Tech Mahindra CEO plans to take this ‘route’ to close gap with TCS, Infosys, Wipro and HCL Tech

Tech Mahindra CEO Mohit Joshi aims to significantly boost the company’s banking, financial services, and insurance (BFSI) business to close the gap with larger rivals who have traditionally generated more revenue from this profitable sector.
Joshi, who joined India’s fifth-largest software services exporter in December 2023 after a long tenure at Infosys, plans to increase BFSI’s revenue contribution to 25% by March 2027, up from the current 16%. This compares to some competitors in the $254 billion Indian IT industry who already derive as much as a third of their revenue from BFSI.