Market opportunity in India is promising; Mergers not resulting job cuts: Dell-EMC

Newly merged hardware and storage provider Dell-EMC has said that market opportunity in India is really promising. The company also asserted that it does not see any job cuts in the country due to mergers.

President, Enterprise Business, Rajesh Janey while asked about the domestic impact of the recently announced job losses said, "Currently in my knowledge, their has been no change. I am not aware of India-based anything being brought to me."

"If the market opportunity is this huge, which means customers want us and the more solutions coming in, it is hard to imagine you will be cutting down your customer engagement force," he added.

Post their USD 67 billion merger, the combined entity called Dell Technologies has confirmed to job losses but has not specified a number.

Janey said the company is looking at the country both as a market for its products and services, and also as an research and development hub. It also has a manufacturing facility near Chennai.

When asked about any setback on the R&D jobs, Janey replied negatively. He said there is no product overlap between the two companies, hinting that each unit will continue on its individual research efforts and added the products play a complementary role to each other.

Both the companies have presence in the country for long. While EMC used to employ 6,000 people, Janey refused to disclose the number of people at Dell.

He said India will be third largest by number of employees for the combined entity, Dell Technologies, that has strength of 1.40 lakh people.

India is also the fastest growing market when it comes to revenue growth, he said, adding that Dell-EMC had a market share of 40 per cent in both storage and all-flash drives category last quarter.

Janey acknowledged that customers' shifting to cloud-based services, rather than having storage on the premises is a "reality", but said having a hybrid model combining both will be sought after by the market.

He said the company already serves cloud infrastructure providers and added that one of the sister companies already serves this opportunity.

Even though a slew of global electronic manufacturers are making announcements of setting up a base in the country, Janey declined to answer a question on this saying no strategy has been finalised yet.