Birlasoft Limited , a leading global technology services and consulting company, has announced a significant change in its top financial leadership. The company's Board of Directors has approved a transition in the Chief Financial Officer (CFO) position, marking an important shift in its financial management team.

Key Highlights of the Transition

• Resignation: Ms. Kamini Shah, the current Chief Financial Officer, Key Managerial Personnel, and Senior Management Personnel of Birlasoft, has tendered her resignation due to personal reasons.
• Departure Date: Ms. Shah will step down from her role effective at the close of business hours on August 7, 2025.
• New Appointment: Mr. Chandrasekar Thyagarajan has been appointed as the new CFO, bringing extensive experience to the role.
• Transition Timeline:
  • July 24, 2025: Mr. Thyagarajan will join as Chief Financial Officer - Designate and Senior Management Personnel.
  • August 8, 2025: He will officially assume the position of Chief Financial Officer and Key Managerial Personnel.

About the New CFO

Mr. Chandrasekar Thyagarajan brings a wealth of experience to Birlasoft:

• A Chartered Accountant with over 36 years of experience, including 20 years in CXO level positions.
• Extensive background in financial strategy, planning, budgeting, and reporting across global and Indian companies.
• Specializes in IT services finance, with 24 years of experience supporting various tech sectors including Infrastructure Services, BPO and KPO services, Software Development, and IT Consulting Services.
• Most recently served as CFO for an Original Equipment Manufacturer in the electric two and three-wheeler automotive industry.
• Active participant in CFO Forums and a Member of the Jury Panel for the Annual Shared Services Awards since 2014.

Corporate Governance and Compliance

The appointment of Mr. Thyagarajan has been made in accordance with corporate governance best practices:

• Recommended by the Nomination and Remuneration Committee.
• Approved by the Audit Committee of the Company.
• Compliant with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

This leadership change comes at a time when Birlasoft continues to strengthen its position in the global IT services market. The transition is expected to be smooth, with Mr. Thyagarajan's appointment aligning with Ms. Shah's departure to ensure continuity in financial leadership.

Birlasoft's commitment to transparent communication is evident in their prompt disclosure of this transition to the stock exchanges and shareholders, underscoring the company's adherence to regulatory requirements and corporate governance standards.

Birlasoft Ltd , a leading IT services company, saw its shares drop by 6.4% over two days following the release of its fourth-quarter earnings report, which fell short of market expectations. The company's performance has raised concerns among investors and analysts alike, prompting a reassessment of its near-term growth prospects.

Revenue Decline and Margin Improvement

For the quarter ended March, Birlasoft reported a revenue of Rs 1,316.90 crore, marking a 3.36% decline compared to the previous quarter. Despite the revenue setback, the company managed to improve its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin to 13.20%, showcasing its ability to maintain operational efficiency in challenging times.

Financial Highlights

Analyst Reaction

The disappointing results have led to a reassessment by market analysts. Nuvama, a financial services firm, has cut its target price for Birlasoft to Rs 350.00 while maintaining a 'reduce' rating on the stock. This adjustment reflects the concerns about the company's near-term growth trajectory.

Management Outlook

Birlasoft's management has provided a cautious outlook for the immediate future. They expect the first quarter to be muted, with growth anticipated to pick up from the second quarter onwards. This conservative guidance suggests that the company is facing headwinds in the short term but remains optimistic about a recovery in the latter part of the fiscal year.

Market Impact

The market's reaction to Birlasoft's results was swift, with the stock experiencing a significant 6.4% decline over two trading sessions. This sharp drop underscores the importance of meeting market expectations and highlights the sensitivity of investor sentiment to earnings performance.

Looking Ahead

While the current quarter's results have disappointed investors, Birlasoft's ability to improve its EBITDA margin in the face of declining revenues demonstrates its focus on operational efficiency. The company's performance in the coming quarters will be closely watched by investors and analysts to assess whether it can deliver on its promise of growth revival from the second quarter onwards.

As the IT services sector continues to navigate global economic uncertainties, Birlasoft's ability to adapt to market conditions and capitalize on growth opportunities will be crucial for regaining investor confidence and reversing the recent stock price decline.