India’s second-largest IT services company, Infosys, is experiencing a significant leadership transition with the departure of Nilanjan Roy from his role as Chief Financial Officer. Roy’s exit follows the recent departures of former presidents Ravi Kumar S and Mohit Joshi. Infosys, founded in 1981 by tech billionaires NR Narayana Murthy and Nandan Nilekani, has seen various changes in top-level leadership over the years.
Nilanjan Roy, who joined Infosys from Bharti Airtel, has been serving as CFO since March 2019. The company announced that Roy has chosen to pursue his “personal aspirations” outside of Infosys. Jayesh Sanghrajka, who has been the deputy CFO of Infosys Group since 2015, is set to succeed Roy as the CFO, starting from April 1, 2024.
Infosys, under the leadership of IIT alumnus CEO and Managing Director Salil Parekh, has faced several leadership changes. Roy played a crucial role in managing the financial aspects of Infosys during challenging times, particularly throughout the Covid-19 pandemic. A Chartered Accountant and alumnus of Delhi University, Roy has been a key figure in supporting Infosys’ financial strategies.
In the Annual Integrated Report 2022-23, Roy’s remuneration for the year was reported to be over Rs 10.61 crore. Before joining Infosys, he served as the Global CFO of Bharti Airtel Ltd, the telecom giant led by billionaire Sunil Bharti Mittal. Roy also held leadership roles at FMCG giant Unilever, spanning the United States, Europe, and India.
The leadership transition at Infosys comes at a time when the company continues to navigate the dynamic landscape of the IT services industry, emphasizing the need for a seamless handover to ensure continued financial stability and strategic direction.
