New Delhi/Bangalore: Infosys Ltd's research head
Subrahmanyam Goparaju has resigned, just two months after he was inducted into the company's executive council, its highest decision-making body.
This marks the seventh top-level exit at Infosys in six months amid an organizational shake-up being carried out by chairman and co-founder
N.R. Narayana Murthy.
Goparaju, a senior vice-president and head of Infosys Labs, has been with the company for 25 years. He will be with the company till 27 December.
Savio D'Souza, currently technology lead at Infosys, will manage Infosys Labs' service differentiation platforms group, and
Anindya Sircar, will continue to manage the intellectual property cell, Infosys said in a statement on Thursday. Both Savio and Sircar will report to Chandrashekar Kakal, senior vice-president, head of global delivery and member of the executive council.
After Murthy returned to Infosys in June, coming out of retirement seven years after he stepped down from all executive roles, Infosys has seen a string of top-level exits—including
Ashok Vemuri, who was a board member and its Americas head; former global sales head Basab Pradhan; former US head of financial services Sudhir Chaturvedi; and former head of Infosys's utilities and resources business Stephen Pratt, who was the highest-paid executive at the Bangalore-based firm.
CLSA Research in a recent note to clients warned the exits posed a risk to India's second largest software exporter, Mint reported in November. "Continuous churn and reallocation of responsibilities at the top does bring along the risk of undermining some of the good work done post Murthy's return. A change in CEO scheduled in 18 months time could continue this top management flux."
Cowen and Co., a computer services and consulting firm, in a 13 December note published after a meeting with Murthy, said, "The company believes it will be able to select its future CEO from a large pool of available senior managers. Having said that, in certain cases, the advancement of the company's most promising talent has been delayed by other less promising senior talent within the organization.
"Per Mr Murthy, in most cases, management was successfully able to keep promising senior talent which was about to leave Infosys. On the other hand, management voluntarily decided to let less promising talent depart."
Infosys indicated after a management interaction with
Nomura that despite the improvement in demand, its near-term revenue growth will be choppy, the impact on revenues from recent internal changes being one of the reasons. Other reasons include seasonally weak quarters due to the holiday season, ongoing cost rationalization, and creation of five new profit and loss units, Nomura Equity Research said in a note dated 16 December.
"Management indicated that the challenges to growth were more internal rather than external, as it would take time for the company to absorb the recent organizational changes," it said.
The company informed BSE about Goparaju's exit after the stock markets closed on Thursday.
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