliminary estimated purchase consideration	$ 38,591
Acquisition related costs included in selling, general and administrative expenses	434
Cash and cash equivalents	1,664
Current assets	11,327
Tangible fixed assets	2,010
Intangible assets	13,138
Deferred tax asset/ (liability), net	(2,711)
Other non-current assets	971
Current liabilities	(9,062)
Other liabilities	(4,188)
Total identifiable net assets acquired	13,149
Goodwill	25,442
Total	$ 38,591

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Other operating (income) expense, net (Tables)

6 Months Ended

Jun. 30, 2012

Other Operating Income (Expense), Net

	Three months ended June 30,						Six months ended June 30,
	2011			2012			2011			2012
Other operating (income) expense	$	(800	)	$	(801	)	$	(1,756	)	$	(1,513	)
Impairment of capital work in progress / property, plant and equipment		1,465			—			1,465			—
Other operating (income) expense, net	$	665		$	(801	)	$	(291	)	$	(1,513	)

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Summary of significant accounting policies (Policies)

6 Months Ended

Jun. 30, 2012

Basis of Preparation And Principles of Consolidation

(a) Basis of preparation and principles of consolidation

The unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and the rules and regulations of the Securities and Exchange Commission for reporting on Form 10-Q. Accordingly, they do not include certain information and footnote disclosures required by generally accepted accounting principles for annual financial reporting and should be read in conjunction with the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.

The unaudited interim consolidated financial statements reflect all adjustments that management considers necessary for a fair presentation of the results of operations for these periods. The results of operations for the interim periods are not necessarily indicative of the results for the full year.

The accompanying unaudited interim consolidated financial statements have been prepared on a consolidated basis and reflect the financial statements of Genpact Limited and all of its subsidiaries that are more than 50% owned and controlled. When the Company does not have a controlling interest in an entity, but exerts a significant influence on the entity, the Company applies the equity method of accounting. All inter-company transactions and balances are eliminated in consolidation.

The noncontrolling interest disclosed in the accompanying unaudited interim consolidated financial statements represents the noncontrolling partners’ interest in the operation of Genpact Netherlands B.V. and noncontrolling shareholders’ interest in the operation of Hello Communications (Shanghai) Co., Ltd. and the profits or losses associated with the noncontrolling interest in those operations. The noncontrolling partners of Genpact Netherlands B.V. are individually liable for the tax obligations on their share of profit as it is a partnership and, accordingly, noncontrolling interest relating to Genpact Netherlands B.V. has been computed prior to tax and disclosed accordingly in the unaudited interim consolidated statements of income.

Use of Estimates

(b) Use of estimates

The preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Significant items subject to such estimates and assumptions include the useful lives of property, plant and equipment, the carrying amount of property, plant and equipment, intangibles and goodwill, the reserve for doubtful receivables and the valuation allowance for deferred tax assets, the valuation of derivative financial instruments, the measurements of stock-based compensation, assets and obligations related to employee benefits, income tax uncertainties and other contingencies. Management believes that the estimates used in the preparation of the consolidated financial statements are reasonable. Although these estimates are based upon management’s best knowledge of current events and actions, actual results could differ from these estimates. Any changes in estimates are adjusted prospectively in the consolidated financial statements.

Business combinations

(c) Business combinations, goodwill and other intangible assets

The Company accounts for its business combinations by recognizing the identifiable tangible and intangible assets and liabilities assumed, and any noncontrolling interest in the acquired business, measured at their acquisition date fair values. Contingent consideration is included within the acquisition cost and is recognized at its fair value on acquisition date. A liability resulting from contingent consideration is remeasured to fair value at each reporting date until the contingency is resolved. Changes in fair value are recognized in earnings. All assets and liabilities of the acquired businesses, including goodwill, are assigned to reporting units.

Goodwill represents the cost of the acquired businesses in excess of the fair value of identifiable tangible and intangible net assets purchased. Goodwill is not amortized but is tested for impairment at least on an annual basis on December 31, based on a number of factors including operating results, business plans and future cash flows. The Company performs an assessment of qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Based on the assessment of events or circumstances, the Company performs the quantitative assessment of goodwill impairment if it determines that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If based on the quantitative impairment analysis the carrying value of the goodwill of the Company exceeds the fair value of that goodwill, an impairment loss is recognized in an amount equal to the excess. In addition, the Company shall perform the qualitative assessment of Goodwill impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of the Company below its carrying amount.

Intangible assets acquired individually or with a group of other assets or in a business combination are carried at cost less accumulated amortization based on their estimated useful lives as follows:

Customer-related intangible assets	2-14 years
Marketing-related intangible assets	1-10 years
Contract-related intangible assets	1 year
Other intangible assets	3-9 years

Intangible assets are amortized over their estimated useful lives using a method of amortization that reflects the pattern in which the economic benefits of the intangible assets are consumed or otherwise realized.

In business combinations, where the fair value of identifiable tangible and intangible net assets purchased exceeds the cost of the acquired business, the Company recognizes the resulting gain on the acquisition date and reports it under ‘Other operating (income) expense, net’ in the Consolidated Statements of Income.

Goodwill

Goodwill represents the cost of the acquired businesses in excess of the fair value of identifiable tangible and intangible net assets purchased. Goodwill is not amortized but is tested for impairment at least on an annual basis on December 31, based on a number of factors including operating results, business plans and future cash flows. The Company performs an assessment of qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Based on the assessment of events or circumstances, the Company performs the quantitative assessment of goodwill impairment if it determines that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If based on the quantitative impairment analysis the carrying value of the goodwill of the Company exceeds the fair value of that goodwill, an impairment loss is recognized in an amount equal to the excess. In addition, the Company shall perform the qualitative assessment of Goodwill impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of the Company below its carrying amount.

Intangible Assets

Intangible assets are amortized over their estimated useful lives using a method of amortization that reflects the pattern in which the economic benefits of the intangible assets are consumed or otherwise realized.

Financial instruments and concentration of credit risk

(d) Financial instruments and concentration of credit risk

Financial instruments that potentially subject the Company to concentration of credit risk are reflected principally in cash and cash equivalents, short term deposits, derivative financial instruments and accounts receivable. The Company places its cash and cash equivalents and derivative financial instruments with corporations and banks with high investment grade ratings, limits the amount of credit exposure with any one corporation or bank and conducts ongoing evaluation of the credit worthiness of the corporations and banks with which it does business. Short term deposits are with GE. To reduce its credit risk on accounts receivable, the Company performs an ongoing credit evaluation of customers. GE accounted for 36% and 33% of receivables as of December 31, 2011 and June 30, 2012, respectively. GE accounted for 32% and 27% of revenues for the six months ended June 30, 2011 and 2012, respectively, and for 31% and 27% of revenues for the three months ended June 30, 2011 and 2012, respectively.

Recently Adopted Accounting Pronouncements

(e) Recently adopted accounting pronouncements

The authoritative bodies release standards and guidance which are assessed by management for impact on the Company’s consolidated financial statements.

The following recently released accounting standards have been adopted by the Company and certain disclosures in the consolidated financial statements and footnotes to the consolidated financial statements have been modified. Adoption of these standards did not have a material impact on the consolidated results of operations, cash flows, financial position or disclosures:

• In September 2011, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update No. (“ASU”) 2011-08, “Testing Goodwill for Impairment”. The objective of this update is to simplify how entities test goodwill for impairment. This update permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. The update is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted, including for annual and interim goodwill impairment tests performed as of a date before September 15, 2011. Effective January 1, 2012, the Company adopted ASU 2011-08.

• In June 2011, the FASB issued ASU No. 2011-05 – “Comprehensive Income (Topic 220): Presentation of Comprehensive Income”, amended by ASU 2011-12 issued in December 2011, an amendment to the existing guidance on the presentation of comprehensive income. Under the amended guidance, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This update eliminates the option in U.S. GAAP to present other comprehensive income in the statement of changes in equity. The amendments are effective on a retrospective basis for fiscal years, and interim periods within those years, beginning on or after December 15, 2011. Effective January 1, 2012, the Company adopted ASU 2011-05.

• In May 2011, the FASB issued amendments to the existing guidance on fair value measurement in Accounting Standards Update No. 2011-04 — “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs”. The amendments are intended to create consistency between U.S. generally accepted accounting principles and International Financial Reporting Standards on measuring fair value and disclosing information about fair value measurements. The amendments clarify the application of existing fair value measurement requirements including (i) the application of the highest and best use valuation premise concepts, (ii) measuring the fair value of an instrument classified in a reporting entity’s shareholders’ equity, and (iii) quantitative information required for fair value measurements categorized within Level 3. In addition, the amendments require additional disclosure for Level 3 measurements regarding the sensitivity of fair value to changes in unobservable inputs and any interrelationships between those inputs. The amendments in this update are effective for fiscal years, and interim periods beginning on or after December 15, 2011. These changes are required to be applied prospectively. Effective January 1, 2012, the Company adopted ASU 2011-04.

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Summary of significant accounting policies (Tables)

6 Months Ended

Jun. 30, 2012

Estimated Useful Lives of Intangible Assets Acquired

Intangible assets acquired individually or with a group of other assets or in a business combination are carried at cost less accumulated amortization based on their estimated useful lives as follows:

Customer-related intangible assets	2-14 years
Marketing-related intangible assets	1-10 years
Contract-related intangible assets	1 year
Other intangible assets	3-9 years

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Organization

6 Months Ended

Jun. 30, 2012

Organization

1. Organization

Nature of Operations

We are a global leader in business process management and technology services, leveraging the power of smarter processes, smarter analytics and smarter technology to help our clients drive intelligence across the enterprise. We believe our Smart Enterprise Processes (SEP^SM) framework, our unique science of process combined with deep domain expertise in multiple industry verticals, leads to superior business outcomes. Our Smart Decision Services deliver valuable business insights to our clients through targeted analytics, re-engineering expertise, and advanced risk management. Making technology more intelligent by embedding it with process and data insights, we also offer a wide range of technology services. Driven by a passion for process innovation and operational excellence built on our Lean and Six Sigma DNA and the legacy of serving GE for more than 15 years, our 58,500+ professionals around the globe deliver services to more than 600 clients from a network of 68 delivery centers across 18 countries supporting more than 30 languages.

Prior to December 30, 2004, the business of the Company was conducted through various entities and divisions of the General Electric Company (“GE”). On December 30, 2004, in a series of transactions referred to as the “2004 Reorganization”, GE transferred such operations to the Company. In August 2007, the Company completed an initial public offering of its common shares, pursuant to which the Company and certain of its existing shareholders each sold 17,647,059 common shares. On March 24, 2010, the Company completed a secondary offering pursuant to which GE’s shareholding in the Company decreased to 9.1% and it ceased to be a significant shareholder, although it continued to be a related party. GE’s shareholding has subsequently further declined to less than 5.0%, as a result of which GE is no longer considered a related party.

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Business acquisitions (Tables)

6 Months Ended

Jun. 30, 2012

Headstrong Corporation

Purchase Consideration

Pursuant to the terms of the acquisition agreement and final settlement with the sellers, the purchase consideration comprised the following:

Enterprise value	$	550,000
Net working capital adjustment		8,363
Cash and cash equivalents		25,845
Funded Indebtedness		—
Seller expenses liability		(19,205	)
Total purchase price	$	565,003

Purchase Price Allocated Based on Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the final allocation of the purchase price based on the fair value of the assets acquired and the liabilities assumed as a result of the Headstrong acquisition:

Cash consideration	$	565,003
Acquisition related costs included in selling, general and administrative expenses		5,616
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	25,845
Current assets		62,121
Tangible fixed assets		14,634
Intangible assets		91,020
Deferred tax assets, net		21,748
Other non-current assets		11,968
Current liabilities		(42,815	)
Long term liabilities		(6,274	)
Total identifiable net assets acquired	$	178,247
Goodwill		386,756
Total	$	565,003

Summary of Final Amounts Recognized for Assets Acquired and Liabilities Assumed as of Acquisition Date, as well as Adjustments Made During Measurement Period to Amounts Initially Recorded

The following table summarizes the final amounts recognized for assets acquired and liabilities assumed as of the acquisition date, as well as adjustments made during the measurement period to the amounts initially recorded (measurement period adjustments). The measurement period adjustments did not have a significant impact on our consolidated statements of income, balance sheets or cash flows in any period and, thus, were recorded in the consolidated balance sheet as of June 30, 2012.

