The IT company in September 2016 informed the US DoJ and US SEC that it was in violation of the US Foreign Corrupt Practices Act due to payments made in India.
Indian IT cos are seeing falling headcounts as automation and a need to create talent overseas makes investing in India headcount far less important.
"The challenge is more at the personal side. Getting wound up and tense about it that was the bigger challenge. It got over and i’m dealing with it on an ongoing basis. "
Though the consulting-and-services company has about double the revenue of Tata Consultancy Services, its largest Indian rivals, it has been growing faster and gaining market share.
Anirban Bose succeeds Thierry Delaporte who has become the group’s chief operating officer and is considered one of the successors to chairman Paul Hermelin.
Unlike its smaller rivals such as Infosys and Wipro that have invested in startups to build capabilities and bridge gaps in emerging technologies, TCS has taken a contrarian approach.
The Capgemini CEO said that the companies globally have to look at new models to revive small towns as magnets for job creation.
Minister for IT and Law, Ravi Shankar Prasad, declined to specify the quantum of financial support but stressed that the project was important for the country.
The country’s largest software exporter, TCS, spent over a third more in 2017 on lobbying expenses while rival Infosys hiked its spend by nearly five-fold.
A diminished role of its consulting practice will contribute to better margins — a demand made in November 2016 by its most vocal activist shareholder Elliott Management.
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