HCL Infosystems said it will spin off its hardware, learning and services businesses into separate units in order to have a leaner corporate structure and improve operational efficiency.
Citing a company statement, the Times of India reported Tuesday the IT vendor will transfer its hardware business, which includes PCs, tablets and system integration services, to its wholly-owned subsidiary HCL System Integration.
Similarly, its learning business--which comprises of learning content, vocational training and test preparation--will go to another subsidiary HCL Learning, while the services business will be allocated to HCL Care, the report noted.
"Different businesses of the company are at various stages of business lifecycle maturity. Some of the new growth businesses are at stages of infancy requiring investments and capabilities acquisition, while more mature businesses need re-tooling to be prepared for the changing business environment," HCL Infosystems said.
The reorganization will also provide greater visibility on the operational and financial performance of each business and offer a higher degree of indepedence and accountability. It also helps the company address different talent and funding needs of these different businesses more effectively, it added.