27 October 2007
स्टॉक इन news
Sensing a shift in the global information technology (IT) industry, Infosys Technologies, India's second-largest software exporter, on Friday said it is re-organising its business units.
Through the restructuring, it hopes to broaden its customer base and strengthen the services portfolio through scale benefits.
The restructuring, effective November 2007, would see the company consolidate its sales and marketing functions under a new Corporate Sales and Marketing umbrella.
Srinath Batni, a board member, would directly oversee the delivery of products and services.
Infosys is also rationalising its verticals (service industries) and horizontals (service offerings). It will have six industry business units (IBU) and five horizontal business units (HBUs).
Earlier, it clubbed its clients under industry buckets like aerospace & defence, banking and capital markets, energy, health care. Now, the more simplified structure has IBUs such as banking and capital markets, communications media and entertainment, energy, utilities and services, insurance, healthcare, etc.
There are also new growth engines to spot emerging geographies and a dedicated India Business Unit.
Under services, the HBUs are consulting solutions, enterprise solutions, infrastructure management services, product engineering and testing services and systems integration.
Under the earlier system, it had seven services.They included application development and maintenance, enterprise quality service, and packaged application services.
"Today, we are at the cusp of becoming a $4 billion organisation. There is a need to realign to create a structure that can meet the new challenges of our strategic direction, increased customer expectations and higher levels of competition. I am confident that this reorganisation will enable us to compete better in the global markets," Kris Gopalakrishnan, chief executive officer and managing director, said.
Infosys is forming an executive council (EC), to be chaired by the CEO and consisting of the COO, CFO, executive board members and select unit heads.
In order to draw a line of vision for the next generation leaders, budding leaders below the age of 30 will be part of the management council of the business units.
Infosys' European business has been divided into industry verticals, which will be integrated within the IBUs.
The New Growth Engines IBU would focus on are Australia, China, Japan, Middle East, Canada, South America and Latin America.
In order strengthen its consulting practice, Infosys Consulting, the existing domain competency group (DCG) and various solutions groups within the units would become part of the Consulting Solutions IBU.
Without giving details, the company said there would be increased focus on R&D and commercialisation of IP.
Arvind Mills
The Mukesh Ambani controlled RELIANCE Industries is learnt to be in talks to acquire some manufacturing facilities from Arvind Mills, mainly in the denim segment. A person familiar with the development said the proposed acquisition is part of RIL’s increased focus on the apparel business.
When contacted, Arvind Mills CFO Jayesh Shah said: “It is untrue.” RIL spokesperson Paresh Chaudhry said: “The information that Reliance Industries plans to acquire textile mills in various parts of the country as a sourcing base for Vimal Suiting as well as Reliance Retail’s apparel business is absolutely untrue. Nor are we in talks with any textile mill in India for any acquisition whatsoever.”
But the source confirmed that initial talks between the two companies is already on, and added that the deal is stuck on pricing issues. Reliance Industries is likely to float a special purpose vehicle for executing the deal, the person told ET.
Sources said RIL plans to acquire textile mills in various parts of the country to strengthen its presence in the apparel business. These mills will act as a sourcing base for Reliance’s apparel brand Vimal Suitings as well as Reliance Retail’s private labels.
In December last year, the company relaunched Vimal Suitings, which used to be one of the top textile brands in the 1980s. Recently, the company launched its apparel retail chain, Reliance Trends, for which it has created several private labels. These include Network (formal office wear) Netplay (smart casual range) and DNMX denims and T shirts. In addition, the company has come up with exclusive private labels for women (Sparsh) infants and toddlers (Panda) and young boys and girls (Trendz).
Apart from this, group company Reliance Textiles also has a presence in the export market. It is one of the largest exporters of worsted fabrics from India and supplies to brands like Dockers, Nautica, Perry Ellis, Hagger, JC Penny and Marks & Spencer. The company has announced plans to expand its fabric export business and foray into garment exports. For all these, the company needs to increase its manufacturing base.
Arvind Mills, one of the leading textile manufacturers in the country, has 22 units for fabrics and garments. In the fabrics division, the company has presence in denims, shirting, khakhis, knitwear and voiles. It also owns and retails brands such as Flying Machine, Newport and Ruf & Tuf in the jeans category and Excalibur shirts. Arvind Mills also owns licences from international brands such as Arrow, Lee, Wrangler and Tommy Hilfiger for retailing their products in the Indian market.
by erectusplus at 17:44:00 |
0 Comments:
Post a Comment
<< Home