D'Souza recently announced that his ace team of Gordon Coburn, R Chandrasekaran and Rajeev Mehta would take over the ownership for over 95 per cent of the company's business, allowing him to focus on new business models, geographies, and technology architectures, somewhat akin to the decision Bill Gates took many years ago, when he handed over the reins of Microsoft to Steve Ballmer.
According to analysts, these new ideas, models and technologies may not have opportunities today.
However, in the next three-five years, this strategy would germinate, especially in areas like social media, cloud and mobile analytics.
D'Souza refers to these as emerging business accelerators (EBAs), and expects those to be the material drivers of Cognizant's future growth.
The EBA segment comprises 18 new businesses, with D'Souza heading four.
In effect, D'Souza has created a venture capital organisation within his IT enterprise and appointed 'mini' CEOs from Cognizant's work force to head these verticals.
At this rate, D'Souza, at the age of 44, has a good chance of eclipsing the luminaries of an older generation of IT entrepreneurs, who set the bedrock for Cognizant's success.
Image: Cognizant President and CEO Francisco D'Souza (C) and about 100 other business executives listen to Republican presidential candidate, former Massachusetts Governor Mitt Romney address the quarterly meeting of the Business Roundtable at the Newseum June 13, 2012 in Washington, DC. Romney outlined the agenda he would pursue in his first 100 days in office, including approving the Keystone Pipeline, repealing and replacing health care reform and fundamentally changing tax policy.