Infosys rejigs business units to spur growth worldwide
Monday, 29 October 2007, 19:30 IST
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Bangalore: Infosys Technologies Ltd has restructured its business units to meet the challenges of the changing landscape in the global IT industry. The rejig, to be effective Nov 1, will enable the IT bellwether to enhance its brand equity and leverage its capabilities, the company said here in a statement Friday. "The restructuring will help us in broadening the customer base and strengthening our service portfolio. The emerging opportunities in a flat world will also help us in building the next-generation leadership to drive the company's growth," Infosys CEO and managing director S. Gopalakrishnan said. Post-restructuring, the company will have six vertical industry business units (IBUs) and five horizontal business units (HBUs). The European business has been divided into industry verticals for integration with the business units. The six vertical IBUs are banking and capital markets; communication, media and entertainment; energy, utilities and services; insurance, healthcare and life sciences; manufacturing; retail, consumer product goods and logistics and new growth engines. The five HBUs are consulting solutions; enterprise solutions; infrastructure management services; product engineering and testing services and system integration. The new growth engines will focus on expanding business in Australia, China, Japan, Middle East, Canada, South and Latin Americas. "We have also created a separate India business unit to tap the growing domestic market," Gopalakrishnan noted. The various solutions groups have been merged with the consulting subsidiary to consolidate skills and adopt best practices," he said. The sales and marketing operations have been consolidated with its strategic global sourcing functions. The senior management team has been broadened with an executive council. Headed by Gopalakrishnan, the council will have the chief operating officer, the chief financial officer, executive board members and select unit heads. "Over the years, we have not only grown significantly, but also come to be recognised as a customer-focused global corporation. Even as we surge ahead to post $4 billion in topline growth this fiscal (FY 2007), the realignment will enable us to meet the challenges of our strategic direction, increased customer expectations and stiff competition," Gopalakrishnan added.
Source: IANS
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