Infosys splits four verticals into 15 smaller units - with P&L responsibility to each unit head

1. Infosys re-organized itself into 'smaller units' to make it more manageable  2. P&L responsibility for the unit heads 3.  Presidents' time to be freed up for strategic work  4. This kind of smaller units was something that TCS has been doing for the past 4-5 years. It has worked successfully for TCS. 5. Organization structure - for very large organizations, making smaller units with P&L responsibility seems to work. **** Oct 17 2016 : The Times of India (Hyderabad) Shilpa Phadnis Bengaluru   Around 15 Executives Get P&L Responsibilities; Presidents Get Time For Building Newer Strategy Infosys has announced some details of a new organizational and managerial structure designed to give its presidents more time to build CXO-level relationships and strategy than be bogged down by internal operational matters, and provide for more agility for its business units to sharpen client focus and improve sales effectiveness. Under the new structure, its four large industry verticals will be split into some 15 smaller industry units, each with $500-$700 million in revenue, separate head, and profit & loss (P&L) responsibilities. The four large verticals now are banking & financial services and insurance (BFSI), with $3 billion in revenue; retail & life sciences, with $2.3 billion; manufacturing & hi-tech, with $2.2 billion; and energy & utilities, communications and services, with $1.9 billion. BFSI, which counts Deutsche Bank and Goldman Sachs among its key accounts, will now have four industry heads ­ Jasmeet Singh, VP and regional head for financial services in the US (excluding West Coast), Ajay Vij and Kannan Amaresh, both VPs & regional heads of financial services in Europe, and Andrew Groth, VP of Australia and New Zealand, who will also lead financial services and insurance for the rest of the world. All four will report to president and financial services head Mohit Joshi. Healthcare and life sciences will be a separate unit, and will be headed by former Wipro veteran Sangita Singh who is joining Infosys on Monday . She too will report to Joshi. “The industry heads will be responsible for strategy for sales, P&L and increasing customer footprint. This will ensure greater client focus through the industry heads while allowing the presidents to focus on enterprise strategy ,“ wrote COO U B Pravin Rao in an email to all business unit heads. Rao said the industry heads have been identified based on the current size and future potential of the business opportunities. The energy & utilities, communications and services vertical is now split among three executives ­Anurag Sinha will lead tele com, media and entertainment in the US, Avichal Kulshrestha will lead the same in Europe, and Ashiss Kumar Dash will head resources and utilities. All three will report to president Rajesh Krishnamurthy . In manufacturing, retail, CPG and logistics (MRCL), Dinesh Bajaj and Madhu Janardhan will lead the Americas for RCL, Nitesh Bansal will head manufacturing in the US, and Karmesh Vaswani will lead MRCL-Europe.All three will report to president Sandeep Dadlani, as will Nitesh Banga, who will lead sales of new services, and Sourav Banerjee, who continues as client partner for Apple, one of Infosys's top clients, and who will now also oversee other Silicon Valley tech accounts.

http://epaperbeta.timesofindia.com/Article.aspx?eid=31809&articlexml=Infosys-splits-four-verticals-into-15-smaller-units-17102016013032