‘Tales of In­dian IT’s End Ex­ag­ger­ated’

The Economic Times - - Disruption: Startups & Tech - Jochelle.Men­donca@ times­group.com

Ben­galuru: In­dian IT com­pa­nies are do­ing their best to weather the changes in the sec­tor and are ac­tively work­ing at re­train­ing their em­ploy­ees to en­sure that they make the tran­si­tion, head of Nass­com IT ser­vices coun­cil Nitin Rakesh said.

Sev­eral ar­ti­cles have been writ­ten pre­dict­ing the end of the In­dian IT sec­tor but changes in the space are noth­ing new, Rakesh, also Mpha­sis CEO, said.

“We have gone from main­frames to client server, to in­ter­net and now to dig­i­tal of­fer­ings. We have made these changes be­fore. As al­ways there is a pe­riod of tran­si­tion. And I can tell you, each com- pany is ca­pa­ble of mak­ing this pivot though they may pick dif­fer­ent parts to fo­cus on,” Rakesh said. He con­tested the fact that In­dian IT has not done enough to make the change. Last month, in an opin­ion piece, Sil­i­con Val­ley in­vestor Vivek Wad­hwa re­ferred to In­dian IT ex­ec­u­tives as ‘duf­fers’ and added that they were in a panic be­cause they have failed to trans­form them­selves for years.

“There is a dis­rup­tion and maybe not every sin­gle com­pany will make the pivot suc­cess­fully but every com­pany in the in­dus­try has cut­ting-edge ca­pa­bil­i­ties and is in­vest­ing heav­ily to make the shift. In­dia will be the dig­i­tal fac­tory of the fu­ture,” Rakesh said. He said it was im­por­tant to com­bat the im­pres­sion of im­pend­ing doom be­cause of the im­pact it had not only on the four mil­lion em­ploy­ees in the in­dus­try but also on client de­mand.

Nitin Rakesh, Mpha­sis CEO and head of Nass­com IT ser­vices coun­cil

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