In June, the Senate approved the most far-reaching reforms to U.S. immigration policy in 50 years.

Chandrasekaran said TCS is "extremely engaged" in all the countries it is present in. "We will do anything that we need to do in order that we have a very effective and agile business model," he said.

Asked if clients had expressed concerns around these proposals that could impact cost and the model of delivery of services for Indian outsourcers, Chandrasekaran answered in the negative.

"There is no impact on client spend (because of the regulatory changes). They today understand the environment and are working with that...There is no finality...So we all have to wait to see how it (Immigration Bill) will proceed and take actions appropriately," he said.

Australia recently tightened its work visa programme with changes to the 457 visa programme (for skilled immigrants) that requires companies to prove that they have considered local hires and advertised in newspapers before sponsoring workers from outside of Australia.

Similarly, Canada is also taking steps to ensure that only genuine skill shortages are being filled by temporary overseas labor.

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