Infosys is introducing a new strategy to boost growth. Here’s what it is

After breaking businesses into 14-15 smaller units, Infosys is now putting a strategy in place in which horizontal delivery heads will also be responsible for Profit and Loss (P&L) statements.

Presently, industry unit heads were asked to run their business with separate profit and loss statements.

In a bid to boost growth, Infosys will make its horizontal delivery heads operate under a P&L structure as well in the next two quarters.

"We want even horizontal leaders to take control of their areas and run it as a P&L. If they do something innovative in SAP in manufacturing, they should also be proactive in taking it to other areas. It shouldn't only be sales people who suddenly decide they can cross-pollinate," UB Pravin Rao, chief operating officer at Infosys, told ET in a recent interview.

The horizontal structure is led by Chief Delivery Officer Ravi Kumar S and has nearly 15 executives responsible for day-to-day of the delivery operations.

"Under Ravi we already have 13-15 different people who have been running different things like SAP and Oracle delivery. On the sales side, we still kept it aligned to industry because that is important. So, the 13-15 vertical heads will work with the delivery heads. But it won't be a one-to-one relationship," Pravin Rao said.

“In these two quarters, we will create the financial structure and models, so from the next financial year, they can run it as a true P&L," Rao said.

Infosys wants to get back on the growth trajectory as FY16 has been a tough year for it.