This company is stuck in a place where number of companies will quickly reduce and consolidate. Though operating in a large space, is sandwiched between GCCs, large ESPs, IT companies and some boutique firms. With DNA of onsite placement and subsequent acquisitions only becoming burden to the management bandwidth, this company will require a real game changer to be in consideration. Its primary investor is great, but the positioning is such that it requires a restart to be a significant player and it is anybody’s guess if restart is possible after making as many acquisitions as it has done. Mistral is one of the more value adding, but it needs to be seen how it gets integrated with completely different views/cultures of Axes Cades. I would consider only when I see an evidence of value creation on ground.
All the best.
| Subscribe To Our Free Newsletter |
