He, nevertheless, added that the Bengaluru-based agency below the management of CEO Salil Parekh had dramatically reinvented itself during the last three years and was ready to capitalise on the shifts in know-how adoption as a result of Covid-19 outbreak.
“There is an excellent stable management in place. The board continues to be reconstituted. The first set of strategic choices have been made and implemented. but as we look at the pandemic, as we look at the future, there is going to be a massive shift in the way the world will implement technologies,” Nilekani informed analysts.
“I will stay as long as required to complete my job”.
Nilekani returned to a non-executive function at Infosys in August 2017 as the corporate confronted company governance challenges that led to the exit of former CEO Vishal Sikka.
He introduced in former Capgemini govt Parekh to guide the corporate and allowed him to chart a three-year revival technique.
“Infosys was fortunate, when the unfortunate event of Covid-19 happened, it was very well prepared to deal with this calamity,” he mentioned, detailing the efforts in shifting to working from residence, introducing new companies, galvanising the gross sales engine, investing in reskilling and managing the workforce.
“These are not small, superficial reforms. They were root and branch reform that went to the heart of the company,” Nilekani mentioned.
The board of Infosys backed Parekh’s technique in April 2018 and the outcomes have began to indicate, he added.
Nilekani, nevertheless, mentioned the execution of the technique was pending as the corporate was in the midst of a technological shift.
“We are in the middle of the journey. We are in the early days of the Cloud. In the next 4-5 years, every major company is going to migrate most of its applications to the cloud. Use of artificial intelligence (in enterprises) has just started,” he mentioned.
“Covid-19 fundamentally brought to the leadership of the world’s top companies how critical digital was. That is an important lesson for all, and that lesson has raised the profile of digital transformation in every boardroom and that is the biggest difference,” he added.
Parekh mentioned most giant enterprises had been driving digital transformation journeys as a result of pandemic.
“During the last six months, those enterprises that have been already in the digital framework, who put in place infrastructure, are benefiting massively in how they are connecting with end-customers, suppliers and employees,” he mentioned. “Technology investments used for digital really are helping them achieve growth.”
Parekh added that Infosys was specializing in a transparent set of margin drivers.
“We are well positioned to continue our growth and continue our margin trajectory as we come out of Covid-19. We are still growing at 2.2% … All our strategic investments are making us more relevant for clients,” he mentioned.