Mahindra to consider IT acquisitions, but not to bulk up: Vineet Nayyar
Nayyar, Executive Vice Chairman of Tech Mahindra and Chairman of Mahindra Satyam, also said that the merger of the two companies would have negligible impact on their staff, but a fair amount of positive impact was likely on the business as the combined entity would be seen as a much bigger player in the Indian IT sector.
"I don't think anything quantitatively will change after the merger as we have been working like a sort of single entity for some time now. What will change is that what was de facto, will become de jure," Nayyar told PTI in an interview here.
Nayyar, who was here for the World Economic Forum Annual Meeting which had Mahindra Satyam as one of the strategic partners, said that there would be some rationalisation in terms of functions, "but by and large it will have very little impact on staff".
"But we are hoping a fair amount of positive impact on business, because we will be seen as a much larger entity," he added.
Asked whether the group would consider any acquisitions as the merger process was close to be completed, Nayyar said: "Our position regarding this is that our growth strategy is based both on
Be the first to comment.