The good news is that whether it is the former or the latter, it is entirely within management’s control. The purpose of strategic planning is to develop a three- to five-year blueprint for the organisation’s future. The traditional business model has not disrupted but it is evolving and it essentially means broadening of services by IT players to take ownership of the entire spectrum of customer applications. However, with an unyielding fortitude, he not only scaled every challenge victoriously, but also acquired profound wisdom from each one of them. Innovation is directly proportional to the attitude and approach of the senior management. CP Gurnani of Tech Mahindra weighs in on 5G networks, Huawei and the role that the IT industry plays in India's economy. The salary hike will be rolled out in a phased manner. He says the industry's goals are "doable" but will require both a … Things like automation and DevOps to ship products and changes to customers faster, cognitive computing, artificial intelligence (AI) and machine learning to draw inferences from the data and challenging the given norm of doing things by applying innovative yet sustainable techniques are some of those pillars which have and would continue to have profound impact on the outsourcing industry in the near future. Managing Director And Chief Executive Officer, Tech Mahindra. The focus of the message could be on things like agility, talent and sustainability. "We have had 17.5% EBITDA in the previous quarter. I have always believed in the power of empowerment and fostering entrepreneurship in people. Secret Diary Of CP Gurnani Part-1 | ... My mother was always in this constant battle trying to run the house on a single government salary. In our country today, we have a 500 million young minds, that is, people who are <20 years. In an interview with Amit Ranjan Rai, Gurnani speaks on his priorities for Tech Mahindra and how he plans to keep it ahead of the game in this age of disruption. If planning is a journey, the first two steps of the process — information gathering and analysis and identifying strategic issues — tell us where we are. According to an industry report by Nasscom, the analytics market in India could more than double from the current $1 billion to $2.3 billion by the end of 2017-18. Another thing is, whether it is Pininfarina, Target Group or Bio Agency, we will see how these assets are part of our overall transformation from just being an IT services provider to a “digital transformation” player. At Makers Lab, our philosophy has been to get answers to ‘WHY’ before the ‘WHAT’ or the ‘HOW’. Finally, we translate goals and strategies into concrete action through the development of objectives. This includes the IRIS (Ideate, Refine, Implement, Shine), intrapreneurship programme, Makers Labs, innovation with start-ups, portfolio management, university collaboration and campus connects and finally in-house IPR. This is making most of the ways of doing things exceptionally well in the past invalid in this new environment. Strangely, living out of suitcases and sleeping on beds made of trunks didn’t seem odd actually! b) A holacractic process (a process defined by what you do and not what is your designation) developed within teams and labs. We get to the vision through the accomplishment of goals. Before this, he used to work for Amazon in Seattle. We have about 900-plus accounts and our biggest opportunity lies in being a true partner to these customers and accounts. RUN is about enabling customers to do their existing business more efficiently. The vision was how to connect with people and simplify people’s lives by creating experiences. In order to align with that strategy, we have recently changed our brand positioning to reflect that. Bharat Biotech to begin Phase 3 humans trials in Punjab. The first and foremost was how to bring all employees to see a common purpose. Success is never his alone. A year or two back, the discussion, when it came to digital, was on DevOps and automation. Those organisations that encourage and reward innovation and reinforce flexibility will enjoy a competitive edge in the quest for high- potential talent. When they discovered America — they called it a land of opportunity — it had very few people and a lot of land and resources. c) Set up labs and infrastructure like a garage to enable associates to tinker with technology and take ideas to the next level. Tech Mahindra's CP Gurnani, MD & CEO; Manoj Bhatt, CFO and Vivek Agarwal, Healthcare and financial services - Global Head, talks about the quarterly … Watch him speaking at the … That … Asus ROG Zephyrus S15 review. It is true that businesses are seeing a tectonic shift. This will help in giving a hand-holding to customers in order to have an empathetic connect with customers to understand challenges affecting them directly or their customers in turn and produce effective innovations. Read breaking stories and opinion articles on Cp Gurnani at Firstpost. Companies are banking upon big data and analytics. So the point is that we have been winning business in the relevant areas using our strong capabilities in our traditional areas and combining with our deep expertise in the emerging technologies. However, how each organisation deploys these strategies is what makes it different and successful. The life of CP Gurnani has been a saga of innumerous transitions. This required me to change schools and places in every few years. The move is aimed at turning these entities into standalone companies. It’s the teams! The new brand tagline is “Connected World. 