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Mphasis eyes banks to power growth

Mint Kolkata

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November 07, 2025

Blackstone-backed Indian IT services firm Mphasis expects its key financial segment to drive sales in the six months through March end, its chief executive officer (CEO) said, with revenue projected to grow at more than twice the industry's pace.

Revenue growth for India's $283billion IT sector has been muted over the past two years as clients tightened budgets amid macroeconomic uncertainty and US tariff and immigration policy headwinds. That is now starting to change, especially in fi

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