Infosys, the country's second-largest software services exporter, named Jayesh Sanghrajka, a company veteran of nearly two decades, will step up as its chief financial officer, effective from April 1. Sanghrajka will take over for Nilanjan Roy, who has opted to step down to pursue personal goals.

Roy's resignation comes at a time when Infosys and its other tier-I IT services companies are seeing an increase in top-level departures. Former presidents Ravi Kumar S and Mohit Joshi have already resigned from the firm.

Sanghrajka, who has 25 years of expertise, has been with Infosys for 18 years, first from 2000 to 2007 and now since December 2012. He was named deputy chief financial officer in October 2015 and is in charge of several aspects of the finance function, including investor relations, business finance, corporate finance, treasury, and tax. He is also in charge of the company's mergers and acquisitions portfolio.

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"As deputy CFO, he has been leading multiple portfolios in the finance function for several years now and his depth of experience and knowledge will serve us well to take the function to greater heights," Salil Parekh, chief executive officer and managing director, stated

Roy will remain in his role until March 31, according to an exchange filing. In 2018, he was named CFO. During his tenure, Infosys shares have increased by around 44% since the beginning of 2018. Before joining Infosys, he was the global chief financial officer of telecom giant Bharti Airtel, where he was in charge of the company's financial operations in India and Africa. He has also worked with Unilever in their operations in India, Europe, and the United States.