June 25, 2009 / 9:29 AM / in 8 years

Infosys co-chair Nilekani quits to join govt

NEW DELHI (Reuters) - Nandan Nilekani, co-chairman of Infosys Technologies Ltd, India’s No. 2 outsourcer, has resigned from the company’s board to join the government, the company said on Thursday.

Infosys co-chairman Nandan Nilekani speaks to the media in Bangalore in this January 11, 2006 file photo. Nandan Nilekani, co-chairman of Infosys Technologies Ltd, India's No. 2 outsourcer, has resigned from the company's board to join the government, the company said on Thursday. REUTERS/Jagadeesh Nv

Nilekani, one of the founders of Infosys, has been invited by Prime Minister Manmohan Singh to head government agency Unique Identification Authority of India in the rank of a cabinet minister, Infosys said in a statement.

Nilekani, a former chief executive of the company, was not involved in active management since becoming co-chairman in 2007.

Shares in Infosys, which has a market value of about $21 billion, were up 0.7 percent at 1,771.25 rupees at 0849 GMT in a Mumbai market down 0.5 percent.

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