Economic Times News Essay

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Economic Times Thakkar leads race for CEO of Infosys BPO BANGALORE: Infosys BPO will soon have a new boss at the helm. The company's CEO Swami Swaminathan is retiring and Gautam Thakkar, VP and head of enterprise services in InfosysBSE -1.40 % BPO, is said to be the frontrunner to replace Swaminathan. Sanjay Jalona, vice president and head of manufacturing in Infosys, is also among those shortlisted by the company's selection committee. An announcement is expected together with the announcement of Infosys's financial results for the third quarter on January 11. Swaminathan took over as the CEO and managing director of Infosys BPO in January 2010. He has over 30 years of experience in multiple roles including general management, finance and accounting. Prior to this, Swaminathan was senior VP and head of global delivery and horizontal practices. The BPO division employed 22,918 people at the end of September 2012. It had Rs 1,769 crore in revenue in 2011-12, a 20.2 per cent growth over the previous year. The company's net profit grew 53.6 per cent to Rs 321 crore in the same year. The BPO division accounts for about 5 per cent of Infosys's total revenue of $7 billion. Thakkar, one of the founding employees of Infosys BPO, is responsible for finance & accounting, sales & fulfillment, human resource outsourcing, sourcing and procurement, legal process outsourcing and customer services which include over 15,000 professionals contributing to more than 70 per cent of Infosys BPO's revenue. Thakkar is part of the Infosys BPO executive council and he also manages deal advisory relationship in the company. He joined the company in 2000. Prior to joining Infosys, Thakkar worked with Accenture in their strategic services practice and advised clients on business transformation, organizational and profit improvement strategies. Sanjay Jalona,
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