Seeking to sharpen client focus, Infosys under CEO Vishal Sikka has decided to split its four verticals into 15 smaller units. The move is reportedly aimed at bringing robustness and agility within the company and establish a structure where smaller ‘companies’ run within the parent Infosys. According to CNBC-TV18, Infosys has appointed fifteen industry heads for these smaller business units. These 15 industry heads will in turn report to three Presidents of Infosys, Mohit Joshi, Rajesh Krishnamurthy, Sandeep Dadlani, the channel said.
“The mandate of the industry heads will be to look after the P&L of the new sub units that have been formed. This essentially means that they will be running this like a small company within Infosys. They are mandated to completely strategise the sales and engagement of clients within in these sub units and also to bring in more customers,” the report said.
Watch: Why has Infosys formed smaller industry units?
According to a TOI report, with this move Infosys also aims to give its Presidents the time to build CXO-level relationships and to also devise strategies to improve sales. Infosys’ four big business verticals are banking & financial services and insurance ($3 billion revenue); energy & utilities, communications and services ($1.9 billion revenue); retail & life sciences ($2.3 billion revenue); and manufacturing & hi-tech, with $2.2 billion revenue.
Reports suggest that while BFSI has been split into four units, energy and communication services has been split into three different sub units and MRCL has been divided into five smaller sub units. Healthcare and life sciences will be a separate unit. It will be headed by Sangita Singh, who is a former Wipro veteran and has joined Infosys today.
Infosys reported 4.95 per cent rise in net profit at Rs 3,606 crore for the quarter ended September 30, 2016 against Rs 3,436 crore in the sequential quarter ended June 30, 2016. Infosys has cut FY17 revenue guidance to 8-9 per cent against 10.5-12 per cent in constant currency terms.