Infosys senior VP Shaji Farooq quits, to join Wipro

In yet another senior-level exit at software major Infosys, Shaji Farooq, senior vice-president and head of financial services, Americas at Infosys has quit. ET NOW learns from people familiar with the development thatShaji Farooq is headed to Infy's cross-town rival Wipro. 

Shaji Farooq has been in Infosys for the last ten years and has over 20 years of industry experience. According to his LinkedIn profile, at Infosys he's unit head for Financial Services Americas, responsible for all client facing activities, delivery/execution and operations. Like other top software companies, Infosys gets a majority of its revenues from Financial Services and North America. 
While Infosys declined to comment on the exit, stating that it does not comment on individual movements, a Wipro spokesperson said the company would come back with a response. 

Farooq's exit is the latest in a series of senior-level exits at Infosys in the last one year. Other top executives who quit in the last year include board member Mohandas Pai, sales head Subhash Dhar and Infosys BPO COO Ritesh Idnani. 

Infosys in the last year, has gone through a re-structuring exercise and is trying to boost revenues through its products and platforms business through the Infosys 3.0 strategy. While the company believes this would pay off in the long run, its witnessed a lot of short-term pain. Its missed its guidance multiple times, was overtaken by Cognizant in revenue terms and sounds more pessimistic than its peers.