WNS WNS Holdings Limited

CUSIP No. 92932M101 13G/A Page 2 of 15 Pages


--------------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Lone Spruce, L.P.
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [X]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY
--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES -----------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 66,924
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 66,924
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 66,924
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0.2%
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 PN
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 92932M101 13G/A Page 3 of 15 Pages


--------------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Lone Balsam, L.P.
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [X]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY
--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES -----------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 146,859
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 146,859
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 146,859
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0.4%
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 PN
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 92932M101 13G/A Page 4 of 15 Pages


--------------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Lone Sequoia, L.P.
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [X]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY
--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES -----------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 122,692
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 122,692
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 122,692
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0.3%
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 PN
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 92932M101 13G/A Page 5 of 15 Pages


--------------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Lone Pine Associates LLC
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [X]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY
--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES -----------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 336,475
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 336,475
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 336,475
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0.8%
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 OO
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 92932M101 13G/A Page 6 of 15 Pages


--------------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Lone Pine Capital LLC
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [X]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY
--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES -----------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 1,522,491
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 1,522,491
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 1,522,491
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 3.6%
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 IA
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 92932M101 13G/A Page 7 of 15 Pages


--------------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Stephen F. Mandel, Jr.
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [X]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY
--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES -----------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 1,858,966
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 1,858,966
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 1,858,966
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 4.4%
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 IN
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 92932M101 13G/A Page 8 of 15 Pages


Item 1(a). Name of Issuer:

 WNS (HOLDINGS) LIMITED (the "Issuer").

Item 1(b). Address of Issuer's Principal Executive Offices:

 Gate 4, Godrej & Boyce Complex
 Pirojshanagar, Vikhroli(W)
 Mumbai 400 079, India

Item 2(a). Name of Person Filing:

 This statement is filed by:
 (i) Lone Spruce, L.P., a Delaware limited partnership ("Lone
 Spruce"), with respect to the Ordinary Shares (defined in Item
 2(d) below) directly owned by it;
 (ii) Lone Balsam, L.P., a Delaware limited partnership ("Lone
 Balsam"), with respect to the Ordinary Shares directly owned by
 it;
 (iii) Lone Sequoia, L.P., a Delaware limited partnership ("Lone
 Sequoia"), with respect to the Ordinary Shares directly owned by
 it;
 (iv) Lone Pine Associates LLC, a Delaware limited liability company
 ("Lone Pine"), with respect to the Ordinary Shares directly owned
 by Lone Spruce, Lone Balsam and Lone Sequoia;
 (v) Lone Pine Capital LLC, a Delaware limited liability company
 ("Lone Pine Capital"), which serves as investment manager to Lone
 Cypress, Ltd. ("Lone Cypress") a Cayman Islands exempted company,
 with respect to the Ordinary Shares directly owned Lone Cypress;
 (vi) Stephen F. Mandel, Jr. ("Mr. Mandel"), with respect to the
 Ordinary Shares directly owned by each of Lone Spruce, Lone
 Balsam, Lone Sequoia and Lone Cypress.

 The foregoing persons are hereinafter sometimes collectively
 referred to as the "Reporting Persons". Any

CUSIP No. 92932M101 13G/A Page 9 of 15 Pages


 disclosures herein with respect to persons other than the Reporting
 Persons are made on information and belief after making inquiry to the
 appropriate party.

Item 2(b). Address of Principal Business Office or, if None, Residence:

 The address of the business office of each of the Reporting Persons is Two
Greenwich Plaza, Greenwich, Connecticut 06830.

Item 2(c). Citizenship:

 Lone Spruce, Lone Balsam, and Lone Sequoia are limited partnerships
organized under the laws of the State of Delaware. Lone Pine Associates and Lone
Pine Capital are limited liability companies organized under the laws of the
State of Delaware. Mr. Mandel is a United States citizen.

