IT IS WELL AFTER 9 PM, and Mohit Joshi has had a long day. His company, Tech Mahindra, has just declared its quarterly numbers, and he has a flight to Singapore the next day. Based in London, Joshi is described by his employer as a “road warrior” and has a hectic travel schedule worldwide.
As he settles into a hotel meeting room near Mumbai’s international airport for a working dinner, Joshi, the company’s CEO & MD, is chatty. He fields questions on challenges for the $6.5-billion Tech Mahindra, an IT services and solutions company that has been around for over three decades, and his optimism about artificial intelligence (AI). He is acutely aware of the advantage of being part of a conglomerate and will use that strategically. At the same time, there is pressure to increase margins to keep up with its rivals. By any yardstick, these are difficult times to be in the IT business. But Tech Mahindra could find them most interesting if it gets a few things right and executes them well.
MOVING IN
Joshi is no stranger to impressive growth. When he joined Infosys in late 2000, it was a $180-million company; when he quit as President in mid-2023, its turnover was $18 billion. When Tech Mahindra’s offer came, Joshi believed it was the right size at $6.5 billion. “With 150,000 people, it was large enough to have a global impact. It had a good mix of service lines, industries, and geographies,” says Joshi.
The soft-spoken Joshi, a history graduate with an MBA, plays down his recruitment as very straightforward. C.P. Gurnani was due to retire after 19 years at Tech Mahindra’s helm, and global executive search firm Spencer Stuart was mandated to look for candidates within and outside the organization. “There was a grand total of two discussions before I was picked. I liked the client base, talent, and the group,” says Joshi.
Bu hikaye Business Today India dergisinin April 14, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today India dergisinin April 14, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
PAYING FOR CHANGE
WITH EXTREME WEATHER INCREASINGLY PUTTING THE COUNTRY AND ITS ECONOMY AT RISK, INDIA SHOULD EXPLORE CLIMATE FINANCE PATHWAYS TO FUND ITS NET-ZERO JOURNEY TOWARDS A GREENER FUTURE
BEYOND THE BLIP
ESG HAS BEEN UNDER SCRUTINY GLOBALLY AMID ALLEGATIONS OF GREENWASHING AND RECORD REDEMPTIONS FROM ESG FUNDS. BUT THAT MAY JUST BE ONE SIDE OF THE STORY, SINCE SUSTAINABLE PRACTICES HAVE BECOME CORE COMPONENTS OF COMPANIES' STRATEGIES
BANDHAN AT A CROSSROADS
THE BELEAGUERED LENDER, LED BY CHANDRA SHEKHAR GHOSH, HAS FACED A HOST OF CHALLENGES IN RECENT TIMES. IT HAS READIED A BLUEPRINT TO DEAL WITH THEM. BUT WILL IT SUCCEED WITHOUT GHOSH AT THE HELM?
RESULT AND REPERCUSSIONS
After the verdict, the Street has turned cautious with analysts expecting the new government to reassess some of its policy priorities
D-STREET ANGELS
FACED WITH A DEARTH OF PURE-PLAY THEMES IN THE SECONDARY MARKETS, SEASONED INVESTORS LIKE VIJAY KEDIA, MUKUL MAHAVIR AGRAWAL, AND THE JHUNJHUNWALAS HAVE TRAINED THEIR SIGHTS ON THE START-UP
A Man of Multitudes
IN A NEW BOOK, CAPTAINS OF INDIA INC. AND OTHERS PAY TRIBUTE TO RAHUL BAJAJ, THE TITAN OF INDIAN INDUSTRY
HOUSE OF THE RISING SUN
WITH THE GOVERNMENT OFFERING SUBSIDIES UNDER THE PM SURYA GHAR MUFT BIJLI YOJANA, MANY HOUSEHOLDS HAVE TAKEN A SHINE TO SOLAR ROOFTOP PANELS. BUT HOW MUCH DO THEY COST?
FROM GREY TO GREEN
WITH THE CLIMATE CRISIS BECOMING MORE ACUTE, GREEN HYDROGEN COULD BE AN IMPORTANT SOLUTION
ECO CHAMBER
DATA CENTRES ARE A VERY VITAL PART OF THE DIGITAL TRANSFORMATION THAT IS UNDERWAY, BUT THERE'S A PROBLEM: THEY CONSUME TOO MUCH ENERGY. AS DEMAND FOR SUCH CENTRES INCREASES IN INDIA, IT HAS NO OPTION BUT TO EMBRACE GREEN SOLUTIONS