Infosys-Infosys appoints Jayesh Sanghrajka as interim CFO

Infosys appoints Jayesh Sanghrajka as interim CFO

A chartered accountant with over 20 years of experience, Sanghrajka has spent 13 years in Infosys over two stints and has performed various leadership roles in the finance department.

Infosys has appointed Jayesh Sanghrajka as the interim Chief Financial Officer (CFO) with effect from November 17, according to a release filed with the exchanges.

The current CFO, MD Ranganath, will step down on November 16. The board is in the process of selecting the next CFO.

Sanghrajka is currently executive vice president and Deputy Chief Financial Officer at Infosys.

A chartered accountant with over 20 years of experience, Sanghrajka has spent 13 years in Infosys over two stints and has performed various leadership roles in the finance department.

Infosys gains 1% post co appoints Jayesh Sanghrajka as interim CFO

Foreign research house Morgan Stanley has maintained equal-weight call on the stock with a target of Rs 759 per share.

Shares of Infosys gained 1 percent in the early trade on Friday after company appointed Jayesh Sanghrajka as interim CFO.

The company has appointed Jayesh Sanghrajka as the interim chief financial officer (CFO) and key managerial personnel of the company with effect from November 17, 2018, company said in release.

The current CFO, MD Ranganath, will step down on November 16. The board is in the process of selecting the next CFO.

Sanghrajka is currently executive vice president and Deputy Chief Financial Officer at Infosys

Foreign research house Morgan Stanley has maintained equal-weight call on the stock with a target of Rs 759 per share.

Company board is still in the process of selecting the next CFO and it believes that the transition is likely to be a smooth one.

The company reported 13.8 percent sequential growth in the second quarter consolidated profit at Rs 4,110 crore, while consolidated revenue grew by 7.7 percent to Rs 20,609 crore compared to Rs 19,128 crore in the previous quarter.

At 09:17 hrs Infosys was quoting at Rs 661.30, up Rs 4.95, or 0.75 percent on the BSE.