Infosys, which has fallen short of expectations with its fourth quarter numbers, is not taking this lying down. It has chalked out a major restructuring plan that it says will help accelerate growth, report CNBC-TV18’s Sunanda Jayaseelan and Vineetha Athrey.
Restructuring Infosys
Infosys currently has 6 major and 2 minor segments, which will be consolidated into 4key verticals, BFSI, Energy & Utilities, Manufacturing, and Retail, Logistics & Life Sciences. These will also play to 3 horizontals, Mobility, Sustainability and Cloud Computing. This revamp will mean more hiring in FY12 and thus, so each vertical will see 2,000 domain experts logging in. The board believes this will also make for more effective investments.
Mohandas Pai, an Infosys board member said that not just operations but the management structure is also in for a change, starting from the top. “We'll spread investments more geographically, building a layer of consulting and domain expertise and tackle more of enterprise solutions,” he added.
Two of its long-standing directors, Mohandas Pai and K Dinesh, have announced their resignations due to personal reasons. But the IT bellwether has roped in Ravi Venkatesan, former chairman of Microsoft India, as an Additional Director on the board.
The final word on this will come on the April 30th, when the board is expected to finalise a succession plan for NR Narayana Murthy, who is slated to retire in August. However, sources say this restructuring will not involve any other exits.
Source: www.moneycontrol.com
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