Mahindra Satyam is eyeing buy outs in BFSI, manufacturing and infrastructure management space.

“There is more than one candidate short-listed. We are looking for acquisitions in US, Europe and Latin America,” Mr Vijayanand Vadrevu, Senior Vice-President (Strategic Initiatives) of Mahindra Satyam said.

“Business leaders have been pitching for acquisitions to strengthen certain verticals such as infrastructure management,” Mr A S Murty, Chief Technology Officer, told Business Line .

The real trigger would come when the merger between Mahindra Satyam with Tech Mahindra happened. The present run rate (quarterly income multiplied by four to arrive at an indicative revenue for the whole year) of the two firms is at $2.2 billion with a total workforce of 75,000. This would help the firm when it pitched for larger-sized deals, he said.

For one, remote infrastructure management team would be around 5,000 when combined.

Answering a query on sustenance of revenue growth in the analyst call later, Mr Vijayanand said the visibility in the short-term looked so. But there was a concern with regard to progression of large deals, particularly from Europe.

Geographical mix

European Union continued to grow at 3 per cent quarter on quarter despite “headwinds in the region”. The Americas grew by 7.2 per cent. Top-5 customers grew by 5 per cent, while top-20 went up by 6 per cent quarter on quarter.

“The growth vindicated our plan for transformation of the company. We have a three dimensional approach of focussing on existing customer base, technology and innovation and business agility,” Mr C P Gurnani, Chief Executive Officer, said.

Mr Gurnani said the subsidiaries had started contributing to both topline and bottomline.

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