Tech Mahindra is eyeing more than one-tenth of its revenue from the domestic market in the next two years on the back of fifth generation (5G) telecom services roll-out, smart city projects, digitisation across government and private organisations in India. The $4.35-billion Indian IT services firm garners nearly 5% of overall business from India market currently including projects from government-run bodies.
Analysts said IoT-related projects would boost India growth for technology services players faster.
“5G is still a futuristic opportunity. IoT clearly has a way better outcome for any company today in the near future. Any infrastructure-heavy (deals with millions of data) project such as smart city development will be big bets for companies such as Tech Mahindra. However, the run up to the general elections 2019 may result in some kind of stagnation in decision making,” said Sanchit Vir Gogia, chief executive, Greyhound Research.
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Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, an award-winning global research & advisory firm. To read more about him, click here.