Infosys CFO Rajiv Bansal Quits

12/10/2015 11:28 AM IST | Updated 15/07/2016 8:25 AM IST
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Rajiv Bansal, chief financial officer of Infosys Ltd., attends a news conference at the company's headquarters in Bengaluru, India, on Tuesday, July 21, 2015. Infosys raised its full-year sales growth forecast as India's second-largest outsourcing company won more information technology contracts. Photographer: Namas Bhojani/Bloomberg via Getty Images

Rajiv Bansal Chief Finance Officer, Infosys, has resigned after a three-year-stint at the post. According to a note by CEO Vishal Sikka, he will be replaced by MD Ranganath, head of strategic operations.

"As Infosys' CFO, Rajiv has led our financial strategy and has been instrumental in bringing us to this point in our transformational journey. He's a brilliant CFO and we will miss him even as we respect his decision and wish him continued success in his future endeavours, " said Sikka, "Over the course of the last sixteen months, I have come to know Ranga as a passionate leader and a balanced leader with tremendous ability, knowledge and integrity. We welcome him as our CFO."

The exits come even as Infosys announced a 13% revenue guidance for the fiscal, on the back of a 9.8% rise in profit for the second quarter. Shares of Infosys plunged by 5.04 per cent to Rs 1,108.90, which was key contributor to a 1% fall in the Sensex inspite of a 225-point rise in early trade.

This June, Asheesh Mehra, who led Infosys' BPO business, resigned to start his own venture as did KV Kamath, who stepped down as chairman of the Infosys board consequent to his appointment as the president of the BRICS bank.

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