Satyam-Tech M to rejig structure, to have 30-40 CEOs

Last Updated: Fri, Feb 15, 2013 06:22 hrs

The entity emerging from the merger of Tech Mahindra and Mahindra Satyam plans to achieve a revenue of $5 billion by 2015.

For this, the merged entity would be restructured into small units. By FY15-end, the company would have several CEOs heading various business units. "Today, we are looking at creating 30-40 CEOs across the board. The target is to create a bandwidth of about 100 CEOs across the organisation. They would be able to run small units across the globe," said Jagdish Mitra, head of mobility business, Tech Mahindra.

Mahindra Satyam and Tech Mahindra are awaiting a clearance for the merger from the Andhra Pradesh High Court. They expect by March 15, the combined entity would ready with its internal branding process.

Through the last four to five months, the company has been trying to understand branding-related aspirations of stakeholders. For this, it has spoken to about 80,000 associates and conducted various workshops.

"To be able to grow faster, we think smaller business units will help. We have already started identifying such units, as well as finding talent to head these units. As of now, we have identified five verticals-telecom, healthcare, BFSI (banking, financial services and insurance), retail and manufacturing," said C P Gurnani, managing director, Tech Mahindra and CEO, Mahindra Satyam.

Gurnani added as part of its 2021 vision, the combined entity would aim to be among the top three companies in the verticals it operated in.

Both companies are already working in synergy with each other. Though sales organisation is still separate, in delivery, both entities are trying to reduce duplication.

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