IT firm Cyient appoints Sukamal Banerjee as CEO

Engineering options firm Cyient on Wednesday appointed Sukamal Banerjee as govt director and chief govt officer of its DET enterprise for a five-year interval beginning February 29. He may even serve on the Board of Administrators of Cyient Restricted.The appointment comes after Karthikeyan Natarajan resigned as Cyient’s CEO and govt director final month following poor third quarter monetary outcomes reported by the corporate.

Banerjee was beforehand CEO of Chrys Capital-backed digital engineering company Xoriant, which on Tuesday named Rohit Kedia, who was earlier chief progress officer of LTIMindtree, its new CEO.

Banerjee was employed to Xoriant in March 2023 from IT large HCLTech, the place he served practically 27 years rising to company vp.

In Q3 FY 2025, Hyderabad-headquartered Cyient’s income declined practically 30% sequentially and 28.3% year-on yr to Rs 124 crore. Its income dipped 0.8% YoY to Rs 1,480 crore.

“Sukamal is an achieved skilled and an acknowledged chief within the ER&D and Know-how sector with over 30 years of expertise,” Cyient mentioned in a press release, highlighting Banjeree’s achievements in rising enterprise traces and partnerships in areas like digital trade 4.0 and AI/ML throughout sectors spanning communications, semiconductor, vitality, and others, which align nicely with Cyient’s main buyer segments.

Cyient chairman MM Murugappan mentioned Banerjee’s expertise and management within the ER&D and expertise sector will assist the corporate because it strengthens the organisation to ship the subsequent part of accelerated progress. “The ER&D sector is ready to drive transformative change over the subsequent decade as engineering and expertise improvements redefine the way forward for merchandise, crops, and networks,” mentioned Banerjee. “On this dynamic panorama, Cyient stands out as a frontrunner within the ER&D sector, powered by its deep-rooted multi-vertical experience. Main a crew of 16,000+ passionate Cyientists is an honor and a accountability I embrace with dedication. Collectively, we are going to push boundaries, set new benchmarks, and elevate Cyient to succeed in newer heights and milestones.”

Banerjee’s appointment might be topic to approval of the shareholders and the central authorities, as relevant, Cyient mentioned in a regulatory submitting.

“As Cyient continues to strengthen our core engineering choices and to construct technology-led clever engineering options, Sukamal will lead Cyient DET by means of a transformative part of progress. Sukamal’s confirmed management within the ER&D and Know-how providers sector will tremendously profit Cyient as we ship on our dedication to accelerated progress,” mentioned govt vice-chairman and managing director of Cyient, Krishna Bodanapu.