Below is the transcript of CNBC-TV18's interview with Paul Hermeline, the global chief of the global technology firm Capgemini discussing the company's roadmap hereon.
Q: Our last conversation was in 2010 and the world has changed since then?
A: Absolutely. We overcame some problem in Europe with the euro crisis. Things are now looking better, but still some progress to make.
Q: India continues to be one of your fastest growing markets. In fact, the Asia Pacific region continues to drive growth for Capgemini growing at a rate of 12 percent and I understand India is actually outperformed the region. What is your sense about being able to sustain the kind of growth rates that you have seen in India?
A: The company has invested heavily in India. We are now very significant here with close to 50000 people of the total of 1,30,000 employees. However, we are a new player in the Indian IT domestic market. We have done well last year. We grew by close to 40 percent in the domestic market but we are still dwarf compared to some big players here like TCS or IBM.
However, we have done well. So, it was a good year and we are happy to have vibrant Indian platform be it to service the western clients or to service the local clients.
Q: In our last conversation, you talked about how you continue to have big aspirations for India but you were still much smaller in comparison to your peers whether global giants like IBM and Accenture as you mentioned or even some Indian technology companies. What is holding your aspirations back in India. I know you have grown in headcount, you continue to register pretty strong growth in India but if I were to compare your journey with some of your peers, what is holding Capgemini back in India?
A: Today in terms of percentage of employees, we are at the same that an Accenture or IBM Global Service. We have 70 percent of our external revenue with clients from Europe. So, in terms of proportion as a European originated company we are probably miles ahead. What is kind of limiting a little bit us is the level of adoption of Indian sourcing in Europe. Things are getting better.
The percentage of our work that we work from offshore location is 44 percent. However, it is close to 70 percent in the US and it is little less than 20 percent in France. So, the average is 44 percent which looks average if not mediocre. However, when I look at geographical mix, I know for a fact that being born in France I will give you a strange figure but as a number one European player we have 7 times more Indian colleagues than the number two which is Atos. That is a crazy figure because the number two European player is just 20 percent smaller than us but they have 7 times less Indian colleagues than we have.
So, as a European player we really are at the forefront of Indian sourcing and innovation but we pay the price of being may be a little too European.
Q: I want to ask you about upping your India head count because you said that you have closed 2013 close to 50000 employees. Given the fact that you anticipate growth in India to continue to be strong and you believe that the Indian market and I am quoting your own press communication is "a dynamic market driven by dynamism", what kind of a head count can be expect in the near term as far as your India operations go?
A: I would first speak of the total offshore, that includes people from Argentina, Morocco. So, today it is 44 percent of the total group employee and that percentage increases by 3 point every year.
So, it was 41 percent in 2012, 43 percent in 2013, we will probably get to 47 in 2014 and we will reach half of our head count in 2015.
Now, India is more then 80 percent of that. In India today we tend to budget a growth of 14-15 percent. So, we will grow like the good Indian players, its no longer the 20-30 percent but 15 percent growth rate looks within reach.
For full interview, watch video.
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