Nasscom appoints B.V.R. Mohan Reddy as new chairman

Nasscom has named B.V.R. Mohan Reddy, founder and executive chairman of Cyient, as its new chairman for fiscal year 2015-16. Reddy, a member of Nasscom’s executive council, will take over the post from Cognizant Technology Solutions’ executive vice-chairman R. Chandrasekaran.

The executive council also elected C.P. Gurnani, chief executive and managing director of Tech Mahindra as vice-chairman of Nasscom, the role held by Reddy.

Spelling out his priorities as the Nasscom chairman, Reddy said he will work with governments for their projects like Digital India, Smart Cities and Skill Development to bring about transformation in India using technology and making the body more inclusive.

Reddy said that Nasscom will also work with governments’ to support startups and will create entrepreneurial ecosystem for startups to flourish in India.

Also discussed was the agenda for the year which is to “move forward in the direction” to reach the IT sector’s $300 bn revenue target by 2020.

In February, Nasscom forecasted that software exports for financial year 2015-16 would grow between 12-14% to about $110-112 bn, lower than the 13-15% growth estimate it had for last fiscal. It has estimated the overall revenue for the IT sector to grow at 13% to $146 bn in the year to 31 March, 2015.

Nasscom said the domestic industry would grow 15-17% to reach $55-57 bn in 2015-16, led by e-commerce, government initiatives and technology adoption by industries.