Amidst attempts to retain talent at the IT major, Sanjay Purohit, an Executive Vice-President at Infosys, has resigned.
Amidst attempts to retain talent at the IT major, Sanjay Purohit, an Executive Vice-President at Infosys, has resigned, reported ET Now. Sanjay Purohit was in-charge of the strategic initiatives with Pravin Rao, the Chief Operating Officer of Infosys. Reports suggest that Purohit is the seventh Executive Vice President to quit Infosys in the last couple of years. No replacement for the senior executive has been found yet.
According to the Infosys website, Purohit has over 25 years of “diverse experience” in incubating new businesses, product innovation, developing new business models, defining business strategy and leadership development. He has been engaged with CXOs of global corporations to identify and realize new sources of business value and accelerating innovation. In his role, Purohit was responsible for developing the consulting business at Infosys with operations across 20 countries. Prior to this, as founder CEO and MD of EdgeVerve Systems, a wholly owned subsidiary of Infosys, Sanjay was responsible for defining and introducing innovative cloud-hosted business software applications for Digital Marketing, Omni-channel Commerce, Customer Service, Distributive Trade, Procurement and Credit Finance.
Purohit’s resignation comes at a time when Infosys CEO Vishal Sikka has said that company’s focus is on retaining high-performing talent. Sikka has also sought to assure investors that Infosys has to a large extent been successful in curbing attrition. Sikka is upbeat about the company’s second quarter growth, but does not rule out a revision in guidance for the IT major. Sikka recently told analysts at the JPMorgan Investors Summit that the company will see better growth in Q2 as compared to Q1. We see that our Q2 growth is going to be higher than the Q1 growth, but we do see risks that would get us on the trajectory of downwards revision of guidance, because the atmosphere during the course of Q2 has worsened, compared to what we saw in the beginning of Q2,” Sikka said. The company however continues to battle big challenges such as slow momentum in the BFSI sector, general industry pressures in the manufacturing and retail sector and client-specific issues in Europe region.