Bangalore: Infosys Chairman K V Kamath on Thursday said that turbulence in global markets is likely to provide a ‘win-win opportunity’ for Indian IT players, since clients would be looking more at operational efficiency and productivity gains.
"The reason is that turbulence in our customer markets would mean our customers would seek even greater operational efficiency and productivity gains," Kamath said in an interview.
"If Indian knowledge sector players can prove that they can partner in these areas, and deliver value, a win-win opportunity develops. I am reasonably sure this is going to happen," he said.
A renowned banker Kamath took over as Infosys Chairman in August from N R Narayana Murthy, the company co-founder. Infosys is the country's second largest software exporter.
Amid turmoil in global markets, especially Europe and the US, there are concerns that the USD 60 billion-IT industry could be adversely impacted.
Noting that Infosys has a well-established and clearly defined processes, Kamath said his role at the company would be, what is expected of an independent non-executive Board Chairman, namely governance oversight.
Kamath is also a non-executive Chairman of ICICI Bank.
"As it happens, having been at the centre stage in driving technology in ICICI Bank through a period when large scale disruption of technology was taking place, gives one a rather unique insight," he noted.
Showering praise on his predecessor, Kamath said that Murthy proved that a professional team, driven by passion can create enormous value for all stake holders while upholding the highest standards of governance.
"My role would be to take this forward. I do recoginse that this is an enormous shift that is taking place, a transition after almost thirty years of iconic leadership,"
Kamath said.
According to him, Murthy has left behind a value system that he created and nurtured throughout the organisation.
"This in addition to all else that he did, such as empower people, motivate them, create a process driven company which can replicate and scale its business model,"
Kamath pointed out.
Kamath noted that performance level has indeed to be measured at the individual level in addition to the team level. "Without doing this, the measurement of performance, the feedback loop, and raising the bar for all would probably not be possible. This is how true meritocracies would work," Kamath observed.