India, Sept. 22 -- Mphasis Ltd has stated that the recent U.S. proclamation and memorandum introducing a one-time US$100,000 fee for each new H-1B visa petition is not expected to have a significant impact on the company's financials or operations. The company noted that it maintains a low H-1B filing volume, with only around 130 new filings in 2025, of which 78 approvals have been received to date.
The company highlighted that its focus on AI-led deals has strengthened system resiliency, while ongoing efforts to reduce dependence on visas through local hiring, acquisitions, and partnerships have further mitigated risk. Mphasis affirmed that it is fully staffed to meet existing client requirements and will continue operations in a business...