Revenue from Blackstone channels can double in 3 years: Mphasis CEO

In Q&A, Nitin Rakesh dwells on business prospects, M&A opportunities and what Blackstone now brings to table

PE player Blackstone recently upped its stake in Bengaluru-based IT services firm Mphasis. Nitin Rakesh, CEO, Mphasis is confident that with Blackstone backing the company, it will be able to increase revenue manifold from the Blackstone portfolio. After strong growth in FY21, Rakesh is sure that FY22 the company will see industry leading numbers. In an interview with Shivani Shinde, he talks about business prospects, M&A opportunities and what Blackstone now brings to table. Edited excerpts:

Q4 numbers in terms of TCVs signed, as well as for FY21 as a whole seem strong. How do you see FY22 growth panning