CNBC-TV18 caught up with Sanjay Jalona MD & CEO and SN Subrahmanyam, President and Deputy MD of L&T Infotech and started by asking where they think the bulk of their business is going to come from going forwa. Jalona said the company has a good set of 250 plus customers. "We mine them." Talking about the L&T Infotech IPO Subrahmanyam said the move to go public is to give employees who have stock options a chance to realise them at some point in time. "That is one of the reasons why L&T is diluting L&T Infotech," he said. L&T, the engineering conglomerate, is selling 10 percent stake in its subsidiary L&T Infotech in the primary market. Subrahmanyam admits that as per SEBI norms, they are not where they ought to be. Jalona said that one can't worry about macro indicators. The focus for the company will be to drive quality of growth in top line and bottom line.
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