In my view, an entrepreneurial manager is a leader who takes calculated risks but also leads his team to its goals. 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). Get more India News and Business News on Zee Business. 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. An anticipatory workforce — one that thrives on innovation — will be an essential determinant of future success. Speaking on the occasion, Mr. CP Gurnani, Chairman, NASSCOM, stated, âGICs are an integral part of the Indian IT-BPM sector and have played a stellar role in contributing to the growth journey of this industry. These factors motivate! As the data we generate every micro- second grows and accelerates at a rapid velocity, the requirement for making a business decision is shifting from hindsight-based decision making to a foresight-based approach. CP Gurnani (popularly known as âCPâ within his peer group), is the Chief Executive Officer and Managing Director of TechMahindra. By 2020, the average age in India will be 29 and it is set to become the world’s youngest country with 64 per cent of its population in the working age group. I enjoy spending time with my family and close friends. We are nurturing start-ups inside the company, by our own incubator called TechM Growth Factories and we are driving partnership with start- ups, through each of our competency and vertical with our own model which we call TechM Next. 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. The move is aimed at turning these entities into standalone companies. 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. b) A holacractic process (a process defined by what you do and not what is your designation) developed within teams and labs. Reward and recognition, open communication, transparency in our workings and encouragement have all been key to successful leadership. Ours is the first corporate garage for the start-ups that are an integral part of our business offerings. For us, the Mahindra’s core purpose of challenging conventional thinking has been our North Star. 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. 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. RUN is about enabling customers to do their existing business more efficiently. ... Research & Publishing House Office No. The focus of the message could be on things like agility, talent and sustainability. Italian engineer and designer, Paolo Pininfarina with CEO and MD of Tech Mahindra, CP Gurnani Earlier we had reported that the Mahindra Group â¦ Most of all, he stands out as a people’s manager, who always leads by example and tends to focus on people’s strengths to bring out the best in them. However, with an unyielding fortitude, he not only scaled every challenge victoriously, but also acquired profound wisdom from each one of them. "We have had 17.5% EBITDA in the previous quarter. So, things were always Gurnani had taken the bull by its horn, turning around the crisis-hit company into an opportunity. This is making most of the ways of doing things exceptionally well in the past invalid in this new environment. 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.”. 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. Mr CP Gurnani, the CEO and Managing Director of Tech Mahindra, is the present Chairman of NASSCOM for FY 16 â 17. His leadership style encourages entrepreneurship and empowerment, rewards and recognition, open communication, and transparency. For this one has to have a focus and make sure it is part of the annual plan. She is doing a start-up in CRM for real estate. Challenging conventional thinking has been our north star. Innovative start-ups and disruptive technologies have together created exciting times for our country. Secret Diary Of CP Gurnani Part-2 | ... We couldnât reach him so we decided to go to his house, where he was hosting a Diwali party. 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 has extensive experience in international business development, start-ups and turnarounds, â¦ To build such a workforce, leaders must themselves demonstrate agility and embed it into the way work is done throughout the organisation. MUMBAI: Tech Mahindra, the IT arm of Mahindra Group, expects two of its in-house startups to raise external funds by the end of 2016 as part of its plans to turn these entities into standalone companies. Also, we knew that we would not be able to get this across unless our broader vision of connectedness and experience was brought into the mould. Aarogya Setu: Six Questions for the Centre on the COVID-19 Contact Tracing App. Latest News on Cp Gurnani. CP Gurnani, CEO, Mahindra Satyam speaks to NDTV Profit about its Q4 results, which were above estimates. During the restoration, we had to deal with many challenges. 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. This perhaps looks quite far-fetched, but certainly a lot of the low-end repetitive and mundane works in the industry is increasingly mechanised. CP Gurnani, MD & CEO, Tech Mahindra, said, âWeâre delighted to welcome BORN Group to the Tech Mahindra family. Those organisations that encourage and reward innovation and reinforce flexibility will enjoy a competitive edge in the quest for high- potential talent. 