| Can KV Kamath repeat ICICI magic? Posted: 30 Apr 2011 06:34 PM PDT 
MUMBAI: When Kundapur Vaman Kamath takes over the chairmanship at technology major Infosys in August this year, it will be a rare occasion for one of India Inc's most respected managers to head simultaneously two companies which have re-defined businesses in their own fields. While ICICI Bank, where Kamath took over as the non-executive chairman about two years ago, is the leading private sector bank in the country, Infosys, over the years, has played a leading role in building the respect that Indian IT professionals command in every corner of the world. The professional world will look at Kamath to guide Infosys through one of its toughest times in its 30-year history when its peers are competing with it in every sub-segment in the IT sector like never before and analysts are questioning if it could maintain its position as the country's technology bellwether. For, the IIM-A alumnus has the credentials to transform a development finance institution and a pure-bred government body into a technology-driven private sector banking major that its competitors emulated, be it products, technology or aggression. The question now is: can he repeat his magic once more? '' He (Kamath) has the ability to see the future trend and keep the company ready for the same,'' said Chanda Kochhar, MD & CEO, ICICI Bank, who has worked with Kamath for several years. Over the years he showed his skills in guiding ICICI Bank to become the early bird in areas like insurance, retail lending, internet banking, online trading, business process outsourcing and commodities trading. Kamath had shown India Inc how to leverage on technology to take banking to the masses, brought in best practices from industries like auto, hospitality and aviation into banking, and also demonstrated how to manage mergers successfully. He is also known for his ability to spot talent early and nurture them. Currently, in the countrys financial sector, nearly a dozen top CEOs have spent a few years in ICICI Bank and have worked with Kamath. The engineer-turned-banker also showed his negotiating skills when he brokered a deal between the two Ambani brothers, both of whom, individually, are among the richest people in the world. |
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