Tata Consultancy Services and Wipro are looking to adopt the new shorter and quicker delivery model at scale, rather than on selected projects.
At the end of this year, GE will contribute just 10% of Genpact’s revenue but the company has found digital-led transformation deals helped it grow.
The Bengaluru-headquartered IT services company had put in place a strategy to grow its operations management business in 2015.
The reduction in shareholding will also reduce the number of directors that Bain can nominate to Genpact’s board, the filing said.
The venture’s initial core partners include Bill and Melinda Gates, Richard Chandler, Jeff Skoll, Dr Romesh and Kathy Wadhwani and the Rockefeller Foundation.
ET has reported that Vemuri and other former Infosys executive BG Srinivas, who is group managing director at PCCW Ltd, were front-runners for Infosys job.
BPO CEOs are already looking at how GST could open up new markets for them including with small-and-medium-sized companies that could not typically afford their services.
The company's net profit increases 34 per cent to Rs 416 crore.
Infosys is also exploring possibilities to create a deputy CEO role. It has interviewed a slew of candidates, including some executives from Oracle and Google.
"As a global player, you have to engage locally. And that is an advantage we have, we can connect with these startups in Bengaluru, Silicon Valley and Munich," SAP's head of products said.
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