Mumbai: Satyam Computer Services Ltd is concentrating on mounting its earnings from European as well as Asian markets, and is looking at developing both geographically plus through acquirements. Rising verticals including energy and utilities, retail, media and entertainment and travel, transport & logistics will be its key growth drivers in the worldwide foray.

Keshab Panda, head-energy & utilities and Europe operations, Satyam, said, “The market for these four verticals is more than $100 billion each and Satyam is all set to cash in on the huge opportunity available in these verticals.”

Presently, these four verticals bring in about 15-16% to the company’s total proceeds.

“We are investing in creating competency in these four segments and hiring quality employees rapidly,” said Panda.

Simultaneously, Satyam is looking for acquirements in the consulting space. Satyam is also open to adopt the inorganic growth path in order to gain access to new geographies in these four verticals.

Panda, who is optimistic on Europe and Asia, said that both the markets will contribute importantly in the growth of theses above mentioned verticals.

Declining to provide any information on its growth plans in Europe, Panda discovered that the company has recently signed up two contracts worth $55 million in Europe and will be announcing new deals, which the company is on the brink of finalizing shortly. All these transactions will add to the growth of company's earnings from Europe in the next year. The company is also establishing a low-priced development centre in Russia.

“We are at present exploring possibilities in Russia, Spain and Poland to set up development centres, of which one will be finalised soon,” adds Panda.

Announcing that the company has thus far no affect of the depression in US as its direct exposure to the subprime mortgage loaners is insignificant and to the mortgage segment all together is below 1% of the company's income.

“We are focusing on de-risking strategy, and are now looking at de-risking the company geographically, technologically, vertically and de-risking it customer wise. Hence, we are spreading across geographies, increasing presence in new verticals and also reducing our dependence on our top clients,” said V Srinivas, CFO of Satyam.