Latest news with #SathishkumarS
Mint
3 days ago
- Business
- Mint
Mid-cap IT companies set to outpace larger peers in Q1
India's mid-sized IT services firms, with annual revenues between $1 billion and $5 billion, are expected to outgrow their larger peers in the first quarter of FY26, driven by large deal wins, limited exposure to tariff-hit sectors, and better adoption of Gen AI. Companies, including LTIMindtree Ltd, Mphasis Ltd, Coforge Ltd, Persistent Systems Ltd, and Hexaware Technologies Ltd, are expected to report a sequential revenue growth between 0.6% and 9% for the three months ended June, according to at least five brokerages. In contrast, larger players like Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, and Tech Mahindra are expected to grow around 3.5%. Wipro is likely to report up to a 2.5% decline due to weak European demand and subdued client spending. Infosys is expected to outperform its top peers. Coforge is expected to lead the midcap pack, buoyed by its $120-million annual contract with Sabre Corp., signed in March. Persistent Systems is projected to post 4.1% sequential growth, Kotak Institutional Equities said in a 30 June note. 'We believe that the quarter will be a mixed one, with mid-tier IT services companies reporting strong growth, while large IT companies and ERD (engineering, research and development) names will disappoint," said Kotak Institutional Equities analysts Kawaljeet Saluja, Sathishkumar S, and Vamshi Krishna. 'Smart deal structuring, share gains and favorable portfolio (low manufacturing exposure) will drive strong growth for mid-tier, with Coforge (+6.4% qoq) and PSYS (+4.1% qoq) leading the way," said the Kotak analysts. PSYS refers to Persistent Systems. Mid-caps capitalised on their ability to shape large deals and get higher revenue from banks and financial institutions. 'Key reasons for this outperformance of mid-caps vs. large-caps include: 1) the ability to proactively shape large deals and quickly tap into high-growth areas; and 2) a larger revenue share from the BFSI vertical, which seemingly is not as singed by the tariff-led macro friction," said ICICI Securities analysts Ruchi Mukhija, Aditi Patil, and Seema Nayak, in a note dated 1 July. Building momentum Analysts' optimism in mid-cap tech service providers comes on the back of stronger performance last fiscal year. Five of the country's eight mid-caps earning between $1 billion and $5 billion reported double-digit revenue growth last year, led by Coforge, which reported a 31% jump in revenue. This was in contrast to the top five, which reported a growth of 4.3% at best. Mid-cap companies scored big on deals wins, which eluded their larger peers in FY25. LTIMindtree landed its largest contract with US-based food processing and commodities trading company Archer-Daniels-Midland Co. (ADM) in May, while Coforge secured the Sabre deal in March. Leadership stability has further helped the mid-caps shine. CEOs at Coforge, Persistent, and Hexaware have each been in their roles for over five years, having previously worked at larger peers they now outperform. In contrast, TCS, Wipro, and Tech Mahindra have all seen recent leadership changes, with new CEOs serving for less than two years. Faster integration of GenAI is also giving mid-caps an edge. As reported by Mint on 7 May, these firms are more adept at embedding GenAI into services agile teams and better ability to change their business processes to clients' needs. Meanwhile, engineering R&D firms are bracing for a challenging quarter. At least two brokerages expect each of the ER&D firms including L&T Technology Services Ltd, Cyient DET, KPIT Technologies Ltd, Tata Elxsi Ltd, and Tata Technologies Ltd, to report a sequential revenue decline. These companies rely on business from carmakers. 'Auto ER&D are likely to face the brunt of tariff-led pauses," said JM Financial analysts Abhishek Kumar, Nandan Arekal, and Anushree Rastogi, in a note dated 30 June. The analysts added that these companies reflected 'elevated levels of uncertainty in their demand outlook." A tariff war sparked by US President Donald Trump has impacted companies and supply chains across sectors. Higher tariffs have made it tougher for companies, including car makers, to source raw materials for their businesses. A double whammy for global carmakers comes from cheaper Chinese vehicles, which are eating their market share.
Hans India
23-06-2025
- Sport
- Hans India
SAI officer awarded UK Chevening scholarship
New Delhi: Sathishkumar S, a young officer from the Sports Authority of India (SAI), has been awarded the prestigious Chevening Scholarship by the UK Government for the 2025-26 academic year. He will pursue a master's degree in Sports Management, Politics and International Development at the globally renowned Loughborough University. Currently serving as Deputy Director at SAI's Bengaluru Regional Centre under the Ministry of Youth Affairs and Sports, Sathishkumar's selection holds significance as India looks to host future editions of the Commonwealth and Olympic Games. The next Commonwealth Games are also scheduled to take place in the UK, which aligns perfectly with his academic focus. Hailing from Mela Ammanur, a small village near Thiruthuraipoondi in Tamil Nadu's Thiruvarur district, Sathishkumar is the son of retired headmaster Shanmugam and retired nurse Pakkiriyammal. His journey from rural roots to international recognition is a story of determination and public service. He joined SAI in 2017 and has since played critical roles in over 10 editions of the Khelo India Games. He was deputed as an official observer for India at major international sporting events, including the Paris Olympics and the Birmingham Commonwealth Games.
India Gazette
22-06-2025
- Sport
- India Gazette
SAI officer awarded UK Chevening scholarship amid India's push for Global Sporting Stage
New Delhi [India] June 22 (ANI): Sathishkumar S, a young officer from the Sports Authority of India (SAI), has been awarded the prestigious Chevening Scholarship by the UK Government for the 2025-26 academic year. He will pursue a Master's degree in Sports Management, Politics and International Development at the globally renowned Loughborough University. Currently serving as Deputy Director at SAI's Bengaluru Regional Centre under the Ministry of Youth Affairs and Sports, Sathishkumar's selection holds significance as India looks to host future editions of the Commonwealth and Olympic Games. The next Commonwealth Games are also scheduled to take place in the UK, which aligns perfectly with his academic focus. Hailing from Mela Ammanur, a small village near Thiruthuraipoondi in Tamil Nadu's Thiruvarur district, Sathishkumar is the son of retired headmaster Shanmugam and retired nurse Pakkiriyammal. His journey from rural roots to international recognition is a story of determination and public service. He joined SAI in 2017 and has since played critical roles in over 10 editions of the Khelo India Games. He was deputed as an official observer for India at major international sporting events, including the Paris Olympics and the Birmingham Commonwealth Games. He currently oversees training, logistics, and support for several Indian national teams based in Bangalore. Sathishkumar's Chevening selection is expected to further enhance India's sporting diplomacy and governance, especially as the country expands its ambitions on the global sporting map. (ANI)
