kyndryl india, kyndryl ibm, kyndryl listing, lingraju sawkar, kyndryl india president, india it industry
ETtech

Kyndryl’s India President Lingraju Sawkar.

Mumbai | Bengaluru: Kyndryl, a spinoff of IBM Corp.’s managed infrastructure business, sees itself on a strong footing in India with double the market share compared with its closest rival in the country, a top executive said.
Kyndryl Inc. listed on New York Stock Exchange on Thursday, boasting of $19 billion in annual revenue and an addressable market opportunity of $510 billion by 2024.
“We were a sizable part of IBM in India, as global technology services, and we are starting with almost double the market share of the next player (in India). Traditionally we were looking at the market from an IBM technology lens but now we see the opportunity to partner with application system integrators and startups,” Kyndryl’s India President Lingraju Sawkar told ET.
The company is organised into six global practices: Cloud; core enterprise and zCloud; applications, data and Artificial Intelligence; digital workplace; security and resiliency; and network and edge solutions. Kyndryl starts with a 90,000-strong global employee base, including a significant headcount in India.
“India is a very significant talent and innovation base for Kyndryl. Apart from India being a significant market opportunity for which we are market leaders, there’s a significant amount of research and innovation base that happens for keeping globally from India, servicing clients across (the world),” said Sawkar, who was previously general manager of IBM Global Technology Services for India/South Asia.
The company will focus on high value areas such as security, cloud, disaster-recovery capabilities and data protection, which it says would help it derive increased turnover and higher margins.

STARTUP ROCKSTARS IN 2021

Sign-in to see our list of the most promising startups of 2021

kyndryl india, kyndryl ibm, kyndryl listing, lingraju sawkar, kyndryl india president, india it industry

“Whatever industrial transformation happened in the last 100 years, the next 10 years is just too little to get them done and that’s the pace at which clients want to move. The second area is within that space itself on accelerated automation,” said Sawkar. “I see the whole mix of these capabilities and the technology play as well as market visibility being the main growth driver for revenue and margin.”
Kyndryl will inherit the IBM business including customers such as Bharti Airtel, Maruti Suzuki, Honda Cars, State Bank of India besides its recent win of Bangalore International Airport Ltd.
Kyndryl has an integrated global practice for customers, combining managed services, advisory services and implementation where it competes with other global IT service providers like Accenture, Tata Consultancy Services, Infosys and Wipro. “The addressable market we now see is close to $510 billion by 2024. This is coming from a combination of things … cloud and hyperscalers, partnerships with application service providers and working with startups,” he added.
Even for the Indian small and medium enterprises market opportunity, Kyndryl is extending partnerships with the startup ecosystem and niche application players, helping them go to market, he said.
“We would partner with organisations who can give them that capability and bring it across in a manner that is effective,” he said. Cloud migration, data grid and security are among the strong tailwinds that Kyndryl hopes to leverage in the competition for new business.
Sawkar stated that as Kyndryl, the company has moved to a flat organisation structure eliminating multiple decision points. It is also hiring extensively.
“The exciting opportunity that we can provide to a talent is multiple technologies, industries, client complexities and platforms. And the peer group of master inventors, distinguished engineers, technologists, and for all of that India is one of our biggest pieces of technology,” said Sawkar.
About 70% of Kyndryl’s talent base is in the areas of automation, cloud capabilities of analytics and digital technology. “We are a $19 billion growing startup,” he said. “I’ve had a great career in IBM and I want to make sure that at Kyndryl India I’m able to provide great career opportunities.”

TECH NEWS RELATED

Hey Google, here’s a blueprint for a Pixel smartwatch to rival the Apple Watch

Can we get a good Wear OS smartwatch, finally?

View more: Hey Google, here’s a blueprint for a Pixel smartwatch to rival the Apple Watch

Russia files court cases for fines on annual turnover of Google, Meta

ReutersRussia’s state communications regulator Roskomnadzor has filed cases against U.S. tech firms Google and Meta that could see fines imposed on their annual turnover in Russia, a Moscow court said on Friday.Roskomnadzor in October threatened both Alphabet’s Google and Meta’s Facebook with fines based on a percentage of their annual ...

View more: Russia files court cases for fines on annual turnover of Google, Meta

US challenges Nvidia takeover of chip designer Arm

Nvidia had hoped the deal would be completed by March 2022 but that now looks unlikely The US Federal Trade Commission has challenged the proposed takeover of chip designer Arm by Nvidia. The FTC said the proposed acquisition would give Nvidia too much control over computing technology that competitors ...

View more: US challenges Nvidia takeover of chip designer Arm

ETtech Deals Digest: Curefit, EatClub Brands raise funds

ETtech Illustration: Rahul Awasthi Health and fitness platform Curefit and cloud kitchen startup EatClub Brands were among the companies that raised funds this week.Curefit raises $145 million in fundingCurefit Healthcare Pvt. Ltd., which operates fitness platform Cultfit, raised $145 million in a funding round led by food delivery company Zomato.Accel, ...

View more: ETtech Deals Digest: Curefit, EatClub Brands raise funds

Motorola Edge S30 Spotted on US FCC Listing, AnTuTu Benchmark; Battery, Charging Specifications Tipped

Photo Credit: Weibo/ Digital Chat Station Motorola Edge S30 (pictured) is said to be similar to the Moto G200 in terms of design and specifications Motorola Edge S30’s launch seems imminent as the smartphone has been spotted with a US Federal Communications Commission (FCC) listing. It shows the upcoming ...

View more: Motorola Edge S30 Spotted on US FCC Listing, AnTuTu Benchmark; Battery, Charging Specifications Tipped

Global Smartphone Shipments to Grow 5.3 Percent in 2021 Despite Supply Chain Issues: IDC

Photo Credit: Pexels Component shortage situation may not improve until mid-2022, says IDC Global smartphone shipments will grow 5.3 percent year-over-year (YoY) by the end of 2021 despite supply chain issues, as per a forecast by International Data Corporation (IDC). In its latest report, the market research firm has ...

View more: Global Smartphone Shipments to Grow 5.3 Percent in 2021 Despite Supply Chain Issues: IDC

Google Unwraps Festive New Android Features

Family Bell, Emoji Kitchen, New Widgets, and enhanced App permissions have been added to the mobile OS.

View more: Google Unwraps Festive New Android Features

U.S. trade agency backs proposed EV tax credit despite Mexico's objections

Electric cars sit charging in a parking garage at the University of California, Irvine January 26, 2015. REUTERS/Lucy Nicholson/File Photo Register now for FREE unlimited access to reuters.com Dec 3 (Reuters) – The U.S. Trade Representative's office said on Friday it was committed to legislation strengthening the U.S. electric ...

View more: U.S. trade agency backs proposed EV tax credit despite Mexico's objections

Businesses more at risk to ransomware attacks during holiday period: Darktrace

Raspberry Pi OS (Legacy) Launches to Offer Long-Term Stability

Forests offer minimal protection against major flood events

Software optimizations make variant calling 8 to 16 times faster for genome sequencing

Mimicking a human fingertip's sensitivity and sense of direction for robotic applications

Egg-carton-style patterning keeps charged nanoparticles in place and suitable for a wide range of applications

Novel two-step mechanism revealed in two-dimensional material formation

'Pokémon Go' can now run on iOS at higher frame rates

Google Pixel Watch release date might be closer than ever

Google Photos Locked Folder Feature Starts Arriving for More Android Smartphones

Facebook’s struggle with Gateway Pundit highlights challenge of containing disinformation

re:Invent 2021 - AWS emphasizes service packaging and usability over raw infrastructure

OTHER TECH NEWS

;