	Amounts recognized as of Acquisition Date(Provisional)		Measurement Period Adjustments			Amounts recognized as of Acquisition Date(Final)
Cash and Cash equivalents		25,845		—			25,845
Net assets acquired, other than cash and cash equivalents		149,281		3,121			152,402
Goodwill		389,969		(3,213	)		386,756
Total purchase price	$	565,095	$	(92	)	$	565,003

Fair Value and Estimated Useful Lives of Intangibles

The fair value and estimated useful lives of the intangibles are as follows:

	Fair value		Estimated useful life
Customer related intangibles	$	68,450		2 to 11 years
Marketing related intangibles		21,820		10 years
Other intangibles		750		7 years

Accounting Plaza B.V. ("Accounting Plaza")

Purchase Consideration

As per the terms of the acquisition agreement with sellers, the preliminary estimated purchase consideration as of June 30, 2012 comprised the following:

Initial consideration	$	38,698
Estimated adjustment for transfer of pension funds		—
Estimated adjustment for underfunding in pension funds		—
Estimated adjustment for sellers warranty breaches and certain other transactions		—
Estimated adjustment for transaction costs		(107	)
Preliminary estimated purchase consideration	$	38,591

Purchase Price Allocated Based on Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the preliminary estimated purchase consideration based on the fair value of the assets acquired and the liabilities assumed as of the date of acquisition:

Preliminary estimated purchase consideration	$	38,591
Acquisition related costs included in selling, general and administrative expenses		434
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	1,664
Current assets		11,327
Tangible fixed assets		2,010
Intangible assets		13,138
Deferred tax asset/ (liability), net		(2,711	)
Other non-current assets		971
Current liabilities		(9,062	)
Other liabilities		(4,188	)
Total identifiable net assets acquired	$	13,149
Goodwill		25,442
Total	$	38,591

Fair Value and Estimated Useful Lives of Intangibles

The preliminary estimated value and estimated useful lives of the intangibles are follows:

	Preliminary Estimated value		Estimated useful life
Customer related intangibles	$	13,138		3 – 10 years

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Earnings Per Share (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Earnings Per Share (Abstract)
Net income available to Genpact Limited common shareholders	$ 61,100	$ 39,009	$ 99,640	$ 75,129
Weighted average number of common shares used in computing basic earnings per common share	223,182,251	221,297,842	222,996,243	221,153,301
Dilutive effect of stock based awards	4,698,176	4,848,546	4,680,427	4,691,538
Weighted average number of common shares used in computing dilutive earnings per common share	227,880,427	226,146,388	227,676,670	225,844,839
Earnings per common share attributable to Genpact Limited common shareholders, Basic	$ 0.27	$ 0.18	$ 0.45	$ 0.34
Earnings per common share attributable to Genpact Limited common shareholders, Diluted	$ 0.27	$ 0.17	$ 0.44	$ 0.33

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Earnings per share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share

	Three months ended June 30,				Six months ended June 30,
	2011		2012		2011		2012
Net income available to Genpact Limited common shareholders	$	39,009	$	61,100	$	75,129	$	99,640
Weighted average number of common shares used in computing basic earnings per common share		221,297,842		223,182,251		221,153,301		222,996,243
Dilutive effect of stock based awards		4,848,546		4,698,176		4,691,538		4,680,427
Weighted average number of common shares used in computing dilutive earnings per common share		226,146,388		227,880,427		225,844,839		227,676,670
Earnings per common share attributable to Genpact Limited common shareholders
Basic	$	0.18	$	0.27	$	0.34	$	0.45
Diluted	$	0.17	$	0.27	$	0.33	$	0.44

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Summary of Final Amounts Recognized for Assets Acquired and Liabilities Assumed as of Acquisition Date, as well as Adjustments Made During Measurement Period to Amounts Initially Recorded (Detail) (Headstrong Corporation, USD $) In Thousands, unless otherwise specified	May 03, 2011
Business Combination Allocation of Purchase Price [Line Items]
Cash and cash equivalents	$ 25,845
Net assets acquired, other than cash and cash equivalents	152,402
Goodwill	386,756
Total	565,003
Amounts recognized as of Acquisition Date (Provisional)
Business Combination Allocation of Purchase Price [Line Items]
Cash and cash equivalents	25,845
Net assets acquired, other than cash and cash equivalents	149,281
Goodwill	389,969
Total	565,095
Measurement Period Adjustments
Business Combination Allocation of Purchase Price [Line Items]
Net assets acquired, other than cash and cash equivalents	3,121
Goodwill	(3,213)
Total	$ (92)

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Intangible Assets Acquired Either Individually or with Group of Other Assets or in Business Combination (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 324,099	$ 321,171
Accumulated amortization	209,807	207,883
Net	114,292	113,288
Customer-related intangible assets
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	279,331	275,859
Accumulated amortization	191,015	189,872
Net	88,316	85,987
Marketing-related intangible assets
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	40,096	40,552
Accumulated amortization	17,081	16,312
Net	23,015	24,240
Contract-related intangible assets
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,130	1,219
Accumulated amortization	1,130	1,219
Other intangible assets
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	3,542	3,541
Accumulated amortization	581	480
Net	$ 2,961	$ 3,061

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 436,310	$ 408,020
Accounts receivable, net	427,576	258,498
Accounts receivable from related party, net	190	143,921
Short term deposits	5,249
Deferred tax assets	55,458	46,949
Due from related party		10
Prepaid expenses and other current assets	159,934	127,721
Total current assets	1,084,717	985,119
Property, plant and equipment, net	180,521	180,504
Deferred tax assets	112,271	91,880
Investment in equity affiliates	356	220
Intangible assets, net	114,292	113,288
Goodwill	922,160	925,339
Other assets	112,766	107,037
Total assets	2,527,083	2,403,387
Current liabilities
Short-term borrowings	251,000	252,000
Current portion of long-term debt	29,173	29,012
Current portion of capital lease obligations	1,415	1,005
Current portion of capital lease obligations payable to related party		762
Accounts payable	13,848	20,951
Income taxes payable	50,844	20,118
Deferred tax liabilities	194	35
Due to related party		464
Accrued expenses and other current liabilities	355,103	337,481
Total current liabilities	701,577	661,828
Long-term debt, less current portion	59,300	73,930
Capital lease obligations, less current portion	1,928	846
Capital lease obligations payable to related party, less current portion		855
Deferred tax liabilities	3,251	1,905
Due to related party		9,154
Other liabilities	304,233	219,186
Total liabilities	1,070,289	967,704
Shareholders' equity
Preferred shares, $0.01 par value, 250,000,000 authorized, none issued
Common shares, $0.01 par value, 500,000,000 authorized, 222,347,968 and 222,997,072 issued and outstanding as of December 31, 2011 and June 30, 2012, respectively	2,228	2,222
Additional paid-in capital	1,165,819	1,146,203
Retained earnings	705,026	605,386
Accumulated other comprehensive income (loss)	(419,458)	(320,753)
Genpact Limited shareholders' equity	1,453,615	1,433,058
Noncontrolling interest	3,179	2,625
Total equity	1,456,794	1,435,683
Commitments and contingencies
Total liabilities and equity	2,527,083	2,403,387
Customer-related intangible assets
Current assets
Intangible assets, net	88,316	85,987
Marketing-related intangible assets
Current assets
Intangible assets, net	23,015	24,240
Other intangible assets
Current assets
Intangible assets, net	$ 2,961	$ 3,061

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Other income (expense), net (Tables)

6 Months Ended

Jun. 30, 2012

Other Income (Expense), Net

Other income (expense), net consists of the following:

	Three months ended June 30,						Six months ended June 30,
	2011			2012			2011			2012
Interest income	$	3,605		$	2,385		$	7,163		$	5,510
Interest expense		(1,934	)		(3,406	)		(2,599	)		(6,965	)
Other income		1,355			322			1,560			632
Other income(expense), net	$	3,026		$	(699	)	$	6,124		$	(823	)

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Consolidated Statements of Equity (USD $) In Thousands, except Share data, unless otherwise specified	Total	Common shares	Additional Paid- in Capital	Retained Earnings	Accumulated Other Comprehensive Income (loss)	Non controlling interest
Beginning balance, value at Dec. 31, 2010	$ 1,481,242	$ 2,208	$ 1,105,610	$ 421,092	$ (50,238)	$ 2,570
Beginning balance, value (in shares) at Dec. 31, 2010		220,916,960
Issuance of common shares on exercise of options (Note 11) (in shares)		529,426
Issuance of common shares on exercise of options (Note 11)	5,672	5	5,667
Issuance of common shares under the employee share purchase plan (Note 11) (in shares)		23,579
Issuance of common shares under the employee share purchase plan (Note 11)	318		318
Issuance of common shares on vesting of restricted share units (Note 11) (in shares)		87,500
Issuance of common shares on vesting of restricted share units (Note 11)		1	(1)
Distribution to noncontrolling interest	(3,196)					(3,196)
Stock-based compensation expense (Note 11)	8,559		8,559
Comprehensive income:
Net Income	78,643			75,129		3,514
Other comprehensive income	58,860				58,645	215
End balance, value at Jun. 30, 2011	1,630,098	2,214	1,120,153	496,221	8,407	3,103
End balance, value (in shares) at Jun. 30, 2011		221,557,465
Beginning balance, value at Mar. 31, 2011
Comprehensive income:
Net Income	40,729					1,720
Other comprehensive income						121
End balance, value at Jun. 30, 2011	1,630,098					3,103
Beginning balance, value at Dec. 31, 2011	1,435,683	2,222	1,146,203	605,386	(320,753)	2,625
Beginning balance, value (in shares) at Dec. 31, 2011	222,347,968	222,347,968
Issuance of common shares on exercise of options (Note 11) (in shares)	375,088	375,088
Issuance of common shares on exercise of options (Note 11)	3,150	4	3,146
Issuance of common shares under the employee share purchase plan (Note 11) (in shares)		44,916
Issuance of common shares under the employee share purchase plan (Note 11)	638		638
Net settlement on vesting of restricted share units (Note 11) (in shares)	229,100	229,100
Net settlement on vesting of restricted share units (Note 11)	(1,409)	2	(1,411)
Distribution to noncontrolling interest	(2,762)					(2,762)
Stock-based compensation expense (Note 11)	17,243		17,243
Comprehensive income:
Net Income	103,055			99,640		3,415
Other comprehensive income	(98,804)				(98,705)	(99)
End balance, value at Jun. 30, 2012	1,456,794	2,228	1,165,819	705,026	(419,458)	3,179
End balance, value (in shares) at Jun. 30, 2012	222,997,072	222,997,072
Beginning balance, value at Mar. 31, 2012
Comprehensive income:
Net Income	62,799					1,699
Other comprehensive income						(136)
End balance, value at Jun. 30, 2012	$ 1,456,794					$ 3,179
End balance, value (in shares) at Jun. 30, 2012	222,997,072

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Commitments and Contingencies - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Commitments and Contingencies [Line Items]
Commitments and contingencies
Commitment To Purchase Property, Plant and Equipment
Commitments and Contingencies [Line Items]
Commitments and contingencies	11,374	9,694
Outstanding Bank Guarantees
Commitments and Contingencies [Line Items]
Commitments and contingencies	$ 11,799	$ 10,866

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Cash and Cash Equivalents - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Restricted cash balances	$ 601	$ 254

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Derivative financial instruments (Tables)

6 Months Ended

Jun. 30, 2012

Aggregate Notional Principal Amounts of Outstanding Derivative Financial Instruments Together with Related Balance Sheet Exposure

The following table presents the aggregate notional principal amounts of the outstanding derivative financial instruments together with the related balance sheet exposure:

	Notional principal amounts  (Note a)				Balance sheet exposure asset (liability) (Note b)
	As of December 31, 2011		As of June 30, 2012		As of December 31, 2011			As of June 30, 2012
Foreign exchange forward contracts denominated in:
United States Dollars (sell) Indian Rupees (buy)	$	1,856,100	$	1,815,000	$	(210,297	)	$	(264,335	)
United States Dollars (sell) Mexican Peso (buy)		7,200		15,600		(461	)		(339	)
United States Dollars (sell) Philippines Peso (buy)		36,900		50,100		872			1,952
Euro (sell) United States Dollars (buy)		77,836		89,723		2,821			4,866
Euro (sell) Hungarian Forints (buy)		9,950		11,027		(953	)		(16	)
Euro (sell) Romanian Leu (buy)		60,361		67,746		416			(1,396	)
Japanese Yen (sell) Chinese Renminbi (buy)		52,434		46,546		(5,381	)		(3,046	)
Pound Sterling (sell) United States Dollars (buy)		93,996		114,979		2,588			1,105
Australian Dollars (sell) United States Dollars (buy)		68,637		80,335		(2,356	)		(2,575	)
					$	(212,751	)	$	(263,784	)

(a) Notional amounts are key elements of derivative financial instrument agreements, but do not represent the amount exchanged by counterparties and do not measure the Company’s exposure to credit or market risks. The amounts exchanged are based on the notional amounts and other provisions of the underlying derivative financial instruments agreements.

(b) Balance sheet exposure is denominated in U.S. Dollars and denotes the mark-to-market impact of the derivative financial instruments on the reporting date.

