Virtusa adds Abidali Neemuchwala to its Board as Independent Director

– USA, MA –  Virtusa Corporation (NASDAQ: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced the appointment of Abidali Neemuchwala to its Board of Directors, effective immediately.

Mr. Neemuchwala will join the Board as a Class III director, standing for election at the Company’s 2022 Annual Meeting of Shareholders. With this appointment, the Board expands to 10 directors, nine of whom are independent.

“We are pleased to welcome Abid, a highly respected leader and operator within the information technology services space, to the Virtusa Board of Directors,” said Chairman and CEO, Kris Canekeratne. “As CEO & Managing Director of Wipro, Abid led its transformation into a next-generation technology and consulting company well placed for the digital age. He will be a valuable addition to our Board as we continue to execute on our Three Pillar Strategy to better position Virtusa for the future and unlock value for our shareholders. We look forward to welcoming Abid to the Board and benefiting from his unique insights and valuable expertise.”

Since 2016, Virtusa has added five new independent directors, including Mr. Neemuchwala, who provide a fresh perspective and are fully aligned with shareholder interests. The Company’s 10 directors all possess significant and relevant experience, including public company senior executive and board-level experience in the IT space and are actively overseeing the execution of Virtusa’s Three Pillar Strategy – driving profitable revenue growth, diversifying revenue and increasing gross and net margins.

About Abidali Neemuchwala

Mr. Neemuchwala brings over 28 years of experience in the IT services industry at publicly traded companies. He most recently served as CEO of Wipro, a leading global information technology, consulting and business process services company, where he oversaw the company’s successful digital transformation, and he previously served as Global Head of Business Process Services for Tata Consultancy Services, where he was responsible for over 12% of the company’s revenues.

“I am honored to have the opportunity to join the Virtusa Board of Directors,” said Mr. Neemuchwala. “Virtusa has leading end-to-end Digital Transformation and Cloud Transformation capabilities and has made significant progress in positioning itself for the future. This is a dynamic time in the IT services and solutions industry and I look forward to working with Virtusa’s talented directors and management team to further these initiatives as a member of the Board.”

Mr. Neemuchwala served as CEO of Wipro Limited, a leading global information technology, consulting and business process services company, from February 2016 until June 2020. In this role, he helped build a strong execution mindset, drove key acquisitions, and scaled the company’s digital business globally, executing the company’s largest-ever contract with Alight Solutions. He previously served as Group President and Chief Operating Officer of Wipro from April 2015 until January 2016, where he spearheaded several initiatives that helped create a more nimble and agile organization and accelerated the company’s ability to not only respond to customers in the digital age but also ensure deeper employee engagement. Earlier in his career, Mr. Neemuchwala spent over 23 years at Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, where he served in various roles of increasing responsibility, including as Global Head of Business Process Services.

Mr. Neemuchwala holds a Bachelor’s Degree in Electronics and Communication from the National Institute of Technology, Raipur, and a Master’s Degree in Industrial Management from the Indian Institute of Technology, Bombay.

About Virtusa

Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovation engineering. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive the business forward at unparalleled velocity enabled by a culture of cooperative disruption.

For more information: https://www.virtusa.com

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