India Inc by large includes big
family conglomerates run heirs and heiress who have inherited the property and
Businesses established by their ancestors. The names of Tata’s, Ambani’s and
Birla’s figure almost in every major company in the Indian stock market.
However one exception to this rule was Infosys, a company founded in 1981 by 1st
time entrepreneurs with a paltry sum of $200.
However 33 years since its
inception the company has hit rock bottom. While stagnant revenues quarter on quarter
have been posing a problem for the company, the series of exits at the higher
management level has only added salt to the injury. The company is set to appoint
a new CEO next year post Mr SD Shibulal’s term. The race to the top post has
led to discontent and competition among the senior management which is reason
for as series of exits past one year.
The fact is Infosys is yet to
find a direction post 2008 crisis. A new external personal CEO is definetly the
need of the hour as it would enable the company to think out of the box and
come up with a new strategy. For past 4 years company has already taken a hit
as its peers like cognizant has been successful in dislodging it from the
number two spot of the largest IT exporter of India and TCS has only managed to
increase the lead by almost 10,000 crore . Though promoting internal candidate
as CEO might have motivated the employees but it would have only led to continuity
in it’s decade old strategy which seems to have lost its sheen post the
financial crisis and Euro zone crisis. A new CEO from outside is likely to
carry less baggage with him and would infuse the company with fresh ideas which
is the need of the hour.
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