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Tuesday, June 8, 2010

Satyam to invest big in key verticals, eyes new markets

With just over a fortnight left for Mahindra Satyam’s audited results to be announced, the company’s top brass is charting investments to build capabilities in competencies and foray in to newer geographies. “Investing in key capabilities and expanding our business is a part of the three-year plan chalked out to spur growth. As we have already stabilised the company, our focus now is to get into the growth mode across the world,” Atul Kanwar, head Global Sales, told ET.

The quantum of investment was not specified as Satyam cannot reveal its financials till the results are declared to the stock exchanges. To achieve desired levels of growth, Satyam hopes to piggy back on its parent, Tech Mahindra’s ability to bag government contracts. Tech Mahindra and Mahindra Satyam may also jointly offer services to clients by combining capabilities of the two firms, its officials said.

Newer markets such as Japan, Brazil and other Latin American regions will be looked at as IT companies see great demand for offshore services in these regions. The company intends to invest extensively in key verticals that contribute sizeable revenue to Satyam such as telecom, manufacturing, banking financial services and insurance and health care.

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