Conglomerate increases inorganic expansion as growth lever

During an interview conducted by Business Standard in Kolkata, the Chairman and Managing Director of the conglomerate stated that acquisitions are now a significant growth lever for the company. He noted that the firm is increasing its inorganic expansion, having completed six deals in nearly five years and recently announced a seventh acquisition of Happiest Minds Technologies, which is subject to regulatory approval. The company's strategy involves scaling up its core business while developing new growth engines through both organic and inorganic methods.

The shift toward using acquisitions as a primary growth instrument suggests a strategic effort to accelerate expansion and develop future revenue streams. This focus on inorganic growth could influence market dynamics within the conglomerate's sectors.