Cyient logo

Cyient CEO, MD, chairman, board of directors and AGM

NSE: CYIENTBSE: 532175IT - ServicesSmall Cap

Formerly Infotech Enterprises
Last close ₹1,233.00up ₹89.30 (7.81%)BSE ₹1,229.25

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,143.70.

52-week range of traded prices to 23 Oct 2026
₹750.30Low, 30 Mar 2026₹1,268.00High, 23 Oct 2026
Market cap
₹12,917 Cr538th largest listed
P/E
34.7
P/E without one-offs
26.6
P/B
2.5
Dividend yield
1.30%
ROE
7.0%
ROE without one-offs
9.1%
ROCE
9.1%
Debt to equity
0.44
Volume, NSE
1,98,88,72410.5% delivered

Cyient board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonMM Murugappan
  • Managing directorBodanapu Ganesh Venkat Krishna
  • Chief executiveSukamal Banerjee
  • Company Secretary and Compliance OfficerSudheendhra Putty

10 directors6 independent2 executive2 non-executive

  • Venkat Rama Mohan Reddy BodanapuNon-executive · joined Aug 1991 · reappointed Oct 2025 · 2 listed boards · 2 committee seats
  • MM Murugappan · ChairpersonNon-executive · joined Aug 1997 · reappointed Jul 2024 · 4 listed boards · 1 as independent · 3 committee seats, 2 as chair
  • Bodanapu Ganesh Venkat Krishna · Managing directorExecutive · joined Apr 2014 · reappointed Jun 2026 · 2 listed boards · 3 committee seats
  • Sukamal Banerjee · Chief executiveExecutive · joined Feb 2025 · reappointed Feb 2025 · 1 listed board
  • Vikas SehgalIndependent · joined Apr 2021 · reappointed Apr 2023 · 56 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Nitin PrasadIndependent · joined Apr 2019 · reappointed Apr 2022 · 30 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Debjani GhoshIndependent · joined Jan 2025 · reappointed Jan 2025 · 17 months as independent · 1 listed board · 1 as independent
  • Pillutla Madan MohanIndependent · joined Aug 2025 · reappointed Aug 2025 · 10 months as independent · 1 listed board · 1 as independent
  • Prathivadibhayankara Rajagopalan RameshIndependent · joined Aug 2025 · reappointed Aug 2025 · 10 months as independent · 7 listed boards · 7 as independent · 8 committee seats, 5 as chair
  • Sunil Ramakant BhumralkarIndependent · joined Sep 2025 · reappointed Sep 2025 · 9 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 5 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

3 directors who left
  • Matangi Gowrishankar, left 22 Jan 2026: Others
  • Vivek Narayan Gour, left 16 Oct 2025: Others
  • Karthikeyan Natarajan, left 23 Jan 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 30 May 20269 of 10 present5 independent · 4 days in between
    • 25 May 20269 of 10 present5 independent · 31 days in between
    • 23 Apr 202610 of 10 present6 independent · 90 days in between
    • 22 Jan 202611 of 11 present7 independent

  • Audit Committee

    Chair Sunil Ramakant Bhumralkar

    MM Murugappan, Prathivadibhayankara Rajagopalan Ramesh

    • 22 Apr 20263 of 3 present2 independent · 90 days in between
    • 21 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Pillutla Madan Mohan

    MM Murugappan, Nitin Prasad, Debjani Ghosh

    • 22 Apr 20264 of 4 present3 independent · 90 days in between
    • 21 Jan 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Vikas Sehgal

    Venkat Rama Mohan Reddy Bodanapu, Bodanapu Ganesh Venkat Krishna

    • 22 Apr 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Sunil Ramakant Bhumralkar

    MM Murugappan, Prathivadibhayankara Rajagopalan Ramesh

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    • 22 Apr 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Sep 2026.

  • S.R.Batliboi & Associates LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Cyient AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Cyient dividend history

Postal ballot, 10 Oct 2026

2,07,212 shareholders on the register on 4 Sep 2026; votes counted by Manish Kumar Singhania / Manish Kumar Singhania.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Murali Yadama (DIN:00034952) as Non-Executive Independent Director of the Company
    Special
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.24% · other public 0.11%

    Turnout: all 71.74% · promoters 92.76% · institutions 87.83% · other public 6.86%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 1 Jul 2026, 3 resolutions

2,67,019 shareholders on the register on 24 Jun 2026; present: 5 promoters and 131 others; votes counted by Manish Kumar Singhania / MKS and Associates.The company's voting result (opens in a new tab)

