Infosys doesnot need a leadership change, KV Kamath

Calling the market's opinion of a leadership change requirement as frivolous, KV Kamath, Non-Executive Chairman of Infosys told ET Now that no change in top level management is needed. Kamath said that the Infosys board is completely aligned with the leadership. 

Stating that the company has clearly articulated its strategy, Kamath said that 'Infosys 3.0' will undergo changes as and when required. Kamath defended not taking the path that Infosys' competitors take by saying that the company follows strategies that it feels will help in the longer term. "Infosys has gone through all the challenges that the IT industry has faced and has come out shining," he added. 
Asked about his approach for Infosys, Kamath said that different companies are led and governed in different ways. The approach for Infosys is different from that adopted for ICICI Bank, he said. 

On Wednesday, SD Shibulal, CEO & Managing Director, Infosys spoke to ET Now about the challenges facing the industry and his company's future strategy. Shibulal admitted that the business environment remains subdued. 

"We gave our quarterly results about 45 days back and from that point at this point, environment has remained the same. We are still seeing delays in decision making. We are seeing that large deals are going through multiple levels of scrutiny and the confidence to spend is low in certain areas but at the same time from an overall perspective, our strategic direction is getting very good traction with our clients," he said. 

"We have always said that we will deliver superior financial performance and our aspiration continues to be to deliver superior financial performance. That would be industry average or above industry average growth as well as one of the industry leading margins and that is what they have done in the past. Our aspiration continues to be that," he added. 

Shibulal also said, "We clearly believe that the building tomorrow's enterprise strategy and the new strategic direction we have put in place is the right one. It will increase our relevancy to our clients. It will actually create the next generation consulting and system integration corporation and that will clearly deliver our aspirations of growth and margin."