Tata Consultancy Services Limited (BSE:532540), Tech Mahindra Limited (BSE:532755), Kotak Mahindra Bank Limited (BSE:500247) and Mahindra & Mahindra Ltd. (BSE:500520) are looking for potential acquisition opportunities. Natarajan Chandrasekaran, Chief Executive Officer and Managing Director of TCS said, “Our strategy for acquisition is more to do with buying the right company, as we look for strategic acquisitions, we are not for buying companies for revenues. So, it will not depend on how much cash we have and it will rather depend on whether we find some strategic assets.” We are always on the lookout, but anything like this would most likely be outside India, he added.

Vineet Nayyar, Vice Chairman of Tech Mahindra said that acquisitions were a way of life and a part of business growth. "Either you grow organically or inorganically. But it cannot be a major milestone in any fashion.

These decisions are similar to multiple business decisions that the management takes. There are always possibilities, but they would lead to what and when that we don't know. So, at times it could take months and it can take even two years.

Nothing can be said." "Organically everything is going great and we are hopeful that we will get the expected results," he added. Uday Kotak Executive Vice-Chairman and Managing Director of Kotak group said, "I am very open if I get the value. In non-banking businesses also, we are always open to acquisitions at right value and right time.”