Anand Parameswarn CYIENT - Sr. Vice President - Aerospace & Defense BU

Anand heads the Aerospace and Defense business unit. In this role, he is responsible for driving superior outcomes for clients by leveraging Cyient's extensive capability across product design, manufacturing, and aftermarket solutions. In his previous role he was the Global Head of Human Resources and Business Excellence.

Anand has earlier led Global Sales and Delivery for the Heavy Equipment, Transportation, HiTech, Consumer, and Medical (HTH) business unit. He was responsible for driving engagement, profitability and revenue growth across these industry verticals.

Before Cyient, Anand worked in various information technology (IT) industry leadership roles in North America, Europe, and Asia, including positions at Wipro and Cognizant, two leading global IT consulting firms.

Anand received a degree from Birla Institute of Technology and Science (BITS), Pilani, India.

Aerospace engineering constituting more than a third of Cyient’s total revenue is indicative of the tremendous scope of growth. How has the demand in India and overseas been?

Engineering outsourcing predominantly is based upon the program launches- be it airframe, engine, or systems. With newer programs, we see a significant spike in the direct Engineering, Research & Design (ER&D) business which then tapers out and gives way to product improvement, maintenance engineering or obsolescence during production and aftermarket phases. So technically, there is always, some ER&D work happening throughout the product phase.

Of the global aerospace revenues, around 4% is utilized on a multitude of R&D activities. What started as the business of cost arbitrage and flexible capacity a decade back, has now converged into “technology proliferation,” “program partnerships,” and “innovative business models” resulting in improved cost realizations for the OEMs.

So as long as the budgeted ER&D tracks flat or upwards, on a global outlook, we can safely assume engineering demand to be active.

In Aerospace and Defence vertical, what are some of your strengths and which are the areas where you see the maximum potential for growth and innovation?

Aerospace product engineering is our stronghold for many years now. We lead Integrated Product Teams (IPT), undertake System level ownership, and provide discipline level support on various systems/ sub-systems for our customers that cut across aero engines, airframe, interiors, avionic and aero systems domain.

We are proud to maintain our leadership position in global ER&D ratings since 2011 and our multitude of awards for engineering excellence from OEMs stand the testimony of the design excellence we have bred.