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Top fund managers write to Infosys board, pitch for Nandan Nilekani's return

According to the signatories of a letter to the board, Nilekani enjoys the confidence of customers, stakeholders and employees and his return to the board would instill credibility.

August 23, 2017 / 14:42 IST
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Top fund managers and Domestic Institutional Investors have written to the board of Infosys pitching for the return of co-founder Nandan Nilekani in a "suitable capacity".

According to the signatories of the letter, Nilekani enjoys the confidence of customers, stakeholders and employees and his return to the board would instill credibility.

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Vishal Sikka, the first non-co-founder CEO of Infosys, stepped down on Friday citing continuous distractions and increasingly personal attacks on him. In a strongly worded email to the stock exchanges, the Infosys Board blamed Murthy’s “continuous assault” as the primary reason for him putting down his papers.

Over the past few months, Infosys has been embroiled in controversy after founder NR Narayana Murthy raised issues of corporate governance at the company and questioned some of the decisions that had been taken by Sikka.