Vankar, in his resignation letter, has stated that his last working day at the company would be 6 October 2023.

Paresh Vankar has been the executive vice president and chief marketing officer of LTIMindtree. He has been responsible for new customer acquisition, revenue growth, market expansion, sales support, client and industry engagement, and brand positioning.

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies.

The company recorded 3.4% increase in consolidated net profit to Rs 1,152.3 crore in Q1 FY24 as against Rs 1,114.1 crore in Q4 FY23. Revenue from operations rose marginally to Rs 8,702.1 crore during the quarter from Rs 8,691 crore posted in Q4 FY23.

The scrip rose 0.18% to settled at Rs 5236.25 on Friday 6 October 2023.