Blackstone portfolio giving us strong growth avenues, says Mphasis CEO

If you look two years back, the portion of fixed price contracts has risen from 11% to around 25%, said Mphasis CEO Nitin Rakesh

As Nitin Rakesh, chief executive officer of IT services company Mphasis, is completing two years in the Blackstone-owned firm, he has set a clear roadmap to derisk the company's balance sheet with focus on new engines of growth. In a conversation with Debasis Mohapatra & Bibhu Ranjan Mishra, he says the Bengaluru-based firm is diversifying to newer verticals such as health care, transportation and logistics apart from expanding its presence in Europe. Edited excerpts:

How do you rate the journey so far?

Growth was obviously challenged (when I joined). These two years have been good because of the way the business has