MphasiS Limited has informed the Exchange regarding a press release dated January 09, 2026, titled "Girish Srikrishna Paranjpe appointed as Chairperson of Mphasis".
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MphasiS Limited has appointed Mr. Girish Srikrishna Paranjpe as the new Chairperson of its Board, effective January 7, 2026. Mr. Paranjpe was already serving as an Independent Director on the MphasiS board since October 2024, making this an internal elevation. He succeeds Ms. Jan Kathleen Hier, whose term as Independent Director and Chairperson concluded on December 10, 2025. Mr. Paranjpe is the Co-promoter and General Partner at Exfinity Venture Partners and also sits on the boards of Axis Bank, CRISIL, Axis Max Life Insurance, Modenik Lifestyle, and IBS Plc. CEO and Managing Director Nitin Rakesh continues in his role, so there is no change in executive leadership.
This is a smooth, planned succession with continuity in the boardroom — an existing Independent Director takes over as Chair, and the CEO remains unchanged. Shareholders are unlikely to see any disruption, and the appointment of a director with deep tech and venture capital experience may be viewed positively given MphasiS's AI-led strategy.