There has long been some speculation that Naik tracks L&T Infotech, his brainchild, very closely and doesn’t leave much room for independent decisions.
The IT arm of the engineering major also plans to expand its reach in other such as Australia, Singapore, Japan, South Africa, India and the Middle East.
Sood previously worked at JP Morgan Chase, where he was responsible for strategy and delivery within the JPMC Global Service Centre.
Directi has seven businesses ranging from online advertising to calling apps and digital meal vouchers and benefits.
The lofts, which offer everything from open workspaces to consulting to networking services, are essentially hubs for entrepreneurs.
AWS, as it is normally called, is now on track to being a $10 billion annual business this year. It has an operating margin of over 24 per cent.
Infosys CEO Vishal Sikka is paid the most, and has the highest ratio of CEO compensation to median employee remuneration.
SAP tied up with the Society for Innovation and Entrepreneurship (SINE), a technology and business incubator at the IIT campus to run the startup accelerator.
The company’s shares were down 5 per cent in Friday afternoon trade, as traders factored in the potential impact of Brexit on the company.
Tech Mahindra will be hurt less because it has less exposure to BFSI. Even though it has 10% exposure to the GBP, the INR is likely to depreciate.
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