For many who see Infosys as conservative, this may come as a surprise. The company's new management under K V Kamath and S D Shibulal is planning to set up a separate company focused on IT products, platforms and intellectual property-driven solutions.

"We are discussing several options to set up this new company to house innovations ," Subhash Dhar, the head of business innovation at Infosys told TOI. One of these is to make an acquisition of an existing company that is involved in areas where Infosys is looking to innovate. These areas include fast growing practices such as cloud computing, mobility and sustainability.

The other option is to create a new company. Employees at Infosys who are already involved on the innovation side, which includes products and platforms, would move to this new firm.