Management at Infosys Ltd attempted on Monday to allay concerns that the software services firm was facing a worsening dispute with its founders over how the company was being run, saying that the board was engaging with the founders, including NR Narayana Murthy.
The country’s second-biggest IT services company behind Tata Consultancy Services has been locked in a public war of words with the founders and former executives, who, led by Murthy, have raised concerns over various decisions taken by the board.
To allay investors’ concerns, Infosys CEO Vishal Sikka said, “I am kshatriya warrior. I am here to stay and fight,” in an interview to Money Control after the company’s chairman R Seshasayee defended Sikka and the management at a press conference in Mumbai.
Sikka’s assurance, however, has sparked a barrage of responses on Twitter, given the caste reference.
The row comes at a time when the more than $150 billion IT services industry has seen a slowdown in new deals with Western clients, and is bracing for changes in US work visa rules in its biggest market, the United States, that could increase costs significantly and dent profits.
{{/usCountry}}The row comes at a time when the more than $150 billion IT services industry has seen a slowdown in new deals with Western clients, and is bracing for changes in US work visa rules in its biggest market, the United States, that could increase costs significantly and dent profits.
{{/usCountry}}(With inputs from agencies)
Also read | Why Vishal Sikka has everyone’s support at Infosys