IT can see acquisitions in $50-400m range in 2012: TCS

At the 20th NASSCOM India Leadership Forum,  N Chandrasekaran, MD & CEO of TCS, Noshir F Kaka, Director of McKinsey & Company, Pramod Bhasin, Non-Executive Vice Chairman of Genpact and Som Mittal, Chairman of NASSCOM discuss and debate what the outlook for the Indian IT sector and what the global headwinds look like.

Below is an edited transcript of their interview. Watch the accompanying video for more. Q: You made a statement saying that the NASSCOM forecast is on the conservative side. When everybody is talking about headwinds and everybody is talking about uncertainty to hear you say that gives people a lot of hope? Chandrasekaran: NASSCOM usually gives an estimate based on what they hear from member companies. The good thing is NASSCOM has got a terrific track record because every time, whatever they have projected they have beaten that, some times by better margins, some times by slender margins. To that extent, the 11-14% guidance is good.
I hope that we come out at least at the top end of that estimate. Personally, I feel that it