Also Read: V Balakrishnan quits Infosys, to turn entrepreneur
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Below is the verbatim transcript of his interview on CNBC-TV18
Q: What prompted you to take this move?
A: I have been thinking about it for sometime. I wanted to do something outside Infosys. I wanted to spend more time in the private equity space. Recently we have set up a fund which is awaiting Securities and Exchange Board of India (Sebi) approval. So, I want to do something in the private equity space. I have been thinking about it for sometime. I thought it is the right time to do that.
Q: This may be the right time from a personal point of view for you but this comes as the 8th in a string of senior management departures from Infosys. That in a sense is sending out a negative message for an organization that is undergoing a fairly serious transformation at this point in time. Did you or were you asked by the management to reconsider your exit at this point?
A: Any large company you will see some exits when changes happen. The beauty of Infosys atleast is that it has got good leadership bandwidth which can come and take that role and play. I don't think leadership going out in Infosys is a big challenge.
Q: You were a contender for the top position in Infosys. Your name was on that list and so therefore this exit comes as a bit more of a setback, doesn't it?
A: That is the making of the markets. That was never in my mind.
Q: There is a perception that has been built in over the last six months as we have seen several senior management people leave that this is connected in some way to the return of Mr Murthy. Are these changes being driven by Mr Murthy? Are these changes that don't deal with the personal ambitions of all you senior management people who are leaving?
A: I think Murthy coming back is the best thing to happen for Infosys.
Q: Why would you leave the company at a time when the best thing that ever could happen to Infosys is happening to it?
A: Each one has got some liking to do in life. My liking is right now, trying to work with young entrepreneurs to build companies. I thought that is a much exciting space for me now.
Q: Is this something that you have been toying with ever since you moved away from this CFO position at Infosys?
A: Yes. That is what I am saying. I have been thinking about this for the last one year and I thought this is the right time for me to do this.
Q: Can you share with us what your future plans are going to be?
A: Right now it is more in the private equity space. We have set up a fund. I will be spending some time there. Slowly I want to expand more into more private equity funds and try to see how we can add value.
Q: You do not have plans of moving on to larger IT, may be Accenture or an IBM. They have been on the look out for executives. Any plans of moving on to another IT company at all within the space?
A: Right now nothing of this sort is in my mind.
Q: I want to understand if I am correct, over the last three to four months there have been concerns raised by clients and we have understood that from our sources as well that there have been concerns about attrition, about senior level exits, what really will you say to clients right now?
A: Any large company when it goes through a large transformation you will always see some exits, you can't avoid that. You have to see whether the company has got good management talent which will take the ball and run. Infosys has time and again demonstrated that it has got good leadership bandwidth which will come and take this space. So, I don't think clients should be more worried about this.
Q: Have they been concerned about the recent exits and the attrition in the company currently?
A: I don't think so. Even if they are concerned probably we will address that. I don't think that is a big issue.
Q: Could it be that your private equity ambitions are sort of a transition ambition given that many senior executives at your level would have non-compete etc that don't allow them to join a competing company immediately?
A: Right now, I don't have any such thoughts. Right now I am spending more time in the private equity space.
via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGnnJPMtUhTm97s4CprN7vZuG2iaA&url=http://www.moneycontrol.com/news/business/murthy39s-return-isbest-thing-for-infosys_1012004.html
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