Interestingly, Mphasis chose to move slowly away from traditional application development or maintenance kind of projects as at that time companies who had a larger manpower resource pool coupled with low costs stood a better chance of winning deals. had to stand in queue and then had giants (like TCS) already bidding for these projects, wherein even if we got a project, it was a small one, said Rakesh. Mphasis currently gets 70 per cent of its business from BFSI and now HP contributes 26 per cent.

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