Item 2(d). Title of Class of Securities:

 Ordinary Shares, Par Value 10 pence per share (the "Ordinary Shares")

Item 2(e). CUSIP Number:

 92932M101

CUSIP No. 92932M101 13G/A Page 10 of 15 Pages


Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b)
or (c), check whether the person filing is a:

 (a) [ ] Broker or dealer registered under Section 15 of the Act,

 (b) [ ] Bank as defined in Section 3(a)(6) of the Act,

 (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,

 (d) [ ] Investment Company registered under Section 8 of the
 Investment Company Act of 1940,

 (e) [ ] Investment Adviser in accordance with
 Rule 13d-1(b)(1)(ii)(E),

 (f) [ ] Employee Benefit Plan or Endowment Fund in accordance
 with Rule 13d-1(b)(1)(ii)(F),

 (g) [ ] Parent Holding Company or control person in accordance
 with Rule 13d-1(b)(1)(ii)(G),

 (h) [ ] Savings Association as defined in Section 3(b) of the
 Federal Deposit Insurance Act,

 (i) [ ] Church Plan that is excluded from the definition of an
 investment company under Section 3(c)(14) of the Investment
 Company Act of 1940,

 (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

If this statement is filed pursuant to Rule 13d-1(c), check the box. [X]

Item 4. Ownership.

 A. Lone Spruce, L.P.
 (a) Amount beneficially owned: 66,924
 (b) Percent of class: 0.2% The percentages used herein and in the
rest of Item 4 are calculated based upon the 41,842,879 shares of Ordinary
Shares issued and outstanding as of March 31, 2007, as reported in the Company's
Form 20-F filed on June 26, 2007.
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 66,924
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 66,924

CUSIP No. 92932M101 13G/A Page 11 of 15 Pages

 B. Lone Balsam, L.P.
 (a) Amount beneficially owned: 146,859
 (b) Percent of class: 0.4%
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 146,859
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 146,859

 C. Lone Sequoia, L.P.
 (a) Amount beneficially owned: 122,692
 (b) Percent of class: 0.3%
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 122,692
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 122,692

 D. Lone Pine Associates LLC
 (a) Amount beneficially owned: 336,475
 (b) Percent of class: 0.8%
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 336,475
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 336,475

CUSIP No. 92932M101 13G/A Page 12 of 15 Pages


 E. Lone Pine Capital LLC
 (a) Amount beneficially owned: 1,522,491
 (b) Percent of class: 3.6%
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 1,522,491
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 1,522,491

 F. Stephen F. Mandel, Jr.
 (a) Amount beneficially owned: 1,858,966
 (b) Percent of class: 4.4%
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 1,858,966
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 1,858,966

Item 5. Ownership of Five Percent or Less of a Class.

 If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [X].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 Not applicable.

CUSIP No. 92932M101 13G/A Page 13 of 15 Pages

Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding Company.

 Not applicable.

Item 8. Identification and Classification of Members of the Group.

 See Item 2.

Item 9. Notice of Dissolution of Group.

 Not applicable.

Item 10. Certification.

 Each of the Reporting Persons hereby makes the following certification:

 By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

CUSIP No. 92932M101 13G/A Page 14 of 15 Pages


 SIGNATURES

 After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.

DATED: February 14, 2008

 By: /s/ Stephen F. Mandel, Jr.
 ------------------------------------
 Stephen F. Mandel, Jr., individually and
 (a) as Managing Member of Lone Pine
 Associates LLC, for itself and as the
 general partner of (i) Lone Spruce, L.P.,
 (ii) Lone Balsam, L.P. and (iii) Lone
 Sequoia, L.P.;
 and
 (b) as Managing Member of Lone Pine
 Capital LLC

CUSIP No. 92932M101 13G/A Page 15 of 15 Pages


 EXHIBIT 1

 JOINT ACQUISITION STATEMENT
 PURSUANT TO RULE 13d-1(k)


 The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G/A, is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G/A, shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.


DATED: February 14, 2008

 By: /s/ Stephen F. Mandel, Jr.
 ------------------------------------------
 Stephen F. Mandel, Jr., individually and
 (a) as Managing Member of Lone Pine
 Associates LLC, for itself and as the
 general partner of (i) Lone Spruce, L.P.,
 (ii) Lone Balsam, L.P. and (iii) Lone
 Sequoia, L.P.;
 (b) and as Managing Member of Lone Pine
 Capital LLC.