V Balakrishnan the ‘keen anchor-builder’ of Infosys resigns
Moneylife Digital Team 20 December 2013
According to Narayana Murthy it is difficult to imagine Infosys without Bala's passion, commitment and intellect
 
V Balakrishnan, who was with Infosys Ltd since 1991 and served the information technology (IT) company in various capacities, had resigned. This is yet another high profile exit from Infosys after the return of NR Narayana Murthy as its executive chairman.
 
In a regulatory filing, Murthy, the chief of India's second-largest software services provider, said, "Bala has been an early adopter and a keen anchor-builder of Infosys. It is difficult to imagine Infosys without Bala's passion, commitment and intellect."
 
Balakrishnan was head of Infosys BPO, Finacle, and India Business Unit as well as chairman of Infosys Lodestone. 
 
Balakrishnan's exit follows several senior-level departures from the IT company since Murthy returned in June as its executive chairman.
 
On Thursday Subrahmanyam Goparaju, senior vice president and a member of Infosys' executive council resigned. Goparaju was heading Infosys Labs, the research and innovation division of the company.
 
In July, Infosys' global sales head Basab Pradhan quit. In August, Ashok Vemuri, the company's global manufacturing head joined rival iGate as chief executive. In November, Stephen Pratt, who co-founded Infosys consulting also stepped down. 
 
Infosys also announced the induction of Kiran Mazumdar-Shaw as an independent member of the Board. UB Pravin Rao was inducted as a whole-time director.
Comments
nagesh kini
1 decade ago
The quiting of so many veterans, more particularly of Bala variety in quick succession goes to indicate that there certainly wrong and is something much more than meets the eye - "Dal mey kuch to kala hai"!
nagesh kini
1 decade ago
The quiting of so many veterans, more particularly of Bala variety in quick succession goes to indicate that there certainly wrong and is something much more than meets the eye - "Dal mey kuch to kala hai"!
Suiketu Shah
1 decade ago
There is a serious campaign to malign Infosys by probably its competitors.Its share price has risen by more than 50% in last 6 months(in a very stagnant equity market and that is putting it mildly).However,very few "experts" recommend Infosys.

A lion never says hes a lion,everyone knows he is.This is the case with Infosys esp with NM's son Rohan as his succesor.
nagesh kini
Replied to Suiketu Shah comment 1 decade ago
NM's son is stated to be his "Executive Assistant".
He might as well been inducted as an Additional Director if he was meant to be designated his 'successor'.
Suiketu Shah
Replied to nagesh kini comment 1 decade ago
Mr Kini

We agree to disagree."Daal mein kuch kala nahi hain".Its matters which family businesses know and the owners of family businesses only know.Inspite of so many seniors leaving Infosys,the company is at alltime high.Look at Hexaware.Even with the weak rupee its still same levels as before,nothing much.

Have a nice weekend Mr Kini.
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