Mid-tier software company MindTree is embarking on its next phase of its growth. From specialisation in select segments, the company is moving to hyper-specialisation within specific areas in those domains.
“In phase-1, we chose areas we wanted to specialise in and we invested in them. We have re-strategised the company, executed and delivered the result and the questions is how we will reach the next level and raise the performance bar,” Mr Krishnakumar Natarajan, Managing Director and Chief Executive Officer, told Business Line .
The company currently focuses on providing IT services and product engineering services for major verticals such as banking and finance services and insurance (BFSI), manufacturing and travel and transportation.
Mr Natarajan said customers now want IT companies to develop expertise in the problems they are attempting to solve; they no longer look at the size of the service provider.
“I think the next big challenge for us is how to build depth and how to become specialists in specific areas within that domain i.e hyper-specialisation,” Mr Natarajan said.
In a way, IT services is becoming like healthcare where there is specialisation, he added.
“Also, this is not something that happens at top management level at the turn of a switch, it happens through all levels of the organisation,” Mr Natarajan said.
Hiring in campus
It is in this context that the company has moved to hire more employees in the ‘bottom of the pyramid'- campus graduates. “If an organisation is a pyramid, we are a barrel bloated in the middle, so we need to correct that and we have started the process,” Mr Natarajan said.
MindTree has made offers to about 3,000 campus graduates for financial year 2013. “It is a process where we will continue to take in people at the bottom of the pyramid because we have enough experienced people to mentor and train them,” he added.