Mohandas Pai steps down from Infosys
In a surprising development, Mohandas Pai has stepped down from IT giants Infosys as member of the board and the company’s Director In-charge of the Human Resource Department, the company said.
His resignation will take effect from June 11 this year.
T.V. Mohandas Pai was Member of the Board of Directors, and Head ? Administration, Education and Research, Finacle, Human Resources, and Infosys Leadership Institute
He had joined Infosys in 1994 and has served as a Member of the Board since May 2000. He was the Chief Financial Officer from 1994 to 2006. In 2006, he voluntarily demitted the office of CFO to lead efforts in the areas of Human Resources and Education and Research.
As the CFO, he played a strategic role in transforming Infosys into one of the world?s most respected and widely known software services companies. He formulated the country?s first publicly articulated financial policy for the company.
He played a key role in branding the company among the investor community and enhancing transparency and disclosure levels. The Infosys Annual Report, under his supervision, has won the top awards consistently from the Institute of Chartered Accountants and from the South Asian Federation of Accountants.
Mohan was an integral part of the Infosys team that enabled the first listing of an India-registered company on NASDAQ and the first sponsored secondary offering of American Depositary Shares by an Indian company. He was voted ?CFO of the Year? in 2001 by IMA India. He won the ?Best CFO in India? award from Finance Asia in 2002, and ?Best Chief Financial Officer in India? in the Best Managed Companies poll conducted by AsiaMoney in 2004.