606, 6th Floor, DLF Saket Court, Saket District Center. This will certainly result in improved efficiencies. Tech Mahindra’s CP Gurnani, MD & CEO and Manoj Bhatt, CFO, talk about the quarterly numbers that the company has posted, margins, $290 million deal win, future of digital contracts and recovery in the global market among others during an exclusive interview with Swati Khandelwal, Zee Business. Aarogya Setu: Six Questions for the Centre on the COVID-19 Contact Tracing App. My childhood was fairly nomadic as my father was in a transferable job. CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, “The 5G revolution will unlock unprecedented opportunities in every industry vertical. And mission — reminds us why we’re on the journey in the first place. Saral Rozgar and Microgrid could raise money by the end of this year. I see increased focus by the industry on things like intellectual property (IP) development, the creation of products and platforms and embracing of newer technologies like automation in the days to come. However, owing to the advancement in technologies like machine learning, big data, artificial intelligence, automation which is well supported by internet of things, the industry going forward is going to be a lot more machine- dependent as well. TechM Next today has the presence in the Valley and Israel to tap into the opportunities and talent in companies that are starting in the B2B space. This acquisition augments Tech Mahindra’s digital portfolio — digital strategy, service design and customer experience. Meanwhile, I got an admission offer from FMS (Faculty of Management Studies) in Delhi but decided not to take it because I was having fun in my career. Reward and recognition, open communication, transparency in our workings and encouragement have all been key to successful leadership. So, things were always During the restoration, we had to deal with many challenges. Gurnani will take on the new role as Chairman of NASSCOM effective 6 April 2016. They should look at opportunities of co- creation and co-innovation. We will continue to look for such opportunities. As a front-runner in the industry, we have been part of the business impact stories and now increasingly contribute to transformational strategies. So while we change our portfolio and service line, which is reflected in our approach towards DAVID strategy (DAVID is short for Digitalisation, Automation, Verticalisation, Innovation and Disruption), we have laid a clear goal on how to approach each customer and each account, and this model is called RUN, CHANGE and GROW. Mr CP Gurnani, the CEO and Managing Director of Tech Mahindra, is the present Chairman of NASSCOM for FY 16 – 17. ... Research & Publishing House Office No. We had to find some kind of a game changer and Satyam was an opportunity.” Satyam brought with it customers in the banking, healthcare and retail industries. The biggest question is will machines or robots replace human beings, in this industry? His leadership style encourages entrepreneurship and empowerment, rewards and recognition, open communication, and transparency. Standardising processes also contributes to an agile environment. Ours is a very customer-centric approach. CP Gurnani (popularly known as ‘CP’ within his peer group), is the Chief Executive Officer and Managing Director of TechMahindra. Given the demographic and generational shifts we are witnessing, we as leaders should demonstrate and be role models for openness to different perspectives, ideas and styles. Best portable gaming laptop of 2020. Ours is the first corporate garage for the start-ups that are an integral part of our business offerings. Our son Ashish is a co-founder of the start-up PostFold along with Aashray Tathai. Transparency, communications and the ability to take swift decisions are some of the other aspects. We already have some aspect of XRetail being used by a large retail player in Latin America. He said that telecom operators have demonstrated during COVID-19 … These include Entellio, a chatbot-based platform which is being developed as “conversation as a platform”; XRetail, a platform similar to Amazon Go and that uses sensors, artificial intelligence, robotics and augmented reality for the retail sector; and a platform for internet videos (IVP). Without a corporate strategy to reach defined corporate goals, innovation will be misdirected and unguided. CP Gurnani is CEO and managing director of Tech Mahindra. Grappling with the likely fallout of the US government's proposed H-1B visa reform bill in the US House of Representatives, CP Gurnani, Managing Director and Chief Executive Officer, Tech Mahindra, hopes that things will become better once Prime Minister Narendra Modi meets US President Donald Trump, most likely in June. In 2013, Mahindra Satyam merged with Tech Mahindra, and it is today the