Tech Mahindra managing director and chief executive officer CP Gurnani on Friday said the Indian IT business climate had turned a bit nervous, whereas globally, US was encouraging and Europe was much better now.
“The IT industry expects rupee to stabilise for healthy growth atmosphere to return. With high rupee volatility, Tech Mahindra has hedged a good part of its order book,” said Gurnani.
Instead of focusing more on day-to-day hedging activities, Tech Mahindra had started to work on improving business strategies to stay ahead, he added.
When asked to disclose hiring plans for the current fiscal, Gurnani, sceptical of guidance estimates, said the company had been growing and it was investing in IT automation and other verticals.
