Mphasis has strengthened its board with the appointment of industry veteran Punit Sood as an Independent Director for a five-year term beginning December 11, 2025, subject to shareholder approval. The decision, based on recommendations from the company’s Nomination and Remuneration Committee, reflects Mphasis’ continued focus on deepening board expertise and reinforcing strong corporate governance as it navigates an increasingly complex global technology and financial services landscape.
Sood brings with him over 36 years of extensive experience across banking, financial services, and technology. His portfolio includes serving on the boards of ICICI Bank and the National Payments Corporation of India (NPCI), two of the country’s most influential institutions in the financial ecosystem. His leadership tenure spans several globally recognized organizations, having held key roles at Citi Technology Services Ltd, JPMorgan Chase, nasscom, and NatWest Group, where he contributed to technology transformation, operational excellence, and industry-wide capability development.
Known for his strategic perspective on digital innovation and enterprise leadership, Sood has played a significant role in shaping technology strategy within the financial sector. His experience in steering large-scale transformation programs positions him as a valuable addition to the Mphasis board at a time when enterprises are accelerating AI adoption, modernizing legacy systems, and striving for stronger governance oversight.
Welcoming him to the board, Mphasis CEO Nitin Rakesh stated, “His insights on leadership will enrich our strategic thinking as we continue to navigate the ever changing business landscape,” emphasizing the company’s confidence in Sood’s ability to contribute meaningfully to its long-term growth agenda. The appointment is expected to enhance board-level guidance across areas such as digital transformation, risk management, regulatory alignment, and technology-led value creation.
With this move, Mphasis strengthens its commitment to building a future-ready governance framework—one equipped with the strategic depth, industry foresight, and leadership experience needed to support the company’s evolution as a global technology and solutions provider. Sood’s appointment reflects a continued investment in seasoned leadership capable of guiding the organization through emerging opportunities and challenges in the rapidly shifting technology and financial services sectors.
