Economy and

Business
Strategy

Portfolio Strategy
The portfolio comprises of a selected mix of businesses that have differing risk profiles.
This enables a balanced and manageable level of aggregated risks leading to overall
growth of the Company year on year.

Complementing mature businesses with

growth-stage businesses
While the Group relies on mature businesses for cash
generation and steady growth, the focus is also on
seeding and scaling up new businesses which have high
growth potential, are tech-oriented, asset-light, and
deliver high financial returns.

Ge
ogr
ap
hic
all
y
div
ers
ifie
d
bus
ine
sse
s
India continues to remain the primary market for EPC
Projects, Hi-Tech Manufacturing and Financial Services
businesses. This is complemented by a focus on select
international geographies, i.e., Middle East, Africa and
ASEAN. The Americas and Europe would continue to be the
primary geographies for the IT services businesses.

Balancing the cyclical nature of the EPC

business through a portfolio of Services
businesses
To have a better revenue profile and improved
profitability, the Group intends to increase the share
of the IT&TS services businesses, while pursuing
growth in the traditional EPC Contracts and Hi-Tech
Manufacturing businesses.

Supplement
ing the
standalone
offerings
with
partnership
s
For Hi-Tech Manufacturing and EPC Projects businesses,
Integrated Annual the
Report 2022-23
22
Group has partnered with several large global process licensors
and technology licensors to improve the scope of business