Infosys Ltd needs 3 years for turnaround: Narayana Murthy

Murthy,66,whose return to Infosyss board of directors received official shareholder sanction at the companys 32nd annual general body meeting Saturday,said the task of rebuilding a desirable Infosys will take at least 36 months.

In the process,there will be some tough decisions resulting in pain as we move forward, said Murthy,who received plenty of adulation and a bit of criticism at the AGM for returning to steer the company after retiring at the age of 65 in August 2011.

Murthy,who had earlier this month desisted from pointing out where Infosys was going wrong over the last two years under the leadership of non-executive chairman K V Kamath,co-chairman Kris Gopalakrishnan and CEO S D Shibulal,spoke at some length on what he felt the problem areas were.

He said the companys loss of focus on its bread-and-butter revenue strategy of winning highly competitive,large revenue-yielding outsourcing projects involving application development,maintenance,testing,BPO and infrastructure management had hurt the firm.

In an indirect admission of the failing of the companys much touted Infosys 3.0 strategy for tackling an increasingly commoditised global IT market,Murthy said Infosys had focused too much on consulting-led total IT solution deals and development of original IT solutions over big outsourcing deals.