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Domestic investors want Nilekani back in Infosys Board

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Bengaluru, Aug 23 (IANS) Smarting from the fallout of boardroom battles in the software major Infosys on their investments in its stock, a dozen leading domestic institutional investors (DIIs) on Wednesday urged the company to invite its co-founder Nandan Nilekani to join the Board.

“After considerable thought and mutual deliberations, we strongly feel that the Board of Infosys should invite Nandan Nilekani to join it in a suitable capacity,” said the DIIs in a letter, accessed by IANS here.

As the IT major’s institutional shareholders, they told the Board that the recent developments were of much concern to each of them.

“In our opinion, he (Nilekani) enjoys the confidence of various stakeholders, including customers, shareholders and employees,” said the investors in the joint letter.

As one of the original seven co-founders of the $10 billion software firm, 62-year-old Nilekani left the company in 2009 as Vice-Chairman to join the state-run Unique Identification Authority of India as its first Chairman.

“Given Nilekani’s credentials, we feel that his joining the Board at this stage will restore confidence of the stakeholders in the company and facilitate resolution of the contentious issues that it is facing presently,” they said in the letter.

“We do hope that Nilekani will consider the invite and do the needful,” added the statement.

The investors who signed the letter are Franklin Templeton Chief Information Officer Anand Radhakrishnan, IDFC AMC (equities) Head Anoop Bhaskar, DSP Blackrock Investment Managers’ CIO Anup Maheshwari, SBI Life Insurance CIO Gopikrishna Shenoy, Birla Sunlife AMC Co-CIO Mahesh Patil, ICICI Prudential Life Insurance CIO Manish Kumar, SBI Funds Management Executive Director Navneet Munot, Kotak Mahindra AMC CEO Nilesh Shah, HDFC AMC Executive Director Prashant Jain, and HDFC Life Insurance CIO Prasun Gajri.

Sources hinted that State Bank of India Chairperson Arundhati Bhattacharya may also join the Board.

Infosys, however, did not confirm receiving such a letter from the DIIs and Nilekani was not available to comment.

“We do not have updates at this point of time. In case of any development, we will inform the media in due course,” said the company in a statement to IANS.

The company also said it would not comment on speculation and rumours.

–IANS
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Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok

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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.

The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.

Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.

Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.

For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.

During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.

Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.

Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .

Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.

In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.

During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.

In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.

He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.

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