Have a look at Infosys ex-CFO Nilanjan Roy net worth, salary and age
Infosys, India’s second-largest IT services company, is witnessing another high-level departure as Nilanjan Roy steps down from his role as Chief Financial Officer at the Rs 617,700 crore market-cap giant.
Who is Infosys ex-CFO Nilanjan Roy, biography, age, education, qualification, salary and net worth
Founded in 1981 by tech billionaires NR Narayana Murthy and Nandan Nilekani, Infosys has experienced recent leadership changes, including the exits of former presidents Ravi Kumar S and Mohit Joshi.
Infosys CFO Nilanjan Roy resigns, effective March 31, 2024. Jayesh Sanghrajka takes over from April 1. Top-level exits trend continues in major IT players like Wipro.
Watch to know more 🎥@StacyPereira89 | #Infosys #NarayanaMurthy #NilanjanRoy pic.twitter.com/vjQDao3C9L
— Moneycontrol (@moneycontrolcom) December 12, 2023
Who Will Succeed Nilanjan?
Nilanjan Roy, who joined Infosys from Bharti Airtel in March 2019, has decided to leave to pursue his “personal aspirations” outside the company, as per an Infosys statement.
Jayesh Sanghrajka, the deputy CFO of Infosys Group since 2015, will succeed Roy as the CFO from April 1, 2024, according to media reports.
Roy’s Remuneration
Infosys, navigating various leadership transitions over the years, is currently led by IIT alumnus CEO and Managing Director Salil Parekh. Roy, a Chartered Accountant and Delhi University alumnus, played a crucial role as CFO during challenging times, including the Covid-19 pandemic.
According to the Infosys Annual Integrated Report 2022-23, Roy’s remuneration for the year was Rs 10.61 crore but his net worth isn’t known and neither is his age.
Nilanjan Roy, a chartered accountant was the Chief Financial Officer of India’s fourth biggest company Infosys and successfully managed the company during the pandemic.
The Infosys CFO went to Delhi University for his Bachelors and has a degree in Commerce (Hons.)
Before joining Infosys, Nilanjan Roy was a top telecom executive and he was serving as the Global Chief Financial Officer of Bharti Airtel and for over 13 years, he was managing the financial operations for India and Africa. He has also worked with the FMCG giant Unilever for over 15 years, working in India, US and Europe.
Infosys Shares Dropped?
The news of Roy’s resignation led to a notable drop in Infosys shares, reflecting concerns among shareholders. Despite the broader market uptrend with Nifty and Sensex, Infosys shares opened one percent lower on the day after Roy’s announcement.
The CFO’s exit prompted a three percent overnight decline in Infosys shares. On December 12, Infosys shares traded at ₹1,478.90 apiece, declining further to ₹1,473.90 apiece at 1 pm.
The company assured shareholders of a smooth transition following Roy’s departure. While some investors view the share dip as a buying opportunity, past trends suggest a potential recovery in Infosys share prices.
The unexpected decline occurred despite Sensex crossing the 70,000 points mark on December 11, primarily driven by increased share prices in the IT sector.