Indian IT industry has emerged stronger after every challenge: Sanjay Jalona, CEO and MD, Larsen and Toubro

The digital opportunity is huge, and we have just scratched the surface,” says Sanjay Jalona, CEO & MD, LTI, the technology consulting and digital solutions subsidiary of Larsen & Toubro. Last month, it announced its Q1 FY20 results; it delivered 12.9% YoY revenue growth in constant currency, driven by digital services that now make up 39% of its revenues. “We also won a large deal by opening a new client logo in insurance vertical with net-new TCV of $44 million,” Jalona tells Sudhir Chowdhary in a recent interview. Excerpts:

You closed FY19 on a very high note— among the best in industry. Is this momentum sustainable given external forces such as Brexit, H-1B visa?
The ongoing fiscal has started on a cautious note for the industry. However, from an industry perspective, Indian IT services has emerged stronger after every challenge. Hence, we do not anticipate these issues to have any sustained impact on this resilient industry. We remain bullish on our growth in the medium to long term.