| Infosys rejigs biz, opens separate unit for India |
| BS Reporter / Bangalore October 26, 2007 |
| In a major move, Bangalore-based Indian IT major Infosys Technologies has reorganised its business and opened a separate unit to focus on India. The company contends that the reorganisation, effective from November 1, is in anticipation of the changes in the global IT industry. While MNCs such as IBM and HP and Indian companies like Wipro have been active in the Indian market, Infosys had not attached much importance to the domestic market on the grounds that the margins were less. However, now the company has opened a separate India Business Unit (IND) to tap the growing domestic market. The company has also turned its attention towards new markets such as Australia, China, Japan, West Asia, Canada, South America and Latin America. It has formed a business unit -- New Growth Engines -- which will expand the company's business in these countries. Srinath Batni, member of Infosys Board, has been entrusted with the task of increasing focus on delivery excellence. There will also be increased focus on R&D and commercialisation of intellectual property (IP). Infosys CEO&MD Kris Gopalakrishnan said: |
