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Market Watch

SD Shibulal

Chairman, The Tamara

Birth DetailsMarch 1, 1955 | Alappuzha, Kerala

NationalityIndian

LeagueBusiness Leader

EducationM.Sc Physics, University of Kerala; M.S. Computer Science, Boston University

Net Worth$2.1 billion (As of October 27, 2021)

SD Shibulal's Assets:

Stake in Infosys
Axilor Ventures
Innovations Investment Management

SD Shibulal's Journey so far ...

SD Shibulal did his master’s in physics from the University of Kerala and later earned a master’s in computer science from Boston University
His first job was at Patni Computer Services as a software engineer. He met NR Narayana Murthy here. In 1980, he became a part of the Murthy-led team that founded Infosys Technologies
From 1991 to 1996, Shibulal worked with Sun Microsystems in the US
He took up various roles in Infosys and became its Chief Operating Officer in 2007. After four years as COO, he was appointed as CEO of the IT major in 2011
He was the last of the seven co-founders to hold the CEO position at one of India's most famous IT companies. He stepped down in 2014 though he continues to hold a small stake in the firm. During his tenure, Infosys became an $8-billion entity
The Infosys co-founder established his family office, Innovations Investment Management, after his retirement. Through this office, he has made investments in several businesses. With several resorts and projects, the real estate and hospitality sectors make up the bulk of his investments
After he stepped down from Infosys, Shibulal became an active investor in the start-up space. Together with another Infosys co-founder, Senapathy “Kris” Gopalakrishnan, he set up a business incubator, Axilor Ventures
From CII to Seoul International Business Advisory Council (SIBAC), Shibu - as he is known in close circles - has been a member of several advisory boards and councils across the world
He chairs The Tamara, a chain of resorts founded by his daughter Shruti. In 2018, they gifted a substantial amount of their shares to family members to provide equity to the next generation

Before you go ...

Shibulal is known across India for his philanthropic initiatives. In 1999, he set up the Sarojini Damodaran Foundation to focus on education, social welfare and healthcare
His platform, ShikshaLokam, mentors teachers and local partners in improving school education across various states

