Market in recovery mode, says TCS CEO Ramadorai

Market in recovery mode, says TCS CEO Ramadorai

S Ramadorai

TCS also saw green IT as big opportunity for growth and is investing in this area. “The downturn is behind us and we have entered new phase where we are seeing stability on the ground. The demand pipeline is good and we hope to transform these into business,” said TCS CEO S Ramadorai on Monday.

He said innovation and creating IP are key for growth and TCS will continue to  invest in R&D innovation. “BFSI and retail deals are in the pipeline. More consolidated deals will happen in future and business model like infrastructure services, IT services  and BPO as a package is what customers are looking for,” he said adding “we always look for both organic and inorganic growth oppurtunites and if appropriate deal comes we will take the inorganic path.”

Fresh hiring

TCS which made 18,000 offers last year through campus recruitment will entertain these by first quarter of next financial year. The company, which, last year, hired close to 33,000 people, however given current scenario, sees this number to be less than previous year. “Our strategy for campus recruitment has changed. We will now go for campus recruitment only a quarter before our expected requirement.”  

Earlier Tata Elxsi, product design arm of Tata Group announced the appointment of Ramadorai as Chairman. He will replace Syamal Gupta and also continue as non-executive vice-chairman of TCS.