BENGALURU: Deepak Padaki, EVP, group head of strategy & M&A, and chief risk officer in Infosys, has quit the firm after three decades with the company. Padaki had joined Infosys as a software engineer in 1992, immediately after his engineering from the University of Mysore, and soon went on to manage telecommunications projects in the US and Canada.
An email sent to Infosys about Padaki’s exit did not elicit a response till the time of going to press.
Padaki held the M&A responsibility from 2008, except briefly in between, and was instrumental in a slew of M&As in recent years, including those of WongDoody, Brilliant Basics, Simplus, Fluido (Salesforce partner), and GuideVision (ServiceNow partner) that were acquired to accelerate the company’s digital services offerings.
As part of the chairman’s office in 2013-14, he managed several organisation change initiatives. His team was instrumental in Infosys’s strategic partnership with Stater, a wholly owned subsidiary of Dutch lender ABN Amro Bank, that analysts pegged at $850 million over five years.
Padaki was a member of the board of Infosys’ subsidiaries Edgeverve and Panaya. He worked closely with the strategy & risk committee of the Infosys board. Under former CEO Vishal Sikka, he oversaw Infosys’s $500-million innovation fund.