Tech Mahindra expects 5G, home connectivity to drive growth

New Delhi: IT company Tech Mahindra expects 5G rollout, demand for home connectivity and digitisation will drive business growth in the coming days, senior officials of the company said. The company expects short term setbacks for businesses due to coronavirus pandemic, however, telecom clients will support the business growth.

“There will be some headwinds, and those headwinds will be common to everybody, but company continues to innovate, continues to leverage every of my acquisition and certain businesses where the expansion is likely to happen faster, for example, digital, for example, healthcare, we are doing a double click or a double drilling,” Tech Mahindra MD and CEO CP Gurnani said in an investors call.

According to the details uploaded on the company’s website, 93 per cent employees in the company’s IT team and around 85 per cent in the business process services were working from home after the lockdown was announced.
Tech Mahindra CEO for Network Services Manish Vyas said that major service providers continue to remain focused on investment in network expansion and 5G services.