After Tamil Nadu issued a notification bringing IT sector in Tamil Nadu under the ambit of Industrial Disputes Act, Mindtree Executive Chairman Krishnakumar Natarajan says the sector shouldn't be worried about the development.
Krishnakumar Natrajan, CEO and MD, Mindtree says the two new acquisitions of Relational Solutions Inc and Bluefin will help the company grow faster
Parthasarathy NS, President, Chief Operating Officer, said efforts were being taken to arrest attrition and that he was confident of results.
Krishnakumar Natrajan, CEO of Mindtree told CNBC-TV18 that there is no plan to acquire any domestic IT company or to find itself a suitor.
Clients are becoming a little less tight-fisted about IT budgets in 2014. But they're also getting more choosy about where they want to put this money. And emerging technology like digital, analytics and mobility are the verticals of choice.
Krishnakumar Natrajan, MD and CEO, MindTree Consulting expects improvement in sequential margins on rupee depreciation, but admits the volatility in the currency is hindering the company’s plans.
Speaking to CNBC-TV18 about the financial performance of the company, Krishnakumar Natrajan, managing director, MindTree said although Mindtree has delivered sequential growth of 9.6% in this quarter, it would be difficult to maintain that pace ahead.
Volatile global conditions has pressurized the IT space in India due to their exposure to foreign companies. Krishnakumar Natrajan, Managing Director & Chief Executive Offier of MindTree Consulting believes that the immediate short term looks stable for the company.
Krishnakumar Natrajan, managing director and chief executive officer of MindTree is optimistic about the future because the company is not seeing volatility in customer budgets. He sees strong momentum continuing for next two quarters.
In an interview with CNBC-TV18, Krishnakumar Natrajan, MD & CEO, Mindtree said,"We have fairly reasonable sized operation in Japan. In terms of number of people there is in the region of 20-25 people. In terms of percentage of revenue, it is about 2% of our overall revenues."
MindTree touched an intraday high of Rs 380 and an intraday low of Rs 361.10. At 14:04 hrs the share was quoting at Rs 377.50, down Rs 4.35, or 1.14% on the NSE. Nalanda Capital may exit part or whole stake in MindTree, quoting Sources, reports CNBC-TV18.
Officially, the MindTree co-founder wants to start a new venture. But insiders point to decisions gone wrong and cracks within the top management.