Fair Value of Derivative Instruments And Location on Financial Statements

The fair value of the derivative instruments and their location in the financial statements of the Company are summarized in the table below:

	Cash flow				Non-designated
	As of December 31, 2011		As of June 30, 2012		As of December 31, 2011		As of June 30, 2012
Assets
Prepaid expenses and other current assets	$	4,545	$	5,239	$	782	$	1,908
Other assets	$	3,550	$	2,639	$	—	$	—
Liabilities
Accrued expenses and other current liabilities	$	56,377	$	83,133	$	10,527	$	10,129
Other liabilities	$	154,724	$	180,308	$	—	$	—

Cash Flow Hedges, Gains (Losses) Recorded as Component of Accumulated Other Comprehensive Income (Loss) or Other Comprehensive Income

In connection with cash flow hedges, the gains (losses) recorded as a component of other comprehensive income (loss) or OCI and the related tax effects are summarized below:

	Three months ended June 30, 2011									Three months ended June 30, 2012									Six months ended June 30, 2011									Six months ended June 30, 2012
	Before- Tax amount			Tax (Expense) or Benefit			Net of tax Amount			Before-Tax amount			Tax (Expense) or Benefit			Net of tax Amount			Before-Tax amount			Tax (Expense) or Benefit			Net of tax Amount			Before-Tax amount			Tax (Expense) or Benefit			Net of tax Amount
Opening balance		(1,390	)		(1,452	)		62			(135,486	)		(48,132	)		(87,354	)		(27,482	)		(9,247	)		(18,235	)		(203,006	)		(71,125	)		(131,881	)
Net gains (losses) reclassified into statement of income on completion of hedged transactions		(9,312	)		(3,461	)		(5,851	)		(6,959	)		(2,379	)		(4,580	)		(25,344	)		(9,157	)		(16,187	)		(6,840	)		(2,253	)		(4,587	)
Changes in fair value of effective portion of outstanding derivatives, net		21,240			7,787			13,453			(127,035	)		(44,687	)		(82,348	)		31,300			9,886			21,414			(59,396	)		(21,568	)		(37,828	)
Unrealised gain (loss) on cash flow hedging derivatives, net		30,552			11,248			19,304			(120,076	)		(42,308	)		(77,768	)		56,644			19,043			37,601			(52,556	)		(19,315	)		(33,241	)
Closing balance as of June 30		29,162			9,796			19,366			(255,562	)		(90,440	)		(165,122	)		29,162			9,796			19,366			(255,562	)		(90,440	)		(165,122	)

Gain/Loss Recognized in Other Comprehensive Income (Loss)

The gains / losses recognized in other comprehensive income (loss), and their effect on financial performance are summarized below:

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) recognized in OCI on Derivatives (Effective Portion)					Location of Gain (Loss) reclassified from OCI into Statement of Income (Effective Portion)	Amount of Gain (Loss) reclassified from OCI into Statement of Income (Effective Portion)												Location of Gain (Loss) recognized in Income on Derivatives (Ineffective Portion and Amount excluded from Effectiveness Testing)	Amount of Gain (Loss) recognized in income on Derivative (Ineffective Portion and Amount excluded from Effectiveness Testing)
	Six months ended June 30,						Three months ended June 30,						Six months ended June 30,							Three months ended June 30,				Six months ended June 30,
	2011		2012				2011			2012			2011			2012				2011		2012		2011		2012
Forward foreign exchange contracts	$	31,300	$	(59,396	)	Revenue	$	(2,785	)	$	(1,156	)	$	(4,237	)	$	(2,442	)	Foreign exchange(gains) losses, net	$	—	$	—	$	—	$	—
						Cost of revenue		(5,154	)		(4,518	)		(17,456	)		(3,411	)
						Selling, general and administrative expenses		(1,373	)		(1,286	)		(3,651	)		(987	)
	$	31,300	$	(59,396	)		$	(9,312	)	$	(6,960	)	$	(25,344	)	$	(6,840	)		$	—	$	—	$	—	$	—

Non designated Hedges

		Amount of (Gain) Loss recognized in Income on Derivatives
	Location of (Gain) Loss recognized in Income on Derivatives	Three months ended June 30,						Six months ended June 30,
Derivatives not designated as hedging instruments		2011			2012			2011			2012
Forward foreign exchange contracts (Note a)	Foreign exchange (gains) losses, net	$	(390	)	$	(10,566	)		(2	)		(1,587	)
		$	(390	)	$	(10,566	)	$	(2	)	$	(1,587	)

(a) These forward foreign exchange contracts were entered into to hedge the fluctuations in foreign exchange rates for recognized balance sheet items such as receivables and inter-company borrowings, and were not originally designated as hedges under FASB guidance on Derivatives and Hedging. Realized (gains) losses and changes in the fair value of these derivatives are recorded in foreign exchange (gains) losses, net in the consolidated statements of income.

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Fair Value of Derivative Instruments and Location on Financial Statements (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Cash Flow Hedging | Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Fair value of assets	$ 5,239	$ 4,545
Cash Flow Hedging | Other Assets
Derivatives, Fair Value [Line Items]
Fair value of assets	2,639	3,550
Cash Flow Hedging | Accrued Expenses and Other Current Liabilities
Derivatives, Fair Value [Line Items]
Fair value of liabilities	83,133	56,377
Cash Flow Hedging | Other Liabilities
Derivatives, Fair Value [Line Items]
Fair value of liabilities	180,308	154,724
Not Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Fair value of assets	1,908	782
Not Designated as Hedging Instrument | Accrued Expenses and Other Current Liabilities
Derivatives, Fair Value [Line Items]
Fair value of liabilities	$ 10,129	$ 10,527

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Cost of Revenue

6 Months Ended

Jun. 30, 2012

Cost of Revenue

15. Cost of revenue

Cost of revenue consists of the following:

	Three months ended June 30,				Six months ended June 30,
	2011		2012		2011		2012
Personnel expenses	$	168,132	$	195,087	$	311,873	$	380,638
Operational expenses		72,527		78,054		130,087		146,029
Depreciation and amortization		13,371		12,081		26,557		24,020
	$	254,030	$	285,222	$	468,517	$	550,687

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Property, plant and equipment, net (Tables)

6 Months Ended

Jun. 30, 2012

Property, Plant And Equipment, Net

Property, plant and equipment, net consist of the following:

	As of December 31, 2011			As of June 30, 2012
Property, plant and equipment, gross	$	451,415			$	463,294
Less: Accumulated depreciation and amortization		(270,911	)			(282,773	)
Property, plant and equipment, net	$	180,504			$	180,521

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Other operating (income) expense, net

6 Months Ended

Jun. 30, 2012

Other operating (income) expense, net

17. Other operating (income) expense, net

	Three months ended June 30,						Six months ended June 30,
	2011			2012			2011			2012
Other operating (income) expense	$	(800	)	$	(801	)	$	(1,756	)	$	(1,513	)
Impairment of capital work in progress / property, plant and equipment		1,465			—			1,465			—
Other operating (income) expense, net	$	665		$	(801	)	$	(291	)	$	(1,513	)

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Property, Plant and Equipment, Net (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 463,294	$ 451,415
Less: Accumulated depreciation and amortization	(282,773)	(270,911)
Property, plant and equipment, net	$ 180,521	$ 180,504

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Operating activities
Net income attributable to Genpact Limited shareholders	$ 99,640	$ 75,129
Net income attributable to noncontrolling interest	3,415	3,514
Net Income	103,055	78,643
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation and amortization	28,145	29,005
Amortization of debt issue costs	1,307	554
Amortization of acquired intangible assets	11,118	8,300
Reserve for doubtful receivables	(151)	1,853
Reserve for mortgage loans	107
Unrealized (gain) loss on revaluation of foreign currency asset/liability	(18,962)	(45)
Equity-method investment activity, net	26	267
Stock-based compensation expense	17,243	8,559
Deferred income taxes	(8,728)	(2,579)
Others, net	90	1,400
Change in operating assets and liabilities:
Increase in accounts receivable	(16,791)	(24,647)
Increase in other assets	(36,308)	(33,122)
Decrease in accounts payable	(5,076)	(2,374)
Decrease in accrued expenses and other current liabilities	(1,321)	(13,506)
Increase in income taxes payable	30,611	24,092
Increase in other liabilities	27,707	5,632
Net cash provided by operating activities	132,072	82,032
Investing activities
Purchase of property, plant and equipment	(41,602)	(12,106)
Proceeds from sale of property, plant and equipment	283	479
Investment in affiliates	(205)
Purchase of short term investments		(129,458)
Proceeds from sale of short term investments		206,443
Short term deposits placed	(26,493)
Redemption of short term deposits	20,410
Payment for business acquisitions, net of cash acquired	(36,927)	(561,075)
Net cash provided by (used for) investing activities	(84,534)	(495,717)
Financing activities
Repayment of capital lease obligations	(1,162)	(1,500)
Proceeds from long-term debt		120,000
Repayment of long-term debt	(15,000)	(25,000)
Short-term borrowings, net	(1,000)	252,000
Proceeds from issuance of common shares under stock based compensation plans	3,788	5,989
Payment for net settlement of stock based awards	(1,409)
Direct cost incurred in relation to Debt		(8,315)
Distribution to non-controlling interest	(2,762)	(3,196)
Net cash provided by (used for) financing activities	(17,545)	339,978
Effect of exchange rate changes	(1,703)	6,075
Net increase (decrease) in cash and cash equivalents	29,993	(73,707)
Cash and cash equivalents at the beginning of the period	408,020	404,034
Cash and cash equivalents at the end of the period	436,310	336,402
Supplementary information
Cash paid during the period for interest	4,212	1,509
Cash paid during the period for income taxes	40,266	23,498
Property, plant and equipment acquired under capital lease obligation	$ 1,178	$ 758

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Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Preferred shares, par value	$ 0.01	$ 0.01
Preferred shares, authorized	250,000,000	250,000,000
Preferred shares, issued
Common shares, par value	$ 0.01	$ 0.01
Common shares, authorized	500,000,000	500,000,000
Common shares, issued	222,997,072	222,347,968
Common shares, outstanding	222,997,072	222,347,968

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Employee benefit plans

6 Months Ended

Jun. 30, 2012

Employee benefit plans

10. Employee benefit plans

The Company has employee benefit plans in the form of certain statutory and other schemes covering its employees.

Defined benefit plans

In accordance with Indian law, the Company provides a defined benefit retirement plan (the “Gratuity Plan”) covering substantially all of its Indian employees. In accordance with Mexican law, the Company provides termination benefits (the “Mexican Plan”) to all of its Mexican employees. In addition, some of the company’s subsidiaries in Philippines (the “Philippines Plan”) and Japan (the “Japan Plan”) have sponsored defined benefit retirement programs.

Net defined benefit plan costs for the three months and six months ended June 30, 2011 and 2012 include the following components:

	Three months ended June 30,						Six months ended June 30,
	2011			2012			2011			2012
Service costs	$	860		$	961		$	1,553		$	1,974
Interest costs		378			445			713			915
Amortization of actuarial loss		140			166			277			339
Expected return on plan assets		(160	)		(202	)		(330	)		(412	)
Net Gratuity Plan costs	$	1,218		$	1,370		$	2,213		$	2,816

Defined contribution plans

During the three months and six months ended June 30, 2011 and 2012, the Company contributed the following amounts to defined contribution plans in various jurisdictions:

	Three months ended June 30,				Six months ended June 30,
	2011		2012		2011		2012
India	$	2,749	$	3,439	$	6,069	$	6,917
U.S.		510		739		1,168		1,766
U.K.		316		442		523		750
Hungary		9		7		22		46
China		2,088		2,958		4,261		5,791
Mexico		7		4		18		21
South Africa		137		84		164		164
Morocco		37		59		72		89
Hongkong		—		9		—		17
Netherlands		—		429		—		429
Philippines		—		4		—		7
Total	$	5,853	$	8,174	$	12,297	$	15,997

