HomeNewsBusinessCompaniesTech Mahindra signs $200m deal, looks at cost cutting

Tech Mahindra signs $200m deal, looks at cost cutting

Despite an overhang of litigations, Mahindra Satyam seems to be attracting business. Speaking to CNBC-TV18 exclusively, chairman Vineet Nayyar said that they had signed a large deal in worth USD 200 million in the previous quarter, which should reflect in the topline in the coming quarter.

June 22, 2011 / 11:34 IST
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Despite an overhang of litigations, Mahindra Satyam seems to be attracting business said Vineet Nayyar, Vice Chairman, Managing Director and CEO of Tech Mahindra and the Chairman of Mahindra Satyam, Speaking to CNBC-TV18 exclusively he said that Tech Mahindra had signed a large deal worth USD 200 million over a period of five-years, which should reflect in the topline in the coming quarter.

On the business outlook and traction across verticals, he said, "We signed a rather large deal in the previous quarter and you will see the returns coming in the future." Further, he added, "Our enterprise area is where our natural strength is and that is where we are seeing a fair amount of growth. This is an area which is going to grow for us and it will be across sectors whether it is for banking, for manufacturing or for engineering. For Tech Mahindra it is going to be telcos." Below is a verbatim transcript of his interview with CNBC-TV18
first published: Jun 15, 2011 12:20 pm

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