Infosys's new management under K V Kamath and S D Shibulal is planning to set up a separate company to focus on IT products, platforms and intellectual property-driven solutions. The $6-billion company has so far built its global reputation on providing IT services to international firms. The move to establish this new company represents a focused shift to a higher value business. Products are riskier to do, given that they can fail even after substantial investments .
"We are discussing several options from acquisition to set up this new company to house innovations ," Subhash Dhar, Head - Business Innovation, Infosys. Employees at Infosys who are already involved on the innovation side, which includes products and platforms, would move to this new firm.
The new company would provide a start-up kind of environment. The firm has begun the process of setting up a separate unit. Seven new positions at VP and AVP levels have just been created for products and platforms, four of which will be for innovations coming out of the banking & finance, manufacturing , retail, and energy and utilities segments. The other three will build product engineering , product management and commercialization teams for new innovations.
