Most challenging time for IT industry till date: Former TCS CFO

Bengaluru: India’s information technology sector has never seen challenging times that it is witnessing now due to theCOVID-19 impact, IT industry veteran S Mahalingam said on Tuesday even as he lauded the companies in the space for demonstrating their ability to be reliable partners during the lockdown period.
“I joined the IT industry in 1970, and also participated in creating this whole export and serving global customers and so on,” noted the former Chief Financial Officer and Executive Director of Tata Consultancy Services (TCS) in an interview to P T I.
‘Maha’, as he is fondly known in the industry, said Indian IT companies have “gone through” the Asian crisis, Y2K, and the 2008 global meltdown when many of the customers were affected.