Tech Mahindra Plans for 30% to 40% Growth from Cybersecurity Business by 2021

India's leading IT company Tech Mahindra expects its cybersecurity business to grow in the range of 30-40 per cent, at least for the next three years, according to a senior company official.

“We are doing a very humble start even if we grow 30-40 per annum in our business of security. It is fair to estimate of what we can put on the ground,” Rajiv Singh, Senior VP & Global Head of cybersecurity unit of Tech Mahindra, said.

He was replying to query on growth and business opportunity that company sees in cybersecurity business.

Singh said that the growth is expected in cybersecurity division of Tech Mahindra every year over a period of next three years.

“You have to look at the CAGR, that can only go up when you have strong alliances. When I am talking about growth, I am talking about accelerating in the next 3 years. (In) next 3 years, (it) has to be accelerated,” he added.

The company recently signed partnership pact with security arm of Israel government-run Israel Aerospace Industries (IAI) to provide and develop the technical security solution for utility firms and critical infrastructure.

Under the partnership, Tech Mahindra plans to develop an internal capability to handle cybersecurity solution and further train people to grow business. “We want to first focus on that there is the right level of capability to handle cybersecurity challenge.