- Infosys to supply software for India Post’s hand-held deviceIndian stock markets crash: Bargain hunting not best option, but Coal India, HDFC, Infosys shares eyedIndian stock market regains Rs 60 lakh cr market capitalisation levelMarket value of IT companies gain in August Indian rupee tumbles
Rohan Murty, son of Infosys chairman N.R. Narayana Murthy who joined the company as an executive assistant to his father, will soon be designated as Vice President.
Narayana Murthy had on his return to India’s second largest software exporter in June stated that his son would have no leadership role in the company and he was being brought in only to make him “more effective“.
To a query if Murty has become Vice-President, an Infosys spokesperson said: “Rohan Murty’s appointment at Infosys is yet to be approved by the Ministry of Corporate Affairs.”
The spokesperson further said: “His designation in the company will be confirmed once the process of his appointment has been completed.”
30-year-old Rohan is a junior fellow at the Society of Fellows at Harvard University. He is a PhD in Computer Science from the prestigious university and did his Bachelor’s in Computer Science from Cornell University. He has held fellowships at MIT, Caltech and Microsoft Research.
Narayana Murthy, who returned to Infosys in June to help the embattled IT behemoth, had said he will be more effective with his son Rohan as an Executive Assistant but made it clear the latter has no leadership role.
“Rohan will be my Executive Assistant. He has no leadership role,” he had said, adding Infosys has competent executive directors on the board and a “very strong” cadre of senior management.
Rohan’s term as Executive Assistant to the Chairman is co-terminus with that of Narayana Murthy. He had requested that he should also be paid only a token compensation of rupee one per year.
Rohan’s elevation also lends strong credence to rise of the children of some of India’s prominent businessmen in the IT services space, signalling the way for eventual succession.
According to analysts, the step-by-step promotion is the process of grooming the incumbent for higher responsibilities in the company.
Roshni Nadar Malhotra, the CEO of HCL Corporation and a trustee of the Shiv Nadar Foundation, was last month appointed non-executive director on the board of HCL Technologies, India’s fourth largest IT services exporter.
Although, HCL did not elaborate on the role Nadar will play, but, it is a clear