Also, on-site personnel deployment outdoors India will come down and software program groups will more and more work out of India, Tech Mahindra MD & CEO C P Gurnani mentioned. “There will clearly be a slowdown. The question is how long and how much? The slowdown is inevitable,” Gurnani advised TOI Dialogues in a particular sequence on the Indian IT business and the influence of the coronavirus.
The Tech Mahindra boss mentioned, “There will be a lag, and that lag will hit the economy. My belief is that it is already hurting us… So, there will be a drop in the revenues.”
Tech Mahindra has over 1.2 lakh workers and will get a big a part of its enterprise from markets throughout Europe and the US, aside from India.
Gurnani mentioned that whereas the concentrate on community and companies, and media and leisure will hold the state of affairs underneath management for Tech Mahindra, there are different areas the place corporations could discover the going powerful for just a few quarters.
“I don’t want to be negative, but everyone knows that the businesses are impacted. If a motorcycle manufacturer is not manufacturing motorcycles, he is not going to give me a new transformation project. If you do not fly, clearly the airline industry is not going to give me a new project. So, it is clear that there will be a slowdown.”
Gurnani mentioned that there might be two quarters of stress if the second wave (of the pandemic) will not be very robust. “Of course, all of us will live in suspense till a vaccine is discovered. My best estimate at this stage is that October onwards, there will be a recovery in Indian IT and the global IT spends.”
Speaking about cyber safety, Gurnani mentioned that there’s a have to be vigilant towards fraudsters, hackers and on-line criminals. “I don’t think we take cyber security seriously enough. My personal belief is that the next wave of panic can only come through cyber security lapses and all of us need to be prepared for it.”
Asked whether or not India is under-prepared when it comes to cyber safety, he mentioned, “… if you choose not to be prepared, and take it lightly, then it is a serious threat. Your risk management policy should prepare you for that highest risk.”
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