As part of the ‘Infosys 3.0' restructuring exercise, the IT giant on Monday said it will realign its workforce and reassign roles.
The HR and administration teams will report to Mr S. D. Shibulal, who will take over as the company's CEO from Mr S. Gopalakrishnan in August this year.
While Finacle and BPO functions will come under the CFO Mr Balakrishnan, education and research will report to Mr Gopalakrishnan, who is to take charge as Executive Co-Chairman in August.
“We are almost at the end of realigning workforce. It will be done by the month end. One more round will happen in June-July,” said Mr Shibulal, during an investor call.
“But no roles will become redundant,” he assured.
Four verticals
Recently, Infosys announced a business reorganisation based on four verticals – financial services and insurance; energy, utilities, communications and services; manufacturing; and retail, CPG and life sciences.
It also identified three key clusters - Business Innovation, Business Transformation and Business Operations.
While Business Innovation (creation of products and solutions and co-creation with clients) will be headed by Mr Subhash Dhar, Business Transformation (comprising consulting, enterprise solution and system integration) will be handled by Mr Steve Pratt. Business Operations (application development, maintenance and infrastructure management) will be headed by Mr Kakkal.
“The new structure will have no major changes at the client-facing front end – there will be no changes in the teams handling the functions like the project manager etc; there will be changes only from a delivery perspective. The reorganisation will help us become client-centric and globally more relevant to our clients. It will also help us in our aspiration to have growth above industry average and have industry leading profit margins,” said Mr Shibulal.
New service lines
The company also identified three new service lines – cloud computing, sustainability and enterprise mobility.