3 Steps to Make Infosys Great Again: Nandan Nilekani– Nandan Nilekani tweeted “Life does indeed come full circle” on Friday.
Infosys lost its CEO and Chairman in a week. Infosys is India’s most high-profile information technology firm and now its leadership management is in unprecedented uncertainty. Infosys is in a tumultuous time and co-founder Nandan Nilekani means to be a leader once again.
Nandan Nilekani seeing himself on a corner where he has the task to rebuild Infosys Ltd once again. It is not a single task for him but a bunch of issue to overcome including rebuilding Infosys reputation and investors confidence.
Newsguru24x7 reported earlier, On Thursday night Nandan Nilekani appointed as the chairman of the board in Infosys. 36 years before Nandan Nilekani co-founded Infosys with six other founders. He was stepped down as ex-CEO of the company decade before. He served as Infosys’s CEO during 2002 to 2007. Nandan succeeded NR Narayana Murthy in March 2002 and Kris Gopalakrishnan succeeded Nandan in 2007. Right now Infosys declined about the tenure of Nilekani’s appointment.
Niekani has charge to find a new CEO, outline a new strategy
Nandan Nilekani (conceived 2 June 1955) is an Indian business person, civil servant and legislator. He helped to establish Infosys and is the Non Executive Chairman of Infosys supplanting R Seshasayee and Ravi Venkatesan, who were the co-seats of the board, on 24th August, 2017. He was the Chairman of the Unique Identification Authority of India (UIDAI). After an effective vocation at Infosys, he headed the Government of India’s innovation council, TAGUP. He is an individual from Indian National Congress however not dynamic in governmental issues starting at 2015.
In 1978 he began his career at the Mumbai-based Patni Computer Systems, where he met and was met by N.R. Narayana Murthy. In 1981, Nilekani, Murthy, and five others exited Patni to begin their own particular organization, Infosys. Nilekani turned into the CEO of Infosys in March 2002 and filled in as CEO of the organization through April 2007, when he surrendered his position to his associate Kris Gopalakrishnan and moved toward becoming co-executive of the top managerial staff. Before expecting administration as CEO in 2002, Nilekani held different posts, including overseeing executive, president, and head working officer. He filled in as its CEO from March 2002 to April 2007. During his 5-year residency as CEO, Infosys’ topline grew sixfold to $3 billion
Niekani has charge to find a new CEO, outline a new strategy , reconstituting the board, making bridge between key executives, including the board’s committee of directors.
In response, he has tasked two board members Ravi Venkatesan and D.N. Prahlad, to work with other top executives such as interim CEO U.B. Rao, CFO M.D. Ranganath and strategy head Deepak Padaki to outline a new strategy.
Initially Infosys is taking three basic and major key steps. According to experts first step is to review and improve the way Infosys does business. Second is to re-examine all the initiatives started by ex-CEO Vishal Sikka under his “new and renew” approach. And last one is charting out a new roadmap for Infosys’s $500 million Innovation Fund.
The company has formed a small strategic group to fix the company’s near-term and long-term strategy. The group consists some key executives including CFO Ranganath, Strategy Head Deepak Padaki, deputy chief operating officer (COO) Ravi Kumar S. and Joshi.
Nilekani denied to comment on his strategy, calling it premature. But he said details will be shared in October.