Infosys embarks on a journey to transform in digital times

Global software major Infosys Ltd has embarked on a three-pronged transformation journey for a sustainable and secure future, said its Board Chairman R. Seshasayee on Saturday at the company's 36th Annual General Meeting (AGM).

For the first time in many years, Infosys' co-founders, including N.R. Narayana Murthy, kept away from AGM.

“We are undertaking three transformations simultaneously for a sustainable and secure future for your company. The first is business transformation from a traditional IT services to an innovationled software-plus services company, which is formidable enough; second the cultural transformation that comes along when you induct global leadership talent; and third, the abrupt transition from the promoter led Board to an independent Board,” he told about 1,000 shareholders at the AGM.

Noting that Infosys was at a defining moment, he said it was at the cusp of the fourth industrial revolution, with all prospects for human advancement and new business opportunities. “The rapid digitisation of everything around us is disrupting entire industries in an irreversible and profound way. As this revolution accelerates, the opportunity for us is two-fold.

“First, to bring automation and software-led efficiencies to the core of our traditional services, whilst rapidly learning to imbibe new technologies and innovation. Second, to do the same for our clients as we partner with them through their digital transformation," Seshasayee said, adding, “Our endeavour is to deliver our traditional services through a people plus software model so that our engineers can focus on higher-value work and on innovating for our clients.”