Vineet Nayyar, executive vice chairman, Tech Mahindra, says the company's focus right now will be on making all prior acquired companies grow at healthy rates.
Vineet Nayyar, executive vice chairman, Tech Mahindra, says there is increased automation in the industry to reduce the labour-intensive nature of the work and managements will have to need to work to adapt these changes.
Experts feel investors should be comforted as far as margin pressure is concerned over the medium term, especially with the cash outflow that they are looking at.
Tech Mahindra and Bombardier have signed a mutual agreement that will lead Tech Mahindra to work with Bombardier globally, with which, the firm is set to hire 1,200 people in Canada in the engineering vertical.
Sources say that the Tech Mahindra might be looking at aquiring promoter‘s stake in FT. However, Nayyar refused to comment on the matter saying "it would be too premature to speculate about FT".
M&A is an area Tech Mahindra is looking at in terms of its 2015 goal but at the same time organic growing is also very important for the company, says Amitava Roy
Nasscom had estimated 12-14 percent growth for the Indian software services industry in FY14, and it aimed to achieve revenue of USD 300 billion for the IT industry by 2020.
Vineet Nayyar, Vice Chairman of Tech Mahindra expects Mahindra Engineering Services (MES) merger to play a big role in growth going forward.
Tech Mahindra is hopeful of benefitting from the weak rupee for 1-2 quarters. However, inflationary pressure will push up domestic costs and overall postive impact will be less, Vineet Nayyar, vice chairman of Tech Mahindra says.
CP Gurnani, MD & CEO, Tech Mahindra expects this year to be better than the two previous years.
Vineet Nayyar the chairman of Mahindra Satyam aims to complete the merger of its company with Tech Mahindra in eight weeks following a clearance for amalgamation from Andra Pradesh High Court
In an interview to CNBC-TV18, Vineet Nayyar, Vice Chairman of Tech Mahindra talked much delayed merger of Mahindra Satyam with Tech Mahindra. He informed that almost every process has been completed, barring some litigations by 13 Ramalinga Raju companies.
A long-planned merger between Tech Mahindra Ltd and Satyam Computer Services has been delayed by an additional six months that is up to September 30.
Vineet Nayyar, Vice Chairman, Tech Mahindra told CNBC-TV18 that though BT's IT budget is coming down, but Tech Mahindra still remains their preferred partner.
Krithika Saxena of CNBC-TV18 catches up with CP Gurnani, CEO, Mahindra Satyam; Sonjoy Anand, CFO, Tech Mahindra and Vineet Nayyar, chairman of Mahindra Satyam and vice chairman of Tech Mahindra for the details and the way forward for the merged entity.
CP Gurnani, the man who led his team to turnaround the erstwhile Satyam Computers and now Mahindra Satyam, said that the company has enough resources to wade through the legal battle over claims with the IT department.
For Tech Mahindra there has been a cancellation of an order from Cox Communications. Sanjoy Anand, chief financial officer of the company says, it is a very small piece of business.
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.
Terming the Mahindra-CISCO alliance "strategic", Mahindra Satyam's CEO CP Gurnani said this is positive for the company. Projecting revenue generation of USD 500-750 million over the next five years, Gurnani said the company would meet the industry’s growth expectations over the next five to six quarters.