As the New Year sets in, the Indian IT industry is still grappling with some
of the issues of 2007. There were some which were run-of-the-mill, and others
which came somewhat unexpected. One question which probably looms large over us
is: does the Indian IT industry need fresh young blood to sustain growth and a
fresh line of thinking? And, if it does: is the Gen X, in our ownership driven
empires, ready to take on the challenges?
As they talk about their vision and dreams, what clearly stands out is their
commitment, along with loads of self-confidence, enthusiasm and charisma,
packaged with the right mix of entrepreneurial skills. International exposure,
hands on experience, refreshing ideas, and realigned focus puts them in an ideal
situation to drive the next round of IT growth in India. Many belonging to this
young brigade have studied abroad, mostly in the US. Chairman of Wipro
Technologies, Azim Premjis Harvard returned 28-year-old son, Rashid Premji,
joined Wipro earlier this year in July. While there is still time before the
final succession happens, Azim Premji was, at an earlier occasion, quoted as
saying that his sons will not inherit the empire unless they prove their worth.
Rashid, who worked as a management trainee in GE, is being groomed for bigger
responsibilities in the finance solutions team headed by Garish Paranjape of
Wipro. However, it needs to be seen how soon he takes charge of things
independently.
The other stalwarts are Infosys Technologies chief mentor and chairman, NR
Narayana Murthys two children, Akshata and Arjun, who are currently studying in
the US. While the world waits to see how soon they inherit the business fortunes
of these huge empire, there are others who have already been proving their
worth.
Cashing on Opportunities |
Rahul Kanodia, vice chairman & CEO,
Datamatics Technologies
At an age of
twenty-five, he established Datamatics America in 1992 in New York, and was
appointed managing director of Datamatics in 1996. While conceptualizing and
implementing growth strategies, and forging strategic alliances with Fortune
500 companies, Rahul had initiated organizational restructuring and
financial re-engineering for supporting rapid growth.
When I took over, I did not have a specific
vision in mind. That came much later when there arose plenty of
opportunities here in India, says Rahul. There, of course, is a significant
difference from the way his father (Dr Lalit S Kanodia) operated, says he.
IT wasnt as big as it is right now, and technology hadnt redefined the
way we live, the way it has done today. Then technology drove the growth but
nobody could say for sure how the industry would evolve. And now we know
what a long way it has come, and that it is the business opportunities that
are driving growth.
As a part of his vision, Kanodia junior says
cashing on opportunities is what he wants to do. He wants to see Datamatics
in the billion-dollar club in the next 3-5 years. His specializations in
Management Information Systems, an MBA, a major in Business Strategy and
Marketing, and a minor in M&A and Turnaround Management from the US, equip
him with the right tools. He says, Studying abroad not only gave me the
management and analysis skills needed to run the company, but also allowed
us to align our business needs according to the way clients function. |
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Calling the Shots |
Devita Saraf,
Zenith Computers
The list of heirs is long but one name we surely
cant skip is Devita Saraf, daughter of Raj Saraf, executive director of
Zenith Computers. Devita calls the shots in a mans world as CEO, UV
Technologies. She began her career six years ago in the marketing department
of Zenith Computers while she was still a student.
Since then there has been no turning back.
Father Raj Saraf, MD, Zenith Computers, says, She is innovative when shes
on business. She thought there was a potential in the luxury products of
electronics, and thats how UV Technologies was created.
Devita has been heading the department for
the last one year and today handles all the marketing activities for Zenith
nationwide, including brand building. Devita had spearheaded the launch of
Indias first education computers and laptops under the sub-brand Topper.
Though Raj Saraf underlines that her vision
is not the same as his had been: My focus has always been on making
technology affordable and bringing in the latest technology in India,
whereas she clearly wants to cater to the high-end luxury market.
Her hands on approach has led her to
personally visit and interact with dealers and partners in cities all across
India. The hands on approach is, in fact, the first thing most of these
entrepreneurs, standing on the threshold of the next wave of growth of the
IT industry, focused on as they joined their respective companies. |
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Making it Big |
Ratul Puri,
executive director, Moser Baer
Ratul Puri, son of founder, Deepak Puri, is
responsible for the overall corporate management and financial control of
the companythe worlds third-largest manufacturer of optical storage media.
Ratul has made significant contribution to the business. Under his
leadership, the Moser Baer finance and corporate strategy team got various
institutions like IFC, Electra partners and EM Warburg Pincus to invest in
the company. |
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Catalysts of Change |
Nishant Arya, RR Sytems
Another case in point is Nishant Arya of RR Systems. Nishant says, When I
took over, a large part of my attention went to make our organization
professional in every way possible. At the same time I wanted to get rid of
all obstacles that prevented the organization from being employee friendly.
Nitesh Bhandari,
Texonic Instruments
Nitesh Bhandari says, All my focus had been on capturing more and more
business clients. Earlier, we never visited our customers, we waited for
them to come to us. In that sense the way we approach business has
undergone a drastic change, he says. Nitesh has big plans of setting up a
manufacturing facility in India in the next couple of years. |
A
People-centric Approach |
Atul Modi, Modi Peripherals
Atul Modi of Modi Peripherals feels the same way
that more than a healthy work environment one also needs to be
people-centric. The first visible change when I joined was definitely the
effort to clearly move away from the lalagiri attitude which is typical in
the channels business. As anywhere, things obviously cannot be single
person driven, he adds. |
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Aiming Billion Bucks |
Vishal Grover, CMS Computers
Thirty-two year old Vishal Grover, vice chairman, CMS Computers, says, When
I joined, I started looking at things from a larger perspective such as how
do we position ourselves as moving up the value chain along with our
customers by becoming their business partners, which earlier we did not do.
Vishal wants to take his company to the one
billion dollar mark by 2011. My focus, in terms of business targets, is to
go for globalization and verticalization. Because, for me, I already had the
platform ready but my job is to take it to new heights, and to structure CMS
for the next wave of growthit could be through an IPO or other financing
means.
At thirty-two, he has proved his mettle in
the IT space. Apart from his strategic responsibilities at CMS, Vishal is
leading SYSTIME (a CMS Group company) as president and CEO. SYSTIME is a
global business and technology solutions company and the international
software arm of CMS. Under Vishal, the international business has seen a
phenomenal growth in the last six years, accounting for 25% of the CMS
Groups revenues, and is expected to contribute about 50% of the Groups
projected revenue target of $1 bn in the next five years. |
So, has the Gen X arrived? Well, that needs to be seen. How well they sustain
growth, and whether or not they manage to take IT to the next level. Their
hands-on approach, heavy focus on selling and marketing, strategies for cashing
on opportunities, and making cutting-edge changes in the work culture speak
volumes about their preparedness.
Urvashi Kaul
urvashik@cybermedia.co.in