Infosys underwent a leadership transition in 2011 when N.R. Narayana Murthy stepped down as chairman. Kamath, who had experience turning around ICICI Bank, was selected as the new non-executive chairman to oversee the transition. This included drawing up a succession plan to replace the founders with new leaders and address concerns about stability during the change. Clients also faced challenges with frequent project head changes and lack of centralized management.
2. S.B SHIBULAL NANDAN NILEKANI
S.GOPAL KRISHNA
K.DINESH ASHOK ARORA
N S RAGHAVAN
3.
4. The Leadership Transition is an extraordinary,
unconventional opportunity to invest in your
professional success as a leader.
Reflect on your individual leadership style and develop
a plan to expand your comfort zone.
Strengthen your coalition-building and influencing
skills, and learn how to use power constructively.
Examine the best practices for managing change.
Learn about the systemic factors in your work
environment and in your own behavior that can work
against your plans.
5. The Infosys leadership institute was setup in 2001. It was
established keeping in with the vision that murthy had of
creating an advisory body that would be responsible for
taking the strategic decision about the company.
The management development center at infosys was
inaugurated by k Dinesh , a co-founder of infosys.
The main task of ILI was to study and develop different
leadership styles
In order to realize its vision, infosys identified leadership
competencies on four dimensions work, people,
technology, and business.
Infosys followed a nine pillar model for leadership
development . The nine pillar were 360 degree feedback,
development assignments, infosys cultural workshops,
developmental relationships, leadership skill training, feed
back incentive program, system process learning.
6. • Since Murthy was to step down as the chairman in 2011, the
company started searching for his replacement in 2010
• The people involved in this process comprised Cornell
university professor and chairman of nomination
commila.
• The Company felt that Kamath's candidature could not be
ruled out just because he was of the nomination
committee, they also increased the retirement age of the
board members from 60 to 70 years.
• They indicated clearly Kamath was top contender of post.
• Infosys appointed Kamath as non executive chairman of
company in May 2011.
7. Since the company was often criticized for being run
by its founder, saying no scope for new talent to
occupy the senior most position.
The company felt bringing in an outsider like Kamath
would help it raise the confidence of the investors.
The board of director at Infosys choose Kamath as he
had proven his mettle at ICICI during his 13 year
period as CEO and Managing Director.
He was known for innovative approach he used to
boost growth at ICICI Bank.
One of the first step Kamath had to take as chairman
of Infosys was to draw up a succession plan for the exit
of all founders and appointment of young
professionals at the company.
8. • Analyst opined that in Infosys, Kamath would face the
different set of challenges.
• The founders were existing and new set of leaders had to
be found and groomed for major responsibility.
• The transition had to take place without causing
uncertainty among shareholders and resentments among
managers and employees.
• Murthy was sure that Kamath would manage succession
process well at Infosys.
• Industry observers pointed out that though the founders
did not allow family members and co-founders to enter
the company and ran its professionally , their practice was
to make all the co-founder CEO rotation.
9. • It was reported that Infosys clients also had problems
with Infosys leadership transition.
• The client were also having problems as project heads
were changing every 5-6 months and management being
busy with internal organization.
• The client also complained Infosys had few people for
collective running and account management.
• Kamath and his team also had to combat the challenge of
maintaining a relationship with their high profit client.
10. 1981- Established by N. R Murthy and 6
engineers.
1983- Got first client, Data Basics Corporation,
in New York.
1987- Established first International office in
Boston, USA.
1992- Changed its name from Infosys.
Consultants Pvt. ltd. to Infosys Technologies
Pvt. Ltd.
11. 1993- Introduces Employee Stock Options
(ESOP) program.
1999- Infosys became the 21st company in
the world to achieve a CMM Level 5 certf.
2002- Nandan Nilekani takes over as CEO. It
opens its office in Netherlands, Singapore and
Switzerland.
2005- Infosys celebrates its Silver Jubilee &
reaches at revenue of 2 billion. 2013- Infosys was declared as 15th largest IT
service provider.
2015- Infosys announces to invest US $250
million in new Indian startups through its
Innovate in India initiative.
2018- Commencement of work on new
software development center in Kolkata, West
Bengal.