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	Jan. 26, 2010	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012 General Electric Company	Jun. 30, 2011 General Electric Company	Jun. 30, 2012 General Electric Company	Jun. 30, 2011 General Electric Company	Mar. 31, 2012 General Electric Company Maximum	Jun. 30, 2011 Ge And Companies Where Ge Has Majority Ownership Interest Or Exercises Significant Influence	Jun. 30, 2011 Ge And Companies Where Ge Has Majority Ownership Interest Or Exercises Significant Influence	Dec. 31, 2011 Ge And Companies Where Ge Has Majority Ownership Interest Or Exercises Significant Influence	Dec. 31, 2010 Ge And Companies Where Ge Has Majority Ownership Interest Or Exercises Significant Influence	Dec. 31, 2009 Ge And Companies Where Ge Has Majority Ownership Interest Or Exercises Significant Influence	Dec. 31, 2008 Ge And Companies Where Ge Has Majority Ownership Interest Or Exercises Significant Influence	Dec. 31, 2007 Ge And Companies Where Ge Has Majority Ownership Interest Or Exercises Significant Influence	Dec. 31, 2006 Ge And Companies Where Ge Has Majority Ownership Interest Or Exercises Significant Influence	Dec. 31, 2005 Ge And Companies Where Ge Has Majority Ownership Interest Or Exercises Significant Influence	Jun. 30, 2012 January 1, 2012 GE And Companies Where GE Has Majority Ownership Interest Or Exercises Significant Influence	Jun. 30, 2012 January 1, 2013 GE And Companies Where GE Has Majority Ownership Interest Or Exercises Significant Influence	Jun. 30, 2012 January 1, 2014 GE And Companies Where GE Has Majority Ownership Interest Or Exercises Significant Influence	Jun. 30, 2012 December 31, 2014 GE And Companies Where GE Has Majority Ownership Interest Or Exercises Significant Influence	Jun. 30, 2012 December 31, 2015 GE And Companies Where GE Has Majority Ownership Interest Or Exercises Significant Influence	Jun. 30, 2012 December 31, 2016 GE And Companies Where GE Has Majority Ownership Interest Or Exercises Significant Influence	Jun. 30, 2012 Non-Consolidating Affiliates	Jun. 30, 2011 Non-Consolidating Affiliates	Jun. 30, 2012 Non-Consolidating Affiliates	Jun. 30, 2011 Non-Consolidating Affiliates	Jun. 30, 2012 Customer In Which Company's Directors Have Controlling Interest	Jun. 30, 2011 Customer In Which Company's Directors Have Controlling Interest	Jun. 30, 2012 Customer In Which Company's Directors Have Controlling Interest	Jun. 30, 2011 Customer In Which Company's Directors Have Controlling Interest	Jun. 30, 2012 Customer Which Has Significant Interest In The Company	Jun. 30, 2011 Customer Which Has Significant Interest In The Company	Jun. 30, 2012 Customer Which Has Significant Interest In The Company	Jun. 30, 2011 Customer Which Has Significant Interest In The Company
Related Party Transaction [Line Items]
Percent of ownership held										5.00%
Long-term purchase commitment, years	2 years			7 years
Minimum volume commitment													$ 360,000	$ 360,000	$ 360,000	$ 360,000	$ 360,000	$ 360,000	$ 360,000	$ 270,000	$ 180,000	$ 90,000
Extension of minimum volume commitment	360,000																						250,000	150,000	90,000
Recognized net revenues		162	122,783	317	235,744						122,629	235,411																		115	81	227	157	47	73	90	176
Percentage of total net revenues						27.00%	31.00%	27.00%	32.00%		31.00%	32.00%
Cost of revenue, net of recovery											756	2,067														529	124	1,084	357
Selling, general and administrative expenses net of recovery											100	282														102	15	210	4
Other operating (income) expense, net											(587)	(1,100)
Interest expense on lease obligations											88	191
Investment in equity affiliates																										$ 0	$ 0	$ 205	$ 0

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Income Taxes - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Unrecognized tax benefits	$ 20,333	$ 23,712
Unrecognized tax benefits that would impact effective tax rate	20,187	23,551
Unrecognized tax benefits, interest on income taxes accrued	$ 2,442	$ 2,536

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Document and Entity Information	6 Months Ended
	Jun. 30, 2012	Jul. 27, 2012
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
Trading Symbol	G
Entity Registrant Name	GENPACT LTD
Entity Central Index Key	0001398659
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		223,116,542

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Stock-based compensation

6 Months Ended

Jun. 30, 2012

Stock-based compensation

11. Stock-based compensation

The Company has issued options under the Genpact Global Holdings 2005 Plan (the “2005 Plan”), Genpact Global Holdings 2006 Plan (the “2006 Plan”), Genpact Global Holdings 2007 Plan (the “2007 Plan”) and Genpact Limited 2007 Omnibus Incentive Compensation Plan (the “2007 Omnibus Plan”) to eligible persons who are employees, directors and certain other persons associated with the Company.

From the date of adoption of the 2007 Omnibus Plan on July 13, 2007, the options forfeited, expired, terminated, or cancelled under any of the plans will be added to the number of shares otherwise available for grant under the 2007 Omnibus Plan. The 2007 Omnibus Plan was amended and restated on April 11, 2012 to increase the number of common shares authorized for issuance by 5,593,200 shares to 15,000,000 shares.

The stock-based compensation costs relating to the above plans during the six months ended June 30, 2011 and 2012 were $8,519 and $17,166, respectively, and for the three months ended June 30, 2011 and 2012 were $5,472 and $9,941, respectively. These costs have been allocated to cost of revenue and selling, general, and administrative expenses.

Stock options

A summary of the options activity during the six months ended June 30, 2012 is set out below:

	Six months ended June 30, 2012
	Shares arising out of options			Weighted average exercise price		Weighted average remaining contractual life (years)		Aggregate intrinsic value
Outstanding as of January 1, 2012		13,734,820		$	10.58		5.4		—
Granted		—			—		—		—
Forfeited		(236,485	)		10.83		—		—
Expired		(54,655	)		15.32		—		—
Exercised		(375,088	)		8.40		—		3,087
Outstanding as of June 30, 2012		13,068,592		$	10.61		4.8	$	78,655
Vested and exercisable as of June 30, 2012 and expected to vest thereafter (Note a)		12,748,385		$	10.55		4.8	$	77,526
Vested and exercisable as of June 30, 2012		9,651,170		$	9.53		4.3	$	68,548
Weighted average grant date fair value of grants during the period	$	—

(a) Options expected to vest reflect an estimated forfeiture rate.

As of June 30, 2012, the total remaining unrecognized stock-based compensation cost for options expected to vest amounted to $11,144, which will be recognized over the weighted average remaining requisite vesting period of 1.42 years.

Restricted Share Units

The Company granted restricted share units, or RSUs, under the 2007 Omnibus Plan. Each RSU represents the right to receive one common share. The fair value of each RSU is the market price of one common share of the Company on the date of the grant. The RSUs granted to date have graded vesting schedules of one to four years. The compensation expense is recognized on a straight-line basis over the vesting term.

A summary of RSUs granted during the six months ended June 30, 2012 is set out below:

	Six months ended June 30, 2012
	Number of Restricted Share Units			Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2012		2,262,153		$	15.27
Granted		120,000			15.43
Vested*		(345,280	)		14.36
Forfeited		(72,016	)		16.20
Outstanding as of June 30, 2012		1,964,857		$	15.40
Expected to vest		1,580,720

* Out of this, 336,244 RSUs have been net settled on vesting by issuing 229,100 shares (net of minimum tax withholding). Also, 9,036 RSUs have vested in the six months ended June 30, 2012, the shares in respect of which will be issued on December 31, 2013.

During the year ended December 31, 2011, 102,000 RSUs vested, the shares in respect of which will be issued on December 31, 2012.

As of June 30, 2012, the total remaining unrecognized stock-based compensation cost related to RSUs amounted to $20,418 which will be recognized over the weighted average remaining requisite vesting period of 2.73 years.

Performance Units

The Company also grants stock awards in the form of Performance Units, or PUs, under the 2007 Omnibus Plan.

The Company granted PUs, each of which represents the right to receive a common share based on the Company’s performance against specified targets. PUs granted to date have vesting schedules of six months to three years. The fair value of each PU is the market price of one common share of the Company on the date of grant, and assumes that performance targets will be achieved. The PUs granted under the plan are subject to cliff or graded vesting. For awards with cliff vesting, the compensation expense is recognized on a straight line basis over the vesting terms and for awards with graded vesting, compensation expense is recognized over the vesting term of each separately vesting portion. Over the performance period, the number of shares that will be issued will be adjusted upward or downward based upon the probability of achievement of the performance targets. The ultimate number of shares issued and the related compensation cost recognized as expense will be based on a comparison of the final performance metrics to the specified targets.

A summary of PU activity during the six months ended June 30, 2012 is set out below:

	Six months ended June 30, 2012
	Number of Performance Units			Weighted Average Grant Date Fair Value		Maximum Shares Eligible to Receive
Outstanding as of January 1, 2012		2,271,724		$	15.17		3,247,322
Granted		1,200,000			15.25		1,800,000
Vested		—			—		—
Forfeited		(99,848	)		16.61		(131,310	)
Outstanding as of June 30, 2012		3,371,876		$	15.16		4,916,012
Performance units expected to vest		3,086,397

During the year ended December 31, 2011, PUs vested at 128.9% (214,880 shares). Shares in respect of these vested PUs will be issued on December 31, 2012.

As of June 30, 2012, the total remaining unrecognized stock-based compensation costs related to PUs amounted to $27,061 which will be recognized over the weighted average remaining requisite vesting period of 1.94 years.

In the first quarter of 2011, the compensation committee of the board of directors of the Company modified the performance metrics for the performance grants made to employees in March 2010 from Revenue and EBITDA growth to Revenue and adjusted operating income growth.

	Original Performance Target						Modified Performance Target
Performance Level	Revenue Growth			EBITDA Growth			Revenue Growth			Adjusted Income from Operation Growth
Outstanding		20.0	%		20.0	%		20.0	%		20.0	%
Target		15.0	%		15.0	%		15.0	%		15.0	%
Threshold		10.0	%		10.0	%		10.0	%		10.0	%

For the August 2010 performance grant made to the Company’s former CEO, who assumed the role of Non-Executive Vice-Chairman as of June 17, 2011, in addition to the modification made to the performance metrics from revenue and EBITDA growth to revenue and adjusted operating income growth, because the award vests based on annual performance targets whereas the awards to the employees vest based on average performance over three years, revision has been made to the performance targets in order to make the performance targets consistent with performance unit grants made to employees in the first quarter of 2011.

	Original Performance Target						Modified Performance Target
Performance Level	Revenue Growth			EBITDA Growth			Revenue Growth			Adjusted Income from Operation Growth
Outstanding		20.0	%		20.0	%		17.0	%		16.0	%
Target		15.0	%		15.0	%		12.5	%		12.5	%
Threshold		10.0	%		10.0	%		8.0	%		7.0	%

As of the date of the above modifications, incremental compensation cost of $4,109 was determined which is to be recognized over a period of 21.5 months starting from March 2011 to December 31, 2012.

Employee Stock Purchase Plan (ESPP)

On May 1, 2008, the Company adopted the Genpact Limited U.S. Employee Stock Purchase Plan and the Genpact Limited International Employee Stock Purchase Plan (together, the “ESPP”).

The ESPP allowed eligible employees to purchase the Company’s common shares through payroll deduction at 95% of the fair value per share on the last business day of each purchase interval ending on or prior to August 31, 2009. The purchase price has been reduced to 90% of the fair value per share on the last business day of each purchase interval commencing with effect from September 1, 2009. The dollar amount of common shares purchased under the ESPP shall not exceed the greater of 15% of the participating employee’s base salary or $25 per calendar year. With effect from September 1, 2009, the offering periods commence on the first business day in March, June, September and December of each year and end on the last business day in the subsequent May, August, November and February of each year. 4,200,000 common shares have been reserved for issuance in the aggregate over the term of the ESPP.

During the six months ended June 30, 2011 and 2012, common shares issued under ESPP were 23,579 and 44,916, respectively.

The ESPP was considered non compensatory under the FASB guidance on Compensation-Stock Compensation through the purchase interval ending on or prior to August 31, 2009. As a result of the change in the discount rate, the ESPP is being considered compensatory with effect from September 1, 2009.

The compensation expense for the employee stock purchase plan is recognized in accordance with the FASB guidance on Compensation-Stock Compensation. The compensation expense for the ESPP during the six months ended June 30, 2011 and 2012 was $40 and $77, respectively, and for the three months ended June 30, 2011 and 2012, was $22 and $39, respectively and has been allocated to cost of revenue and selling, general, and administrative expenses.

