The Padma Shri entrepreneur on his book ‘Engineered in India: From Dreams to Billion-Dollar Cyient’, being profit-oriented, his biggest mistake and building a company on values.
In an interview to CNBC-TV18, BVR Mohan Reddy, Founder & Executive Chairman of Cyient spoke about the results and his outlook for the company.
Tech Mahindra MD and CEO C P Gurnani will take on the new role with effect from April 6 and succeeds B V R Mohan Reddy, who served as chairman for 2015-16.
From the IT industry perspective, the long elusive transfer pricing clarity tops the expectation list from this Budget. Apart from this, various skill development initiatives getting into mainstream operational mode is also on the wish-list.
Infotech Enterprises was included in the CNX IT Index. BVR Mohan Reddy, CMD of Infotech Enterprises in an interview to CNBC-TV18 said it was very gratifying that their company was included in the CNX IT Index.
Infotech Enterprises reported a consolidated sales turnover of Rs 475.12 crore and a net profit of Rs 60.12 crore for the quarter ended Dec '12. The company‘s other income for the quarter stood at Rs 17.04 crore.
Infotech Enterprises‘ net profit fell by 22% to Rs 50.3 crore in the second quarter of current financial year 2012-13 from Rs 64.7 crore in the previous quarter. BVR Mohan Reddy, CMD, Infotech Enterprises, tell us the reasons for the decline.
BVR Mohan Reddy, chairman and managing director of Infotech Enterprises says, the company will do better than the industry norm. "The industry norm is running at about 10-14%, we will be more than that 14% number," he adds.
Angel Broking is bullish on Infotech Enterprises and has recommended accumulate rating on the stock with a target of Rs 162 in its February 27, 2012 research report.
Chairman and managing director of Infotech Enterprises, BVR Mohan Reddy breaks down his company's second quarter results on CNBC-TV18.
Infotech Enterprises has declared its fourth quarter results. BVR Mohan Reddy, CMD, Infotech Enterprises says, the company is targeting margins of 17%. However, he quickly adds that it will take a couple of quarters before the company gets to those numbers.