The head of strategic planning at technology-company Infosys, Ganapathy Subramanian, will reportedly step down after a nearly a decade and take on a managerial role at the chief executive’s family office.
According to an article from Business Standard, Subramanian will join Infosys’ cofounder S D Shibulal – set to retire in August – at his family office Innovations Investment Management India in Bangalore in the near future.
Subramanian confirmed his resignation to reporters but declined to comment on the future appointment. The current director and senior vice president of the single family office, Senthik Kumar, was unavailable for comment.
Subramanian joined Infosys in 2005 and was responsible for corporate development and performance management processes.
Innovations Investment Management has managed the Shibulal family wealth since 2006, alongside a portfolio of hospitality and real estate ventures.
The family office handles around Rs 6,500 crore (€793 million) in assets, and manages a portfolio of real estate and hospitality ventures.
Shibulal's family has a 2.2% stake in Infosys, which at current share price translates to a little over Rs 3,000 crore in value.
The 59-year-old chief executive, who co-founded Infosys in 1981, also owns more than 700 apartments in Seattle, US.
His family office is also committed to education and healthcare, through its two foundations, The Sarojini Damodaran Foundation and The Advaith Foundation.
Infosys this year crossed revenues of Rs 50,000 crore, doubling their year-on-year revenue growth to 11.5%.