Infosys investors call for bringing Nandan Nilekani back on board

Must Read

Sanju Samson to replace Shikhar Dhawan in T20 series against WI

Sanju Samson will replace injured Indian opener Shikhar Dhawan in the T20s series against West Indies starting from next...

Supreme Court lashes out on Centre & Delhi govts for Rising Pollution

The Apex Court of the Country, the Supreme Court on Monday lashed the Central and State Government for their...

Harbhajan Singh wishes BCCI Prez Sourav Ganguly to change Selection Panel

The Indian off-spinner Harbhajan Singh on Monday urged Sourav Ganguly, President of BCCI (The Board of Control for Cricket...
Kunwar Prithvi Singh Chauhan
Part time journalist, full-time observer. Editor-in-Chief at The Indian Wire. I cover updates related to business and startups.

Domestic Institutional Investors, who hold a significant stake in Infosys, have supported the campaign of bringing Nandan Nilekani back on Infosys board and have urged the company to take steps in the same regard.

In a letter dated Wednesday, August 23rd, 2017, the investors stated that the body has held discussions and after the mutual deliberations, it is learnt that the investors want Nandan Nilekani back on board. Though it is understood that Nilekani might not be available to take up the opportunity full time, the letter has urged the company to convince Nilekani to join in a suitable capacity.

The letter also stated that the investors feel Nilekani enjoys trust and support of the majority of the stakeholders in Infosys and his elevation to hold the top responsibility will not be opposed by anyone concerned.

Nandan Nilekani, who was one of the original 7 co-founders of the company, left Infosys in 2009 while he was vice-president to head UIDAI (Unique Identification Authority of India). UIDAI is the organisation which has developed Aadhaar.

The letter from investors added that Nandan Nilekani’s credentials make him the best candidate for the situation that is going on right now. This move will also establish the lost trust of shareholders in the company and will take it to stability. In the letter, the investors have urged Nilekani to consider this proposal and join Infosys board asap.

The list of investors mentioned on the letter include the likes of Franklin Templeton Chief Information Officer Anand Radhakrishnan, IDFC AMC (equities) Head Anoop Bhaskar, DSP Blackrock Investment Managers’ CIO Anup Maheshwari, SBI Life Insurance CIO Gopikrishna Shenoy, Birla Sunlife AMC Co-CIO Mahesh Patil, ICICI Prudential Life Insurance CIO Manish Kumar, SBI Funds Management Executive Director Navneet Munot, Kotak Mahindra AMC CEO Nilesh Shah, HDFC AMC Executive Director Prashant Jain, and HDFC Life Insurance CIO Prasun Gajri.

Along with this, there are rumours that SBI head, Arundhati Bhattacharya might also be in contention to join company’s board.

Infosys declined to comment on the development saying that the company does not want to react on speculations and rumours.

- Advertisement -

Latest News

Integrated logistics startup Allcargo buys controlling stake in Gati for around INR 416 cr

Marking its foray into the express logistics race, Allcargo, an integrated logistics startup, has reportedly bought a majority stake...

Punjab govt looks to set up INR 100 cr startup fund to support MSMEs, entrepreneurs

With a view to support the Indian startup ecosystem, the Punjab government is looking to set up an INR 100 crore startup fund to...

Govt to deploy bigger funds for startup to boost Startup India scheme, says Piyush Goyal

In order to surge the Startup India scheme, which was started by Prime Minister Narendra Modi, the Commerce and Industry Minister, Piyush Goyal, said...

Govt orders e-commerce unicorns Amazon, Flipkart to submit annual compliance reports as per FDI norms

Stating stiff laws against violation of foreign direct investment (FDI) by the e-commerce platforms such as Amazon and Flipkart, the government has now made...

Disney to make a spin-off of ‘Aladdin’ character Prince Anders

The Walt Disney Studio is developing a spin-off from one of its live-action remakes, marking it for the first time, according to The Hollywood...
- Advertisement -

More Articles Like This