fifth- largest IT services company in India with $4.05 billion in revenue and $477 million in net profit (March 2016), and over 100,000 employees. In 2009, when Anand Mahindra acquired the scam-hit Satyam Computer Services — the IT major whose founder B Ramalinga Raju had cooked its books to the tune of $1 billion — he handed over the momentous task of bringing the company back from the dead to CP Gurnani, then heading the international operations at Tech Mahindra. Therefore, it is critical that leaders demonstrate agility by empowering others to make decisions rather than limiting decision-making to a select few at the top. He hears us out and doesn’t even bat an eyelid. What should we call India if most of these minds are tuned with even a few good ideas or at least one good idea? Indian IT companies need to approach disruption by strengthening onsite presence. All Rights Reserved, Tata Motors to Hike Prices from January 1st, Mahindra Group is all geared up to acquire Pininfarina. For example, in today’s dynamic environment, decisions must be made quickly. He/she needs to take the help of all existing as well as new age platforms such as group mails, blogs, town halls, internal chat platforms, webinars, teleconference and so on to communicate with the employees and senior executives. At Tech Mahindra, we’ve created a corporate environment based on encouraging employee initiative, delegation of authority and strong career development. The communication themes should include things like shaping their organisations to be more nimble and flexible, less hierarchical, and more networked. Politics. CP Gurnani, MD of Tech Mahindra, talks about the currency of people management and how it's helping create India 4.0. Report from TiECON Mumbai 2016 Mumbai, 7 Jan 2016: CP Gurnani (CP) is credited with playing a key role in the merger of the ill-fated Satyam with Tech Mahindra. Talent can be an organisation’s greatest asset or liability. In the CHANGE section, we enable our customers to change their service offerings/portfolio to their customers so that they are ready for today, tomorrow and the future. Since then, one event has led to another and all I have to say about the whole experience is “I was willing to experiment, I was willing to make mistakes, I was willing to do things which were considered difficult by others and I was willing to challenge conventional thinking.”. In 2009, when Anand Mahindra acquired the scam-hit Satyam Computer Services — the IT major whose founder B Ramalinga Raju had cooked its books to the tune of $1 billion — he handed over the momentous task of bringing the company back from the dead to CP Gurnani, then heading the international operations at Tech Mahindra. We plan to open up more such co-innovation labs around the world with our customers. ... vacuum your house and toss treats to … Moreover, the exact nature of the CEO’s role is influenced by the magnitude, urgency and nature of the transformation; the capabilities and failings of the organisation; and the personal style of the leader. Now it is the service that must seek out the customer and that too through peer influence and not the conventional media. It's a great opportunity for India,' Tech Mahindra MD and CEO CP Gurnani said at India Mobile Congress 2020. It can improve the bottom line through unprecedented efficiency at scale and it can improve governance through unprecedented monitoring at scale. We will continue to look at such opportunities going forward. Succession planning should not only be about reducing risk; it has to be about finding the best successors. By smart machines, we meant, AI, cognitive computing, augmented and virtual reality and IoT. To further expedite the process, decisions should be based on guiding principles rather than on a fixed set of rules. The other big challenge was how we hold on to available talent while simultaneously being able to attract new talent into the system. Gurnani had taken the bull by its horn, turning around the crisis-hit company into an opportunity. A distinctive leadership framework — one that defines success quotients — provides direction on what it will take to lead and shape organisations in the future. Challenging conventional thinking has been our north star. The initiatives I pursue outside my corporate life are connected to that of my family. Actions of top managers should set the context, guide the process, clearly communicate reasons, shield creative teams, appreciate distinctiveness in people and their thinking, and welcome change. With Western Europe, the US, South Korea, Japan and even China ageing, this demographic potential offers India and its growing economy an unprecedented edge that economists believe could add a significant 2 per cent to the GDP growth rate. Get more India News and Business News on Zee Business. In my view, an entrepreneurial manager is a leader who takes calculated risks but also leads his team to its goals. Once I got into the business side, the first thing I did was project management. Sunday, September 27, 2020. Our daughter Sanya is an entrepreneur, who has graduated from the Harvard Business School, and is currently working in California. 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