Based within the US, Rao was the chief business officer of the banking, monetary providers and insurance coverage (BFSI) vertical at LTIMindtree (with Mindtree earlier than the merger with L&T Infotech) for over 4 years.
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Prior to LTIMindtree, Rao labored for seven years at world rival Cognizant leaving as vp & managing accomplice in November 2019.
Rao has over 20 years of expertise within the software program providers trade beginning his first 10 years at mid-sized IT agency Mphasis.
US-headquartered Xoriant offers providers and options centered on digital product engineering, cloud infrastructure and operation throughout sectors like BFSI, excessive tech, healthcare, pharma, industrial manufacturing, retail, telecommunications and automotives.
The firm has round 3,100 workers and reported a income of round $178 million in FY23.
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In January 2023, India centered personal fairness participant Chryscapital had acquired majority stake in US-based Xoriant for $250 million.Following the acquisition, Xoriant appointed HCLTech’s former company VP Sukamal Banerjee as its new CEO in March final 12 months. It additionally boosted it management by onboarding Wipro’s Nithin Jaganmohan as its chief monetary officer and former chief digital officer of Tata Technologies, Abhijit Deokule as Xoriant’s chief working officer.
Source: economictimes.indiatimes.com