Have enough cash reserve, will look at potential M&A deals: Wipro CFO

In a Q&A, Jatin Dalal says his company is looking at investments that are good but impacted by the market downturn

At a time when the IT industry is fighting the Covid-19 crisis, Wipro is confident of sailing through on the back of its strong balance sheet and service offerings. In an interaction, The firm's CFO Jatin Dalal tells Debasis Mohapatra and Sai Ishwarbharath B that the company has enough cash reserve to tide over any rise in working capital requirements and will also look at potential M&A opportunities going ahead. Edited excerpts:

Wipro has said its working capital need is likely to increase in coming days owing to Covid-19 crisis. What is the kind of increase of working capital, you