top-level management it firms: 2023 Year in Review: top-level management rejig hit India’s IT services firms

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The $245-billion Indian IT sector, which is still reeling under global macroeconomic volatility, saw clients slashing their budgets even as companies faced major top-level management changes in 2023.
ETtech looks back at some of the key developments.

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Rajesh Gopinathan: Possibly one of the biggest and most abrupt exits of a CEO in recent times, data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/rajesh-gopinathan-resigns-as-ceo-and-md-of-tcs/articleshow/98704972.cms” target=”_blank” rel=”noopener”>Gopinathan resigned “to pursue other interests” after a 22-year stint with TCS in March this year. Under his tenure, the IT services major’s share rose over 160%.
data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/all-you-need-know-about-the-incoming-tcs-ceo-k-krithivasan/articleshow/98729438.cms” target=”_blank” rel=”noopener”>TCS appointed K Krithivasan as Gopinathan’s successor. Having worked for more than three decades at TCS after joining in 1989, Krithivasan served as the president and global head of the banking, financial services, and insurance (BFSI) vertical of TCS. In terms of revenue contribution, deals, and business, BFSI is one of the largest and most significant verticals for the IT behemoth.

Also read | data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/tcs-announces-senior-leadership-changes/articleshow/102227801.cms” target=”_blank” rel=”noopener”>TCS announces senior leadership changes

Mohit Joshi: Joshi data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/infosys-mohit-joshi-joins-tech-mahindra-as-md-and-ceo/articleshow/98558823.cms” target=”_blank” rel=”noopener”>resigned as the president of Infosys after a 22-year stint at the country’s second-largest IT firm. He was appointed managing director and CEO of data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/tech-mahindra-ltd/stocks/companyid-11221.cms” rel=”noopener”>Tech Mahindra, which saw the longstanding data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/tech-mahindra-will-have-reasonable-transition-period-for-new-leader-gurnani/articleshow/98395427.cms” target=”_blank” rel=”noopener”>CP Gurnani retire from his post.

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Joshi was responsible for financial services, healthcare, and life sciences businesses at Infosys. He also served as the chairman of Edgeverve Systems Ltd, the IT firm’s software and products arm that includes banking software Finacle. He also handled the company’s internal technology and applications portfolio Jatin Dalal: Dalal resigned as the chief financial officer of Wipro and joined rival Cognizant. data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/wipro-sues-former-cfo-jatin-dalal-who-joined-rival-cognizant/articleshow/106305908.cms” target=”_blank” rel=”noopener”>Wipro has filed a complaint against him for making this move and data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/wipro-demands-rs-25-crore-in-damages-from-ex-cfo-for-breach-of-non-compete-rule/articleshow/106378930.cms” target=”_blank” rel=”noopener”>sought Rs 25 crore in damages for breach of a non-compete clause.

Dalal worked with Wipro for 21 years before tendering his resignation. He has submitted a counter application, seeking the Bengaluru civil court to refer the matter to arbitration, and the next hearing has been scheduled for January 3.

Nilanjan Roy: Earlier this month, Infosys data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/infosys-cfo-nilanjan-roy-resigns-deputy-jayesh-sanghrajka-named-as-replacement/articleshow/105910261.cms” target=”_blank” rel=”noopener”>chief financial officer Nilanjan Roy resigned to pursue “personal aspirations”, further deepening the leadership crisis at India’s second-largest software exporter. While Roy’s next move is not clear, Infosys has lost at least eight senior management personnel in the last 12 months, several of them to rivals.

Jayesh Sanghrajka, currently executive vice president and deputy CFO, will replace Roy. Sanghrajka has over 25 years of experience across several finance functions and worked at Infosys for 18 years in two stints.

Puneet Chandok: Chandok, Amazon Web Services’ (AWS) commercial business president for India and South Asia, data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/aws-india-and-south-asia-head-puneet-chandok-to-exit-company/articleshow/100699133.cms” target=”_blank” rel=”noopener”>resigned from his post and was later appointed as the data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/microsoft-corp-appoints-puneet-chandok-to-lead-india-operations/articleshow/102306783.cms” target=”_blank” rel=”noopener”>corporate vice president of Microsoft India and South Asia.

Before AWS, Chandok was a partner at McKinsey in India and Asia and also held senior regional and global roles in IBM.



