Thursday, 20 August 2015

Vishal Sikka - A CEO in India to watch out

Infosys is one of the popular faces of Indian IT services for more than Two decates. When started in 1981 by seven friends with an initial capital of Rs.10,000, even the founders wouldn't have expected that the company will reach such big heights.


But it's been downslide for Infosys since 2012. More about the beginning of downfall here. From 2012, every quaterly update from company recited again that the company is in downfall. Situation went so worse that the even called Mr.N.R.Narayana Murthy, their legendary CEO and one of the founders, back on board for some fruitful results. He reduced the downfall speed but even he couldn't stop it.
Stock prices went down. Hike / Benefitiaries for employees are reduced. Layouts happened. Many employees volunteerly left the company.

Then came Mr.Vishal Sikka. Founder of iBrain and Bodha.com, SAP's former CTO, stepped into CEO shoes in Infosys by June 2014.


It's been more than an year now for Sikka as CEO and it is clearly visible that he indeed did his job well.
Including Q4 2015 results (which came out in March 31, 2015), it has been increase in stock price as well as profit for Infosys in every Quater since his entry as CEO. After 2014, there was no layout in Infosys and there are incidents where employees got 100% hike! (I wouldn't have believed that if I haven't spoke to my friends who are in that list)

Even today (August 20, 2015), Vishal Sikka announced 3 new services that will be provided by Infosys to their customers. This 3 service bundle has been branded as ' Aikido ', which is also the name of a Japanese Martial Art. The 3 services are Platforms (Ai), Knowledge-based IT (Ki), Design thinking (Do). Platform services includes Panaya which has been acquired by Infosys earlier this year for $200M.

By ensuring growth in all sectors, including the services provided by the company, Vishal Sikka is trying to take Infosys to bigger heights. With what he had accomplished over past one year, he is surely a CEO from who we can expect more in near future.