• About
  • Contact
Tuesday, January 19, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Cognizant executive Debashis Chatterjee to be new Mindtree CEO

Saurav Bhagat by Saurav Bhagat
July 31, 2019
in News
3 min read
0
Debashis-Chatterjee-Mindtree-nextbigbrand.in

Debashis-Chatterjee-Mindtree-nextbigbrand.in

Share on FacebookShare on Twitter
  • Chatterjee served in Cognizant before he quit in May after 23 years
  • Two former cognizant executives were widely reported to be in the running for the post.
  • Earlier, L&T purchased 20.32 percent of Mindtree shares from the founder of Coffee Day Enterprises VG Siddhartha in March

Cognizant executive Debashis Chatterjee will take over from August 1, as CEO of Mindtree. Chatterjee joined Cognizant in 1996 and held a number of important roles of leadership. 

Chatterjee served as the worldwide service executive vice president and president in Cognizant before leaving in May after serving the business for 23 years.

Two former cognizant executives, Rajeev Mehta and Debashis Chatterjee, as well as former CEO and co-founder of Mindtree, Anjan Lahiri, have been commonly identified as running for the post.

He said his over-two-decade stint with Cognizant ends today in a LinkedIn article. He held the position of executive vice president and president at Cognizant in his recent role, worldwide delivery. Chatterjee holds a B.A. in Mechanical Engineering from the University of Jadavpur.

Former top executives of Mindtree–Chief Executive Rostow Ravanan, Chairman Krishnakumar Natarajan and Vice-Chairman Parthasarathy NS–had left previously this month following L&T’s acquisition of the mid-tier IT business. As of July 17, Subroto Bagchi, one of Mindtree’s main founding members, also chose to retire from the company’s board.

Larsen & Toubro, which recently took over mid-sized IT firm Mindtree in India’s first hostile takeover in years, had said it would announce a new CEO for the company by the end of this week.

The infrastructure giant purchased 20.32 percent of Mindtree shares from the founder of Coffee Day Enterprises VG Siddhartha in March for more than 3,000 crores. Subsequently, it shored up its holding with more open market share purchases before making an open bid for a further 31 percent stake.

Mindtree Ltd recorded a 41 percent fall in its quarterly profit due to greater expenditures in the April-June quarter. Net profit dropped to about 92.7 crores in the quarter from about 158.2 crores in the previous year ended 30 June.

The total costs of the company grew from 1,451.3 crores in the respective period a year ago to approximately 1,730 crores in the April-June period. Revenue in the June quarter grew from around 1,639.5 crores in the year-ago era to 1,834.2 crores in the June quarter. On a sequential basis, however, it was smaller than the crore reported in the quarter of March.

Over the previous few years, Mindtree has been one of the fastest-growing midcaps IT firms. Analysts say the firm will also have to deal with the disturbance created by the shift as well as the general economic environment being soft for the IT business.

VG Siddhartha – The Man Who Changed The Coffee Culture Of India

Tags: CCD FounderCognizantDebashis ChatterjeeL&T takeover MindtreeMindtreeV.G. Siddhartha
Previous Post

Timeline of events of sudden demise of V G Siddhartha founder of CCD

Next Post

Blackstone acquires 6% stake in Fashion Arm of Future Group

Saurav Bhagat

Saurav Bhagat

Saurav Bhagat is an experienced digital marketer and SEO Trainer from New Delhi, India. Saurav is inclined towards brands and brand story-telling from the past half a decade. His interest in startups has made him an immense member of the NBB Family from its very early days. Saurav loves Chai and writes his day to day experiences on Quora and Yuvagasm Media too. He believes in the power of storytelling for a Brand and also in general. He often says- "Stories are powerful enough to build and erase empires and generations!"

Related Posts

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change
News

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

January 19, 2021
Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round
News

Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round

January 19, 2021
Hike Messaging App Shuts Down: Vanishes from Play Store and App Store
News

Hike Messaging App Shuts Down: Vanishes from Play Store and App Store

January 19, 2021
Cure.fit Empowers its US Operations with Onyx Acquisition
News

Cure.fit Empowers its US Operations with Onyx Acquisition

January 18, 2021
Big Bull Backed Nazara Technologies Becomes first Indian Gaming Company to File for IPO
News

Big Bull Backed Nazara Technologies Becomes first Indian Gaming Company to File for IPO

January 19, 2021
Under Pressure WhatsApp Delays its Controversial New Policy Update
News

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
Next Post
future group-nextbigbrand.in

Blackstone acquires 6% stake in Fashion Arm of Future Group

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Azim Premji Is Biggest Philanthropist Of India, Followed By Shiv Nadar

Azim Premji Is Biggest Philanthropist Of India, Followed By Shiv Nadar

2 months ago
xiaomi smartphone brand

Xiaomi Dominates Smartphone Segment In Quarter 3: IDC

1 year ago
Top Grossing Dating App- Next Big Brand

Tinder Tops The List Of Top Grossing Dating Apps, Bumble & Pairs Follow

11 months ago
OYO CEO Ritesh Agarwal:- Next Big Brand

“OYO Was Not Ready For Zero Occupancy Rate Issue”: Ritesh Aggarwal

4 months ago

FOLLOW US

  • 22.3k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change
  • Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round
  • Hike Messaging App Shuts Down: Vanishes from Play Store and App Store

Instagram

Follow Me!

Latest News

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

January 19, 2021
Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round

Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round

January 19, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.