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top-level management it firms: 2023 Year in Review: top-level management rejig hit India’s IT services firms


The $245-billion Indian IT sector, which is still reeling under global macroeconomic volatility, saw clients slashing their budgets even as companies faced major top-level management changes in 2023.
ETtech looks back at some of the key developments.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
IIM Kozhikode IIMK Advanced Data Science For Managers data-ga-onclick=”Emeritus_edit_articles_click#106406287#tech” target=”_blank” rel=”nofollow sponsored noopener” class=”btn btn_visit” href=”https://iimk.emeritus.org/iimk-advanced-data-science-for-managers/index.php?utm_source=timeset&utm_medium=affiliate&utm_campaign=times_et_article_textcta_edit&utm_content=106406287″>Visit
IIT Delhi IITD Certificate Programme in Data Science & Machine Learning data-ga-onclick=”Emeritus_edit_articles_click#106406287#tech” target=”_blank” rel=”nofollow sponsored noopener” class=”btn btn_visit” href=”https://iitd.emeritus.org/iitd-certificate-programme-in-data-science-machine-learning/index.php?utm_source=timeset&utm_medium=affiliate&utm_campaign=times_et_article_textcta_edit&utm_content=106406287″>Visit
MIT MIT Technology Leadership and Innovation data-ga-onclick=”Emeritus_edit_articles_click#106406287#tech” target=”_blank” rel=”nofollow sponsored noopener” class=”btn btn_visit” href=”https://executive-ed.xpro.mit.edu/technology-leadership-and-innovation?utm_source=timeset&utm_medium=affiliate&utm_campaign=times_et_article_textcta_edit&utm_content=106406287″>Visit

Rajesh Gopinathan: Possibly one of the biggest and most abrupt exits of a CEO in recent times, data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/rajesh-gopinathan-resigns-as-ceo-and-md-of-tcs/articleshow/98704972.cms” target=”_blank” rel=”noopener”>Gopinathan resigned “to pursue other interests” after a 22-year stint with TCS in March this year. Under his tenure, the IT services major’s share rose over 160%.
data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/all-you-need-know-about-the-incoming-tcs-ceo-k-krithivasan/articleshow/98729438.cms” target=”_blank” rel=”noopener”>TCS appointed K Krithivasan as Gopinathan’s successor. Having worked for more than three decades at TCS after joining in 1989, Krithivasan served as the president and global head of the banking, financial services, and insurance (BFSI) vertical of TCS. In terms of revenue contribution, deals, and business, BFSI is one of the largest and most significant verticals for the IT behemoth.

Also read | data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/tcs-announces-senior-leadership-changes/articleshow/102227801.cms” target=”_blank” rel=”noopener”>TCS announces senior leadership changes

Mohit Joshi: Joshi data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/infosys-mohit-joshi-joins-tech-mahindra-as-md-and-ceo/articleshow/98558823.cms” target=”_blank” rel=”noopener”>resigned as the president of Infosys after a 22-year stint at the country’s second-largest IT firm. He was appointed managing director and CEO of data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/tech-mahindra-ltd/stocks/companyid-11221.cms” rel=”noopener”>Tech Mahindra, which saw the longstanding data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/tech-mahindra-will-have-reasonable-transition-period-for-new-leader-gurnani/articleshow/98395427.cms” target=”_blank” rel=”noopener”>CP Gurnani retire from his post.

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Joshi was responsible for financial services, healthcare, and life sciences businesses at Infosys. He also served as the chairman of Edgeverve Systems Ltd, the IT firm’s software and products arm that includes banking software Finacle. He also handled the company’s internal technology and applications portfolio Jatin Dalal: Dalal resigned as the chief financial officer of Wipro and joined rival Cognizant. data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/wipro-sues-former-cfo-jatin-dalal-who-joined-rival-cognizant/articleshow/106305908.cms” target=”_blank” rel=”noopener”>Wipro has filed a complaint against him for making this move and data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/wipro-demands-rs-25-crore-in-damages-from-ex-cfo-for-breach-of-non-compete-rule/articleshow/106378930.cms” target=”_blank” rel=”noopener”>sought Rs 25 crore in damages for breach of a non-compete clause.

Dalal worked with Wipro for 21 years before tendering his resignation. He has submitted a counter application, seeking the Bengaluru civil court to refer the matter to arbitration, and the next hearing has been scheduled for January 3.

Nilanjan Roy: Earlier this month, Infosys data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/infosys-cfo-nilanjan-roy-resigns-deputy-jayesh-sanghrajka-named-as-replacement/articleshow/105910261.cms” target=”_blank” rel=”noopener”>chief financial officer Nilanjan Roy resigned to pursue “personal aspirations”, further deepening the leadership crisis at India’s second-largest software exporter. While Roy’s next move is not clear, Infosys has lost at least eight senior management personnel in the last 12 months, several of them to rivals.

Jayesh Sanghrajka, currently executive vice president and deputy CFO, will replace Roy. Sanghrajka has over 25 years of experience across several finance functions and worked at Infosys for 18 years in two stints.

Puneet Chandok: Chandok, Amazon Web Services’ (AWS) commercial business president for India and South Asia, data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/aws-india-and-south-asia-head-puneet-chandok-to-exit-company/articleshow/100699133.cms” target=”_blank” rel=”noopener”>resigned from his post and was later appointed as the data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/microsoft-corp-appoints-puneet-chandok-to-lead-india-operations/articleshow/102306783.cms” target=”_blank” rel=”noopener”>corporate vice president of Microsoft India and South Asia.

Before AWS, Chandok was a partner at McKinsey in India and Asia and also held senior regional and global roles in IBM.



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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