IT firm Mindtree on Friday said its co-founder and Executive Chairman Ashok Soota has resigned from the post in order to take on a new business venture.
He has also resigned from the post of director of the company, IT firm said in a statement.
"The decision to resign is for personal reasons. It is something I have thought about for a few months and arrived at a well-considered conclusion. I will finalise and announce my plans for a new business venture, shortly after my departure from MindTree," it added.
Soota further added, that since MindTree already has a CEO & MD, transition will not pose any difficulties.
Ashok Soota was the co-founder of MindTree in August 1999 along with nine other industry professionals.
The businesses of MindTree cover IT Services, Product Engineering Services, Independent Testing, Infrastructure Management & Technical Support and Wireless Products.