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Cyient to focus on India: CEO
Financial Express Mumbai
|April 24, 2023
EXPANSION TO TAKE PLACE IN 3-4 YEARS
TECHNOLOGY SOLUTIONS COMPANY Cyient will actively focus on Indian market in the next 3-4 years on the basis of the growth opportunities across segments such as communications, transportation, and newage verticals like medical, semiconductor, hi-tech, and automotive, etc, the company's CEO Karthikeyan Natarajan told FE in an interaction.
"We are not really actively focused on growing the India business currently unless some opportunities come up. Factors such as price realisation, the ability to collect cash, and our ability to really see a consistent growth, will take time to mature in India," Natarajan said, adding that it will take atleast 3-4 years for Cyient to see India as a growth market especially in segment such as communications.
"The definition of our business is that it has to be consistent, progressive, and growing. We are really focused on sustainability business and also working with the two large conglomerates in India. So we are definitely opportunistic in terms of where we think we can make money, able to collect and still be able to work on contracting terms that will be respected," Natarajan said.
This story is from the April 24, 2023 edition of Financial Express Mumbai.
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