As for hiring during the ongoing slowdown, he said his company was looking at 'a balance' of domestic and international recruitments.

TCS recruited 18,000 professionals last year.

'Last year in India, TCS hired 18,000 professionals and those people will be joining from the third quarter this fiscal,' Ramadorai said.

Asked about fresh acquisition plans, he said organic growth would drive the company's future strategies. 'We make very strategic acquisitions.'

Last year, the company acquired Citigroup Global Services, the India-based business process outsourcing (BPO) division of Citigroup.

Earlier, in his address at the seminar, Ramadorai said TCS would remain focused with its investment and expansion plans in Latin America and Europe as it envisaged 'much room to grow' in these markets.