Persistent Systems on Wednesday announced the appointment of Vinit Teredesai as the chief financial officer (CFO) of the company, effective immediately, the company said in a statement.
Teredesai took over from executive director Sunil Sapre, who will be retiring later this year.
Previously, Teredesai served as the CFO at larger rival LTIMindtree, India’s sixth largest IT services firm. Before that, he worked as the CFO and CIO at yet another smaller peer KPIT Technologies.
Teredesai, a qualified Chartered Accountant, Cost and Management Accountant, along with a Certified Public Accountant in the United States.
With nearly three decades of experience, Teredesai is a seasoned finance professional with over 28 years of experience in finance, accounting, auditing, taxation, fund raising, risk management, mergers and acquisitions, and corporate restructuring.
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