Regulator readies for India

Date : 03-07-2012

Director of boutique outsourcing advisory firm Mindfields, Mohit Sharma, said Australian financial services organisations such as banks and insurance companies had increased overseas outsourcing in the past 10 years, so it was a prudent step from APRA to visit captive centres and outsourcing vendors.

“Such visit would induce confidence and enforce transparency between APRA, Australian organisations and vendors. APRA should have a comprehensive onsite review of past, current and future strategies of Australian organisations, captives and vendor organisations”, Mr. Sharma said.

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Infosys buys Portland for $37 million

Date : 04-01-2012

Mohit Sharma, Director of vendor agnostic outsourcing and corporate advisory firm Mindfields Consulting, described the deal as a strategic acquisition of a premium skill set that would also provide Infosys with an opportunity to sell its other services to new clients.

“In the procurement space, you need to have a local presence but most of the work can be sent offshore. Portland has small offshore centres but they were not as cost effective as Infosys because of their size”, he said.

Mr. Sharma also viewed that there was high demand for premium intellectual property assets in low-cost markets that were still evolving.

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Profitable passage to india

Date : 17-05-2011

When Australian businesses started to cast their eyes towards India a decade ago, the subject of sending chunks of their technology work offshore was hugely controversial. It was in this environment that Mohit Sharma first began to make strides in a career that has been forged out of being an intermediary between the Australian market and the growing Indian mass.

Working for consultancy firms Deloitte, PricewaterhouseCoopers and Ernst & Young, he was instrumental in helping some of the biggest names in Indian technology set up in Australia. He advised on a number of local acquisitions, including one in the banking space for a top tier one Indian IT vendor which has since multiplied more than 12 times in value.

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Caution follows takeover of Satyam

Date : 15-04-2009

Major Australian customers of Satyam Computer Services are maintaining a watching brief on the scandal-plagued outsourcer, despite an announcement that BT-backed Tech Mahindra would acquire a controlling stake in the business. Satyam’s largest Australian customers were assessing the implications of Tech Mahindra’s bid but it is expected to be weeks before the companies reach a firm position.

Mohit Sharma, Director of Sydney-based independent consultancy Mindfields, said the bid for Satyam would make Tech Mahindra India’s fourth largest computer services company. He said it would also dramatically expand the company’s reach into new industries.

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