The Hindu Business Line : Virtusa eyes India

With India offering a $8.3-billion market for IT services, Virtusa Corporation, which has a strong client base in the US and Europe, has said it would enter the Indian market. “While the global growth rates in IT spending fell below 10 per cent, India, though with a smaller base, was offering a growth rate of 20 per cent. This promises a huge opportunity,” Mr Dough Mow, Senior Vice-President (Marketing) of Virtusa, said. He, however, refused to answer questions on the present exposure to Indian market and the company’s expectations from India for the financial year. To begin with, Virtusa would target companies in Mumbai, Delhi, Bangalore, Chennai and Hyderabad, Mr Krishna Murty Yamajala, Vice-President and India Centre Head, said. Mr Akhil Agarwal, Vice-President and Global Head (Banking, Financial Services and Insurance) of Virtusa, said the company’s ‘Lean IT approach’ would help organisations cut costs. — Our Bureau

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