Mphasis CEO Ganesh Ayyar assured investors and employees that the company will not lose top talent, post the buyout by private equity major Blackstone.
“I don’t see us losing top talent… in fact, in a volatile business environment top talent starts feeling jittery,” he told reporters. He added that he won’t jump the ship and pointed to the fact that he has been with HP for more than 20 years.
Ayyar has the core responsibility of growing business in the APAC region. In 1999, he was appointed President of Hewlett-Packard India and was instrumental in strengthening the company’s position. From 2004 to 2008, he was vice-president of outsourcing services business unit for Asia-Pacific and Japan. In January, he was appointed CEO and executive director of Mphasis.
Typically, investors start feeling jittery once a PE company steps in as they often resort to layoffs. Blackstone India's Senior Managing Director Amit Dixit said that Blackstone is backing the Mphasis management team and no changes are planned as yet. At the end of the quarter December 2015, Mphasis had around 23,500 employees on its rolls.