Tiger's retirement comes at a time when the IT services and BPM sectors are seeing a slew of top leadership changes in the recent quarters. He will, however, continue as a member of the board of directors.
For the full year the company has beaten its guidance on revenue, reporting a 6 percent growth in constant currency terms
"The BPM market is now more and more embedded with digital technologies in the delivery of services," he said.
Despite Cognizant cutting its guidance, Genpact has raised its revenue guidance for the full year led by an uptick in North America and its acquisition of Pharmalink earlier this year.
Genpact has reported a strong set of fourth quarterly numbers. The BPO major beat market expectations and posted a 33% increase in net profits to USD 61.1 million.
The Genpact management has quashed speculation that PE investors - Oak Hill & General Atlantic are looking to exit the company.
Pramod Bhasin has stepped down as the CEO of Genpact and Tiger Tyagarajan will take over the reins of the company. In a press conference, Bhasin said, he is stepping down for personal reasons. However, he said, he will spend about 30% of his time at Genpact.