Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: empanelment :: list of goods taxed at 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT RATES :: TDS :: due date for vat payment :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT Audit
 
 
Mergers and Acquisitions »
 Indian chemical industry: Will M&A be a game changer?
 Samsung to continue seeking mergers and acquisitions
 Deals of the day-Mergers and acquisitions May 18, 2017,
 Forced mergers, sacking on cards as RBI gets tough with misfiring big banks
 Why India Inc is on an M&A spree, preferring inorganic growth to investing in fresh projects and capacities
 Banking consolidation 2nd wave: FinMin sees room for 3-4 more PSB mergers
 Ministry of Corporate Affairs (MCA) notifies the provisions of cross-border mergers and acquisitions
  GAVS Tech eyes to double revenue from mergers & acquisitions
 ACC, Ambuja Cements evaluating merger
 News Corp VCCircle Mergers & Acquisitions Summit 2017
 A new merger control philosophy

Infosys interested in 'bigger scale' mergers and acquisitions, says Vishal Sikka
January, 16th 2015

Infosys, the country's second largest IT services firm, is open to 'bigger scale' mergers and acquisitions but with a caveat, it is not interested in "yesterdays" companies.


The Bengaluru-headquartered company, that was once the bellwether of the IT industry, also says it is primarily interested in taking over innovative companies and in areas like automation and artificial intelligence.

Infosys CEO Vishal Sikka, who was brought from German software major SAP last year to revive the company's fortunes, also laughed off suggestions that Infosys itself can be acquired.

"We are here to acquire others and not be acquired, certainly not till I'm here," he told PTI in an interview.

"We are open to mergers and acquisitions and we would love to acquire companies that are innovative. We are looking at companies worldwide, everywhere. There are some areas where you can bolster yourself geographically and so on.

"The main point is that I have no interest in acquiring yesterdays company (technology-wise) just because it adds to the revenue number or to the bottomline and so on," he said, adding that would miss the point.

The first non-founder CEO of the over $8 billion IT services exporter said that the firm is looking at acquiring smaller companies, but is open to bigger ones as well.

"We are interested in acquiring smaller companies, although you never say no to something that makes sense and a bigger scale as well. Primarily the interest is in smaller companies, innovative companies. These areas that I mentioned automation, artificial intelligence", he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions