In the middle of June three years ago, a media statement from Infosys announced a change of guard. Vishal Sikka, member of the executive board at SAP, would replace SD Shibulal, one of the company’s founders, as MD and CEO. It marked a new era where a professional would, for the first time, occupy the corner office. It was historic in ways more than one. The job on hand for Sikka was simple: bolster growth and margins. While he did manage to deliver on both counts, he is out of Infosys after three eventful years following a series of differences with the promoters, who have been vocal about their concerns on what they termed as serious lapses in corporate governance in the company.
The wheel has come full circle with control back in the hands of the promoters and Nandan Nilekani, back at the helm as the non-executive chairman of the company he co-founded with seven others in 1981. As one of its successful CEOs, Nilekani does inspire a lot of confidence among all the stakeholders and brings the much needed stability as Infosys faces itself in yet another leadership crisis. But the strategic dilemma on the way forward for Infosys remains. Nilekani has indicated that the company will unveil its new strategy in October, which also includes looking for a new CEO and reconstituting the board. The move to a more digital-led model from a traditional services model will take a backseat in the near term as the company is likely to focus more on execution of existing projects well, rather than looking a