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Deemed to be the most stable management in the Indian <keyword id="6354185" type="ENTERTAINMENT" weightage="20" keywordseo="IT">IT</keyword> sector, Tata Consultancy Service with a sudden shuffle in its top management is showing traits of its <keyword id="6354321" type="CITY" weightage="20" keywordseo="Bengaluru">Bengaluru</keyword> based rivals <keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword> and <keyword id="6354512" type="CITY" weightage="20" keywordseo="Infosys">Infosys</keyword>. While the latter have been thundered with resignations and shuffles in last few months, TCS was a way better until its head of business process services <keyword id="2067405" type="PERSON" weightage="20" keywordseo="Abid-Ali-Neemuchwala">Abid Ali Neemuchwala</keyword> moved to Wipro. 
 As per a news report by The Economic Times, Vish Iyer, who was the company's <keyword id="2540" type="POSITION" weightage="20" keywordseo="President">president</keyword> " Asia Pacific, was replaced by Girish Ramachandran in Janauary. Iyer is now <keyword id="192276" type="POSITION" weightage="20" keywordseo="global-head">global head</keyword> for legal and corporate affairs, TCS' investor relations page shows. 
 J Rajagopal, executive vice president and global head for consulting, stepped down from the role December, his profile on professional social networking site <keyword id="28120" type="CITY" weightage="20" keywordseo="Linkedin">Linkedin</keyword> shows, confirmed the financial daily. The responsibility for consulting was moved to Krishnan Ramanujam who is also the <keyword id="2835786" type="UNKNOWN" weightage="20" keywordseo="global-head-for-enterprise-solutions">global head for enterprise solutions</keyword>. Rajagopal is now an <keyword id="2835785" type="UNKNOWN" weightage="20" keywordseo="advisor-at-TCS">advisor at TCS</keyword>. In March, TCS also appointed <keyword id="2763091" type="UNKNOWN" weightage="20" keywordseo="Aarthi-Subramanian">Aarthi Subramanian</keyword>, its global <keyword id="212848" type="POSITION" weightage="20" keywordseo="head-of-delivery">head of delivery</keyword> excellence, to its board. 
 
The news report by the financial daily reads, part of the reason for the moves is also a result of a problem that the Indian IT industry is just beginning to face. In the past, high-performing talent could always be given better roles as the industry was expanding into new service lines and geographies. But as the industry has grown and matured, new areas to expand into have grown scarce. 
 "With the <keyword id="5645" type="POSITION" weightage="20" keywordseo="CEO">CEO</keyword> being quite a long way from retirement you have leaders of similar age moving on to CEO/COO roles as they will never gthe chance at TCS. Abid is one such person. They are also moving aside people to allow up-&amp;-comers space to lead and grow," Peter Bendor-Samuel, CEO at IT outsourcing consultancy, Everest told the ET. 
 
Analysts say that though growth at TCS has slowed over the past few quarters, the management changes are unlikely to be a reflection of that. 
 "I wouldn't ascribe the changes to the quarterly results. TCS has been one of the fastest growing companies in the Indian IT sector. I would say it is the normal process in the company," Thomas Reuner, <keyword id="24973" type="POSITION" weightage="20" keywordseo="managing-director">managing director</keyword> of IT outsourcing research at consulting firm HfS Research told the ET. 
 That is something TCS' Chandra has also said in an interview in April with the ET. "All of our units are run by very strong leaders," Chandra said. "So to be very <keyword id="227" type="PERSON" weightage="20" keywordseo="Frank">frank</keyword>, if you can take away one message, it's that our execution is solid. We have never had an execution issue. So, we are not going to rejig the structure for execution."

TCS has many new faces. Know
them all

A gun and grenade attack at the <keyword id="3712741" type="PERSON" weightage="20" keywordseo="pakistan-stock-exchange">Pakistan Stock Exchange</keyword> (PSX) in Karachi on Monday claimed the lives of two civilians, authorities said, adding that law enforcement agencies have gunned down all four militants that stormed the building and opened indiscriminate fire. Police said militants launched a grenade attack at the main gate of the PSX and stormed the building after firing indiscriminately, Geo News reported. A police officer and the security guard stationed outside the PSX building were also injured in the attack. People inside the PSX building were evacuated from the backdoor. Confirming the attack in a tweet, PSX Director, Abid Ali Habib said: "An unfortunate incident took place at the Pakistan Stock Exchange. "They (terrorists) made their way from our parking area and opened fire on everyone." Speaking to Geo TV, the Inspector-General Karachi said that the situation was under control and all militants had been killed in the attack. He said that Rangers and police officials had entered the building and were conducting a search operation. Sindh Governor Imran Ismail condemned the incident, saying: "Strongly condemn the attack on PSX aimed at tarnishing our relentless war on terror. Have instructed the IG &amp; security agencies to ensure that the perpetrators are caught alive &amp; their handlers are accorded exemplary punishments." The PSX is located at the heart of Karachi's business centre. Important buildings like that of the State Bank of Pakistan is located near it.

