Nykkos Technologies

This is an option for our customers. As the R & D setup built by us, for our customers starts contributing significantly, the dependency of our customer increases. The greater the value we add, more the dependency. There is an inflection point beyond which our customers typically like to have full control and benefit of the business value created by us. We foresee this scenario and believe it is natural for our customers to desire to own the setup we build for them. Also, during steady state with less growth, the opportunity for us to add value reduces compared to BUILD phase.