For a man that Nagavara Ramarao Narayana Murthy stood out to be all through his life – one of India’s greatest entrepreneurs – the murmur was soon becoming too big and loud to bear. While Infosys’s decision last year to bring him back as the executive chairman two years after retirement was then hailed by all, exactly one year down the line not much seemed to have progressed. The only exception is that the challenge of leading India’s #2 software company whose revenue growth was being constantly going southwards, has been passed on to a rank outsider. It was also the first time that the 32-year-old company was being handed over to a non-founder!
Commenting on the role that has been cut out for Sikka, Greyhound Research chief analyst and CEO Sanchit Vir Gogia says, “While IT services and SI activities will remain the core, one of the key jobs that he has is to significantly add to the existing SAP HANA practice at Infosys.”
This appointment will also bring attention and muscle to developing internal IP at Infosys and add to the non-linear growth story. Infosys peers are also closely watching this change and Sikka’s appointment has the potential to spark a similar change across other players as well, he stresses.
“While Sikka will help set a new vision and path for the company to follow, the second-tier management and other key executives will be the guys who will ultimately help him make the new vision a living reality,” Gogia says.
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