After a gap of almost three years, software major Infosys is mulling on a massive re-organization, a move that will make the company more agile and help offering faster client services. With latest update, Infosys Ltd which is India's second-largest software services provider, has swapped the positions of its manufacturing and finance business units. 

Sources informed, B G Srinivas, who is global head of manufacturing and engineering services, will now head the financial services and insurance. And, Ashok Vemury who is currently leading the finance business will take care of manufacturing unit now.

A spokesperson from Infosys has stated that the latest change will bring cross industry perspectives to accelerate transformation and innovation for company’s clients

It is worth noticing that reorganizations in Infosys are not new, its been happening at Infosys every two or three years since 1998. However, it is important to note that the latest rejigs come at a time when the competition is heating up in the IT space. 

Analysts further added, Bangalore-based Infosys is losing an edge over its rivals including Tata Consultancy Services, and Cognizant due to uncertainty related to top management changes and softening profit margins as a result of wage hikes and currency volatility. Some analysts are optimist that the latest changes could facilitate Infosys to compete rivals including TCS and Cognizant in a better way. 

However, Whether or not management rejigs will help Infosys to recoup its stake or not, nothing can be said at this time. So, stay tuned to get more information on this. 

ITVoir NewsDesk