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Infosys CFO Nilanjan Roy resigns; Jayesh Sanghrajka to take over the role
IndianStartupNews
·
1y ago
Medial
Infosys' Chief Financial Officer, Nilanjan Roy, will be stepping down from his position, and Jayesh Sanghrajka will take over as the CFO, effective April 1, 2024. Roy decided to resign to pursue personal aspirations outside of the company. Sanghrajka, currently the Executive Vice President and Deputy CFO, has over 18 years of experience at Infosys and will lead the finance function. This leadership change comes as Infosys navigates challenges in the macroeconomic environment and adjusts its revenue growth forecast.
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Related News
Infosys appoints Jayesh Sanghrajka as Chief Financial Officer
Livemint
·
1y ago
Medial
Infosys has announced the appointment of Jayesh Sanghrajka as the Chief Financial Officer (CFO) with effect from April 1, 2024. This comes as Nilanjan Roy, the current CFO, has decided to step down to pursue personal aspirations. Sanghrajka, who has spent over 18 years at Infosys and is currently the Executive Vice President and Deputy CFO, will take over the role. The Board of Directors expressed its appreciation for Roy's contribution during his tenure.
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Infosys announces Salary hikes
Business Today
·
1y ago
Medial
Infosys has initiated salary hikes for the 2023-24 financial year, which were traditionally effective from April 1 but have been delayed to November 1, 2023. The compensation review program excludes entry-level workers, and the average hike is expected to be under 10%. The company had previously delayed salary increments in 2023 due to business optimization measures addressing industry challenges. Infosys CFO Nilanjan Roy, during an investor call, mentioned that the delay was aimed at addressing inefficiencies within the company, with a focus on improving utilization and reducing workforce strength.
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Unacademy CFO Subramanian Ramachandran resigns
Economic Times
·
1y ago
Medial
Unacademy's chief financial officer (CFO), Subramanian Ramachandran, has resigned from his position. Ramachandran's departure comes after an extensive audit conducted by the education technology platform. The company is currently looking for a replacement for the CFO role.
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Paytm’s President & COO Bhavesh Gupta Resigns
Inc42
·
1y ago
Medial
Paytm's President and COO, Bhavesh Gupta, has resigned and will be relieved from his duties on May 31. Gupta's resignation comes as part of a company-wide restructuring. He will now take on an advisory role within Paytm. This recent departure adds to a growing number of senior-level executives who have recently left the company.
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Prosus ropes in former OLX Autos CEO to head edtech investments
Money Control
·
1y ago
Medial
Prosus will be splitting edtech and food delivery as two different segments with dedicated leadership teams. Thakar will be the CEO of edtech for Prosus, while Roger Rabalais, currently CFO Food and COO B2C, will take on the role of CEO food delivery.
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Udaan CFO Aditya Pande resigns; firm announces senior-level changes
Economic Times
·
1y ago
Medial
Udaan, a B2B e-commerce firm, has announced that its CFO, Aditya Pande, is leaving the company after a three-year tenure. The company has also made other organizational changes, elevating Kiran Thadimarri to the executive management team and giving Vishnu Menon additional responsibilities. Thadimarri will oversee treasury operations, corporate finance, and corporate audit, while Menon will take charge of business finance. The goal of these changes is to strengthen financial and governance practices as Udaan seeks operational profitability and prepares for the public market.
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India's Vedanta finance chief Sonal Shrivastava resigns
Reuters
·
1y ago
Medial
Vedanta, an Indian conglomerate, has announced the resignation of its Chief Financial Officer (CFO), Sonal Shrivastava. This development comes amidst a major restructuring plan revealed last month. Ajay Goel, the current CFO of Indian edtech startup Byju's, has been appointed as Shrivastava's replacement, effective from October 30. Vedanta, led by billionaire Anil Agarwal, aims to split its business into six separate entities to improve its financial performance.
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Vinit Teredesai resigns as LTIMindtree CFO, Vipul Chandra to take over
Livemint
·
1y ago
Medial
Vinit Teredesai has resigned as the CFO of LTIMindtree Ltd to explore opportunities outside the L&T group. He will be replaced by Vipul Chandra, who has been with parent firm L&T Ltd since 2013. Teredesai played a key role in the growth and merger of LTIMindtree. This resignation follows several other high-profile exits from LTIMindtree since the merger in November 2022. The company reported mixed results for the December quarter, with revenues of $1.08 billion and a net profit of $140.5 million.
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Cognizant appoints former Wipro finance chief Jatin Dalal as CFO
Livemint
·
1y ago
Medial
Cognizant Technology Solutions has named Jatin Dalal, former CFO of Wipro, as its new CFO. Dalal will assume the role in December, succeeding current CFO Jan Siegmund. This move comes as part of several high-profile executive changes in the Indian tech industry. Dalal brings over two decades of experience from Wipro, where he served as president and CFO. Cognizant CEO Ravi Kumar S expressed confidence in Dalal's ability to drive revenue growth for the company.
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Citi appoints Jeegar Shah as CFO for India business
Livemint
·
1y ago
Medial
Citi has named Jeegar Shah as the chief financial officer (CFO) for its India franchise. Shah, who has been serving as interim CFO since February, will be responsible for financial matters in India and will work closely with Ashu Khullar, Citi's Country Officer for India. Shah's previous experience as Cluster Controller for Citi's South Asia Cluster and his expertise in finance make him qualified for the role. Shah said he is honored to take on the position and support Citi's commitment to the Indian market.
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