S Gopalakrishnan News

Infosys cofounder S Gopalakrishnan on Sunday launched a new app 'itihaasa' that chronicles the "fascinating journey" of the Indian IT industry since the 1950s

Two of the billionaire co-founders of software major Infosys, S Gopalakrishnan and S D Shibulal, and some of the latter's family members today sold 7.5 million equity shares of the company for Rs 862 crore on exchanges.

She held 2,45,89,250 shares accounting for 2.14 percent of the total shareholding, the Bangalore-based firm said in a filing.

Infosys` co-founders S. Gopalakrishnan and S.D. Shibulal have come together again to set up Axilor Ventures, a business incubator to help entrepreneurs and early-stage firms succeed in diverse verticals.

In January, Gopalakrishnan had donated Rs 225 crore to set up a brain research centre in a joint effort between IISc and a trust formed by him and his wife.

Reminiscing time spent at the firm he co-created with six other friends in 1981, Infosys non-executive chairman S Gopalakrishnan said many major events in his life are linked to major milestones of Infosys.

Infosys said the chairman's office would be dissolved and Rohan would leave the company on Saturday.

Sikka, who quit SAP in May, comes in after four straight years of narrowing margins at Infosys. He will also be the company's managing director.