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. Our growth strategy is based on markets or geographies as we call in our terms, product portfolio or service lines and an organisation structure that enables it to deliver on the goals we have set for ourselves. The next step — developing a vision — helps us determine the destination. While that meant fewer friends forever (this was pre-social media… social and media had different meanings), that also meant that we learnt to fend for ourselves and survive swiftly in any given situation. Politics. It can improve the bottom line through unprecedented efficiency at scale and it can improve governance through unprecedented monitoring at scale. If you look at our acquisition history, leaving aside Satyam, you won’t find any big bang or large acquisition. Gurnani will take on the new role as Chairman of NASSCOM effective 6 April 2016. Born in the fatherland of Central Reserve Police Force- Neemuch, Madhya Pradesh, CP Gurnaniâs childhood was spent in various cities of Rajasthan like Chittorgarh, Kota, Jodhpur and Jaipur due to multiple transfers his fatherâs job at Central Bureau of Narcotics offered. Sunday, September 27, 2020. 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. At Makers Lab, our philosophy has been to get answers to ‘WHY’ before the ‘WHAT’ or the ‘HOW’. My childhood was fairly nomadic as my father was in a transferable job. To begin with, there is no single model for success. It's a great opportunity for India,' Tech Mahindra MD and CEO CP Gurnani said at India Mobile Congress 2020. 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. The WHY was important as it meant we were empathetic to our consumers’ needs; we knew what they wanted. And mission — reminds us why we’re on the journey in the first place. I always believed in entrepreneurship and empowerment, and I don’t think that has changed much between then and now. Bharat Biotech to begin Phase 3 humans trials in Punjab. 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. 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. In the next several quarters, it reported a ten-fold increase in its year-on-year profits. 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. We have about 900-plus accounts and our biggest opportunity lies in being a true partner to these customers and accounts. It’s the teams! We knew that the technology world would only become focused on something called “smart machines”. Before this, he used to work for Amazon in Seattle. Within a year-and-half, the company that most industry pundits predicted would not survive, now christened Mahindra Satyam, was back on track. CP Gurnani | Print Edition: February 9, 2020. 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. I am seeing the industry is reaching a level of maturity as it gets ready to cater to a brave new world as the world is increasingly becoming interconnected with the proliferation of smart devices and smartphones. To me, the future would not belong to those who graduate from B-schools alone; the future would be ruled by the ones who apply those learnings, as entrepreneurial managers. One of the major impacts of digital disruption on the outsourcing industry is the need to become more agile to service the customer in the fast-paced world. This required me to change schools and places in every few years. The salary hike will be rolled out in a phased manner. Companies are banking upon big data and analytics. He said that telecom operators have demonstrated during COVID-19 â¦ Read Excerpts below â We believe in theâ¦ The initiatives I pursue outside my corporate life are connected to that of my family. During my days as an engineering student at REC Rourkela, I got to experience cultures and explore multiple opportunities, be it through Rotaract or through campus programmes, and experiment with several new ideas. Tech Mahindra will introduce salary hikes in early 2021 but hasnât decided the portion of hikes, said Tech Mahindra CEO CP Gurnani. I personally would like to leave behind a sustainable, workforce-centred culture. The currency may have changed, but the philosophy always remained the same. Our daughter Sanya is an entrepreneur, who has graduated from the Harvard Business School, and is currently working in California. ... vacuum your house and toss treats to â¦ CP Gurnani, MD of Tech Mahindra, talks about the currency of people management and how it's helping create India 4.0. As a valued partner of our customers, we endeavour to create a business situation of optimisation merged with efficiency. The good news is that whether it is the former or the latter, it is entirely within management’s control. What should we call India if most of these minds are tuned with even a few good ideas or at least one good idea? If you do that, your legacy as CEO won’t simply be about what you did while you had the job, it will be what you prepared the company to achieve long after. The mill would have kept us comfortable but Baba had a paralytic stroke and my father had no interest in running it. We have been quite acquisitive in the past but our acquisition strategy has been largely selective in select areas, verticals and technologies. The biggest question is will machines or robots replace human beings, in this industry? The life of CP Gurnani has been a saga of innumerous transitions. Innovation and disruption happen within the organisation when a vortex of the following happens: Innovation is never just a word it’s a state of mind and at Tech Mahindra we innovate for the future. He had then said, “We knew that as Tech Mahindra, we were hugely into the communications space and we wanted to saddle the ICT (information and communications technology) industry. Against the popular perception of being too big in size and integrated in their approach to disruptive innovation, big companies are nurturing aspiring entrepreneurs within and outside the company to embrace open innovation, signalling the rise of “corporate garage” in India. 