Ashok Leyland vice chairman Mr R Seshasayee has been named as the new non-executive chairman of Infosys, second-largest software services firm. He is replacing private banker KV Kamath, who has been appointed president of the newly-created $100-billion BRICS Bank. Seshasayee has been an Independent Director on the Board since January 2011 and is the chairperson of the Audit Committee. He started his career with Hindustan Lever in 1971 and joined Ashok Leyland in 1976, where he became executive director in 1983 and MD in 1998. Seshasayee has also been the chairman of IndusInd Bank since 2007.

After retiring as the CEO of ICICI Bank in April 2009, Kamath got appointed as the chairman of Infosys, replacing its founder NR Narayana Murthy in August 2011.

Tidbits

• Infosys is headquartered in Bangalore,Karnataka.
• Infosys was co-founded in 1981 by Narayan Murthy, Nandan Nilekani, Ashok Arora and few more after they resigned from Patni Computer Systems.
• The company was incorporated as “Infosys Consultants Pvt Ltd.” with a capital of Rs. 10,000.
• On 31 March 2015, Infosys had 950 clients across 50 countries.

GK Question

• What is the name of the software developed by Infosys, which is a universal banking solution with various modules for retail and corporate banking? Finacle
• Who is the present  CEO and MD of Infosys? Vishal Sikka