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Modification of Performance Metrics for Performance Grants Made to Employees (Detail) (Performance Grants Made To Employees)	3 Months Ended
	Mar. 31, 2011
Performance Grants Made To Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Original Performance Target, Revenue Growth, Outstanding	20.00%
Original Performance Target, Revenue Growth, Target	15.00%
Original Performance Target, Revenue Growth, Threshold	10.00%
Original Performance Target, EBITDA Growth, Outstanding	20.00%
Original Performance Target, EBITDA Growth, Target	15.00%
Original Performance Target, EBITDA Growth, Threshold	10.00%
Modified Performance Target, Revenue Growth, Outstanding	20.00%
Modified Performance Target, Revenue Growth, Target	15.00%
Modified Performance Target, Revenue Growth, Threshold	10.00%
Modified Performance Target, Adjusted Income from Operation growth, Outstanding	20.00%
Modified Performance Target, Adjusted Income from Operation growth, Target	15.00%
Modified Performance Target, Adjusted Income from Operation growth, Threshold	10.00%

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Other Income (Expense) Net (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Other Income (Expense), Net
Interest income	$ 2,385	$ 3,605	$ 5,510	$ 7,163
Interest expense	(3,406)	(1,934)	(6,965)	(2,599)
Other income	322	1,355	632	1,560
Other income (expense), net	$ (699)	$ 3,026	$ (823)	$ 6,124

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Consolidated Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Net revenues
Net revenues from services-related party	$ 162	$ 122,783	$ 317	$ 235,744
Net revenues from services-others	467,469	274,840	902,793	492,432
Total net revenues	467,631	397,623	903,110	728,176
Cost of revenue
Services	285,222	254,030	550,687	468,517
Total cost of revenue	285,222	254,030	550,687	468,517
Gross profit	182,409	143,593	352,423	259,659
Operating expenses:
Selling, general and administrative expenses	114,253	86,724	219,258	154,165
Amortization of acquired intangible assets	5,790	5,140	11,080	8,217
Other operating (income) expense, net	(801)	665	(1,513)	(291)
Income from operations	63,167	51,064	123,598	97,568
Foreign exchange (gains) losses, net	(21,977)	(1,130)	(18,306)	(2,697)
Other income (expense), net	(699)	3,026	(823)	6,124
Income before Equity-method investment activity, net and income tax expense	84,445	55,220	141,081	106,389
Equity-method investment activity, net	13	134	26	267
Income before income tax expense	84,432	55,086	141,055	106,122
Income tax expense	21,633	14,357	38,000	27,479
Net Income	62,799	40,729	103,055	78,643
Net income attributable to noncontrolling interest	1,699	1,720	3,415	3,514
Net income attributable to Genpact Limited shareholders	61,100	39,009	99,640	75,129
Net income available to Genpact Limited common shareholders	$ 61,100	$ 39,009	$ 99,640	$ 75,129
Earnings per common share attributable to Genpact Limited common shareholders
Basic	$ 0.27	$ 0.18	$ 0.45	$ 0.34
Diluted	$ 0.27	$ 0.17	$ 0.44	$ 0.33
Weighted average number of common shares used in computing earnings per common share attributable to Genpact Limited common shareholders
Basic	223,182,251	221,297,842	222,996,243	221,153,301
Diluted	227,880,427	226,146,388	227,676,670	225,844,839

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Accounts receivable, net of reserve for doubtful receivables

6 Months Ended

Jun. 30, 2012

Accounts receivable, net of reserve for doubtful receivables

5. Accounts receivable, net of reserve for doubtful receivables

Accounts receivable were $411,123 and $435,693 and reserve for doubtful receivables were $8,704 and $7,927, resulting in net accounts receivable balances of $402,419 and $427,766 as of December 31, 2011 and June 30, 2012, respectively. In addition, accounts receivable due after one year of $20,579 and $19,697 as of December 31, 2011 and June 30, 2012, respectively, are included under “Other Assets” in the Consolidated Balance Sheets.

Accounts receivable from related parties were $144,782 and $200, and reserve for doubtful receivables were $861 and $10, resulting in net accounts receivable balances of $143,921 and $190, as of December 31, 2011 and June 30 2012, respectively

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Cash and cash equivalents

6 Months Ended

Jun. 30, 2012

Cash and cash equivalents

4. Cash and cash equivalents

Cash and cash equivalents as of December 31, 2011 and June 30, 2012 comprise:

	As of December 31, 2011		As of June 30, 2012
Deposits with banks	$	267,467	$	147,971
U.S. Treasury bills		—		133,997
Other cash and bank balances		140,553		154,342
Total	$	408,020	$	436,310

Cash and cash equivalents as of December 31, 2011 and June 30, 2012, include restricted cash balances of $254 and $601, respectively. Restrictions are primarily attributable to margin requirements against bank guarantees, balances designated for statutory payments, and deposits for foreign currency advances on which the bank has created a lien.

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Selling, General and Administrative Expenses

6 Months Ended

Jun. 30, 2012

Selling, General and Administrative Expenses

16. Selling, general and administrative expenses

Selling, general and administrative expenses consist of the following:

	Three months ended June 30,				Six months ended June 30,
	2011		2012		2011		2012
Personnel expenses	$	59,438	$	79,556	$	106,958	$	150,496
Operational expenses		25,276		32,475		43,418		64,402
Depreciation and amortization		2,010		2,222		3,789		4,360
	$	86,724	$	114,253	$	154,165	$	219,258

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Earnings per share

6 Months Ended

Jun. 30, 2012

Earnings per share

12. Earnings per share

The Company calculates earnings per share in accordance with FASB guidance on Earnings per share. Basic and diluted earnings per common share give effect to the change in the number of common shares of the Company. The calculation of earnings per common share was determined by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the respective periods. The potentially dilutive shares, consisting of outstanding options on common shares, restricted share units, common shares to be issued under the ESPP and performance units have been included in the computation of diluted net earnings per share and the weighted average shares outstanding, except where the result would be anti-dilutive.

The number of stock options outstanding but not included in the computation of diluted earnings per common share because their effect was anti-dilutive is 7,337,228 and 6,407,134 for the six months ended June 30, 2011 and 2012, respectively and was 6,894,891 and 6,246,826 for the three months ended June 30, 2011 and 2012, respectively.

	Three months ended June 30,				Six months ended June 30,
	2011		2012		2011		2012
Net income available to Genpact Limited common shareholders	$	39,009	$	61,100	$	75,129	$	99,640
Weighted average number of common shares used in computing basic earnings per common share		221,297,842		223,182,251		221,153,301		222,996,243
Dilutive effect of stock based awards		4,848,546		4,698,176		4,691,538		4,680,427
Weighted average number of common shares used in computing dilutive earnings per common share		226,146,388		227,880,427		225,844,839		227,676,670
Earnings per common share attributable to Genpact Limited common shareholders
Basic	$	0.18	$	0.27	$	0.34	$	0.45
Diluted	$	0.17	$	0.27	$	0.33	$	0.44

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Short-Term Borrowings - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Line of Credit Facility [Line Items]
Fund-based and non-fund-based credit facilities limits available	$ 17,212	$ 17,417
Utilization of credit facility for non fund-based usage	3,500	3,990
Rate of interest on credit facility	2.11585%
Credit facility, amount outstanding	259,299	259,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Fund based and non-fund-based short term revolving credit facility, maximum limit	260,000
Revolving credit facility, expiration date	May 31, 2015
Rate of interest on credit facility	1.89525%	1.8965%
Fund-Based Credit Facility
Line of Credit Facility [Line Items]
Credit facility, amount outstanding	251,000	252,000
Non-Fund-Based Credit Facility
Line of Credit Facility [Line Items]
Credit facility, amount outstanding	$ 8,299	$ 7,000

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Property, plant and equipment, net

6 Months Ended

Jun. 30, 2012

Property, plant and equipment, net

8. Property, plant and equipment, net

Property, plant and equipment, net consist of the following:

	As of December 31, 2011			As of June 30, 2012
Property, plant and equipment, gross	$	451,415			$	463,294
Less: Accumulated depreciation and amortization		(270,911	)			(282,773	)
Property, plant and equipment, net	$	180,504			$	180,521

Depreciation expense on property, plant and equipment for the six months ended June 30, 2011 and 2012 was $23,839 and $22,422, respectively, and for the three months ended June 30, 2011 and 2012 was $12,066 and $11,316, respectively. The amount of computer software amortization for the six months ended June 30, 2011 and 2012 was $6,507 and $5,958, respectively and for the three months ended June 30, 2011 and 2012 was $3,315 and $2,987 respectively.

The above depreciation and amortization expense includes the effect of reclassification of foreign exchange (gains) losses related to the effective portion of the foreign currency derivative contracts amounting to $1,341 and $235 for the six months ended June 30, 2011 and 2012, respectively, and $379 and $312 for the three months ended June 30, 2011 and 2012, respectively.

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Accounts Receivable, Net of Provision for Doubtful Receivables - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross accounts receivable	$ 435,693	$ 411,123
Reserve for doubtful receivables	7,927	8,704
Net accounts receivable	427,766	402,419
Accounts receivable due after one year	19,697	20,579
Accounts receivable from related parties	200	144,782
Reserve for doubtful receivables from related parties	10	861
Net accounts receivable from related parties	$ 190	$ 143,921

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Fair Value Measurements

6 Months Ended

Jun. 30, 2012

Fair Value Measurements

6. Fair Value Measurements

The Company measures certain financial assets and liabilities at fair value on a recurring basis, including derivative instruments, and loans held for sale. The fair value measurements of these derivative instruments and loans held for sale were determined using the following inputs as of December 31, 2011 and June 30, 2012:

	As of December 31, 2011
	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Other  Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Derivative Instruments (Note a)	$	8,877	$	—	$	8,877	$	—
Loans held for sale (Note a)		469		—		—		469
Total	$	9,346	$	—	$	8,877	$	469
Liabilities
Derivative Instruments (Note b)	$	221,628	$	—	$	221,628	$	—
Total	$	221,628	$	—	$	221,628	$	—

	As of June 30, 2012
	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical  Assets		Significant Other Observable Inputs		Significant Other Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Derivative Instruments (Note a)	$	9,786	$	—	$	9,786	$	—
Loans held for sale (Note a)		360		—		—		360
U.S. Treasury bills and notes (Note c)		133,997		133,997		—		—
Total	$	144,143	$	133,997	$	9,786	$	360
Liabilities
Derivative Instruments (Note b)	$	273,570	$	—	$	273,570	$	—
Total	$	273,570	$	—	$	273,570	$	—

(a) Included in “Prepaid expenses and other current assets” and “Other assets” in the consolidated balance sheets.

(b) Included in “Accrued expenses and other current liabilities” and “Other liabilities” in the consolidated balance sheets.

(c) Included in either “Cash and cash equivalents” or “Short term investment,” depending on the maturity profile, in the consolidated balance sheets.

The following table sets forth the reconciliation of loans held for sale which have been measured at fair value using significant unobservable inputs:

	Three months ended June 30,					Six months ended June 30,
	2011		2012			2011			2012
Opening balance, net	$	529	$	448		$	530		$	469
Impact of fair value included in earnings		—		(88	)		—			(108	)
Settlements		—		—			(1	)		(1	)
Closing balance, net	$	529	$	360		$	529		$	360

The Company values the derivative instruments based on market observable inputs including both forward and spot prices for currencies. The quotes are taken from an independent market database. Loans held for sale are valued using collateral values based on inputs from a single source when the Company is not able to corroborate the inputs and assumptions with other relevant market information.

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Derivative financial instruments

6 Months Ended

Jun. 30, 2012

Derivative financial instruments

7. Derivative financial instruments

The Company is exposed to the risk of rate fluctuations on foreign currency assets and liabilities, and foreign currency denominated forecasted cash flows. The Company has established risk management policies, including the use of derivative financial instruments to hedge foreign currency assets and liabilities, and foreign currency denominated forecasted cash flows. These derivative financial instruments are largely deliverable and non-deliverable forward foreign exchange contracts. The Company enters into these contracts with counterparties which are banks or other financial institutions and considers the risks of non-performance by the counterparties as not material. The forward foreign exchange contracts mature between zero and fifty four months and the forecasted transactions are expected to occur during the same period.

The following table presents the aggregate notional principal amounts of the outstanding derivative financial instruments together with the related balance sheet exposure:

	Notional principal amounts  (Note a)				Balance sheet exposure asset (liability) (Note b)
	As of December 31, 2011		As of June 30, 2012		As of December 31, 2011			As of June 30, 2012
Foreign exchange forward contracts denominated in:
United States Dollars (sell) Indian Rupees (buy)	$	1,856,100	$	1,815,000	$	(210,297	)	$	(264,335	)
United States Dollars (sell) Mexican Peso (buy)		7,200		15,600		(461	)		(339	)
United States Dollars (sell) Philippines Peso (buy)		36,900		50,100		872			1,952
Euro (sell) United States Dollars (buy)		77,836		89,723		2,821			4,866
Euro (sell) Hungarian Forints (buy)		9,950		11,027		(953	)		(16	)
Euro (sell) Romanian Leu (buy)		60,361		67,746		416			(1,396	)
Japanese Yen (sell) Chinese Renminbi (buy)		52,434		46,546		(5,381	)		(3,046	)
Pound Sterling (sell) United States Dollars (buy)		93,996		114,979		2,588			1,105
Australian Dollars (sell) United States Dollars (buy)		68,637		80,335		(2,356	)		(2,575	)
					$	(212,751	)	$	(263,784	)

(a) Notional amounts are key elements of derivative financial instrument agreements, but do not represent the amount exchanged by counterparties and do not measure the Company’s exposure to credit or market risks. The amounts exchanged are based on the notional amounts and other provisions of the underlying derivative financial instruments agreements.

(b) Balance sheet exposure is denominated in U.S. Dollars and denotes the mark-to-market impact of the derivative financial instruments on the reporting date.

