Infosys Names Nitin Paranjpe as Vice Chairman, Dismissing Rumors of Executive Transition

Infosys Appoints Nitin Paranjpe as Non-Executive Vice Chairman

Infosys, India's second-largest IT services firm, has elevated board member Nitin Paranjpe as non-executive vice chairman, effective immediately. The appointment was cleared by the board on the recommendation of the Nomination and Remuneration Committee, as per an exchange filing by the company.

Paranjpe, who has served on the Infosys board, will support the chairman in guiding the board and the company's strategic agenda. His elevation adds heft to Infosys' board at a time when large IT services firms are recalibrating operating models around artificial intelligence.

Nandan Nilekani, the chairman of Infosys, has signalled continuity at the top, stating that there is no plan for a chairman transition. Nilekani, who has been at the helm since August 2017, has been instrumental in guiding the company through structural changes and is set to complete his second term next year.

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Leadership Continuity and Stability

The move comes as Nilekani approaches a decade as chairman next year, highlighting stability at the top even as the company navigates a generational shift in technology and delivery and operating models. Nilekani was not given a tightly defined tenure at the time of his appointment, with the expectation that he would stay on as long as needed to restore stability and guide the company through structural changes.

The leadership continuity also overlaps with CEO Salil Parekh's tenure cycle. Parekh, who took over in January 2018, is set to complete his second term next year, putting both the chairman and CEO timelines in focus for investors watching succession planning at Infosys.

Board Strengthening and AI Pivot

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The changes come as Infosys sharpens its positioning as an AI-first services company, with Nilekani playing an active role in articulating strategy as the industry shifts from traditional labour-arbitrage models to AI-led delivery. Strengthening the board with experienced leaders like Paranjpe signals both continuity and preparation for the next phase of leadership evolution.

Other Board Decisions

Separately, the company said Shreyas Shibulal and Bhairavi Madhusudhan Shibulal, son and daughter-in-law of co-founder S D Shibulal, have sought reclassification from the 'promoter and promoter group' category to 'public'. This proposal has been approved by the board, subject to regulatory and shareholder clearances. The applicants hold about 0.56 percent of the equity.