Last Updated: 27/10/2021

SD Shibulal News

Shruti Shibulal buys Infosys shares for Rs 469 crore
Shruti Shibulal, one of the promoters of Infosys, on Wednesday acquired additional shares of the IT firm for Rs 469 crore through an open market transaction. Shruti is daughter of Infosys co-founder and former CEO SD Shibulal.
Shruti Shibulal buys Infosys shares worth Rs 494 crore
Shruti Shibulal, daughter of Infosys co-founder SD Shibulal, purchased Infosys shares worth Rs 494 crore through an open market transaction. She bought 29,84,057 shares at an average price of Rs 1,657 each. Meanwhile, Gaurav Manchanda, a family member of SD Shibulal, sold the same number of shares at the same price.
Infosys cofounder Shibulal's son, daughter-in-law offload shares worth Rs 435 crore
Cumulatively, Shreyas and Bhairavi Shibulal sold 0.06% and 0.02% of their respective shareholding in Infosys, cofounded by Shibulal along with six others including Narayan Murthy and current chairman Nandan Nilekani.
SD Shibulal buys Infosys shares for fifth time in May
Prior to this, he had bought shares worth Rs 100 crore on each of the four occasions in May.
SD Shibulal again buys Rs 100-crore Infosys shares from his wife
So far in May, SD Shibulal has purchased Infosys shares worth Rs 100 crore on May 12, Rs 100 crore on May 19, and Rs 100 crore on May 24 through open market deals. The shares were offloaded by Kumari Shibulal on all the occasions.
S D Shibulal and family sell 8.5 million Infosys shares for Rs 780 crore
Proceeds from this transaction will be used for a combination of philanthropic and investment activities, according to a statement issued by the Shibulal and family members.
Axilor Ventures lands in IIT-M to fuel Chennai startups
The facility will be used to leverage the academic expertise from the institution in areas such as industrial tools based on Internet of Things and artificial intelligence applications in enterprise processes.
Infosys cofounder Shibulal turns a page with offline edtech incubator
EduMentum aims to incubate earlystage organisations working in the space of offline education transformation.
Infosys founders looking to sell their stake in company
This stunning move is said to have been triggered by the promoters' unhappiness over the manner in which the company has been run since their exit three years ago.
Pharmatech startup MUrgency catches Wipro's Rishad Premji's eye, gets funding
The Silicon Valley-based start-up provides emergency response services by tying up with professionals on location and bills on its portal like Uber or Amazon that act as facilitators to reach a service.
Axilor to accelerate 10 startups in its fourth batch
Axilor's accelerator programme, which lasts 100 days, mainly concentrates on ecommerce, healthtech and clean-tech sectors.
Axilor opens applications for accelerator programme starting in September
Axilor, whose founders include Senapathy ‘Kris’ Gopalakrishnan and SD Shibulal of Infosys fame, had inducted nine startups in its previous batches.
How the men who built Infosys are directing their talent and money towards India's newest startups
The Bengaluru-based software services company has a market value of nearly $42 billion—more than the combined estimated worth of India’s startup ‘unicorns’.
Nandan Nilekani, 6 other Indians feature in Forbes Asia's new list of philanthropists
Seven Indians, including three Infosys co-founders, feature in the latest Forbes Asia edition in a new group of philanthropists.
Vishal Sikka to monitor team for managing top 15 customer accounts at Infosys
Infy is also in the process of completely revamping its core banking software Finacle, with heavy investments underway in the US.
Infosys & Wipro looking at building automation tech capabilities in-house
The Bengaluru-based companies are now looking to diversify their bets and increasing their focus on building capabilities inhouse, people aware of their plans said.
Infosys, Wipro are looking at building automation tech capabilities inhouse
In a January call with analysts, Infosys said that it had not seen the desired results with the IPSoft partnership and was looking to build its own capabilities.
How Infosys' Vishal Sikka challenges IT practices with $200-mn Panaya deal
Sikka described the buy as freedom from 'the drudgery of repetitive tasks'. Strong words underscoring the challenges faced by India's outsourcing sector.
Infosys co-founders SD Shibulal and Kris Gopalakrishnan to invest up to $1 million in startup of their choice
Fresh from passing on the baton at Infosys, co-founders SD Shibulal and Kris Gopalakrishnan are teaming up once more to mentor and back ventures.
Nandan Nilekani lauds Prime Minister Narendra Modi for continuing Aadhaar
Nilekani, the Congress candidate who lost the Lok Sabha election to the BJP’s Ananth Kumar, was however unequivocal that he would not serve in a Modi administration.
Infosys' Q1 earnings mixed: Path to 'Achhe Din' challenging for first non-founder CEO Vishal Sikka
Analysts have pointed that the underperformance and attrition could create a vicious cycle further hurting growth.
Infosys Q1 profit up 21.6% at Rs 2886 crore, beats estimates
Infy reported a net profit of Rs 2,886 cr for quarter ended June 2014, down 3.5%, compared to Rs 2,992 cr in the previous quarter.
Infosys CEO SD Shibulal owns 700+ apartments in Seattle; now buying in Berlin, Frankfurt
Besides assets in India, the family office of Infy’s CEO owns apartments across Seattle and Bellevue in US, and now buying in Berlin and Frankfurt.