FASB guidance on Derivatives and Hedging requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the statement of financial position. In accordance with the FASB guidance on Derivatives and Hedging, the Company designates foreign exchange forward contracts as cash flow hedges for forecasted revenues and the purchase of services. In addition to this program the Company has derivative instruments not designated as hedges under the FASB guidance, which it uses to hedge the foreign exchange risks related to balance sheet items such as receivables and inter-company borrowings denominated in currencies other than the underlying functional currency.

The fair value of the derivative instruments and their location in the financial statements of the Company are summarized in the table below:

	Cash flow				Non-designated
	As of December 31, 2011		As of June 30, 2012		As of December 31, 2011		As of June 30, 2012
Assets
Prepaid expenses and other current assets	$	4,545	$	5,239	$	782	$	1,908
Other assets	$	3,550	$	2,639	$	—	$	—
Liabilities
Accrued expenses and other current liabilities	$	56,377	$	83,133	$	10,527	$	10,129
Other liabilities	$	154,724	$	180,308	$	—	$	—

Cash flow hedges

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain (loss) on the derivative instrument is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction is recognized in the consolidated statements of income. Gains (losses) on the derivatives representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in earnings as incurred.

In connection with cash flow hedges, the gains (losses) recorded as a component of other comprehensive income (loss) or OCI and the related tax effects are summarized below:

	Three months ended June 30, 2011									Three months ended June 30, 2012									Six months ended June 30, 2011									Six months ended June 30, 2012
	Before- Tax amount			Tax (Expense) or Benefit			Net of tax Amount			Before-Tax amount			Tax (Expense) or Benefit			Net of tax Amount			Before-Tax amount			Tax (Expense) or Benefit			Net of tax Amount			Before-Tax amount			Tax (Expense) or Benefit			Net of tax Amount
Opening balance		(1,390	)		(1,452	)		62			(135,486	)		(48,132	)		(87,354	)		(27,482	)		(9,247	)		(18,235	)		(203,006	)		(71,125	)		(131,881	)
Net gains (losses) reclassified into statement of income on completion of hedged transactions		(9,312	)		(3,461	)		(5,851	)		(6,959	)		(2,379	)		(4,580	)		(25,344	)		(9,157	)		(16,187	)		(6,840	)		(2,253	)		(4,587	)
Changes in fair value of effective portion of outstanding derivatives, net		21,240			7,787			13,453			(127,035	)		(44,687	)		(82,348	)		31,300			9,886			21,414			(59,396	)		(21,568	)		(37,828	)
Unrealised gain (loss) on cash flow hedging derivatives, net		30,552			11,248			19,304			(120,076	)		(42,308	)		(77,768	)		56,644			19,043			37,601			(52,556	)		(19,315	)		(33,241	)
Closing balance as of June 30		29,162			9,796			19,366			(255,562	)		(90,440	)		(165,122	)		29,162			9,796			19,366			(255,562	)		(90,440	)		(165,122	)

The gains / losses recognized in other comprehensive income (loss), and their effect on financial performance are summarized below:

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) recognized in OCI on Derivatives (Effective Portion)					Location of Gain (Loss) reclassified from OCI into Statement of Income (Effective Portion)	Amount of Gain (Loss) reclassified from OCI into Statement of Income (Effective Portion)												Location of Gain (Loss) recognized in Income on Derivatives (Ineffective Portion and Amount excluded from Effectiveness Testing)	Amount of Gain (Loss) recognized in income on Derivative (Ineffective Portion and Amount excluded from Effectiveness Testing)
	Six months ended June 30,						Three months ended June 30,						Six months ended June 30,							Three months ended June 30,				Six months ended June 30,
	2011		2012				2011			2012			2011			2012				2011		2012		2011		2012
Forward foreign exchange contracts	$	31,300	$	(59,396	)	Revenue	$	(2,785	)	$	(1,156	)	$	(4,237	)	$	(2,442	)	Foreign exchange(gains) losses, net	$	—	$	—	$	—	$	—
						Cost of revenue		(5,154	)		(4,518	)		(17,456	)		(3,411	)
						Selling, general and administrative expenses		(1,373	)		(1,286	)		(3,651	)		(987	)
	$	31,300	$	(59,396	)		$	(9,312	)	$	(6,960	)	$	(25,344	)	$	(6,840	)		$	—	$	—	$	—	$	—

Non designated Hedges

		Amount of (Gain) Loss recognized in Income on Derivatives
	Location of (Gain) Loss recognized in Income on Derivatives	Three months ended June 30,						Six months ended June 30,
Derivatives not designated as hedging instruments		2011			2012			2011			2012
Forward foreign exchange contracts (Note a)	Foreign exchange (gains) losses, net	$	(390	)	$	(10,566	)		(2	)		(1,587	)
		$	(390	)	$	(10,566	)	$	(2	)	$	(1,587	)

(a) These forward foreign exchange contracts were entered into to hedge the fluctuations in foreign exchange rates for recognized balance sheet items such as receivables and inter-company borrowings, and were not originally designated as hedges under FASB guidance on Derivatives and Hedging. Realized (gains) losses and changes in the fair value of these derivatives are recorded in foreign exchange (gains) losses, net in the consolidated statements of income.

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Goodwill and intangible assets

6 Months Ended

Jun. 30, 2012

Goodwill and intangible assets

9. Goodwill and intangible assets

The following table presents the changes in goodwill for the year ended December 31, 2011 and six months ended June 30, 2012:

	As of December 31, 2011			As of June 30, 2012
Opening balance	$	570,153		$	925,339
Goodwill relating to acquisition consummated during the period		414,158			25,442
Adjustment to preliminary purchase accounting for Headstrong		—			(3,213	)
Effect of exchange rate fluctuations		(58,972	)		(25,408	)
Closing balance	$	925,339		$	922,160

The total amount of goodwill deductible for tax purposes is $7,562 and $7,120 as of December 31, 2011 and June 30, 2012, respectively.

The Company’s intangible assets acquired either individually or with a group of other assets or in a business combination are as follows:

	As of December 31, 2011						As of June 30, 2012
	Gross  carrying amount		Accumulated amortization		Net		Gross  carrying amount		Accumulated amortization		Net
Customer-related intangible assets	$	275,859	$	189,872	$	85,987	$	279,331	$	191,015	$	88,316
Marketing-related intangible assets		40,552		16,312		24,240		40,096		17,081		23,015
Contract-related intangible assets		1,219		1,219		—		1,130		1,130		—
Other intangible assets		3,541		480		3,061		3,542		581		2,961
	$	321,171	$	207,883	$	113,288	$	324,099	$	209,807	$	114,292

Amortization expenses for intangible assets as disclosed in the consolidated statements of income under amortization of acquired intangible assets for the six months ended June 30, 2011 and 2012 were $8,217 and $11,080, respectively, and for the three months ended June 30, 2011 and 2012 were $5,140 and $5,790, respectively. Intangible assets recorded for the 2004 Reorganization include the incremental value of the minimum volume commitment from GE, entered into contemporaneously with the 2004 Reorganization, over the value of the pre-existing customer relationship with GE. The amortization of this intangible asset for the six months ended June 30, 2011 and 2012 was $83 and $38, respectively, and for the three months ended June 30, 2011 and 2012 was $41 and $18, respectively, and has been reported as a reduction of revenue. As of June 30, 2012, the unamortized value of the intangible asset was $40, which will be amortized in future periods and reported as a reduction of revenue.

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Aggregate Notional Principal Amounts of Outstanding Derivative Financial Instruments Together with Related Balance Sheet Exposure (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Derivative [Line Items]
Derivative financial instrument, balance sheet exposure asset (liability)	$ (263,784)	[1]	$ (212,751)	[1]
United States Dollars (sell) Indian Rupees (buy)
Derivative [Line Items]
Derivative instrument notional Principal amount	1,815,000	[2]	1,856,100	[2]
Derivative financial instrument, balance sheet exposure asset (liability)	(264,335)	[1]	(210,297)	[1]
United States Dollars (sell) Mexican Peso (buy)
Derivative [Line Items]
Derivative instrument notional Principal amount	15,600	[2]	7,200	[2]
Derivative financial instrument, balance sheet exposure asset (liability)	(339)	[1]	(461)	[1]
United States Dollars (sell) Philippines Peso (buy)
Derivative [Line Items]
Derivative instrument notional Principal amount	50,100	[2]	36,900	[2]
Derivative financial instrument, balance sheet exposure asset (liability)	1,952	[1]	872	[1]
Euro (sell) United States Dollars (buy)
Derivative [Line Items]
Derivative instrument notional Principal amount	89,723	[2]	77,836	[2]
Derivative financial instrument, balance sheet exposure asset (liability)	4,866	[1]	2,821	[1]
Euro (sell) Hungarian Forints (buy)
Derivative [Line Items]
Derivative instrument notional Principal amount	11,027	[2]	9,950	[2]
Derivative financial instrument, balance sheet exposure asset (liability)	(16)	[1]	(953)	[1]
Euro (Sell) Romanian Leu (Buy)
Derivative [Line Items]
Derivative instrument notional Principal amount	67,746	[2]	60,361	[2]
Derivative financial instrument, balance sheet exposure asset (liability)	(1,396)	[1]	416	[1]
Japanese Yen (sell) Chinese Renminbi (buy)
Derivative [Line Items]
Derivative instrument notional Principal amount	46,546	[2]	52,434	[2]
Derivative financial instrument, balance sheet exposure asset (liability)	(3,046)	[1]	(5,381)	[1]
Pound Sterling (sell) United States Dollars (buy)
Derivative [Line Items]
Derivative instrument notional Principal amount	114,979	[2]	93,996	[2]
Derivative financial instrument, balance sheet exposure asset (liability)	1,105	[1]	2,588	[1]
Australian Dollars (sell) United States Dollars (buy)
Derivative [Line Items]
Derivative instrument notional Principal amount	80,335	[2]	68,637	[2]
Derivative financial instrument, balance sheet exposure asset (liability)	$ (2,575)	[1]	$ (2,356)	[1]

[1] Balance sheet exposure is denominated in U.S. Dollars and denotes the mark-to-market impact of the derivative financial instruments on the reporting date.

[2] Notional amounts are key elements of derivative financial instrument agreements, but do not represent the amount exchanged by counterparties and do not measure the Company's exposure to credit or market risks. The amounts exchanged are based on the notional amounts and other provisions of the underlying derivative financial instruments agreements.

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Long-Term Debt - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended		6 Months Ended
	Jun. 30, 2012	May 31, 2011	Jun. 30, 2012 Term-Loan Credit Facility	Jun. 30, 2012 Revolving Credit Facility	Jun. 30, 2011 Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity		$ 380,000
Fund based and non-fund-based long term revolving credit facility, maximum limit			120,000
Fund based and non-fund-based short term revolving credit facility, maximum limit				260,000
Incremental limit of credit facility	100,000
Term loan amounts outstanding	88,473
Debt amortization expense	1,527
Rate of interest on credit facility	2.11585%			1.89525%	1.8965%
Credit facility repayment term, years			4 years
Amount of semi-annual repayment of long-term loan			$ 15,000
Credit facility, frequency of payments	semi-annual

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Cash Flow Hedges, Gains (Losses) Recorded as Component of Accumulated Other Comprehensive Income (Loss) or Other Comprehensive Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Accumulated Other Comprehensive Income (Loss) [Line Items]
Opening balance, Before-Tax amount	$ (135,486)	$ (1,390)	$ (203,006)	$ (27,482)
Net gains (losses) reclassified into statement of income on completion of hedged transactions, Before-Tax amount	(6,959)	(9,312)	(6,840)	(25,344)
Changes in fair value of effective portion of outstanding derivatives, net, Before-Tax amount	(127,035)	21,240	(59,396)	31,300
Unrealized gain (loss) on cash flow hedging derivatives, net, Before-Tax amount	(120,076)	30,552	(52,556)	56,644
Closing balance, Before-Tax amount	(255,562)	29,162	(255,562)	29,162
Opening balance, Tax (Expense) or Benefit	(48,132)	(1,452)	(71,125)	(9,247)
Net gains (losses) reclassified into statement of income on completion of hedged transactions, Tax (Expense) or Benefit	(2,379)	(3,461)	(2,253)	(9,157)
Changes in fair value of effective portion of outstanding derivatives, net, Tax (Expense) or Benefit	(44,687)	7,787	(21,568)	9,886
Unrealized gain (loss) on cash flow hedging derivatives, net, Tax (Expense) or Benefit	(42,308)	11,248	(19,315)	19,043
Closing balance, Tax (Expense) or Benefit	(90,440)	9,796	(90,440)	9,796
Opening balance, Net of tax Amount	(87,354)	62	(131,881)	(18,235)
Net gains (losses) reclassified into statement of income on completion of hedged transactions, Net of tax Amount	(4,580)	(5,851)	(4,587)	(16,187)
Changes in fair value of effective portion of outstanding derivatives, net, Net of tax Amount	(82,348)	13,453	(37,828)	21,414
Unrealized gain (loss) on cash flow hedging derivatives, net, Net of tax Amount	(77,768)	19,304	(33,241)	37,601
Closing balance, Net of tax Amount	$ (165,122)	$ 19,366	$ (165,122)	$ 19,366

