IT czar and Chairman of Infosys Nandan Nilekani on Saturday said the company was fully aligned with its growth strategy and that he was very optimistic of things going well.
“Absolutely, stability is not a question. I think a way beyond that. The company is fully aligned. Salil Parekh, CEO and MD of the firm, has come in and articulated a great strategy,” he said. “You can see that in numbers - the company is growing very well, people are very motivated,” he said in response to a question whether stability was back at the company.
Speaking to reporters on the sidelines of the 38th Annual General Meeting of Infosys, he said, “So I’m very optimistic, things are going well.” Nilekani was appointed as the Chairman to steer the tech giant in August 2017, after months of acrimony between founders and the then management led by R Seshasayee (chairman) and Vishal Sikka (CEO and MD).
The IT major held its 38th AGM on Saturday that was attended by hundreds of shareholders from the city and different parts of the country. Responding to a question related to Panaya and Skava businesses by shareholders, Parekh during the AGM said as stated in the financial report and results, Panaya and Skava were not being held as assets for sale.
A whistle-blower report in 2017 had alleged wrongdoings by Infosys and some officials in the $ 200- million acquisition of Israeli automation technology firm Panaya by the Bengaluru-based IT services firm. An internal audit committee set up by Infosys found no evidence supporting the whistle-blowers allegations.
Earlier in his address to the AGM, Nilekani said Infosys was embracing the Live Enterprise vision and continuously changing to prepare for the new world. “In fact, in the past year, we have done much to progress on this path. We’ve been working relentlessly to rebuild our 2,00,000-plus people organisation to operate with the speed and flexibility of a start-up, he said.
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