New Delhi: With its recent deal with public sector telecom operator Bharat Sanchar Nigam Ltd, Tata Consultancy Services’ focus is not on profit margins but on “nation building”, the IT services firm’s chief executive told Moneycontrol in an interview. .
“When considering the monetization aspect of the BSNL deal, there are two dimensions to consider. In the case of India, our vision goes beyond mere financial gains. We consider ourselves an integral part of the nation-building process,” K Krithivasan, CEO, TCS told the publication.
“So we believe if TCS can’t do it then someone else can. For some programs that no one else can do, we can’t ask if we’re making money as long as we’re not losing money,” he said in the report.
On June 1, Kritivasan took over from TCS’s former CEO, Rajesh Gopinathan. During his 33 years of service at TCS, Kritivasan has held various leadership roles in delivery, customer relationship management, large program management and sales.
In May, a TCS-led consortium won an advance purchase order (APO) worth Rs 15,000 crore from BSNL to deploy the telco’s much-awaited fourth-generation networks.
BSNL expects 20% increase in revenue with full commercial launch of 4G. In contrast, private telcos Reliance Jio and Bharti Airtel aim to achieve pan-India 5G coverage within a year from now.
The Union Communications Minister said at a recent industry event that the company is committed to the revival and growth of BSNL. “Our Prime Minister and the Government of India have stood as a rock behind BSNL and are absolutely committed to ensuring that BSNL grows and revives and becomes a very important market stabilizer,” Vaishnav said.
Last June, the Cabinet chaired by Prime Minister Narendra Modi approved the third revival package of Rs 89,047 crore. It also includes allocation of 4G and 5G spectrum through equity infusion. BSNL’s authorized capital will be increased from Rs 1,50,000 crore to Rs 2,10,000 crore. With this, the Center hopes BSNL will emerge as a “sustainable telecom service provider” that can provide connectivity to remote parts of India.