MUMBAI: Former HCL Tech CEO Anant Gupta plans to offer his co-innovation model to global companies and will start hiring a slew of executives from Indian IT companies as he builds his new company.
Last week, the Noida-headquartered company announced that Gupta had resigned and that its chief operating officer C Vijaykumar would be taking over the helm. Gupta said he would be starting TechCelX -which will work with companies to help them innovate and also invest its Rs 100-crore fund in startups.
With enterprises, Gupta said, the idea was to create a group of 25-30 people – from software architects to designers – to work with each client to create innovative intellectual property . “We will work with them from the start. Companies have problems with innovation because executives are tasked with growth, and operations and innovation and sometimes the innovation part does not get as much focus,” Gupta told ET in his first interview since stepping down as CEO.
There are lot of talented, creative IT professionals who were ‘bored with what they are doing’ and this would be his talent pool. When asked if that meant he would begin luring away talent from IT companies, including HCL Tech, Gupta demurred.
“The idea is that this would only need about 30 people per engagement. I will not be hiring in the thousands.We have just started the process, some discussions are on. We think this will be ready to launch in the New Year,” he said. His hires would also have to keep employees and sales teams in place in the target markets, he said.
IT companies are increasingly getting involved in trying to tap their customers’ innovation budgets. Last month, Infosys announced its incubation-as-a-service offering. Tata Consultancy Services uses its Co-Innovation Network to connect its clients to startups.
TechCelX’s investments in startups would also be part of a strategy to be actively involved in those companies to help them grow and attract customers.
“We want to bridge the gap between startups that want market access and companies that want innovative solutions but may not be able to find it themselves,” he said. Gupta has started his company with three other partners – one from IT and two from the investment banking. He declined to name them, saying an announcement would happen when they came on board officially.