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IBNLive Chat: 'FBT on ESOPs unnecessary'
Published on Fri, Feb 15, 2008 at 17:08, Updated at Tue, Feb 19, 2008 in section
Tags: Union Budget 2008, Young India
NO FBT, PLEASE: Dr Anil Gupta, COO, Aditi Technologies, wants FBT to be scrapped this Budget.
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Suraj Ray: As your company's revenue comes mainly from the US, do you think US recession will affect your sustainability in India?
Dr Anil Gupta: Suraj, it is good to have diversification of revenue by geography, but it is far more important to have satisfied customers and employees.
Kashyap: Does Aditi plan to develop any product like Talisma again?
Dr Anil Gupta: Kashyap, Stay tuned!
Adhiraj Badyal: Do you think that the captive setups adopted by more and more MNCs may eventually impact the bottomlines of Indian service providers?
Dr Anil Gupta: There is no evidence that the proportion of work done by captives has increased. In any case, most large companies adopt a dual approach that includes captives and outsourcing. I do not see this as a challenge.
Puneet120: Considering the present scenario, there are many companies firing their employess. Is Aditi Tech also considering to take such steps in the near future?
Dr Anil Gupta: Puneet, throughout history, companies have focused on retaining top employees, and on helping marginal employees be more effective. When this does not succeed, it can lead to the employee being asked to leave. To the extent the company has been fair about the process, there is nothing wrong with this. This has nothing to do with present scenario. Even in the best of times, companies need to focus on talent management.
GajendraMoond: Agriculture is one of the most ignored sector from the private firms' point of view. Can't we synthesize our IT with agriculture industry to uplift the poor farmers and hence the nation? Is there any way to make a foray into such a field and have a win-win both for IT and agriculture?
Dr Anil Gupta: Good question, but I do not know enough to answer this question.
Sandeep: In India, companies are not inventing in R&D work. They are fully dependent upon US for this. And that is why IT employees in India are always getting back office or support work mostly. So expecting from those guys to design something new, how much of it is justified?
Dr Anil Gupta: Sandeep, This is a good question. I am confident employees in India are capable of doing good R&D and many are already doing so. However, a material increase will require more skills training and management focus. This is entirely possible, but will take focus and time.
Dev: Are there any plans for Aditi to merge with Talisma again?
Dr Anil Gupta: Dev, no such plan.
Vipul: With recession and appreciation of rupee to continue for sometime, don't you think Indian companies should look towards exploring other markets big time now?
Dr Anil Gupta: Vipul, absolutely. And Indian IT companies are very much doing this by focusing on Europe and other countries in Asia.
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