Time Mindtree, L&T top brass sat and talked real business: Phaneesh Murthy

The Indian IT industry, which went through a high growth curve, has now entered a more mature phase. Many Indian companies today compete effectively against global peers across geographies. It is typical of a mature industry to undergo consolidation through mergers and acquisitions and the Indian IT industry is no different. From targeted IP-driven acquisitions to mergers such as the ones between iGate and Patni and then subsequently Capgemini and iGate, KPIT and Birlasoft, as well as Atos acquiring Syntel, this consolidation trend is here to stay. All these, however, were done with buyers…

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