NTT Data aims to outpace Indian mkt growth by 100%
Business Standard|August 28, 2024
NTT Data, a $30 billion IT services and infrastructure company, aims to outpace the overall Indian market growth rate of 11-12 per cent.
SHIVANI SHINDE

In FY23, the Japanese firm recorded a growth rate of 17-18 per cent in India.

Avinash Joshi, chief executive officer of NTT Data India attributed the growth to the company's expanding client base of more than 3,000.

NTT Data has four key businesses: Technology solutions, data centres, infrastructure management, and applications.

Joshi heads the technology solutions, infrastructure management and application business. Shekhar Sharma heads the data centre business.

"In 2022-23 we grew our business in India and went up in terms of employee strength from 25,000 to 40,000. We also took the decision to merge our infrastructure and application business together, and formed NTT Data. As a result, we are now one group rather than different businesses," Joshi told Business Standard in an interview at the company's Mumbai office. NTT Data earned $30 billion in revenue in FY23: $11 billion from Japan and the balance, $19 billion from outside.

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