In a move to revamp its business, tech giant Infosys has decided to split its business into smaller units, that will be handled by the ‘next generation of management’.
The company has been under-going major reforms since Vishal Sikka took over as the CEO in 2014.
Sikka announced the company’s plan to decentralise its business at the analyst meet in Pune on Friday.
He said that he was breaking company into more autonomous units with profit and loss (PNL) responsibilities, which would enable scalability, freedom of operation and accountability.
“It gives us scalability, it gives us isolation and accountability of individuals,” Sikka said in Pune.
According to reports, the units are expected to have a revenue target ranging between $500 million and $700 million each and the clients under them will be scaled down that will provide more focus on the client’s requirements.