Background: Cyient is a mid cap IT Company with FY15 revenues of INR 27.3bn specializing in engineering solutions, including product development and life cycle support, process, network & content engineering. With 12,094 employee's spread across 35 locations, Cyient caters to multiple industries & its clientele includes 22 Fortune 500 & 27 Global 500 blue chip organizations. Cyient established a 49:51 strategic JV with Pratt & Whitney for its associate aerospace engineering company. It operates in two segments: Data Transformation, Network & Operations (DNO) segment catering to utility, transportation & government verticals & contributes 35.2% of revenues while the Engineering (ENGG) segment addresses solutions in the engineering, manufacturing & industrial product verticals & contributes 63.6% of revenues. The company's business is spread across...