  1. a. the audited standalone financial statements of the Company for the financial year ended 31 March 2026, together with the reports of the board of directors and the auditors thereon; b. the audited consolidated financial statements of the Company for the financial year ended 31 March 2026, together with the report of the auditors thereon;MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.92% · promoters 98.56% · institutions 89.75% · other public 3.42%

  2. To appoint a director in place of Mr. M.M. Murugappan (DIN 00170478), who retires by rotation and, being eligible, offers himself for re-appointment as a director liable to retire by rotation.
    Ordinary
    98.55% for1.45% against

    Against: promoters 0.00% · institutions 2.17% · other public 0.04%

    Turnout: all 72.06% · promoters 98.56% · institutions 90.00% · other public 3.42%

  3. Continuation of directorship of Mr. B.V.R. Mohan Reddy (DIN: 00058215), as a Non-Executive, Non-Independent Director of the Company post attaining the age of 75 years
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.06%

    Turnout: all 72.06% · promoters 98.56% · institutions 90.00% · other public 3.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Jun 2026, 2 resolutions

2,30,776 shareholders on the register on 8 May 2026; votes counted by Manish Kumar Singhania / Manish Kumar Singhania.The company's voting result (opens in a new tab)

  1. Approval for the Buyback of Equity Shares of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.75%

    Turnout: all 72.29% · promoters 92.75% · institutions 89.64% · other public 3.74%

  2. Re-appointment of Mr. Krishna Bodanapu (DIN: 00605187) as Executive Vice-Chairman and Managing Director of the Company
    Ordinary
    98.17% for1.83% against

    Against: promoters 0.00% · institutions 2.65% · other public 0.53%

    Turnout: all 72.28% · promoters 92.75% · institutions 89.64% · other public 3.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 14 Dec 2025, 1 resolution

2,18,161 shareholders on the register on 7 Nov 2025; votes counted by Manish Kumar Singhania / Manish Kumar Singhania.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Sunil Ramakant Bhumralkar (DIN:00177658) as Non-Executive, Independent Director of the Company
    Special
    97.29% for2.71% against

    Against: promoters 0.00% · institutions 3.88% · other public 4.57%

    Turnout: all 71.12% · promoters 91.93% · institutions 88.53% · other public 0.31%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Oct 2025, 3 resolutions

2,17,467 shareholders on the register on 5 Sep 2025; votes counted by Manish Kumar Singhania / Manish Kumar Singhania.The company's voting result (opens in a new tab)

  1. Appointment of Mr. P.R. Ramesh (DIN 01915274) as Non-Executive, Independent Directors of the Company
    Special
    90.67% for9.33% against

    Against: promoters 0.00% · institutions 13.19% · other public 2.20%

    Turnout: all 73.79% · promoters 91.93% · institutions 91.94% · other public 1.05%

  2. Appointment of Mr. Madan Pillutla (DIN: 09280818) as Non-Executive, Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.19%

    Turnout: all 73.79% · promoters 91.93% · institutions 91.94% · other public 1.05%

  3. To approve the continuation of directorship of Mr. B.V.R. Mohan Reddy (DIN: 00058215) as a Non-Executive, Non-Independent Director of the Company
    Ordinary
    97.92% for2.08% against

    Against: promoters 0.00% · institutions 2.94% · other public 2.19%

    Turnout: all 73.79% · promoters 91.93% · institutions 91.94% · other public 1.05%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 16 Jul 2025, 4 resolutions

2,16,209 shareholders on the register on 7 Jul 2025; present: 7 promoters and 106 others; votes counted by Manish Kumar Singhania / MKS & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the audited standalone financial statements of the Company for the financial year ended 31 March 2025, together with the reports of the board of directors and the auditors thereon; b. the audited consolidated financial statements of the Company for the financial year ended 31 March 2025, together with the report of the auditors thereon;MoreLess
    Ordinary
    99.70% for0.30% against

    Against: promoters 0.00% · institutions 0.44% · other public 0.00%

    Turnout: all 78.17% · promoters 99.52% · institutions 93.91% · other public 7.39%

  2. To declare a final dividend of INR 14/- (at the rate of 280% on face value of INR 5/- each) on the equity shares for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 78.21% · promoters 99.52% · institutions 93.98% · other public 7.39%

  3. To appoint a director in place of Mr. Krishna Bodanapu (DIN: 00605187), who retires by rotation and being eligible, offers himself for re-appointment as a director liable to retire by rotation.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.02%

    Turnout: all 78.21% · promoters 99.52% · institutions 93.97% · other public 7.39%

