Mohit Joshi, president of Infosys’ Financial Services and Healthcare/Life Sciences businesses, has resigned. Joshi will be with Infosys until June 9, 2023, according to a regulatory filing with the stock exchanges.
“Infosys, a global leader in next-generation digital services and consulting, today announced the resignation of Mohit Joshi, President. Effective March 11, 2023, he will be on leave and his last date with the company would be June 09, 2023,” the company said in its statement.
The Board of Directors expressed their heartfelt gratitude to Mohit Joshi for his services and contributions to the company, according to the exchange filing.
Joshi joined Infosys in 2000 and has worked at various levels for the technology firm. Joshi was appointed CEO of Infosys Mexico in 2007 and was instrumental in establishing the company’s first subsidiary in Latin America.
He was also the chairman of Edgeverve Systems, where he was responsible for the software vertical, which includes Finacle, the global banking platform.
Finacle is widely used by banks across 100 countries, serves over 1.05 billion customers and 1.3 billion accounts. It is the platform of choice for well-established financial institutions, financial technology organizations (Fintech), digital-only banks, and, non-financial companies, as per the company website.
He has previously worked in India with ABN AMRO and ANZ Grindlays in their Corporate and Investment banks.
Joshi studied in Delhi, where he studied history from St. Stephen’s College, Delhi. He holds a Master of Business Administration from Delhi University’s Faculty of Management Studies. Joshi has professional experience in the United States, India, Mexico, and Europe. His expertise lies at the nexus of financial services and technology.
Joshi was named a Young Global Leader (YGL) by the World Economic Forum in Davos in 2014.
This is Infosys’s second major exit in recent years. Ravi Kumar S recently left Infosys to become CEO of Cognizant.