Blackstone owns over 60 per cent of Mphasis, after it bought out Hewlett-Packard’s stake in the company last year. Rakesh stepped down as CEO of US-listed Syntel in November.
Kurien will succeed Prakash Parthasarathy, the current CIO of Premji Invest, who has resigned to pursue ‘his entrepreneurial aspirations.’
The Mumbai-headquartered company has said it is looking to double its revenue in three years and winning larger deals and growing in newer markets is part of that strategy.
The banks involved in the larger pilot, including State Bank of India, are working with New York-based startup MonetaGo, which will provide the platform.
Kurien served as Wipro chief executive for five years before being replaced in that role by Abid Ali Neemuchwala early last year.
The slowdown was seen across all city tiers, with a de growth of 31.7 percent in Tier 1 cities and 29.5 percent in Tier 2,3 & 4 cities in Nov 2016 over Oct 2016.
For the quarter ended December 31, L&T Infotech reported revenue of $245.1 million, up 3.8% in constant currency from the second quarter.
India scored unexpectedly high in a report on artificial intelligence (AI) that the IT company released at the World Economic Forum in Davos.
Indian outsourcing giants Infosys & TCS brace themselves for stringent visa norms expected to be unveiled by the new Trump administration in US.
The IT company has about 700 full-time employees working in projects for its Irish customers, about 320 of whom are based in Ireland.
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