Infosys: Nandan Nilekani may be returning; did Arundhati Bhattacharya get an invite to the board?

Infosys: Nandan Nilekani may be returning; did Arundhati Bhattacharya get an invite to the board?

After NR Narayana Murthy, he can Nandan Nilekani’s responsibility back to Infosys, a company he co-founded with others. Just a week after leaving CEO Vishal Sikka, it is rare that Nilekani can play a role in a company to lead through difficult times. CNBC-TV18 was the first to report sources of development citing. Neither Nilekani nor Murthy responded to the news, but the report says an announcement is expected on Friday.

Meanwhile, there are indications that Nilekani can prepare for the role of non-executive chairman of the board of directors. According to a report published in The Economic Times, even if not decided, a trip of two months to the United States was canceled. “He is serious, but he will return as non-executive president, in a non-operating or corporate function,” an unidentified source was quoted in the report. The development comes after 12 national institutional investors have written to the company asking him to bring Nilekani, who was his former CEO. He left Infosys in 2009 to head UIDAI, after the UPA government has entrusted the mandate of the controversial Aadhaar project.

“Recent developments are of great concern to all of us,” he told investors, including large mutual funds and insurance companies, in his letter, adding that Infosys Nilekani would consider inviting the Board in a “suitable capacity,” Reuters said. . Taking into account their credentials, we believe that joining the Board at this stage will restore the trust of the stakeholders in the company and also facilitate the resolution of the litigation currently facing Infosys, “said the funds In the letter “The company has written a letter including HDFC Asset Management, ICICI Prudential Asset Management and Birla Sun Life Asset Management, which jointly own 10 percent of the business while developers and their families own 12.75 percent.

Meanwhile, Infoshop former financial director V Balakrishnan has favored the introduction of Nilekani as president of the company, saying that his experience and knowledge of customers had a “good face” to lead the organization in the current situation. Speaking to PTI, Balakrishnan said that given the current situation, the junta should consider obtaining Nilekani to the bar and said the current president (R Seshasayee) and Co (Ravi Venkatesan) should be turned over. “Nilekani is a good global player and he is very respected. He has worked on major government projects … … Aadhaar has the right qualifications to come to the board,” said Balti Pili.

Although rumors of a major reorganization of the council continue to make the rounds, Fortune reported about 10 days ago. SBI President Arundhati Bhattacharya had a seat on the company board. According to sources quoted by the reports, which occurred before the announcement of the resignation by Vishal Sikka on August 18. The report also said that Bhattacharya had the approval of the Board of Directors and Management, but might be willing to assume his role after his retirement on 6 October. In a sudden move, the first non-founder CEO of Infosys, Vishal Sikka resigned last week citing defamation by the founders. The Infosys board issued a statement accusing the one-time co-founder N R Narayana Murthy to the resignation of the CEO. Infosys said it would find a replacement for the CEO by the end of the year.

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