Team siliconindia

• Cognizant hires top consultants from PwC, Deloitte, and EY to strengthen its India-based M&A team.
• Timothy Crowhurst, who led 30+ deals since 2017, exits the company.
• Focus shifts to inorganic expansion amid slowing organic growth in the IT sector.

Cognizant Technology Solutions (CTSH) is ramping up its mergers and acquisitions (M&A) capabilities in India, hiring seasoned consultants from leading firms including PwC, Deloitte, and EY. The strategic recruitment drive is aimed at accelerating the company’s inorganic growth as the IT sector grapples with sluggish organic revenue expansion.

The move comes amid challenging market conditions, with increased competition and signs of market saturation prompting IT firms to seek growth through acquisitions. Cognizant’s expanded M&A team will focus on identifying and executing strategic deals to strengthen the company’s market position and enhance its portfolio of services.

Industry experts believe that tapping into the expertise of professionals from top consulting firms will bring fresh insights and robust deal-making experience to Cognizant’s operations in India, a key growth market for the company. The new recruits are expected to play a crucial role in spotting acquisition opportunities that align with the company’s long-term objectives and drive sustainable revenue growth.

Also Read: Cognizant Q1 Net Income Rises 21.4 Percent

This shift in strategy coincides with the departure of Timothy Crowhurst, former Goldman Sachs managing director and head of Cognizant’s M&A division. Crowhurst, who joined the company in 2017, led more than 30 transactions during his tenure. His exit marks a notable leadership change as Cognizant looks to inject new talent and perspectives into its deal-making approach.

By bolstering its M&A muscle, Cognizant is positioning itself to capitalize on market opportunities, expand its geographic footprint, and diversify its offerings. The strengthened India-based team is expected to be a key driver in executing this vision, helping the company navigate industry headwinds while pursuing sustained growth.