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Tech Mahindra expects 30-40% growth in cyber security biz

Monday, October 08, 2018

IT company Tech Mahindra expects its cyber security business to grow in the range of 30-40%, at least for the next three years, according to a senior company official.

"We are doing a very humble start even if we grow 30-40 per annum in our business of security. It is fair estimate of what we can put on ground," Rajiv Singh, Senior VP & Global Head of cyber security unit of Tech Mahindra, told PTI.

He was replying to query on growth and business opportunity that company sees in cyber security business.

Singh said that the growth is expected in cyber security division of Tech Mahindra every year over a period of next three years.

"You have to look at the CAGR , that can only go up when you have strong alliances. When I am talking about growth, I am talking about accelerating in next 3 years. (In) next 3 years, (it) has to be accelerated," he added.

The company recently signed partnership pact with security arm of Israel government-run Israel Aerospace Industries (IAI) to provide and develop technical security solution for utility firms and critical infrastructure.

Under the partnership, Tech Mahindra plans to develop internal capability to handle cyber security solution and further train people to grow business.

"We want to first focus on that there is right level of capability to handle cyber security challenge. We will focus on skilling. We may start, let's say with about 100 people internally and then they will go out and train the trainers," Singh said.

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