BANGALORE; Jan. 21, 2011 – Accenture today appointed Avinash Vashistha country managing director for India. Mr. Vashistha has also been appointed co-chairman of India, along with Harsh Manglik.
Mr. Vashistha, 49, joins Accenture from Tholons, a global strategic advisory firm for outsourcing, research, investment and education, where he served as founder, chairman and CEO. Earlier in his career he founded neoIT, an offshore advisory firm, and prior to that, he led Nortel’s pioneering outsourcing efforts in India.
“I am very excited to be joining Accenture and taking on this important position,” said Mr. Vashistha. “Accenture has built an enviable position in this country with its unmatched Global Delivery Network capabilities, the quality of its client work and strength of its client relationships, as well as its reputation as a best-in-class employer. I look forward to building on that foundation and increasing Accenture’s domestic presence and leadership.”
Accenture chief executive officer Pierre Nanterme said Mr. Vashistha has the skills and experience to take Accenture to the next level in India. “Avinash brings to this role more than two decades of operational and execution leadership in global outsourcing along with knowledge, relationships and experience with Indian companies and the Indian marketplace. He will help us drive growth in our domestic business and support our global clients through our Global Delivery Network centers in India.”
“We are very pleased that Harsh has agreed to stay on as co-chairman and will work with Avinash to ensure an effective transition that sets the stage for the next phase of our growth,” added Mr. Nanterme.
Mr. Vashistha holds an engineering degree from IIT Kanpur, a master’s in Computer Science from the University of Alberta and an M.B.A. from Arizona. He is a known thought leader in the industry and co-authored the book, “The Offshore Nation”.
Mr. Manglik, who intends to retire later this year, has served as chairman and country managing director of Accenture India since September 2006. Under his leadership, India experienced significant growth, with more than 60,000 people now serving clients around the world. Mr. Manglik is also the chairman of NASSCOM, the Indian information technology industry body, following his appointment in April 2010.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 211,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$21.6 billion for the fiscal year ended Aug. 31, 2010. Its home page is www.accenture.com