Yesterday, NR narayan narayanmurthy, founder member and present chairman of Infosys is replaced by K.V. Kamath. This is the first time in the 30 years history of Infosys that an external man is selected as member of management board. On august 21, 2011 murthy will take retirement and Kamath will take his seat. K.V. Kamath is present non executive chairman of leading private sector bank in ICICI India.
The road to kamath as chairman of Infosys is not so easy. He will face the challenge to increase the profit of Infosys. Infosys, India’s number 2 software exporter is in struggle time to maintain its reputation in software market. These days share value of Infosys in Indian share market is decreasing continuously. Infosys is battling aggressive competition from larger rival Tata consultancy Services Ltd and Cognizant Technology, which are steadily chipping away at its market share.
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