Infosys is in the process of seeking regulatory guidance on reclassifying the status of its founders Narayana Murthy, Nandan Nilekani, S. Gopalakrishnan, SD Shibulal, and K Dinesh along with their immediate family members as promoters/promoter group of the company in stock exchange filings.
This follows the founders requesting the company to seek appropriate classification of their revised status with the last two founders, Narayana Murthy and S Gopalakrishnan remitting office on October 10, 2014 as Chairman and Vice Chairman (both non-executive) respectively.
In an exchange filing, Infosys said that the founders, after October 10, have neither association with the company nor exercise any control over its affairs.
To avoid any perceived conflict, Narayana Murthy indicated, it would not be appropriate for him to be the Chairman Emeritus of Infosys.
KV Kamath takes over as Chairman of Infosys effective October11, 2014.