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Derivative financial instruments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2012
Derivative [Line Items]
Forward foreign exchange contracts, minimum maturity period	0 months
Forward foreign exchange contracts, maximum maturity period	54 months

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Activities Related to Unrecognized Tax Benefits for Uncertain Tax Positions (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
Schedule of Unrecognized Tax Benefits [Line Items]
Unrecognized tax benefits, opening balance	$ 23,712
Decrease related to prior year tax positions	(65)
Increase related to prior year tax positions ,including recorded against goodwill	200
Decrease related to settlement with tax authorities	(2,492)
Effect of exchange rate changes	(1,022)
Unrecognized tax benefits, closing balance as on June 30, 2012	$ 20,333

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value of Assets and Liabilities Measured on Recurring Basis, Including Derivative Instruments, and Loans Held for Sale

The Company measures certain financial assets and liabilities at fair value on a recurring basis, including derivative instruments, and loans held for sale. The fair value measurements of these derivative instruments and loans held for sale were determined using the following inputs as of December 31, 2011 and June 30, 2012:

	As of December 31, 2011
	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Other  Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Derivative Instruments (Note a)	$	8,877	$	—	$	8,877	$	—
Loans held for sale (Note a)		469		—		—		469
Total	$	9,346	$	—	$	8,877	$	469
Liabilities
Derivative Instruments (Note b)	$	221,628	$	—	$	221,628	$	—
Total	$	221,628	$	—	$	221,628	$	—

	As of June 30, 2012
	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical  Assets		Significant Other Observable Inputs		Significant Other Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Derivative Instruments (Note a)	$	9,786	$	—	$	9,786	$	—
Loans held for sale (Note a)		360		—		—		360
U.S. Treasury bills and notes (Note c)		133,997		133,997		—		—
Total	$	144,143	$	133,997	$	9,786	$	360
Liabilities
Derivative Instruments (Note b)	$	273,570	$	—	$	273,570	$	—
Total	$	273,570	$	—	$	273,570	$	—

(a) Included in “Prepaid expenses and other current assets” and “Other assets” in the consolidated balance sheets.

(b) Included in “Accrued expenses and other current liabilities” and “Other liabilities” in the consolidated balance sheets.

(c) Included in either “Cash and cash equivalents” or “Short term investment,” depending on the maturity profile, in the consolidated balance sheets.

Reconciliation Of Loans Held For Sale Measured At Fair Value Using Significant Unobservable Inputs

The following table sets forth the reconciliation of loans held for sale which have been measured at fair value using significant unobservable inputs:

	Three months ended June 30,					Six months ended June 30,
	2011		2012			2011			2012
Opening balance, net	$	529	$	448		$	530		$	469
Impact of fair value included in earnings		—		(88	)		—			(108	)
Settlements		—		—			(1	)		(1	)
Closing balance, net	$	529	$	360		$	529		$	360

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Business Acquisition Purchase Consideration (Detail) (Headstrong Corporation, USD $) In Thousands, unless otherwise specified	May 03, 2011
Headstrong Corporation
Business Acquisition, Contingent Consideration [Line Items]
Enterprise value	$ 550,000
Net working capital adjustment	8,363
Cash and cash equivalents	25,845
Funded Indebtedness
Seller expenses liability	(19,205)
Total	$ 565,003

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Long-term debt

6 Months Ended

Jun. 30, 2012

Long-term debt

14. Long-term debt

In May 2011, the Company obtained credit facilities aggregating $380,000 from a consortium of financial institutions to finance in part the acquisition of Headstrong and for general corporate purposes of the Company and its subsidiaries, including working capital requirements. The credit agreement provides for a $120,000 term loan and a $260,000 revolving credit facility. The Company has an option to increase the commitment under the credit agreement by up to an additional $100,000 subject to certain approvals and conditions as set forth in the credit agreement.

The outstanding term loan net of debt amortization expense of $1,527, which bears interest of 2.11585% LIBOR plus a margin (depending on the Company’s leverage), was $88,473 as of June 30, 2012. Indebtedness under the term loan agreement is secured by certain assets, and the agreement contains certain covenants including a restriction on further indebtedness of the Company. The amount outstanding as of June 30, 2012 will be repaid over four years through semi-annual repayments of $15,000, which commenced six months from the initial drawdown of May 3, 2011.

The maturity profile of the term loan, net of debt amortization expense, is as follows:

Year	Amount
Six months ending December 31, 2012	$	14,542
2013		29,334
2014		29,651
2015		14,946
	$	88,473

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Income taxes

6 Months Ended

Jun. 30, 2012

Income taxes

19. Income taxes

As of December 31, 2011, the Company had unrecognized tax benefits amounting to $23,712, including an amount of $23,551 that, if recognized, would impact the effective tax rate.

The following table summarizes the activities related to our unrecognized tax benefits for uncertain tax positions from January 1, 2012 to June 30, 2012:

Opening balance as on January 1, 2012	$	23,712
Decrease related to prior year tax positions		(65	)
Increase related to prior year tax positions, including recorded against goodwill		200
Decrease related to settlement with tax authorities		(2,492	)
Effect of exchange rate changes		(1,022	)
Closing balance as on June 30, 2012	$	20,333

The unrecognized tax benefits as of June 30, 2012 include an amount of $20,187 that, if recognized, would impact the effective tax rate. As of December 31, 2011 and June 30, 2012, the Company has accrued approximately $2,536 and $2,442, respectively, in interest relating to unrecognized tax benefits.

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Subsequent events - Additional Information (Detail) (USD $)		1 Months Ended
	Jul. 09, 2012 Acquisition of Triumph Engineering Corporation	Aug. 01, 2012 Subsequent Event	Aug. 01, 2012 Issuance of Equity
Subsequent Event [Line Items]
Enterprise value	$ 3,600,000
Dividend per common share		$ 2.24
Cash dividend declared		500,000,000
Sale of common shares			67,750,678
Sale of common shares, per share amount			$ 14.76
Sale of common shares, value			$ 1,000,000

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Summary of Significant Accounting Policies - Additional Information (Detail) (General Electric Company)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
General Electric Company
Financial Instruments [Line Items]
Percentage of accounts receivables	33.00%		33.00%		36.00%
Percentage of revenues	27.00%	31.00%	27.00%	32.00%

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Long-term debt (Tables)

6 Months Ended

Jun. 30, 2012

Maturity Profile of Term Loan Net of Debt Amortization Expense

The maturity profile of the term loan, net of debt amortization expense, is as follows:

Year	Amount
Six months ending December 31, 2012	$	14,542
2013		29,334
2014		29,651
2015		14,946
	$	88,473

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Consolidated Statements of Comprehensive Income (Loss) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Net Income	$ 62,799	$ 40,729	$ 103,055	$ 78,643
Other comprehensive income:
Net unrealized income (loss) on cash flow hedging derivatives, net of taxes	(77,768)	19,304	(33,241)	37,601
Other comprehensive income (loss)			(98,804)	58,860
Genpact Limited Shareholders
Net Income	61,100	39,009	99,640	75,129
Other comprehensive income:
Currency translation adjustments	(108,619)	13,463	(65,464)	21,055
Net unrealized income (loss) on cash flow hedging derivatives, net of taxes	(77,768)	19,304	(33,241)	37,601
Net unrealized gain (loss) on investment in U.S. Treasury bills		(15)		(11)
Other comprehensive income (loss)	(186,387)	32,752	(98,705)	58,645
Comprehensive income (loss)	(125,287)	71,761	935	133,774
Noncontrolling Interest
Net Income	1,699	1,720	3,415	3,514
Other comprehensive income:
Currency translation adjustments	(136)	121	(99)	215
Other comprehensive income (loss)	(136)	121	(99)	215
Comprehensive income (loss)	$ 1,563	$ 1,841	$ 3,316	$ 3,729

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Selling General and Administrative Expenses (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Component of Operating Other Cost and Expense [Line Items]
Selling, general and administrative expenses	$ 114,253	$ 86,724	$ 219,258	$ 154,165
Personnel Expenses
Component of Operating Other Cost and Expense [Line Items]
Selling, general and administrative expenses	79,556	59,438	150,496	106,958
Operational Expenses
Component of Operating Other Cost and Expense [Line Items]
Selling, general and administrative expenses	32,475	25,276	64,402	43,418
Depreciation And Amortization
Component of Operating Other Cost and Expense [Line Items]
Selling, general and administrative expenses	$ 2,222	$ 2,010	$ 4,360	$ 3,789

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Business acquisitions

6 Months Ended

Jun. 30, 2012

Business acquisitions

3. Business acquisitions

(a) Headstrong Corporation

On May 3, 2011, the Company acquired 100% of the outstanding common shares of Headstrong Corporation, a Delaware corporation (“Headstrong”) for $550,000 in cash subject to adjustment based on closing date net working capital, funded indebtedness, seller expenses and amount of cash and cash equivalents. During the six months ended June 30, 2012, the purchase consideration for the acquisition has been adjusted for closing working capital and final settlement of seller expenses. As part of acquisition, the total amount paid by the Company, net of $25,845 of cash acquired, is $558,363 (including $19,205 of seller expenses). There are no contingent consideration arrangements in connection with the acquisition. Pursuant to the terms of the acquisition agreement and final settlement with the sellers, the purchase consideration comprised the following:

Enterprise value	$	550,000
Net working capital adjustment		8,363
Cash and cash equivalents		25,845
Funded Indebtedness		—
Seller expenses liability		(19,205	)
Total purchase price	$	565,003

As part of the acquisition, the total amount paid by the Company, net of $25,845 of cash acquired, is $558,363 (including $19,205 of seller expenses).

Headstrong is a global provider of comprehensive consulting and IT services with a specialized focus in capital markets and healthcare. With this acquisition, the Company acquired critical domain and technology expertise in the capital markets industry vertical.

The acquisition has been accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations. The assets and liabilities of Headstrong were recorded at fair value at the date of acquisition. During the current period the Company has adjusted the fair value of assets and liabilities recorded as of the date of acquisition with a corresponding adjustment to goodwill for measurement period adjustments. The following table summarizes the final allocation of the purchase price based on the fair value of the assets acquired and the liabilities assumed as a result of the Headstrong acquisition:

Cash consideration	$	565,003
Acquisition related costs included in selling, general and administrative expenses		5,616
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	25,845
Current assets		62,121
Tangible fixed assets		14,634
Intangible assets		91,020
Deferred tax assets, net		21,748
Other non-current assets		11,968
Current liabilities		(42,815	)
Long term liabilities		(6,274	)
Total identifiable net assets acquired	$	178,247
Goodwill		386,756
Total	$	565,003

The fair value of the current assets acquired includes trade receivables with a fair value of $56,257. The gross amount due is $56,497, of which $240 is expected to be uncollectable.

The following table summarizes the final amounts recognized for assets acquired and liabilities assumed as of the acquisition date, as well as adjustments made during the measurement period to the amounts initially recorded (measurement period adjustments). The measurement period adjustments did not have a significant impact on our consolidated statements of income, balance sheets or cash flows in any period and, thus, were recorded in the consolidated balance sheet as of June 30, 2012.

	Amounts recognized as of Acquisition Date(Provisional)		Measurement Period Adjustments			Amounts recognized as of Acquisition Date(Final)
Cash and Cash equivalents		25,845		—			25,845
Net assets acquired, other than cash and cash equivalents		149,281		3,121			152,402
Goodwill		389,969		(3,213	)		386,756
Total purchase price	$	565,095	$	(92	)	$	565,003

Goodwill represents the excess of the purchase price over the fair value of the net assets (including deferred taxes) acquired and is not deductible for tax purposes. The acquisition of Headstrong resulted in the addition of a new reporting unit to the Company and accordingly the acquisition related goodwill has been allocated to such new reporting unit. The amortizable intangible assets are being amortized over their estimated useful lives using a method of amortization that reflects the pattern in which the economic benefits of the intangible assets are consumed or otherwise realized. The fair value and estimated useful lives of the intangibles are as follows:

	Fair value		Estimated useful life
Customer related intangibles	$	68,450		2 to 11 years
Marketing related intangibles		21,820		10 years
Other intangibles		750		7 years

The weighted average amortization period in respect of the acquired intangible assets is 10 years.

(b) Accounting Plaza B.V

On April 25, 2012, the Company acquired 100% of the outstanding shares of Accounting Plaza B.V., a private limited liability company incorporated under the laws of the Netherlands (“Accounting Plaza”), for cash consideration of $38,698 subject to adjustments based on transfer of pension funds, underfunding in pension funds, sellers warranty breaches including certain other transactions and transaction costs. As of June 30, 2012, the purchase consideration for the acquisition is pending finalization of the aforesaid adjustments. There are no contingent consideration arrangements in connection with the acquisition.

