“India’s IT industry is expected to grow by about 70% within the next five years, climbing to a total annual revenue that’s somewhere between $300-350 billion, according to McKinsey,” Kyndryl’s Chairman and CEO Martin Schroeter said at the opening of the Bengaluru Tech Summit 2021. “The opportunities that this creates sit at the very foundation of Kyndryl and our roles as trusted partners to the people and enterprises here.”
Kyndryl
has inherited International Business Machines Corp.’s India business, including customers like Bharti Airtel, Maruti Suzuki, Honda Cars India, State Bank of India besides its recent win of Bangalore International Airport Ltd. The New York-based firm has an integrated global practice for customers, combining managed services, advisory and implementation where it competes with other global IT services providers like Accenture, Tata Consultancy Services, Infosys, Wipro among many others.
Schroeter is bullish on the prospects of India’s digital economy, going forward, given how the payments and internet ecosystem has grown over the past few years.
“Here in India, our customers manage every other phone call in India, and they underpin every other credit card transaction here,” he said. “We take the responsibility of our role in that society very personally. Kyndryl is pleased to be here and as an employer and as a partner to industry.” The firm has a significant part of its 88,500-strong employee base in India.
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Kyndryl is in the process of setting its own targets for renewable electricity and greenhouse gas emissions. It will also invest in technologies to drive reductions for its customer base here across the public and private sector.
“Through the cutting edge and innovative work we do in India, we are helping our customers transform industries and make a big impact on the betterment of society,” Schroeter said. “And we’re committed to doing our part as a responsible corporate citizen. So our stake in India is clear.”
