The company employs over 12,000 globally, a majority of them at its development centre in Thiruvanan-thapuram.
Nearly a dozen members of the top management team at UST Global have left the company in the last six to eight months. The US-based company employs large number of people in India.
In recent months, the company has also made some high profile recruitments that will drive growth and are part of structural changes the company is making.
Those who left the company include Murali Gopalan, Chief Information Officer and Senior Vice-President after a 13-year stint. He is now the President at RP TechSoft International Pvt Ltd.
Krishna Sudheendra, Chief Financial Officer, joined Opto Circuits (India) Ltd as its Group Chief Financial Officer; Kailash Attal, Chief Quality Officer, has joined Ness Technologies as Senior Vice-President and Chief Solutions and Marketing Officer; and N. Niketh Sunder, Vice-President, HR, joined QuEST Global Engineering as its Global Head, HR.
At least five senior American employees have also left the company, said a source who did not want to be identified.
Alexander Varghese, Chief Administrative Officer & Country Head, UST Global, confirmed that a number of top officials left the company. While some of them went on to join other small companies, some left for health reasons, he told Business Line. “It did not affect us in any way,” he said when asked whether such exit affected the company. The company employs over 12,000 globally, a majority of them at its development centre in Thiruvananthapuram, Kerala. Varghese declined to give any financial details as UST Global is a private limited company. The software services and solutions provider has nearly 70 customers with 80 per cent of them in the Fortune 100 list in the retail and transport sectors.
“We have now brought in a new team, which will take the company to the next level of growth. We are not replacing any of those who left but creating new portfolios. You will hear in a couple of weeks about the structural changes with a new leadership management,” he said. For instance, the company hired five industry veterans in the last two months. This includes a Cisco veteran Jim Hughes as Chief Innovation Officer to be based in the US and Shonk Mitra from Tech Mahindra as Chief Business Officer, he said.