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In yet another senior level exit, India’s second largest information technology (IT) services company, Infosys on Thursday said Senior Vice-President and Executive Council member Chandrashekar Kakal had resigned from the company. Kakal’s resignation would be effective April 18, the company said in a regulatory filing. “I am exploring multiple options, including starting something of my own, as well as joining other corporate,” Kakal told Business Standard. “There are some offers I have, but I cannot share any further details about this.” This is the ninth top-level exit from the Bangalore-based company since June, when co-founder
NR Narayana Murthy returned to the company as its executive chairman. The company has seen resignations of top CEO-contenders Ashok Vemuri and V Balakrishnan, among others. In February, while addressing an analyst meet, Murthy had hinted Infosys might continue to see some more senior-level exits. However, he reiterated that the Infosys’ business had not been impacted in any way due to these exits. In a statement, criticised by several experts and analysts, Murthy had said most of those who left the company were not contributing to the business in any significant way, and were drawing huge salaries.
"Let me ensure you one thing, there is absolutely no turmoil (due to the exits)," Murthy had said. "Barring some rare exceptions, let me assure you that nobody who was adding value to the company had to leave; that's the reality. Unfortunately these were the people deriving very high salaries and unfortunately we were not getting value from them and therefore they realised that there would not be much growth for them and therefore they left the company. We wish them luck, they are our good friends, there were days when they added to the company but there were days they did not."
