Infosys President Mohit Joshi Resigns to Join Tech Mahindra as CEO and MD
Introduction
In a significant leadership transition within India’s IT sector, Mohit Joshi, the President of Infosys, has announced his resignation to take on the role of Managing Director (MD) and Chief Executive Officer (CEO) at Tech Mahindra. This move comes as Tech Mahindra prepares for the retirement of its long-serving MD & CEO, C.P. Gurnani, on December 19, 2023. NDTV Profit+14Analytics India Magazine+14Business Today+14
Career at Infosys
Joshi’s tenure at Infosys spanned over two decades, beginning in 2000. During his time at the company, he held various leadership positions, including heading the Global Financial Services & Healthcare and Software businesses, which encompassed the Finacle banking platform and the AI/Automation portfolio. He also led Sales Operations and Transformation, overseeing large deals across the firm. Additionally, Joshi was responsible for Infosys’ internal CIO function and chaired Edgeverve Systems Ltd, a subsidiary of Infosys. Hindustan Times+1www.ndtv.com+1The Times of India+12NCN Online+12The Federal+12The Pioneer+10Techcircle+10www.ndtv.com+10
Appointment at Tech Mahindra
Tech Mahindra announced Joshi’s appointment as MD & CEO designate on March 11, 2023. He is set to assume the role on December 20, 2023, succeeding C.P. Gurnani. The company’s Nomination and Remuneration Committee emphasized that Joshi’s extensive experience in digital transformation and large-scale deals aligns with Tech Mahindra’s strategic objectives. National Technology+16The Federal+16NCN Online+16The Times of India+14Business Today+14Hindustan Times+14The Federal+5The Indian Express+5The Pioneer+5
Industry Impact
Joshi’s departure from Infosys and subsequent appointment at Tech Mahindra marks a notable shift in the Indian IT landscape. His leadership is expected to bring fresh perspectives and drive growth at Tech Mahindra, particularly in expanding beyond its traditional telecom sector. The Times of India+1The Times of India+1
Conclusion
As Mohit Joshi prepares to lead Tech Mahindra into its next phase of growth, the industry anticipates strategic innovations and enhanced global competitiveness under his leadership. His extensive experience and proven track record in the IT services sector position him to make a significant impact at Tech Mahindra.Business Today
IT company Tech Mahindra on Saturday announced the appointment of former Infosys president Mohit Joshi as MD and CEO designate, who will take over the charge from C P Gurnani after his retirement on December 19 this year.
The announcement follows the resignation of Joshi from Infosys where he was head of the global financial services and healthcare and the software businesses, which included Finacle (Infosys’ banking platform) and the artificial intelligence and automation portfolio.
“Mohit will take over as MD and CEO when C P Gurnani retires on 19 December 2023. He will join Tech Mahindra well before that date to allow for sufficient transition time,” Tech Mahindra said in a statement.
Separately, Infosys in a regulatory filing said that Joshi has resigned from the company. He will be on leave effective from March 11, 2023 and his last date with the company would be June 9, 2023.
Joshi will replace Gurnani who has been one of the longest serving chief executive officers of the Indian IT sector.
Gurnani had joined Tech Mahindra in 2004 and later spearheaded the takeover of scam-ridden Satyam Computers and its merger with Tech Mahindra.
He has been MD and CEO of Tech Mahindra since June 2009.
Tech Mahindra Nomination and Remuneration Committee (NRC) chairperson T N Manoharan said that Joshi’s appointment is the successful culmination of a rigorous selection process during which the NRC evaluated a number of internal and external candidates.
“Mohit’s experience with digital transformation, new technologies and large deals will complement Tech Mahindra’s strategies and continue to build on the strong growth momentum demonstrated by the company,” he said.
At Infosys, Joshi was also responsible for the company’s internal CIO function and the Infosys Knowledge Institute.
He has been a non-executive director at Aviva Plc since 2020 and is a member of its Risk & Governance and Nomination committees.
“Tech Mahindra’s growth journey has been remarkable. I am delighted to be joining the Tech Mahindra family and look forward to working closely with all the associates, partners, and customers to achieve new milestones, make a positive difference and rise together,” Joshi said.
Prior to joining Infosys in 2000, Joshi worked with ABN AMRO and ANZ Grindlays in their corporate and investment bank. Mohit has lived and worked in Asia, America and Europe and currently lives in London with his family.
