Bangalore, Oct 27: Infosys has announced the reorganisation of its business units to 'anticipate changes in the global IT Industry and stay ahead of its competitors.' To be effective from November this year, the move would help Infosys enhance 'One Infy' experience and in turn, deepen its transformational capabilities.
The exercise would also help Infosys broaden its customer base and strengthen its current portfolio through scale benefits, a company release said here.
The new opportunities were directed towards leveraging the strengths of the next generation of leaders at Infosys.
The highlights of the reorganisation process included formation of six vertical industry business units (IBUs) and five horizontal business units (HBUs) cutting across all vertical units.
The European business has been divided into industry verticals which would be integrated within the proposed IBUs, HBUs.
Commenting on the advantages of restructuring, CEO and Managing Director S Gopalakrishnan said "over the last several years,Infosys has grown significantly and been universally recognised as a highly customer-focused, world-class corporation. "Today, we are at the cusp of becoming a four billion US Dollar organisation. There is a need to realign to create a structure that can meet the new challenges of our strategic direction, increased customer expectations and higher levels of competition.
"I am confident this reorganisation will enable us to compete better in the global markets," he said.
Infosys' increased focus would be on growth markets. The New Growth Engines (NGE) unit had been formed to expand business in Australia, China, Japan, Middle East, Canada, South America and Latin America.
On the home front, a separate business unit would focus on India to tap the growing domestic market. There would be increased focus on delivery excellence. The unit would be headed by Board Member Srinath Batni.
To consolidate consulting skills Infosys Consulting, the existing Domain Competency Group and various solutions groups within units would become part of Consulting Solutions to create, deliver and coordinate global best practices for enhanced solutions to all its customers.
Consolidated sales and marketing functions would synergise the focus on sales and marketing and consolidate the sales effectiveness, marketing, alliances and Strategic Global Sourcing functions under Corporate Sales and Marketing.
There would also be an increased focus on R and D and commercialisation of IPs.
Infosys would also broaden Senior Management Team with the Executive Council, chaired by the CEO, being constituted. It would comprise COO, CFO, executive board members and select unit heads.
The onus would be on increased participation of younger leaders in company strategy. Budding leaders below 30 would be part of the management council of the business units.