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Shares of Mphasis Ltd. are in focus on Monday, September 22, after the company said the new H-1B visa regulations are not likely to have a significant impact on its financials and operations.
In a stock exchange filing overnight, Mphasis said it has a low H-1B filing volume and a relative portion of its overall employees on the H-1B visa.
US President Donald Trump issued a proclamation making a$100,000 fee deposit mandatory for H-1B visa applicants, with effect from September 21. Prior to this, the applicants had to pay a few thousand dollars in application and processing fees the visa. A
senior US official clarified to CNBC-TV18 that the increased deposit is for new lottery petitions only and does not affect previous H-1B holders.
In the 2025 calendar year, Mphasis said it had just 130 new filings, of which it received 78 new approvals, so far.
The IT company said its focus on AI-led deals has helped it build sufficient system resilience. Over the years, it has been steadily reducing its reliance on visas via increased local hiring, acquisitions and partnerships.
"We are fully staffed for all existing client requirements and will operate in a business-as-usual mode. We will continue to adjust and evolve and are focused on making sure that our AI-led propositions solve any challenges that have arise," it said in the exchange filing.
Shares of Mphasis Ltd. ended the previous session 0.3% lower at ₹2,993 apiece after four consecutive days of gains. The stock has gained 20.5% in the last six months.
Also Read: H-1B Visa Fees News: From Persistent to Coforge, six IT companies share the impact on the business
In a stock exchange filing overnight, Mphasis said it has a low H-1B filing volume and a relative portion of its overall employees on the H-1B visa.
US President Donald Trump issued a proclamation making a$100,000 fee deposit mandatory for H-1B visa applicants, with effect from September 21. Prior to this, the applicants had to pay a few thousand dollars in application and processing fees the visa. A
In the 2025 calendar year, Mphasis said it had just 130 new filings, of which it received 78 new approvals, so far.
The IT company said its focus on AI-led deals has helped it build sufficient system resilience. Over the years, it has been steadily reducing its reliance on visas via increased local hiring, acquisitions and partnerships.
"We are fully staffed for all existing client requirements and will operate in a business-as-usual mode. We will continue to adjust and evolve and are focused on making sure that our AI-led propositions solve any challenges that have arise," it said in the exchange filing.
Shares of Mphasis Ltd. ended the previous session 0.3% lower at ₹2,993 apiece after four consecutive days of gains. The stock has gained 20.5% in the last six months.
Also Read: H-1B Visa Fees News: From Persistent to Coforge, six IT companies share the impact on the business
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