CONTINUED GROWTH WITH MULTI-FACETED EXCELLENCE
Consistency and Speed
Forging ahead of challenges and competition calls for purposeful and bold transformation with consistency and speed. With a focused purpose of being the ‘Driver in the Driverless Car’, and with ‘Engineering is in our DNA’, we moved the needle across all areas of business growth. We set a scorching pace in envisioning possibilities and transforming them into achievements with design and architecture.
Three engines have powered our growth.
The IT Services Market Growth
Global tech spending has significantly increased over the last two years and is expected to stay at elevated levels relative to the pre-COVID era. The growth of overall offshore IT services has increased and continues to drive expansion for the share of the Indian IT services market − especially for firms that are aligned to digital transformation competencies.
Increasing Discretionary OpEx Spend vis-à-vis CapEx
As enterprises migrate away from a CapEx-driven tech investment model, additional discretionary spending opportunities emerge, releasing more into tech budgets, and moving away from past amortizations due to tech-debt reduction.
In the ongoing dynamic of run the business and change the business-related tech spend, the market for change is growing much faster as enterprises relentlessly rationalize run to fund change. We have aligned our offerings with the changed paradigm using our ‘Tribes and Squads’ competency model.
The Opening Up of Newer Tech Spend Areas
Increasingly, much larger opportunities outside the traditional IT organizations are emerging, and technology themes are being more closely aligned with business growth and transformation. The blurring of boundaries due to the changed dynamic that intersects both business and technology has allowed us to expand our total addressable market significantly faster than before. Our recent acquisition of Blink UX, a user experience research, strategy, and design firm, will significantly expand our addressable market in the rapidly growing upstream phases of digital transformation, moving to the very front of our Front2Back™ approach.
We have embedded three future-relevant principles in conducting business.
‘Hybrid First’ Workplace
In line with changing times and client requirements, we have -
- Reconfigured workspaces so that our employees can work from anywhere and collaborate in the office.
- Reimagined a ‘Hi-Tech, Hi-Trust, Hi-Touch’ Employee Value Proposition.
Inclusion & Sustainability
Sustainability has always been the cornerstone of our business. With the disruption caused by the global pandemic, there is an urgent need for climate action and building an equitable society. All our efforts are aimed at leveraging the power of technology to solve societal challenges, reducing our environmental footprint, building sustainable supply chains, inculcating a diverse and inclusive culture, and adhering to the highest standards of ethical governance.
Our efforts have been validated as we improved our positioning in the S&P Global’s Dow Jones Sustainability Index Corporate Sustainability Assessment Annual Review from 37th percentile to 69th percentile. We have 35% representation of women across our workforce and were ranked amongst the top 100 best private companies for women to work in India. We recycle 100% of wastewater across our campuses in India. We have accelerated our efforts to phase out ozone-depleting pollutants and invested in solar plants to reduce our carbon footprint. Here is a snapshot of how we showed improvement across all areas:
- Environment (60th percentile)
- Social (77th percentile)
- Governance (73rd percentile)
Web 3.0
We have been early adopters of blockchain technology, building industry-specific solutions around digital assets, and more recently, Web 3.0. Our capabilities in blockchain, expertise in architecting cloud-native platforms and user experience design & implementation, and next-gen talent, help provide newer avenues for the application of innovative blockchain-based solutions in financial services, supply-chain, healthcare and life sciences, insurance, logistics, entertainment, art and retail.
