CEO resigns to pursue other interests; board approves appointment of Anish Kumar Sarkar as CEO
NIIT: Board took on record and accepted the resignation of Mr. Pankaj Prabhakar Jathar as Chief Executive Officer effective October 14, 2026, as he wishes to pursue other interests.
By ScoutQuest · · 3 min read
- Outgoing CEO resignation effective date
- October 14, 2026
- Outgoing CEO relieved from close of business hours
- October 22, 2026
- New CEO appointment effective date
- October 14, 2026
What the board decided
The board of directors, at its meeting held on October 14, 2026 (commenced at 03:04 p.m. and concluded at 3:47 p.m.), took on record and accepted the resignation of Mr. Pankaj Prabhakar Jathar from the position of Chief Executive Officer of the company effective October 14, 2026, as he wishes to pursue other interests. He also ceases to be Key Managerial Personnel of the company in terms of Section 203 of the Companies Act, 2013. Mr. Jathar shall be relieved from his services of the company with effect from close of business hours on October 22, 2026, and shall also cease to be Senior Managerial Personnel on that date.
Who takes charge
Based on the recommendation of the Nomination and Remuneration Committee, the board approved the appointment of Mr. Anish Kumar Sarkar as Chief Executive Officer and Key Managerial Personnel of the company w.e.f. October 14, 2026, the same effective date as the outgoing CEO's cessation. He is also Senior Managerial Personnel in terms of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
Incoming CEO's profile as given in the update
- Over two decades of experience in business building, transformation and M&A-led growth across consulting and operational leadership roles.
- Prior to joining NIIT, he was Managing Director – India and Director of the India / Philippines / Indonesia Cluster at Pluxee (formerly Sodexo BRS), a global employee benefits and engagement company, and CEO of Mercer India, a global human capital consulting firm.
- At both these organisations, he led revenue growth and portfolio expansion, including strategic acquisitions.
- Earlier, he spent several years with the Capgemini Group in senior leadership roles across management consulting, sales and technology transformation.
- An alumnus of IIT Kharagpur and IIM Calcutta.
What the outgoing CEO's letter says
The resignation letter states that he had, over the last few months, expressed his desire to move on from NIIT to pursue other interests, and that he wished to formally resign and give his three months notice as per his contract. He requested to be relieved as early as possible once he completes the transition, and that the rest of the notice period may kindly be waived. He also recorded his appreciation of NIIT's leaders and team.
How a retail investor can read this
A change at the top is a key management event. In this case, the cessation and the new appointment carry the same effective date, October 14, 2026, and the board's decision follows a recommendation of the Nomination and Remuneration Committee.
- The reason recorded for the change is resignation by the outgoing CEO to pursue other interests.
- The cessation of Mr. Jathar as CEO and Key Managerial Personnel is effective October 14, 2026, and he is relieved from close of business hours on October 22, 2026.
- The appointment of Mr. Anish Kumar Sarkar as CEO and Key Managerial Personnel is effective October 14, 2026.
- The update states that the disclosure of relationships between directors is Not Applicable for both the outgoing and the incoming CEO in the change-of-management table.
Incoming leadership background and the speed of the transition are the points the market may focus on when forming its view.
Also from NIIT
NIIT to host group investor/analyst call on October 27, 2026 to discuss results for quarter and half year ended Sept 30, 2026
22 Oct 2026
Board meeting on October 27, 2026 to consider and approve unaudited results for September quarter
19 Oct 2026
Income Tax Department files appeal against the company before ITAT, New Delhi for AY 2018-19
16 Oct 2026
More numbers
- Notice period stated in outgoing CEO's resignation letterthree months
- Experience of incoming CEO as stated in profileover two decades
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