The rupee, which has strengthened over 4% since the last quarter, has hurt the sector's fourth-quarter results, though the impact will be greater in FY18.
Curbs in all major markets will severely disrupt the outsourcing model which has delivered enormous growth in the past two decades for Indian IT industry.
"(It) is critical for us to retain key talent and align the long-term interests of our leadership team with that of our shareholders," Sikka said.
Aegis had revenue of about $400 million and over 40,000 employees at the time of the agreement. The BPO company has 47 centres across 10 countries.
IT service providers and BPO companies have started building automation offerings, despite the negative impact it could have on their margins.
In healthcare, the BPO firm has built a platform called Radius, which will help its customers schedule home visits by nurses.
In November, Zensar bought UK user design company Foolproof. In 2014, it bought e-commerce technology firm Professional Access.
NG Subramaniam took over as COO in February, a role that hasn't existed in the company since 2009. TCS has in the past used the role of COO as a stepping stone to the top job.
The case, filed in Illinois federal court on March 13, alleges that HCL Tech failed to perform on a SAP upgrade contract it won in 2013.
Titan will also use IBM's platforms to drive users to its brand websites and boost footfall in stores.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon