Phaneesh Murthy: Success or Failure

phaneesh-mPhaneesh Murthy: The man behind Infosys’ US business, and was known as the blue-eyed boy of Infosys co-founders, Narayana Murthy and Nandan Nilekani. Murthy rose to head global operations from California and was appointed as director of Infosys and Infosys BPO in May 2000.

In 2002, his former executive secretary Reka Maximovitch, a Bulgarian American national, filed the lawsuit against him, complaining of sexual harassment. This cost him his job and the case was later settled out-of-court for a sum of $3 mn.

After that, he became the chief executive officer of iGate Corporation in 2003, after the company acquired his start-up Quintant. Under his tenure, iGate acquired Patni Computer Systems in 2011 for $1.22 bn. Within a span of 10 years, iGate transformed into a profit-making company from a loss-making company. Its revenues grew from $2 mn to $750 mn.

However, the board of iGate sacked Murthy after an investigation revealed that he was involved in a relationship with a subordinate employee Araceli Roiz and a sexual harassment case was filed against him. Murthy, however, denied all the charges, saying it’s a case of extortion.

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