Weak euro, falling crude good for growth: Tech Mahindra

Nayyar: I am overall optimistic on the coming year for the simple reason that US is looking very good. You are seeing four percent real time growth there and US is the one economy which generates global demand. So you are going to see growth everywhere including Europe. I feel good for Europe that their currency has weakened because it was at artificially high levels and with the weakening of the currency they will become more competitive. It will give further fillip to their economy. Third great thing which people saw negatively earlier is the fall in the prices of oil. True, it will impact certain countries adversely.

Q: You have set a target of USD 5 billion by the fourth quarter of CY15. You have been growing rapidly through acquisitions. Break this up; organic, inorganic?

Gurnani: I guess we are committed to both organic and inorganic and at this stage by this quarter I have already acquired two companies, both of them very strategic acquisitions, both of them in two diverse areas. One gives me a unique capability for network services particularly in the carrier space. Second gives me core banking expertise and a platform for tax. So, I strongly believe that both strong acquisitions ultimately will have to become organic growth for me. It is not that they will remain inorganic. So, we are committed to organic growth and wherever we need strategic either geography or a strategic vertical or a strategic technology offering we will look at M&A.