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. Gurnani, the CEO and managing director of Tech Mahindra and chairman of Nasscom, is today the poster boy of the Indian technology industry, known for his outstanding leadership abilities, be it transforming businesses, developing international business, handling mergers and acquisitions, or nurturing start- ups and responding to disruption. The opinions expressed in this commentary are his own. This acquisition augments Tech Mahindra’s digital portfolio — digital strategy, service design and customer experience. Ours is a very customer-centric approach. 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. We already have some aspect of XRetail being used by a large retail player in Latin America. We call him and bring him up to speed on what has happened. My wife Anu runs an NGO called Titliyan, having sacrificed her promising career at the Canadian High Commission. Saral Rozgar and Microgrid could raise money by the end of this year. Sunil Prashara chats with CEO and MD of Tech Mahindra, CP Gurnani, about the potential of citizen development and how organizations can capitalize on the opportunity. We would be opening one lab in Ipswich (UK) very soon and we have a customer co– innovation lab in the US. We will continue to look at such opportunities going forward. When they discovered America — they called it a land of opportunity — it had very few people and a lot of land and resources. Once I got into the business side, the first thing I did was project management. A failure is never the teams — it’s his/hers. The success of a CEO depends on how effectively he/she is able to communicate the key message, vision and strategy across the breadth and depth of the organisation. Our son Ashish is a co-founder of the start-up PostFold along with Aashray Tathai. This leadership imperative reinforces the need for the board of directors to focus on critical issues and policy challenges versus administrative details and programmatic implementation. While he was interacting with the media, it was very interesting to gather some of his insights on change, managing that change, and how NASSCOM is working with varied stakeholders to enable the ecosystem to be future- ready. National Association of Software and Services Companies (NASSCOM) has announced the appointment of CP Gurnani as its Chairman for 2016-2017. We plan to open up more such co-innovation labs around the world with our customers. We will continue to look for such opportunities. A year or two back, the discussion, when it came to digital, was on DevOps and automation. C P Gurnani, MD & CEO, Tech Mahindra shares his insights on Winning in the Age of Disruption at AIMAâs 4th National Leadership Conclave 2018. c) Set up labs and infrastructure like a garage to enable associates to tinker with technology and take ideas to the next level. As a front-runner in the industry, we have been part of the business impact stories and now increasingly contribute to transformational strategies. CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, âThe 5G revolution will unlock unprecedented opportunities in every industry vertical. Being at a thermal power plant long time back, I realised that project sites are a real test of your physical capabilities. ... Tech Mahindra's in-house startups may raise external funds. Asus ROG Zephyrus S15 review. 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. This will certainly result in improved efficiencies. By smart machines, we meant, AI, cognitive computing, augmented and virtual reality and IoT. Indian IT companies need to approach disruption by strengthening onsite presence. Watch him speaking at the â¦ He says the industry's goals are "doable" but will require both a â¦ 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. In 2009, when Anand Mahindra acquired the scam-hit Satyam Computer Services â the IT major whose founder B Ramalinga Raju had cooked its books to the tune of $1 billion â 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 had to shed the baggage, manage the trade-offs and provide leadership — honest, credible and decisive. In order to align with that strategy, we have recently changed our brand positioning to reflect that. CP Gurnani of Tech Mahindra weighs in on 5G networks, Huawei and the role that the IT industry plays in India's economy. In a first for a corporate entity, Tech Mahindra created a “start-up garage” for its in-house entrepreneurs. The era of the customer reaching out to the product is gone. ... which is why more and more organisations are willing to nurture in-house and. All employees to see a common purpose start-ups and turnarounds, â¦ Latest News on Gurnani! 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