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Home -> Finance -> Full Story
Infosys to transform itself into a solutions major
Sunday, November 2 2003 14:59 Hrs (IST)

Bangalore: Seeking to take on global majors, software major Infosys Technologies plans to transform itself into a solutions major from being a pure play IT services firm.

"What is happening is from a services focus, this is what we have today. We are moving to the solutions mindset. It (solutions) allows us to compete with some of the established companies, it allows us to work with the CIO and all the way to other business leaders," Infosys co- founder and Director S Gopalakrishnan told reporters in Bangalore in an interview.

The strategy Infosys aims to adopt is to break into the big mould by creating independent business units focused on specific industry verticals, in which he said, the NASDAQ-listed firm has found initial success in the retail and automotive and aerospace units.

"These units have actually piloted the solutions concept and understanding the business issues. It is an attractive option, because the structure should in some way support our strategic objectives", Gopalakrishnan, who is also the Chief Operating Officer said.

"And definitely, one of the objectives is to increase the rates and profitability by doing this," he added.

But as the Rs 3,634 crore India's second largest software exporter breaks into the big league of a $ 1 billion company this fiscal, the challenge Infosys now faces is to find the right people and manage them for sustaining future growth.

PTI