U.S-based IT services and consultancy firm ThoughtWorks has re-jigged its top management structure, a move that is aimed at solidifying and increasing its presence in the Indian and other emerging ‘global south’ markets.
Four new co-Presidents have been appointed, with one of them being Sudhir Tiwari, who is Managing Director of ThoughtWorks’ India arm, to replace former CEO Trevor Mather who left the company last month.
Guo Xiao has now been appointed as President and CEO.
“We want to see revenues from our ‘global south’ markets [India, China, South America, Africa] increase to nearly 50 per cent from the current 25 per cent. For this, we need a more collective leadership structure… we don’t want only a single-North American market driven approach,” said Chris Murphy, President & Chief Strategy Officer, in an interaction with The Hindu.
“We are seeing good demand from local small and medium businesses here in India. Nearly 800 out of our 2,500 employees are located here. We aren’t here just to exploit India’s cost advantage, we really think our India operation adds value,” he added.
The $200-million software services firm, which derives nearly $40 million in revenue from its India business, is also looking to ramp up its Indian operations, and open two new centres over the next one year.
