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Interview

Wipro’s Kurien explains why IT Middle Management is Screwed

Ethiraj: You have been asked before about headcount, do you see it coming down?

Wipro CEO Kurien: I think it’s going to be tough given the social context. It’s easy to do using technology; it’s tougher using it given the social context in mind. We, as an industry, have evolved by adding head count. We have got a whole bunch of middle managers and senior managers who have seen that model. Once you see something happening for 20 years, you believe that’s the only reality. That’s the problem. So, I think it’s going to be the biggest problem that we are going to have in that area is going to be internal change management than the external change management.

Ethiraj: Are you also being self critical of your middle management?

Wipro CEO Kurien: I think that’s true. It’s not middle management by itself and I wouldn’t define middle management very clearly. There’s middle management that really adds to technology and I think that’s fabulous to have. We absolutely need those guys. And those are people we really treasure.

 There are other people who just manage people and that’s the game that you don’t want in the future. Because, having a person who sits as a router, routing traffic from one end to the other, communicating upward and managing downwards is not a function that you require long term. That particular skill set is not going to be required any more.- from Boom

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It is time for India to deliver

Source:BI

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Beginning of a good 10 year run for Indian Stocks

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CoatTailing

Portfolio of Genesis in India

This post is in continuation of my coat tailing series (see here).

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Genesis is a well known FII which invests in India via various entities.

Their significant portfolio holdings as on 31 December,2014 as per stock exchanges is as given below:

Company Symbol Entity Date End # of Shares % Value (In Crores)
Ambuja Cements Limited AMBUJACEM GENESIS INDIAN INVESTMENT COMPANY LIMITED 201412 24559008 1.58 611.52
Axis Bank Limited AXISBANK GENESIS INDIAN INVESTMENT COMPANY LIMITED -GENERAL SUB FUND 201412 25223650 1.07 1424.51
Dabur India Limited DABUR GENESIS INDIAN INVESTMENT COMPANY LIMITED -GENERAL SUB FUND 201412 28074319 1.6 702.42
Kotak Mahindra Bank Limited KOTAKBANK GENESIS ASSET MANAGERS, LLP A/C THE GENESIS EMERGING MARKETS INVESTMENT COMPANY 201412 10801477 1.4 1498.87
Kotak Mahindra Bank Limited KOTAKBANK THE GENESIS GROUP TRUST FOR EMPLOYEE BENEFIT PLANS 201412 9611135 1.25 1333.69
Lupin Limited LUPIN GENESIS INDIAN INVESTMENT CO LTD 201412 12164612 2.71 1828.89
Pidilite Industries Limited PIDILITIND Genesis Indian Investment Company Ltd. – General Sub Fund 201412 39863145 7.78 2307.68
Sun Pharmaceutical Industries Limited Sun Pharma Genesis Indian Investment Company Ltd. – General Sub Fund 201412 48048089 2.32 4752