BENGALURU/MUMBAI: Cognizant 's Global Head of Digital Operations Vipul Khanna will be replacing Rajesh Subramaniam as the Managing Director & CEO of RP-Sanjiv Goenka Group company, Firstsource Solutions that works in the business process outsourcing space.Vipul Khanna, has accepted the Company's offer for appointment with effect from August 2, according to a note on the exchanges.Subramaniam's term expires on 31st July, 2019 and he 'expressed a desire not to seek reappointment' the note said. He was a part of the Firstsource co-founding team in 2001. The company slashed its guidance for revenue growth for 2019 from 7.0-9.0% to 3.6-5.1% in constant currency terms earlier this year.The matter will be considered by the board at its next meeting on August 2. Firstsource Solutions reported a revenue growth of 8.2% in FY 19 at Rs 3,826 crore. The company said it had increased its revenue from digital services to 9% from 5% in FY 19 and is on track to increase it to 20% in the next two years, in its annual report.Shares of Firstsource Solutions ended 2.11% higher at Rs 53.30 on the BSE on Wednesday.

Source: Economic Times July 17, 2019 13:47 UTC