Infosys President Mohit Joshi resigns, to join Tech Mahindra as its CEO
Ten News Network
New Delhi (India), 12th March 2023: Tech Mahindra, the fifth-largest IT company in India, announced that Mohit Joshi has been named as its managing director and CEO for a term of five years beginning on December 20, 2023. In lieu of CP Gurnani, who will retire in December, Joshi will take over
After 22 years as president of Infosys, the second-largest IT company in the nation, Joshi announced his resignation. His last day with Infosys will be June 9, according to Infosys, and he will be on vacation. Mohit Joshi’s services and contributions to the business were deeply appreciated, the board of directors stated in a stock exchange filing.
According to experts, the decision benefits Mahindra Group both strategically and financially.”This is extremely encouraging for Tech Mahindra and has the ability to spur the stock’s valuation to increase. For Tech Mahindra, Joshi will bring benefits to revenue and organisational excellence”according to Ruchi Burde Mukhija, vice president of equities research at Elara Capital.
According to the article, “Mohit may join the roster of outside candidates like Sudhir Singh, Salil Parekh, Sanjay Jalona, and Sandeep Kalra who have significantly turned around the current organisations.”