Gun and grenade attack at Pakistan Stock Exchange kills six

One after the other, Wipro is poaching veterans from <a href="http://www.businessinsider.in/searchresult.cms?query=tcs">Tata Consultancy Service (TCS)</a>. Having poached Abid Ali Neemuchwala as its operations chief, Wipro has now picked up another top executive from TCS, Dave Chopra as Vice President of its key global infrastructure business. 
 
"Wipro can confirm that Dave Chopra has joined the company as vice-president, global infrastructure services, and will be responsible for driving strategy, marketing and business development for GIS. He will report to GK Prasanna, chief executive &amp; president, global infrastructure services, Wipro," a <a href="http://www.businessinsider.in/searchresult.cms?query=wipro">Wipro</a> spokesperson said. 
 
Infrastructure services business contributes nearly $2 billion, or about Rs 13,200 crore, of annual revenues to the <a href="http://www.businessinsider.in/searchresult.cms?query=wipro">Bengaluru-based IT major</a>. 
 
Chopra has been the global head of strategy for infrastructure services at TCS and has spent nearly 15 years at the country's top software exporter. As per his LinkedIn profile, he joined Wipro in August and is based out of New York. 
 
According to a report by outsourcing advisory ISG, at least $250 billion, or about Rs 16,50,000 crore, worth of deals are coming up for renewal in the next three years, with a significant chunk of it being driven by infrastructure services. 
 
<a href="http://www.businessinsider.in/Number-of-crorepatis-is-rising-in-Wipro-Find-out-how/articleshow/47876772.cms">Also Read: Number of crorepatis increasing at Wipro</a> 
 
Since Neemuchwala, former head of TCS' business process outsourcing division, came on board as president and COO in April, Wipro has poached some senior executives from TCS. The list includes Ankur Prakash, who heads emerging markets business of Wipro, and David D'Lima, head of its newly-created integrated services and solutions group — an initiative being personally driven by Neemuchwala. Neemuchwala, a potential CEO for Wipro in future , is trying to replicate a strategy of bundling together services and solutions that multinational rivals such as IBM have adopted for years to serve top clients. 
 
Since last few years, Wipro has lagged peers such as TCS, Infosys and US-based Cognizant Technology Services, and struggled to maintain consistency in its performance, triggering many overhauls and reshuffles inside the company. 
 
(Image: Blog CEB)

Here’s why TCS needs to be cautioned about Wipro’s intentions

As more and more IT companies are looking to hire in the US, they are downsizing staff in India, inviting wrath of employees, who are now approaching labour unions. After reports <keyword id="28721" type="CITY" weightage="20" keywordseo="Cognizant">Cognizant</keyword> laying-off as many as 6,000 employees in India surfaced, it sent jitters to the employees. Cognizant has also come up with a VRS programmes, asking top level employees to take it up. Apart from Cognizant, <keyword id="6354512" type="CITY" weightage="20" keywordseo="Infosys">Infosys</keyword>, <keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword> and Capgemini are also preparing for lay-offs. As per reports, Infosys may ask around 1,000 employees in job level 6, which comprises group project managers, project managers, senior architects and higher levels, to leave. Even Wipro CEO Abid Ali Neemuchwala, in an internal conference call, said nearly 10% of employees would be let go this year if the revenues did not grow. In Wipro, the product engineering team may face the heat. Various reports suggested even Capgemini will sack 9,000 people, or nearly 5% of its workforce. However, the company said they don't have any lay-off plans. "We expect to recruit more than 20,000 new team members in India this year. Each year our employees are evaluated based on strict performance criteria in an objective process, consistent with industry norms, to ensure we are aligned with our customer needs, business priorities, and the overall industry evolution. This leads naturally to a varying number of employees transitioning out of the organization in any given year. We are highly committed to continuous talent development and building the capabilities of our employees to help them stay relevant. We continue to accelerate our training programs in 2017 with over 2,000 India employees having already undertaken up skilling and emerging technologies training alone," Capgemini said in a statement. Peter Bendor Samuel, CEO of IT consulting firm Everest Group, told Times of India the industry growth has slowed and the "arbitrage first" segment (traditional IT services) is in secular decline. "When this is added to the pyramid factory model, which requires new freshers to be brought in every year to keep cost low, it results in an excess of more experienced employees," he said.

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TCS has many new faces. Know them all

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Gun and grenade attack at Pakistan Stock Exchange kills six

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Here’s why TCS needs to be cautioned about Wipro’s intentions

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Worsening situation? Infosys, Wipro to cut jobs; middle-level employees to be worst hit

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