Change in Management
CEINSYS · price
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Ceinsys Tech Ltd's board, at its May 3, 2025 meeting, approved two key appointments. Mr. Phaneesh Murthy, a well-known industry veteran (former CEO of iGate and former global sales head at Infosys), has been appointed as a Non-Executive Independent Director for a 5-year term, subject to shareholder approval. Separately, Mr. Surej Kunthithayyil Poyil, who was earlier named CEO Designate on March 26, 2025, has now been appointed as an Additional Director under the Executive Category. Mr. Surej brings experience from senior roles at Cognizant, UST Global, and most recently as CEO of Intelliswift (USA). Neither appointee is related to existing directors, and both appointments were recommended by the Nomination and Remuneration Committee and Audit Committee.
The appointments signal a strategic strengthening of leadership, adding a high-profile independent director with a strong track record in scaling IT services businesses alongside an experienced operational CEO. For shareholders, this could boost confidence in the company's growth ambitions, particularly given the US subsidiary focus, though the appointments remain subject to shareholder approval.