Company: G
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001398659-25-000035
Chunk: 64

Company: Genpact LTD
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1A
Chunk 64
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. Finally, our hedging policies only provide near term protection from exchange rate fluctuations. If the Indian rupee or other currencies in which we incur expenses appreciate against the U.S. dollar, we may have to consider additional means of maintaining profitability, including by increasing pricing, which may or may not be achievable. See also Item 7—“Management’s Discussion and Analysis of Financial Condition and Results of Operations—Overview—Net Revenues—Foreign exchange gains (losses), net.” 

Restrictions on entry or work visas may affect our ability to compete for and provide services to clients, which could have a material adverse effect on our business and financial results. 

A portion of our business depends on the ability of our employees to obtain the necessary visas and work or entry permits to travel to and do business in the countries where our clients and, in some cases, our delivery centers, are located. In response to events such as terrorist attacks, the COVID-19 pandemic, global unrest and political rhetoric, immigration authorities generally, and those in the United States in particular, have increased the level of scrutiny in granting and extending or renewing visas. If further terrorist attacks occur, global unrest intensifies, or nationalistic political trends continue, then obtaining, extending or renewing visas for our personnel may become more difficult. Additionally, in light of the current U.S. presidential administration's immigration agenda, there is increased uncertainty surrounding U.S. immigration policy, including with respect to work visas and temporary work authorizations. Our operating subsidiaries in the U.S. use skilled workers holding H-1B and L-1 visas, and we expect that it may become more expensive and time consuming to utilize existing U.S. visa programs for the foreseeable future.

Local immigration laws may also require us to meet certain other legal requirements as a condition to obtaining or maintaining entry or work visas. Countries where our clients are located, including the United States, may through legislation or regulation restrict the number of visas or entry permits available. Our employment of international personnel in the United States and elsewhere may also be limited by immigration restrictions targeting specific countries. It is not currently known what, if any, visa or travel restrictions might be proposed in the future or how they would be implemented or enforced, but any further adverse developments in immigration regulation or enforcement limiting the mobility of our employees could adversely impact our business and results of operations.

We may be unable to service our debt or obtain additional financing on competitive terms or at all. 

In December 2022, we entered into an amended and restated