Larsen & Toubro Infotech Limited announced that Sanjay Jalona has resigned as Chief Executive Officer and Managing Director of the company.
According to the company’s exchange filing, “Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Mr. Sanjay Jalona (DIN: 07256786) has resigned from the position of Chief Executive Officer & Managing Director of the Company due to personal reasons.”
Sanjay Jalona joined the company in 2015 and has since led a rapid and comprehensive transformation of LTI into a leading technology consulting and digital solutions company, partnering with some of the most prestigious global enterprises. Under Sanjay’s leadership, LTI has built deep digital capabilities and an enviable culture of client-centric innovation.
Sanjay guided the company through one of the sector’s most successful IPOs in a decade and a rebranding effort that positioned LTI as a leader in convergence of digital and physical world. Under Sanjay’s leadership, LTI surpassed USD 1.5 Billion in revenue and has built a resilient portfolio with consistent growth and profitability. Since its IPO in 2016, company’s value has risen about ten times and its stellar performance has led to LTI being added to various Indian and international benchmark indices, including NIFTY Next 50 Index of the National Stock Exchange.
In addition to fast organic growth, the company also developed a strategic acquisition growth strategy to expand breadth and depth of its services. The company has completed seven acquisitions under Sanjay’s leadership, including – AugmentIQ Data Sciences Pvt. Ltd., an innovative start-up offering IP-based, big data and analytics solutions, Luxembourg based Syncordis S.A., a leading core banking implementation services provider, Ruletronics, a boutique Pega consulting company, N+P, a Temenos consulting company based in Germany, Lymbyc, an AI and advanced analytics focused company, Powerup, a fast-growing cloud consulting company, and Cuelogic, a digital engineering and product development company.
During last three decades, Sanjay’s career has been marked with effective leadership and implementation of change strategies that accelerate growth and transform large businesses. Prior to joining LTI, he was the EVP & Global Head of High-Tech, Manufacturing and Engineering Services business at Infosys. During his 15 years at Infosys, he held several leadership positions across Banking, Financial Services, and Retail & CPG in USA, Europe and India. Prior to Infosys, he held leadership roles at Gemplus and Wipro.
Sanjay holds a degree in Engineering from BITS Pilani, India. Recognizing his achievements, BITS Pilani selected Sanjay as a recipient of the prestigious Distinguished Alumni Award.
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