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Dotcombust, Lehmancrisis were far worse than current challenges

Bengaluru, August 4: It has been four months since Rostow Ravanan, took over as MD & CEO of Mindtree from KK Natarajan. Ravanan, who was the CFO of Mindtree believes that the company can hit the billion dollar mark by end of 2018 fiscal (in March 2016, it had revenues of $700 million), driven by momentum in renewing existing and new business. He spoke to BusinessLine on the kind of challenges that mid-sized companies face in the backdrop of global business volatility, which resulted in a weak first quarter and a soft guidance for the next quarter and how they different sets of challenges facing the Indian IT sector.

Q: What are the things you are working on since you took over as CEO?

Starting from January we met our largest customers and one of the things that was striking is the amount of goodwill our company commands in the market. There are a lot of exciting shifts happening in the market. There is a noticeable change as market is evolving, along with technology and clients are getting sophisticated in the way they approach outsourcing deals. Every week, two large customers are visiting us and it is resulting in new ideas and some kind of differentiated offering.