The Economic Times (2 April 2008)
Disappointed
It is good to know that iGate Corporation is focused on accelerating its growth and to benefit all its stakeholders (‘IT industry needs new business models’ : Interview with Phaneesh Murthy, April 01). Shareholders of iGate Global Solutions, remained invested throughout the re-structuring, as they were confident of Mr. Murthy's capabilities. However, the investors
were somewhat disappointed, as iGate de-listed from stock exchanges in India at relatively cheap valuations, at a time, when it was clearly visible that the worst was over & there were better times ahead for iGate. That's why, Mr. Murthy's views regarding his intentions to benefit all its stakeholders seemed quite contradictory.
Ketan R. Meher
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