Indian IT sees big wins as clients consolidate tech

Mumbai | Bengaluru: As the Covid-19 pandemic hurts businesses across the world, Indian technology services providers — both large and small — think clients would prefer them over the other going forward.

While large outsourcers like Infosys and TCS are confident that clients will consolidate their technology engagements under one roof to streamline costs, midcap firms such as Hexaware and NIIT Tech say they will win bigger deals amid consolidation opportunities, despite the widespread impact on several key verticals such as travel and hospitality.

“It is very clear already to us that there’s a movement from the smaller or the less capable vendors to larger or the more capable vendors, and we definitely see with our strength, we believe we’ll benefit from that,” Salil Parekh, CEO of Infosys, said during its quarterly results., citing an example of such a discussion with a manufacturing client, without naming the firm.