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Sangita Singh: Infosys top executive Sangita Singh quits, was among the highest paid

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BENGALURU: Infosys executive vice president and head of its $750-million healthcare and life sciences business, Sangita Singh, has resigned from the company less than two years after joining the firm.

Sangita, one of the senior-most women running a business in the Indian IT industry, had joined Infosys from cross-town rival Wipro where she oversaw the healthcare and lifesciences portfolio that had then a $800 million run rate.

When TOI reached out to Infosys, its spokesperson said, “We do not have any comments to offer.”

Sangita could not be reached either. Industry sources expect her to move to a multinational IT major though this could not be independently verified.

Nitesh Banga, senior VP and global head of manufacturing and Edge products, has also quit the firm to become the COO of GlobalLogic reporting to its CEO Shashank Samant.

Swiss PE investor Partners Group bought 48% stake in GlobalLogic from another PE firm Apax Partners in a deal valuing the product engineering company at over $2 billion. Banga will be responsible for delivery, operations, talent recruitment and management, and information technology. Banga’s exit from Infosys comes as a surprise, because he had become CEO Salil Parekh’s direct reportee recently.

In yet another development, Atul Soneja has been appointed as the head of its product and platforms subsidiary EdgeVerve. Soneja is senior vice president and service offering head – financial services. The leadership at EdgeVerve has been facing an uphill task in monetising its business.

It contributes just 5.2% to Infosys’ revenues even after many years. In October last year, its CEO Pervinder Johar had resigned less than eight months of joining the company. Gururaj Deshpande, VP and delivery head – financial services at Infosys, was appointed the COO of Edgeverve a few months back.

Sangita’s departure does not come as a surprise after a string of senior exits in the country’s second-largest IT firm after its former CEO Vishal Sikka had a fallout with some of the founders.

Other exits included those of technology head Navin Budhiraja, head of design Sanjay Rajagopalan, Ritika Suri, executive vice president handling large deals, Abdul Razack, senior vice-president and head – platforms, big data and analytics, and Pervinder Johar. Healthcare and lifesciences contributes 6.5% to the company’s overall revenues, and counts Novartis, Pfizer and Aetna among its customers.

Updated: June 13, 2018 — 10:24 am

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