We look to expand in healthcare, engineering: CP Gurnani
As Tech Mahindra’s revenue grew 4.7% sequentially in dollar terms at $758 million, CEO and MD CP Gurnani tells HT in an interview the company sees a revival in major markets, such as the US and Europe.india Updated: Nov 07, 2013 23:58 IST
Tech Mahindra’s CEO and MD CP Gurnani tells HT in an interview the company sees a revival in major markets, such as the US and Europe. Excerpts:
How do you view the company’s performance in the second quarter?
Overall, we have seen a strong growth trajectory in our enterprise business with a major chunk from organic growth. This is in-line with our expectations. Europe has been a major contributor with highest growth rate, followed by the rest of the world. Interestingly, the increase in discretionary spend is higher in Europe than in the US.
You have made five acquisitions in 21 months. Are you looking for more?
Every acquisition, if you have noticed, has been helpful to us in expanding our capabilities in our focus areas. Right now, we are focusing on our strategy to digitise enterprise to be future ready. Besides, we may consider expanding in the areas of healthcare, engineering services and BFSI (banking, financial services and insurance), which are our major revenue verticals. Anything beyond, might be a little less attractive.
Post the merger of Satyam with Tech Mahindra, the company has been focusing on building new capabilities and expanding into new geographies. How is that coming along?
I am strongly recommending investing in Europe. Americas is not left out or ignored either. We are also investing in Africa. We are now serving 15 countries in the region.