Mohit Joshi, President of Infosys, has resigned to take up the position of Managing Director and Chief Executive Officer at Tech Mahindra. Joshi, who has been with Infosys since 2000, will succeed CP Gurnani as MD & CEO at Tech Mahindra when Gurnani retires on December 19, 2023. According to the release, Joshi will join Tech Mahindra well in advance to allow for a smooth transition.
This marks Infosys’ second leadership exit following a series of departures in the Indian IT industry. Ravi Kumar S., the former President of Infosys Global Services Organisation, also left the company to become the global CEO of Cognizant. Sukamal Banerjee, HCLTech’s Engineering and R&D head, was the most recent in the industry to step down.
At Infosys, Joshi was responsible for the company’s global financial services and healthcare business, including the banking platform ‘Finacle’ and the AI/automation portfolio. He also led sales operations and transformation, executive responsibility for all large deals, and was in charge of the company’s internal CIO function and the Infosys Knowledge Institute.
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Before joining Infosys, Joshi worked with ABN AMRO and ANZ Grindlays in their Corporate and Investment bank. Mohit has been a Non-Executive Director at Aviva Plc since 2020 and is a member of its Risk & Governance and Nomination committees.