Today it was good to hear that Kamath after coming in office as the chief of Infosys thought differently which the entire top brass probably did not consider worthwhile – making Infosys also a product company.
While it is true that product market is very risky, but the fact is that years of knowledge acquired by Infosys engineers over last two decades and working with the best of the companies in the world can give unique ideas and market for the products being planned.
This also hints at the unease of the entire top brass of Infosys on being perched at top for such a long time without working for their bad days. When the bad days are knocking at the door in form of rivals catching up, margin pressure due to high inflation, unfriendly US immigration and attrition of talents, this is what is least expected from them.
It is also true that the most successful companies have to work too hard to keep their positions and continuously reinvent themselves. This was not so true with Infosys. With a whole lot of easy money coming from body shopping, it was not on the top of the mind of all those visionaries to plan for the next leap. This plan for next leap which has been announced today comes only when Infosys has continuously seen four quarters of sales decline in this easy market and top leadership shuffle.
It is yet to be seen how easy it will be for Infosys to shrug the mentality of body shopping and get into a totally new domain where they have only a two decade old product being overused by some bankers.