Top picks: TCS, Mphasis, L&T Tech, Zensar and Majesco Indian IT has hit refresh with reinvention across multiple tech cycles and is now tuned to the all-encompassing and ubiquitous Digital shift. Initial success in transitioning to a new business model is evident in growth leadership vs. global peers (who led the cycle). We believe that even as digital portfolio and industry penetration is maturing, Indian ITs investments (re-skilling, platforms & partnerships, acquisitions) will open up a larger addressable market with better pricing power.