Narayana Murthy addresses last AGM as Infosys' Chairman; welcomes new CEO Vishal Sikka
Stressing on the need to build leadership based on meritocracy, Murthy said, "Will soon start fast track career program for high performers."
Vishal Sikka's arrival at Infosys brings promotion for 12 executives
These execs will form the third rung of the management below CEO Vishal Sikka and new COO Pravin Rao and report to either Sikka or Rao.
N R Narayana Murthy to spend time with grandchildren, read books
Infosys was set up in 1981 by Murthy and his friends including S Gopalakrishnan, Nandan Nilekani and SD Shibulal with a few hundred dollars.
Vishal Sikka: Infosys an iconic company; will work towards taking it to 'greater heights'
"Infosys has put India on the map of the digital world. I am honoured to lead Infosys, which is an iconic company built by pioneers," Sikka said.
Infosys to say 'all is well’ to jittery staff across the country, lift morale
The initiative is an attempt to "boost employee morale as top executives are concerned about the perception among employees," an executive said.
One year after NR Narayana Murthy’s return, why are top executives deserting Infosys?
Since NRN's return as executive chairman one year ago, Infy has won more clients and doubled revenue growth, with its share prices gaining 20%.
Infosys talent hunt goes beyond CEO; to evaluate VPs before giving a bigger role
A spokeswoman for Infy declined to share details saying: "Any such process will be internal to Infosys and we have no information to share on the same."
No decision yet on new CEO, search still on: Infosys
Remark from Bangalore-based firm comes in the wake of reports suggesting that Infosys' search for new CEO, who would succeed Shibulal, is in final rounds.
Hit by another high profile exit; Infosys drops 7%, slips below Rs 3,000
Since Murthy's return as chairman a year ago, sentiment about Infosys has continued to sag and there has been no dramatic improvement in performance either.
BG Srinivas, Infosys President & Member of Board, resigns
Srinivas said, "My tenure at Infosys has been one of my most rewarding experiences. I am proud to have contributed to the best growth story in the industry."
Think big, act boldly: NR Narayana Murthy tells Infoscions
Apart from the anniversary, his communication to the staff is taking place in the backdrop of a search by the company to find a successor to SD Shibulal.
The ideal Infosys CEO: Rishad Premji and Rohan Murty rolled into one
The hunt for Infosys’ next CEO is actually a long overdue search for visionary leaders who can help transform the Indian IT industry.
Infosys performed creditably, new initiatives to yield results in two years: N R Narayana Murthy
In his first address to shareholders since his return last year in June, Murthy asked over 160,000 employees at Infosys to “think big and act boldly”.
Infosys starts interviewing internal candidates for CEO role
Infosys has started interviewing internal candidates for the CEO role, after SD Shibulal’s decision to step down before his term ends in March 2015.
Infosys may eye acquisitions in Nordic countries, says president BG Srinivas
Srinivas, 53, said Infy’s next acquisition could be similar to Lodestone, the Zurich-based management consultancy firm it bought in 2012 for $350 mn.
Infosys independent director Ann M Fudge not to seek re-appointment after her term expires on June 14
Ann M Fudge also serves on a number of other corporate boards, including GE, Novartis International and retail behemoth Unilever.
Infosys steps up overseas hiring and training for client-facing executives to improve sales
Infosys is stepping up hiring in overseas markets and enhancing training for all client-facing executives as part of a new sales push, execs said.
Infosys goes Wipro way, to merge data analytics operations under one roof
Following the footsteps of Wipro, Infosys wants to deal with challenges thrown up by technological changes and evolving client needs.
Slow growth not the only worry, attrition a big concern too at Infosys
On a positive side, Infy has been successful in keeping costs under check when top line growth is hard to come by, hence reducing the impact on margin.
Infosys meets 'lower' expectations, forecasts 7-9% revenue growth
Shibulal said client budgets are flat but the fact that customers are interested in reducing costs is presenting an opportunity for cos such as Infy.
We have not cut prices for winning any contracts: SD Shibulal, CEO Infosys
The external challenge was that the environment was tough, clients were not spending, our revenues were falling and then we had two qtrs of revenue decline.
Our million dollar clients have gone up to 501 currently: SD Shibulal, Infosys
"Year-on-year utilisation has improved, our volume has gone up by 10.5%; and we had strong client additions during the given period."
Procedural delays holding up PPS spinoff: Shibulal
The spinoff falls under the category of related-party transactions and therefore needs a special resolution to be approved by shareholders.
Five reasons why investors should stay away from Infosys
Analysts are of the view that there are other cos in the sector which are growing at a better rate than Infosys.
Infosys gives 6-7 per cent wage hike to employees
"We have increased salaries. We have given salary hikes of 6-7% for offshore & 1-2% onsite employees, effective April 1," Infosys CFO Rajiv Bansal said.
