Shibulal

S D Shibulal bought 7,58,755 shares of the company amounting to Rs 100 crore in a block deal transaction from Kumari Shibulal.

Opening up about his biggest regrets - personal or professional, he recounted that "a lot of my founder colleagues told me not to leave Infosys in 2014, to stay a few years".

Two of the billionaire co-founders of software major Infosys S Gopalakrishnan and S D Shibulal and some of the latter's family members on Thursday sold 7.5 million equity shares in the company for Rs 862 crore on exchanges.

Infosys shares slumped over 3 per cent on Thursday following large block deals involving the sale of 75 lakh shares. According to reports, Infosys co-founders Kris Gopalakrishnan and SD Shibulal, sold 50 lakh and 25 lakh shares via block deals today morning.

Sudha Gopalakrishnan, wife of Infosys co-founder S Gopalakrishnan, is the largest promoter shareholder at India's second-biggest software services firm with a 2.14 per cent stake at the end of October-December 2014 quarter.

Infosys co-founders S. Gopalakrishnan and S.D. Shibulal have come together again to set up Axilor Ventures, a business incubator to help entrepreneurs succeed in diverse verticals.

Six of the seven Infosys founders were present at the IT giant's farewell for the men who started the company back in 1981.

After leading India's second largest software services firm Infosys, its co-founder S D Shibulal and his wife are now working for social causes like education, child cardiac surgeries, old age pension schemes and organic farming.

An outsider, Mr Sikka will be the first non-founder to take over as CEO since 1981, when the company was founded by seven friends.

Infosys' new CEO, Vishal Sikka, on Wednesday said his strategy to turn around India's second largest IT exporter would revolve around bringing in innovation and building new solutions to meet customer needs, while broadly sticking to the plan put in place by founders.

Infosys, India's second largest IT firm, on Friday said it will contribute Rs 240 crore this fiscal year to its philanthropic arm - Infosys Foundation - for funding corporate social responsibility (CSR) activities.

Standing at the "cusp of change", IT services giant Infosys will now widen its focus on software assets and intellectual property under its new chief executive Vishal Sikka, analysts say.

"Change is a part of life" were the parting words of S D Shibulal, the outgoing chief executive of Infosys who started the IT company with six friends over three decades ago.

Attrition would be one of the major challenges for incoming Infosys CEO Vishal Sikka, who takes charge next month.

Infosys' consolidated sales in the June quarter grew to Rs 12,770 crore against estimates of Rs 12,817 crore, but profits were higher at Rs 2,886 crore beating estimates of Rs 2,677 crore on the back of better-than-expected rise in margins.

S D Shibulal bought 7,58,755 shares of the company amounting to Rs 100 crore in a block deal transaction from Kumari Shibulal.

Opening up about his biggest regrets - personal or professional, he recounted that "a lot of my founder colleagues told me not to leave Infosys in 2014, to stay a few years".

Two of the billionaire co-founders of software major Infosys S Gopalakrishnan and S D Shibulal and some of the latter's family members on Thursday sold 7.5 million equity shares in the company for Rs 862 crore on exchanges.

Infosys shares slumped over 3 per cent on Thursday following large block deals involving the sale of 75 lakh shares. According to reports, Infosys co-founders Kris Gopalakrishnan and SD Shibulal, sold 50 lakh and 25 lakh shares via block deals today morning.

Sudha Gopalakrishnan, wife of Infosys co-founder S Gopalakrishnan, is the largest promoter shareholder at India's second-biggest software services firm with a 2.14 per cent stake at the end of October-December 2014 quarter.

Infosys co-founders S. Gopalakrishnan and S.D. Shibulal have come together again to set up Axilor Ventures, a business incubator to help entrepreneurs succeed in diverse verticals.

Six of the seven Infosys founders were present at the IT giant's farewell for the men who started the company back in 1981.

After leading India's second largest software services firm Infosys, its co-founder S D Shibulal and his wife are now working for social causes like education, child cardiac surgeries, old age pension schemes and organic farming.

An outsider, Mr Sikka will be the first non-founder to take over as CEO since 1981, when the company was founded by seven friends.

Infosys' new CEO, Vishal Sikka, on Wednesday said his strategy to turn around India's second largest IT exporter would revolve around bringing in innovation and building new solutions to meet customer needs, while broadly sticking to the plan put in place by founders.

Infosys, India's second largest IT firm, on Friday said it will contribute Rs 240 crore this fiscal year to its philanthropic arm - Infosys Foundation - for funding corporate social responsibility (CSR) activities.

Standing at the "cusp of change", IT services giant Infosys will now widen its focus on software assets and intellectual property under its new chief executive Vishal Sikka, analysts say.

"Change is a part of life" were the parting words of S D Shibulal, the outgoing chief executive of Infosys who started the IT company with six friends over three decades ago.

Attrition would be one of the major challenges for incoming Infosys CEO Vishal Sikka, who takes charge next month.

Infosys' consolidated sales in the June quarter grew to Rs 12,770 crore against estimates of Rs 12,817 crore, but profits were higher at Rs 2,886 crore beating estimates of Rs 2,677 crore on the back of better-than-expected rise in margins.