As per the terms of the acquisition agreement with sellers, the preliminary estimated purchase consideration as of June 30, 2012 comprised the following:

Initial consideration	$	38,698
Estimated adjustment for transfer of pension funds		—
Estimated adjustment for underfunding in pension funds		—
Estimated adjustment for sellers warranty breaches and certain other transactions		—
Estimated adjustment for transaction costs		(107	)
Preliminary estimated purchase consideration	$	38,591

Accounting Plaza is a provider of finance and accounting, human resources and PeopleSoft ERP services. This acquisition strengthens the Company’s domain expertise in the retail industry and significantly expands its presence in Europe.

The acquisition has been accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations. The assets and liabilities of Accounting Plaza were recorded at fair value as of the date of acquisition. The Company will continue to evaluate certain assets and liabilities as new information is obtained about facts and circumstances that existed as of the acquisition date and, if known, would have resulted in the recognition of those assets and liabilities as of that date. Changes to the assets and liabilities recorded may result in a corresponding adjustment to goodwill, and the measurement period will not exceed one year from the acquisition date. The following table summarizes the preliminary allocation of the preliminary estimated purchase consideration based on the fair value of the assets acquired and the liabilities assumed as of the date of acquisition:

Preliminary estimated purchase consideration	$	38,591
Acquisition related costs included in selling, general and administrative expenses		434
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	1,664
Current assets		11,327
Tangible fixed assets		2,010
Intangible assets		13,138
Deferred tax asset/ (liability), net		(2,711	)
Other non-current assets		971
Current liabilities		(9,062	)
Other liabilities		(4,188	)
Total identifiable net assets acquired	$	13,149
Goodwill		25,442
Total	$	38,591

The preliminary estimated fair value of the current assets acquired includes trade receivables with an estimated fair value of $9,744. The gross amount due is $9,917, of which $173 is expected to be uncollectable.

Goodwill representing the excess of the preliminary estimated purchase price over the fair value of the net assets (including deferred taxes) acquired is not deductible for tax purposes and has been allocated to the Europe reporting unit.

The amortizable intangible assets acquired are being amortized over their estimated useful lives using a method of amortization that reflects the pattern in which the economic benefits of the intangible assets are consumed or otherwise realized. The preliminary estimated value and estimated useful lives of the intangibles are follows:

	Preliminary Estimated value		Estimated useful life
Customer related intangibles	$	13,138		3 – 10 years

The weighted average amortization period in respect of the acquired intangible assets is 7 years.

(c) Atyati Technologies Private Limited

On May 14, 2012, the Company entered into a definitive agreement to acquire Atyati Technologies Private Limited, a private limited company incorporated in India (“Atyati”) for a cash consideration of $17,578 subject to adjustment for closing date cash and net working capital balances. Atyati is a cloud-hosted technology platform provider for the rural banking sector in India. As of June 30, 2012, the acquisition of Atyati has not been consummated due to the non-fulfillment of certain closing conditions specified in the acquisition agreement.

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Cash and Cash Equivalents (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011	Jun. 30, 2011	Dec. 31, 2010
Cash and Cash Equivalents [Line Items]
Deposits with banks	$ 147,971	$ 267,467
U.S. Treasury bills	133,997
Other cash and bank balances	154,342	140,553
Cash and cash equivalents	$ 436,310	$ 408,020	$ 336,402	$ 404,034

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Earnings Per Share - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of stock options outstanding but not included in the computation of diluted earnings per common share	6,246,826	6,894,891	6,407,134	7,337,228

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Property, Plant and Equipment, Net - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Property, Plant and Equipment [Line Items]
Depreciation and amortization			$ 28,145	$ 29,005
Effect Of Reclassification Of Foreign Exchange (Gains) Losses
Property, Plant and Equipment [Line Items]
Depreciation and amortization	312	379	235	1,341
Depreciation Expense On Property, Plant And Equipment
Property, Plant and Equipment [Line Items]
Depreciation and amortization	11,316	12,066	22,422	23,839
Computer Software Amortization
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 2,987	$ 3,315	$ 5,958	$ 6,507

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Related party transactions

6 Months Ended

Jun. 30, 2012

Related party transactions

20. Related party transactions

The Company has entered into related party transactions with GE and companies in which GE has a majority ownership interest or on which it exercises significant influence (collectively referred to as “GE” herein). During the current period, GE owned less than 5.0% of the outstanding shares and is no longer considered a related party. The Company has also entered into related party transactions with its non-consolidating affiliates, a customer in which one of the Company’s directors has a controlling interest and a customer which has a significant interest in the Company.

The related party transactions can be categorized as follows:

Revenue from services

Prior to December 31, 2004, substantially all of the revenues of the Company were derived from services provided to GE entities. In connection with the 2004 Reorganization, GE entered into a Master Service Agreement, or MSA, with the Company. The GE MSA, as amended, provides that GE will purchase services in an amount not less than a minimum volume commitment, or MVC, of $360,000 per year for seven years beginning January 1, 2005, $270,000 in 2012, $180,000 in 2013 and $90,000 in 2014. Revenues in excess of the MVC can be credited, subject to certain limitations, against shortfalls in the subsequent years.

On January 26, 2010, the Company extended its MSA, with GE by two years, through the end of 2016, including the minimum annual volume commitment of $360,000. The MSA also provides that the minimum annual volume commitment for each of the years 2014, 2015 and 2016 is $250,000, $150,000 and $90,000, respectively.

On December 21, 2011, the Company entered into an amendment to the MSA with GE, as amended. The amendment extends certain statements of work under the MSA for business existing prior to 2005 until December 31, 2015. The amendment includes specific productivity guarantees and price reductions by Genpact. The amendment also revises payment terms and termination provisions.

For the six months ended June 30, 2011, the Company recognized net revenues from GE of $235,411 representing 32% of the consolidated total net revenues.

For the three months ended June 30, 2011, the Company recognized net revenues from GE of $122,629 representing 31% of the consolidated total net revenues.

For the six months ended June 30 2011 and 2012, the Company recognized net revenues of $157 and $227, respectively, and for the three months ended 30 June 2011 and 2012, the Company recognized net revenues of $81 and $115, respectively, from a customer in which one of the Company’s directors has a controlling interest.

For the six months ended June 30 2011 and 2012, the Company recognized net revenues of $176 and $90, respectively, and for the three months ended 30 June 2011 and 2012, the Company recognized net revenues of $73 and $47, respectively, from a customer which has a significant interest in the Company.

Cost of revenue from services

The Company purchases certain services from GE mainly relating to communication and leased assets, which are included as part of operational expenses included in cost of revenue. For the six months ended June 30, 2011, cost of revenue, net of recovery, included an amount of $2,067 and for the three months ended June 30, 2011, cost of revenue, net of recovery, included amounts of $756 relating to services procured from GE. Cost of revenue from services also include training and recruitment cost of $357 and $1,084 for the six months ended June 30, 2011 and 2012, respectively, and $124 and $529, for the three months ended June 30, 2011 and 2012, respectively, from its non-consolidating affiliates.

Selling, general and administrative expenses

The Company purchases certain services from GE mainly relating to communication and leased assets, which are included as part of operational expenses included in selling, general and administrative expenses. For the six months ended June 30, 2011, selling, general and administrative expenses, net of recovery, included amounts of $282, and for the three months ended June 30, 2011, selling, general and administrative expenses, net of recovery, included amounts of $100, relating to services procured from GE. For the six months ended June 30, 2011 and 2012, selling, general, and administrative expenses also include training and recruitment cost and cost recovery, net of $4 and $210, respectively, and for the three months ended June 30, 2011 and 2012, selling, general, and administrative expenses also include training and recruitment cost and cost recovery, net of $15 and $102, respectively, from its non-consolidating affiliates.

Other operating (income) expense, net

The Company provides certain shared services such as facility, recruitment, training, and communication to GE. Recovery for such services has been included as other operating income in the consolidated statements of income. For the six months ended June 30, 2011 , income from these services was $(1,100), and for the three months ended June 30, 2011, income from these services was ($587).

Interest expense

The Company incurred an interest expense on finance lease obligations from GE. For the six months ended June 30, 2011, the interest expense relating to such related party debt amounted to $191, and for the three months ended June 30, 2011, interest expense relating to such related party debt amounted to $88.

Investment in equity affiliate

During the six months ended June 30, 2011 and 2012, the Company has made an investment of $0 and $205, respectively, in its non-consolidating affiliates and for the three months ended June 30, 2011 and 2012, the Company has made an investment of $0 and $0, respectively, in its non-consolidating affiliates.

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Amounts Contributed to Defined Contribution Plans in Various Jurisdictions (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Defined Contribution Plans In Various Jurisdictions [Line Items]
Defined contribution plans, contributed amount	$ 8,174	$ 5,853	$ 15,997	$ 12,297
India
Defined Contribution Plans In Various Jurisdictions [Line Items]
Defined contribution plans, contributed amount	3,439	2,749	6,917	6,069
U.S.
Defined Contribution Plans In Various Jurisdictions [Line Items]
Defined contribution plans, contributed amount	739	510	1,766	1,168
U.K.
Defined Contribution Plans In Various Jurisdictions [Line Items]
Defined contribution plans, contributed amount	442	316	750	523
Hungary
Defined Contribution Plans In Various Jurisdictions [Line Items]
Defined contribution plans, contributed amount	7	9	46	22
China
Defined Contribution Plans In Various Jurisdictions [Line Items]
Defined contribution plans, contributed amount	2,958	2,088	5,791	4,261
Mexico
Defined Contribution Plans In Various Jurisdictions [Line Items]
Defined contribution plans, contributed amount	4	7	21	18
South Africa
Defined Contribution Plans In Various Jurisdictions [Line Items]
Defined contribution plans, contributed amount	84	137	164	164
Morocco
Defined Contribution Plans In Various Jurisdictions [Line Items]
Defined contribution plans, contributed amount	59	37	89	72
Hong Kong
Defined Contribution Plans In Various Jurisdictions [Line Items]
Defined contribution plans, contributed amount	9		17
NETHERLANDS
Defined Contribution Plans In Various Jurisdictions [Line Items]
Defined contribution plans, contributed amount	429		429
Philippines
Defined Contribution Plans In Various Jurisdictions [Line Items]
Defined contribution plans, contributed amount	$ 4		$ 7

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Employee benefit plans (Tables)

6 Months Ended

Jun. 30, 2012

Net Defined Benefit Plan Costs

Net defined benefit plan costs for the three months and six months ended June 30, 2011 and 2012 include the following components:

	Three months ended June 30,						Six months ended June 30,
	2011			2012			2011			2012
Service costs	$	860		$	961		$	1,553		$	1,974
Interest costs		378			445			713			915
Amortization of actuarial loss		140			166			277			339
Expected return on plan assets		(160	)		(202	)		(330	)		(412	)
Net Gratuity Plan costs	$	1,218		$	1,370		$	2,213		$	2,816

Amount Contributed to Defined Contribution Plans in Various Jurisdictions

During the three months and six months ended June 30, 2011 and 2012, the Company contributed the following amounts to defined contribution plans in various jurisdictions:

	Three months ended June 30,				Six months ended June 30,
	2011		2012		2011		2012
India	$	2,749	$	3,439	$	6,069	$	6,917
U.S.		510		739		1,168		1,766
U.K.		316		442		523		750
Hungary		9		7		22		46
China		2,088		2,958		4,261		5,791
Mexico		7		4		18		21
South Africa		137		84		164		164
Morocco		37		59		72		89
Hongkong		—		9		—		17
Netherlands		—		429		—		429
Philippines		—		4		—		7
Total	$	5,853	$	8,174	$	12,297	$	15,997

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Short-term borrowings

6 Months Ended

Jun. 30, 2012

Short-term borrowings

13. Short-term borrowings

The Company has the following borrowing facilities:

(a) Fund-based and non-fund based credit facilities with banks which are available for operational requirements in the form of overdrafts, letters of credit, guarantees, and short-term loans. As of June 30, 2011 and 2012, the limits available were $17,417 and $17,212, respectively out of which $3,990 and $3,500 were utilized, representing non funded drawdowns.

(b) Fund-based and non-fund based revolving credit facilities of $260,000 for operational requirements acquired in May 2011 as stated in note 14 below. This was initially used for the acquisition of Headstrong Corporation. As of June 30, 2011 and 2012, a total of $259,000 and $259,299, respectively, was utilized, representing funded drawdowns of $252,000 and $251,000 and non-funded drawdowns of $7,000 and $8,299 respectively. As of June 30, 2011 and 2012, the funded drawdowns bear interest rates of 1.89650% and 1.89525%, respectively, which are determined based on LIBOR plus a margin. Indebtedness under these facilities is secured by certain assets. The agreement governing these facilities contains certain covenants including a restriction on further indebtedness of the Company.