Mphasis appoints Manish Dugar as new CFO

Mid-tier IT services provider Mphasis today announced that it is appointing ex-Wipro BPO chief Manish Dugar as its new chief financial officer who will begin in the new role from 15 May 2020. He will replace the current CFO V Suryanarayanan will continue as an Executive Vice President - Finance. He is retiring in October this year.

Dugar is a chartered accountant and has served as Managing Partner at Agnus Capital LLP. He was earlier the CFO of Wipro’s IT, BPO and data centre business. He has held leadership positions at Practo Technologies, inMobi and RPG Enterprises.

“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,” said Dugar.

Speaking on the appointment and transition CEO of Mphasis, Nitin Rakesh, said, "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"