Bengaluru, India – 17 March 2020: Bengaluru based IT Solutions provider that specializes in Cloud and Cognitive services Mphasis Limited has announced the appointment of Manish Duggar – the former ex-BPO of Wipro as their new Chief Financial Officer(CFO). Manish Duggar will replace the current CFO of Mphasis V. Suryanarayanan.

Manish Duggar's appointment will only be effective from 15th May and until then V. Suryanarayanan will continue as the Chief Financial Officer until

May 14. He will be available for transition support work up to October 2020, the company said in an official statement.

Duggar brings with him a strong financial knowledge of over 25 years across multiple industrial sectors including Information Technology, BPO, FMGG, various Conglomerates, and Digital sectors. A former Chartered Accountant – Duggar in his career has held many leadership positions at Practo Technologies, inMobi and RPG Enterprises. He has served as the Managing Partner at Agnus Capital LLP. Manish Duggar's most illustrious career role was perhaps as the Chief Financial Officer of Wipro.

Speaking about the appointment Duggar said: "I am excited and grateful to the Mphasis Board and humbled by the trust and confidence placed in me to take on this key role at a growing organization. I look forward to working closely with the team in our journey to sustain and enhance stakeholder value".

CEO of Mphasis, Nitin Rakesh, further added: "I would like to thank Surya for his relentless support and leadership in setting new benchmarks in finance, strategy, and governance. As we drive our business forward, I am highly confident that Manish's deep industry expertise and extensive global experience will take Mphasis to new heights. We welcome Manish to the Mphasis Leadership Team and look forward to his contribution in creating value".