India’s Cyient to Exit Units Offering Low Returns in 2022

Top official says Covid-led tech solutions to drive growth
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Cyient MD & CEO Krishna Bodanapu discusses earnings momentum and business strategy. He was speaking with Haslinda Amin and Rishaad Salamat on “BloombergMarkets: Asia.”

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By Ganesh Nagarajan

January 24, 2022 at 6:34 AM UTC

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Cyient Limited, an Indian engineering and technology solution provider for more than two dozen Fortune 500-companies, plans to sell stakes in units that are underperforming.

“We are aggressively considering what makes sense in our portfolio,” Cyient Managing Director Krishna Bodanapu said in an interview to Bloomberg TV on Monday. “We are a bit complex and one of the objectives for this calendar year is to simplify things and divest out of businesses that do not make sense for us.”