In spite of several changes in the economy, the core business of IT giant Infosys will remain the same, says Mr K.V. Kamath,Chairman..
In an interview to Business Line , Mr Kamath, 65, said that the board has been watching keenly several changes at the global level. “I am reasonably confident that the core business (of application development) where you are serving your customers is not likely to undergo change,” he said.
Mr Kamath, who is also the Chairman of ICICI Bank, said Infosys does not need the same dose of aggression that propelled the bank to the next level of growth.
He pointed out that the bank needed a large dose of aggression 10-15 years ago because the country itself was changing at a dramatic pace.
“If you needed to keep pace with that, we had to change faster. And, you had a whole lot of changes happening, particularly in technology. If you had to seize that you had to change at a dramatic pace. So it appeared in context that pace was dramatic.”
Mr Kamath, who took over as Chairman last August, said while it has been a learning curve for him, Infosys itself is a very well set company where processes and practices have evolved with a lot of thought over 30 years.
“As we move on, we have clearly articulated that we would like to work with customers to transform their businesses,” he said.
On the overall economic scenario in the country, Mr Kamath felt that most of the major reforms that needed to be done are already over.
“To me …the best advertisement for reform (is that) there is a total disconnect between the way things were and now. It is right across, whether is cars or motorcycles.”