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Mindtree COO and Executive Director Dayapatra Nevatia resigns

Mindtree Ltd said on Wednesday announced that Dayapatra Nevatia has resigned from the position of executive director and chief operating officer of the company.  

In its regulatory filing the company said, Pursuant to Regulation 30 of SEBI Regulations, 2015, we hereby inform you that Dayapatra Nevatia has resigned from the position of Executive Director & Chief Operating Officer of the Company to pursue opportunities outside the Company.

The Board of Directors of the Company has noted and accepted the resignation of Dayapatra Nevatia. His last working day will be January 3, 2022, it added. 

Mindtree last week posted a 57.2 per cent increase in net profit to ₹398.9 crore in the second quarter ended on September 30, 2021.

The company had posted a net profit of ₹253.7 crore in the same quarter a year ago.

Consolidated revenue from operations of Mindtree increased by 34.27 per cent to ₹2,586.2 crore during the reported quarter from ₹1,926 crore in the corresponding quarter of 2020-21.

“Our revenues in the second quarter were USD 350.1 million, up 12.7 per cent sequentially and 34.1 per cent year-on-year, which was our highest YOY growth for a quarter in a decade,” Mindtree CEO and MD Debashis Chatterjee said in a statement.

He said that with disciplined execution and dedication of Mindtree Minds, the company is well positioned to capitalise on the strong demand environment and deliver profitable industry-leading growth in the current financial year.

In terms of geographies North America contributed at 72.8 per cent, continental Europe 8.7 per cent, the UK and Ireland 10.9 per cent and the APAC and the Middle East contributed 7.6 per cent in the revenues of the company during the quarter.

“There is a growing appetite to tap into digital and cloud technologies. Organisations are looking for strategic partners. For us this is translating into more opportunities,” Chatterjee said.

(With inputs from agencies)

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