Bangalore: Sudhir Chaturvedi, who heads the US financial services business at India’s second largest software exporter Infosys Ltd, has stepped down from his position, marking another high-profile exit from the company’s key banking business after veteran Shaji Farooq quit last year to join rival Wipro Ltd.

Chaturvedi’s exit from Infosys comes a month after another top-level exit from the company, when former global sales head Basab Pradhan announced his decision to resign to join a start-up.

The exit of Chaturvedi, who held the designation of vice-president and head of financial services for Americas at Infosys, was confirmed by at least two people familiar with the development, who requested anonymity. Infosys also confirmed the news when contacted.

“We confirm that Sudhir Chaturvedi has resigned from the company," an Infosys spokeswoman said in an email response.

At his role at Infosys, Chaturvedi used to oversee over $1 billion of business from financial services clients in the US.

The development also comes amid an organizational overhaul led by co-founder and executive chairman N.R. Narayana Murthy that has seen several new appointments at the company’s executive council, the highest decision-making body at Infosys, as part of Murthy’s plans for steering a turnaround at the company.

Earlier this week, Infosys named Ranganath D. Mavinakere, Binod Hampapur Rangadore and Nithyanandan Radhakrishnan as the newest members of its executive council, effective immediately.

Close