Troubles lurk at Infosys; IT major needs a fresh burst of energy
The concerns involving clients & staff are reflective of a larger problem at Infy—the inability to articulate a bold and imaginative vision for the co.
Infosys fails to impress on client numbers
Infosys said it lost three large clients during the fourth and final quarter of fiscal year 2014.
Infosys Q4: Revenues from North America declines; Europe sales up
The Bangalore-based company's revenues from Europe, its second-largest market, rose 1.0 per cent and revenues from North America declined 0.8 per cent.
Infosys begins search for new CEO, Shibulal wants early retirement
“Much like the relationship that seems to be emerging (at Microsoft) between Bill Gates and Satya Nadella, there is no reason why a young CEO cannot build on the positive energy that Murthy elicits in the company.”
Narayana Murthy not 'very happy' with Infosys' performance over last two years
Murthy hopes that the 1st quarter of the next financial year would yield better results and said that the co is improving the quality of its hiring.
NR Narayana Murthy is always a great support: SD Shibulal
After several quarters of “cautious optimism”, Infosys chief executive officer SD Shibulal on Friday said he expects 2014 to be an “exciting” year.
No breakdown of governance at Infosys: KV Kamath
Kamath said the board will evaluate the performance of the newly elected presidents as it prepares to identify CEO SD Shibulal's successor.
Who will head Infosys after Shibulal? Could be external CEO, says NR Narayana Murthy
It would consider the internal cadre of people along with the external candidate, says its founder and executive chairman Narayana Murthy.
Infosys could see more middle-level exits: SD Shibulal
Mkts have been raising eyebrows over senior-level exits at the IT major, which has seen eight exits in six months. But Shibulal played this down.
No need to focus too much on exits: SD Shibulal, Infosys
"It is a large corporation and when large corporations undergo transformations, some changes are expected."
Infosys surges 10% in pre-market trade as Q3 PAT beats estimates
The company reported a consolidated net profit of Rs 2,875 crore for quarter ended December 2013 against a net profit of Rs 2,407 crore in previous quarter.
Change of pecking order to loss of status, it all happened in our IT industry in 2013
In 2013 India’s information technology outsourcing industry was witness to several notable events. Pecking orders changed, a bellwether lost its status, smaller competitors gained some ground, a legend returned to defend his legacy, his former protege self-destructed and many a hardened road and desk warrior called it quits.
Narayana Murthy gets benefit of doubt, but clarity sought
Key stakeholders in Infosys will be willing to give chairman Narayana Murthy the benefit of doubt but want to see clarity about his plans for the company.
Infosys panel tasked with recommending candidates for the post of CEO
Ann Fudge, Jeffrey Lehman and Ravi Venkatesan are tasked with recommending candidates for the post of CEO.
Q2 results: Infosys out of the hole, but not out of the woods
Infosys revised its dollar revenue guidance upwards to 9-10% for FY 14. It also revised rupee revenue guidance to 21-22% from 13-17% earlier.
Infosys co-founder Narayana Murthy has clearly articulated Rohan Murty's role: SD Shibulal
Rohan's term as executive assistant is co-terminus with that of Narayana Murthy and he had requested a token compensation of one rupee a year.
Remain cautious on guidance: SD Shibulal, Infosys
"We have been cautious because the changes which we are making will take time to yield results, says SD Shibulal.
Infosys Q2 results: Logs on to high-growth future, cautiously
“Growth has been all-round. Our top client growth was 3.3%, top 25 grew by 3.8%, and the rest grew by 3.7%,” said CEO and MD, SD Shibulal.
Infosys decalres Q2 results: Client addition slightly up
The revenue contribution from the top client remained flat at 3.9%, while there was a marginal rise in contributions from the top 5 clients and top 10 clients.
Infosys revises guidance; sales beat estimates again
Revised revenue forecast indicates greater confidence in the business environment and a strong sales pipeline for the company.
Infosys' top-level rejig: Change underway at IT giant, many challenges ahead
In a year, Infosys will be a very different company. It will be more disciplined with internal costs and investments and more price-competitive.
Infosys mulls trimming staff onsite to cut costs
According to sources, Infy is considering downsizing its onsite, which means a lot of people in support functions are likely to face possibility of a job cut.
At Infosys, Narayana Murthy overturns CEO Shibulal’s move to decentralise decision-making
Before Murthy’s return, Shibulal was in the process of decentralising decision-making, especially those related to negotiating and signing contracts.
Brokerages raise target price, recommendation of Infosys stock
Infosys' better-than-expected Q1 performance has prompted at least two brokerages raising their investment recommendations on the stock.
Infosys' guidance is a statement of fact, not hope: SD Shibulal
Despite the solid performance in first quarter of the current fiscal year, Infosys has adopted a "cautiously optimistic" stance.
Done reasonably well in Q1, remain cautiously optimistic: SD Shibulal, Infosys
"We have done reasonably well in Q1. Revenue has grown by 2.7%. Actually in constant currency terms, it has gone by 3.4%."
