Tech Mahindra's Long-Term Executive Manish Vyas Resigns, Sparks Emotional Farewell
Manish Vyas, once a leading contender for the Tech Mahindra CEO position, announces his resignation after nearly 23 years with the company. The departure, effective November 17, 2023, triggers an outpouring of emotions from colleagues and industry leaders. This article delves into the reactions from key figures like outgoing CEO CP Gurnani, highlighting Vyas's significant contributions as president of the CME vertical and CEO of Tech Mahindra's Network Services division.
In a surprising turn of events, Manish Vyas, once considered a frontrunner for the position of Tech Mahindra CEO, has tendered his resignation, leaving a significant impact on the company's long-time employees. Vyas, who spent nearly 23 years with the firm, stepped down on November 17, 2023, prompting a wave of emotional responses from colleagues and industry leaders.
Prominent figures within Tech Mahindra, including outgoing CEO and MD CP Gurnani, have expressed their love and support for Vyas, who served as the president of the communications, media, and entertainment (CME) vertical and also held the role of chief executive for Tech Mahindra's Network Services division—a key growth driver for the company.
On LinkedIn, employees, both current and former, initiated hashtags #MVInspires and #MomentsWithMV to share their appreciation for Vyas. In a video posted on the platform, Gurnani acknowledged Vyas's ability to transform challenges into opportunities and commended his legacy of building a robust team.
Several senior employees highlighted Vyas's pivotal role in elevating Tech Mahindra from a sub $100 million company to a $7 billion powerhouse. However, recent restructuring measures led by the new CEO, Mohit Joshi, resulted in the CME vertical, Vyas's domain, being split among various leaders.
CME, contributing approximately 40% to the company's revenue, made Vyas a significant figure at Tech Mahindra. Yet, with the restructuring and Joshi's emphasis on different business units, Vyas found himself without a defined role. The company's focus has shifted, particularly towards the BFSI (Banking, Financial Services, and Insurance) sector, signaling a strategic change in its growth trajectory.
As Tech Mahindra consolidates its business units and adapts to new leadership, the departure of Manish Vyas marks the end of an era, leaving behind a legacy of growth and transformation in the competitive IT landscape.
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