Debashis Chatterjee, the new chief of Indian multinational information technology (IT) company, Mindtree, is all set to focus on instilling confidence in clients and retaining key staff.
Most of the software company’s mid-senior level employees are still employed with the company, even following the appointment of Chatterjee in early August.
Chatterjee stepped into the shoes of Rostow Ravanan, who quit the Company when Larsen & Toubro took over the organisation. He was accompanied by the then chairman as well as the ex-vice chairman.
With such key people quitting, there was fear of employees leaving due to uncertainty and a feeling of insecurity, as these were the co-founders who handled the Company’s ten primary accounts.
The Company’s margin had dropped to an all-time low in the past few years. However, depreciation of the rupee and the pipeline of powerful and positive deals is expected to increase the margin this financial year.
It becomes essential for Chatterjee to now establish a rapport with the clients. However, Chatterjee appears to be confident of growth and very positive following his interaction with all the important clients.
For the time being, the Company is expected to operate as an independent organisation, but may consider collaborating with Larsen & Toubro Infotech in the future. The likelihood of a merger with L&T seems dim. Mindtree will remain distinct from L&T Infotech, L&T Technology Services and the relatively new business division, L&T-Nxt.