The document discusses the large cash reserves held by major Indian IT companies and questions whether this level of reserves is necessary. It notes that the average cash-to-assets ratio for the top 3 IT companies has increased from 22% to 31% over the last 5 years. However, there do not seem to be valid operational reasons for this increase, as the companies have better debt collection processes and more flexible cost structures. The large cash holdings are an inefficient use of capital resources and the practice of stockpiling cash will hopefully change.