In line with its vision for Building Tomorrow's Enterprise, Infosys Ltd. (NASDAQ: INFY) recently completed its reorganization initiative to address the company's transition into the next generation of global consulting and technology services.
This furthers the company's focus to create measurable business value for clients through a combination of transformation, innovation and operation services.
Infosys also announced it has changed its name to Infosys from Infosys Technologies to more accurately reflect the company's evolution over the last 30 years from technology services to business-led consulting and solutions*.
"Organizationally, Infosys has fully integrated its deep industry domain expertise with its award-winning enterprise solutions and technology services to accelerate decision-making and increase solution flexibility for our customers," said S.Gopalakrishnan, Chief Executive Officer and Managing Director, Infosys Limited.
The reorganization consolidated and strengthened the Industry Sector Units to have end-to-end capability and global responsibility. This new go-to market approach enables the company to spur revenue growth, innovation and efficiency across the client base, and to address major business trends such as digital consumer, mobility, sustainability and cloud computing. These teams now have full sales and delivery capability and complete client ownership across Infosys offerings.
Infosys is now organized into four Industry Sector Units:
o Financial Services & Insurance - Headed by Ashok Vemuri
o Energy, Utilities, Communications & Services - Headed by Prasad Thrikutam
o Manufacturing - Headed by B.G. Srinivas
o Retail, Consumer Packaged Goods, Logistics and Life Sciences - Headed by Pravin Rao
To complement the new business unit structure, Infosys has consolidated its service lines and solutions into three Service and Innovation Groups:
o Consulting and Systems Integration comprising consulting, enterprise solutions, systems integration and advanced technologies led by Stephen Pratt
o Business Operations Services comprising application development and maintenance, independent validation services and infrastructure management led by Chandra Shekar Kakal
o P Products, Platforms and Solutions to accelerate intellectual property led innovation. The head for this offering will be announced soon.
Industry Sector Units will have a practice lead and embedded teams for all of these groups. Each Service & Innovation Group leader will span across units to ensure the over-arching strategy and capability for their offerings is kept best-in-class.
Finacle, BPO and Product Engineering continue to operate as before. Infosys Public Services is a new subsidiary chartered to address US government entities. We have also integrated our healthcare provider portfolio as part of Infosys Public Services. India as our global headquarters domestic market will continue to have its own self-contained regional structure.
"The catalyst for this change has been the continued evolution of our capabilities as we continue to drive the new generation model of global consulting and technology services. The new structure aligns us to the needs of our clients as we build tomorrow's enterprise" continued S. Gopalakrishnan.
B.G Srinivas, Member of the Board, Head of Europe said "The number one challenge in business today is finding innovative paths for additional growth. Our endeavour has been to future proof the businesses of our clients as we address key market challenges in the European region. This realignment strengthens our position to partner them in leveraging the powerful waves of change driving global businesses today."
*The company name change to Infosys has been effected at the corporate headquarters in India and the process of registering the new name has been initiated globally.