Vineet Nayyar, the former executive Vice Chairman of Tech Mahindra has passed away at 85 years of age.
Nayyar was at the helm of Tech Mahindra during the crucial buyout of Satyam by Mahindra and oversaw the subsequent merger.
"It saddens me to share the news of the passing of Vineet Nayyar this morning," Mahindra Group Chairman Anand Mahindra posted on X (formerly Twitter).
Mahindra further wrote that he would personally be most grateful to Nayyar for his vision in exhorting us to establish the Mahindra University, on the campus of the erstwhile Satyam Computer. "Thank you for your friendship. You will always live on in our hearts," Mahindra further wrote on the social media platform.
IT industry body Nasscom also expressed condolence on X. "We will always remember the significant contributions of Vineet Nayyar, former Executive Vice Chairman of Tech Mahindra. His visionary leadership and dedication have left an indelible mark on the industry. Our deepest condolences to his family, friends, and colleagues. His impact and achievements have carved a lasting legacy," Nasscom posted.
Former MD and CEO of Tech Mahindra, CP Gurnani too shared the grief and said, "Heartbreaking news... India has lost one of its finest leaders today.. #VineetNayyar... Personally it's like losing the light that has led me for decades... He was friend, philosopher, brother, guide & statesman par excellence... My heart and thoughts with Reva and family. #OmShanti."
Nayyar was born in 1939 and had completed his master's in development economics from Williams College, Massachusetts. He career started with the Indian Administrative Services, holding several senior positions including that of a District Magistrate, Haryana Agriculture Secretary and Director, Department Of Economic Affairs in the Central Government.
Vineet Nayyar was the founding Chairman & Managing Director of state-run Gas Authority of India (GAIL). After moving to the private sector, he served as the Managing Director of HCL Corp and as the Vice Chairman of HCL Technologies.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.