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We are not looking at further acquisitions, says Mindtree's Rostow Ravanan

The firm plans to focus on digital biz and build solution capabilities, says CEO

Merger, M&A
premium

Bibhu Ranjan Mishra Bengaluru
Mid-size IT services company Mindtree has decided to pause its inorganic growth plans and instead turbocharge the organic route with a focus on building platforms and solution capabilities, said Rostow Ravanan, CEO and managing director of the Bengaluru-headquartered company.
 
“At this point in time, we are not looking at any further acquisitions. If you look at the last two-three months, all the stock markets are down, owing to a combination of factors,” he told Business Standard in an interview. “Probably we will wait and watch at the moment, and re-enter acquisition at a later stage once the macro environment