Infosys rallies 10% in pre-market trade post Q1 nos
Infosys rallied as the sentiment turned bullish after the company left FY14 sales growth guidance in dollar terms unchanged at 6-10%.
Infosys may see major changes in the organization structure soon
Infosys is preparing the ground for major changes in its organisational structure as Murthy implements his plan to revive the company.
Infosys earnings: Six things to watch out for
As Infosys announces results for June quarter, investors and stakeholders will be keenly searching for signs of confidence returning to management’s commentary on growth.
First and foremost priority for Infosys today is growth: SD Shibulal
"Over the last six quarters or last two years, we have perused this strategy of creating value to our clients in multiple dimensions," says Shibulal
Infosys starts process to identify candidates for CEO post
For the first time, the board may also rope in a search firm which will help short-list external candidates, according to a source.
We are listening & learning: Infosys CEO SD Shibulal to shareholders
Shibulal urged the company's shareholders to keep faith, even as the software major goes through one of its toughest periods in its 32-year history.
Infosys CEO SD Shibulal assures employees that company is on right path
In his customary email to 1.5 lakh employees of Infosys Shibulal, reiterated that the company is on the right track and making all efforts to be a "game changer".
Infosys still has the fundamental DNA of a world-class company
With almost $4 billion in cash lying idle, Infosys is still living in luxury compared with others; the company must use this stash imaginatively.
Infosys in a mess: March quarter results disappoint as turnaround looks long way off
Infosys' Q4 results proved a big letdown for investors and analysts as signs of sustainable reversal of fortunes at the firm were conspicuously missing.
Infosys tanks 20 per cent on lower FY14 revenue guidance
Infosys slipped below its 200-DMA and was trading nearly 20 per cent lower at 2390, lowest since January 11.
Davos 2013: IT budget to stay flat, says SD Shibulal, Infosys
"We expect the budgets to be flat or marginally down but at the same time I think many corporates are focussed on driving efficiency, driving productivity," says Shibulal.
Expect client budgets to be flat: SD Shibulal, Infosys
Infosys expects the budgets for firms' IT spends to be flat in the near to medium term, the company's CEO & MD SD Shibulal said in Davos.
Lack of growth momentum: Infosys gains weight on cash pile and liquid assets, but discounts core business
While cash pile grew six-fold, sales and net profit grew by over four times, indicating lag in time to deploy cash in opportunities to grow business.
Majority of growth came from beyond top 10 clients: Infosys CEO SD Shibulal
India 's second-ranked software exporter Infosys said a large part of its growth came from outside its top 10 clients.
Infosys Q3 FY13 results: All you want to know
Infosys reported a net profit of Rs 2,369 crore for the quarter ended December 2012 against a net profit of Rs 2,372 crore in the same period a year ago.
Infosys CEO SD Shibulal still hopeful of meeting guidance
Over the last few weeks, Infosys management had indicated to analysts that the company may miss its organic growth guidance of 5% for the current year.
Infosys to shift listing of ADS to NYSE Euronext from Nasdaq
Infosys said it is seeking listing of its ADS on the Paris and London boards of NYSE Euronext in a move that will not affect its float or capital structure.
How five senior VPs are driving growth at Cognizant
From being one-third smaller than Infosys three years ago, Cognizant is close to matching India's second-largest software company in size.
Is Infosys still a good bet for investors?
Infy is in the analysts’ good books because it's in a transitional phase, which will yield results only when global economy recovers.
A look at the Infosys CEO Shibulal's quarterly milestones
SD Shibulal, the last of Infosys’ cofounders to have the job, has attempted an ambitious course correction with little success to show yet.
We will beat industry's growth in 'few' quarters: SD Shibulal, Infosys CEO
The Infosys CEO maintained that the company will grow at 5% this year, just half of the industry's growth rate of 11%.
Giving up CFO post to make way for youngsters: V Balakrishnan, Infosys
ET Now caught up with SD Shibulal, V Balakrishnan and Rajiv Bansal for their views on the latest Infosys numbers and the road ahead.
Why Infosys CFO V Balakrishnan is stepping down
V Balakrishnan’s decision reflects poorly on an organisation which once used to pride itself on its leadership capabilities.
10 takeaways from Infosys Q2 FY13 results
Analysts maintain that the declines in numbers are Infosys specific issues and the IT sector is not that pessimistic at the moment. ET takes a look at 10 key takeaways from the Infosys Q2 FY13 results:
Next 2-3 quarters critical for Infosys: Offshore Insights Research
“If Infosys does not see improvement or traction in another 2-3 quarters, the next level of problems may emerge", says Offshore Insights Research.
How Infosys can regain market lead amid gloomy economic environment, increasing competition
Infosys, touted as the IT sector bellwether not long ago, has been seeking ways to boost business prospects amid increasing competition.
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