Samir Dhir joins Sonata Software as new CEO; Stock jumps ~1%

8 Apr 2022 , 09:14 AM

In its regulatory filing, Sonata Software Limited informed the investors and exchanges that based on the recommendations of the Nomination & Remuneration Committee, the Board of Directors of Sonata Software Limited at its meeting held today (April 7, 2022), has approved the appointment of Samir Dhir as CEO of the Company effective from April 8, 2022.

Srikar Reddy is voluntarily stepping down as CEO effective close of business hours on April 7, 2022, and will be continuing as Managing Director of the Company.

Samir has more than 25 years of leadership and industry experience. In his last role, he served as CEO of Global Markets and Industries at Virtusa, where he managed the Company’s revenues of over US $1.6 billion. During his association with the company, he built depth in BFSI, TMT, and Healthcare industries for Digital capabilities.

Sonata Software is currently trading at Rs792.15 apiece up by Rs5.5 or 0.7% from its previous closing of Rs786.65 on the BSE. The scrip opened at Rs790 and has touched a high and low of Rs799.90 and Rs789.80 respectively.