IT Giant Tech Mahindra Expects Major Growth in Cyber Security Business

Indian IT company Tech Mahindra is preparing for significant growth in its cyber security business within the next three to four years.

How much growth, exactly?

“We are doing a very humble start even if we grow 30-40 per annum in our business of security. It is fair estimate of what we can put on ground,” says Rajiv Singh, Senior VP & Global Head of Tech Mahindra‚Äôs cyber security unit.

According to Singh, a key contributing factor to his predictions is the strong partnerships Tech Mahindra has with major players in the business.

One such partnership is with the security sect of the government-run Israel Aerospace Industries (IAI), which develops and delivers technical security solutions for Israeli utility firms and infrastructure. Tech Mahindra assists with cyber security developments as well as personnel training.

“We want to first focus on that there is right level of capability to handle cyber security challenge. We will focus on skilling. We may start, let’s say with about 100 people internally and then they will go out and train the trainers,” explains Singh.

As for other opportunities, Tech Mahindra is looking locally at the Indian market as well as additional markets in the U.S., U.K., Europe and Asia Pacific region.

Globally, the cyber security market is expected to grow from a $20 billion to nearly $100 billion within the next four years – and Tech Mahindra is ready to grow along with it.

 

Sources: Business Today, Tech Mahindra, IAI