  4. Appointment of Secretarial Auditors
    Ordinary
    99.70% for0.30% against

    Against: promoters 0.00% · institutions 0.45% · other public 0.02%

    Turnout: all 77.17% · promoters 99.52% · institutions 92.15% · other public 7.39%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 May 2025, 1 resolution

1,93,158 shareholders on the register on 11 Apr 2025; votes counted by Manish Kumar Singhania / Manish Kumar Singhania.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Sukamal Banerjee Mirnal (DIN: 10535670) as Executive Director and Chief Executive Officer of the Company
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.13% · other public 5.56%

    Turnout: all 73.03% · promoters 84.53% · institutions 91.69% · other public 0.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 Mar 2025, 1 resolution

1,88,577 shareholders on the register on 7 Feb 2025; votes counted by Manish Kumar Singhania / Manish Kumar Singhania.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Debjani Ghosh (DIN: 07820695) as Non-Executive Independent Director
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.04%

    Turnout: all 73.62% · promoters 84.55% · institutions 92.45% · other public 0.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 1 Jul 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)

  • a. the audited standalone financial statements of the Company for the financial year ended 31 March 2026, together with the reports of the board of directors and the auditors thereon; b. the audited consolidated financial statements of the Company for the financial year ended 31 March 2026, together with the report of the auditors thereon;MoreLess
    10 for0 against
  • To appoint a director in place of Mr. M.M. Murugappan (DIN 00170478), who retires by rotation and, being eligible, offers himself for re-appointment as a director liable to retire by rotation.
    10 for0 against
  • Continuation of directorship of Mr. B.V.R. Mohan Reddy (DIN: 00058215), as a Non-Executive, Non-Independent Director of the Company post attaining the age of 75 years
    10 for0 against

Mutual fund votes, meeting of 10 Jun 2026, 21 fund houses

  • Approval for the Buyback of Equity Shares of the Company
    21 for0 against
  • Re-appointment of Mr. Krishna Bodanapu (DIN: 00605187) as Executive Vice-Chairman and Managing Director of the Company
    Against Angel One Mutual Fund, Axis Mutual Fund, Canara Robeco Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Navi Mutual Fund, UTI Mutual Fund
    • Angel One Mutual FundCompliance and transparency concern on account of non-disclosure of the latest remuneration and attendance details of the proposed Director.
    • Axis Mutual Fund, UTI Mutual FundKrishna Bodanapu, 49, is part of the promoter family and has served on board since 24 April 2014. His FY25 remuneration was Rs. 199.3 mn, and the company has not disclosed his FY26 remuneration; we estimate his FY26 remuneration at Rs. 221.7 mn. The company proposes to reappoint him as Vice Chairperson and Managing Director for a term of three years from 3 April 2026. Based on the proposed terms, we estimate his FY27 remuneration at Rs. 243.2 mn, which is high relative to the size of the business and not aligned with peers. His remuneration terms include a commission component of up to 2.5% of net profits, for which there is no absolute cap. In FY25, the company’s revenues grew by only 1.5% in constant currency terms (YoY), while profit after tax declined by 15.4% YoY. Despite this, his commission payout was 3.2% of standalone profit before tax (excluding exceptional items). The company should explain the rationale for the quantum of commission payout despite the moderation in profitability. While the company has disclosed the performance metrics for his commission payout, the company must disclose if there is any threshold performance which triggers actual payout of commission. Given these concerns, we do not support the resolution.
    • Canara Robeco Mutual Fund, Jio BlackRock Mutual FundKrishna Bodanapu, 49, is part of the promoter family and has served on board since 24 April 2014. His FY25 remuneration was Rs. 199.3 mn, and the company has not disclosed his FY26 remuneration; we estimate his FY26 remuneration at Rs. 221.7 mn. The company proposes to reappoint him as Vice Chairperson and Managing Director for a term of three years from 3 April 2026. Based on the proposed terms, we estimate his FY27 remuneration at Rs. 243.2 mn, which is high relative to the size of the business and not aligned with peers.His remuneration terms include a commission component of up to 2.5% of net profits, for which there is no absolute cap. In FY25, the company’s revenues grew by only 1.5% in constant currency terms (YoY), while profit after tax declined by 15.4% YoY. Despite this, his commission payout was 3.2% of standalone profit before tax (excluding exceptional items). The company should explain the rationale for the quantum of commission payout despite the moderation in profitability.While the company has disclosed the performance metrics for his commission payout, the company must disclose if there is any threshold performance which triggers actual payout of commission. Given these concerns, we do not support the resolution.
    • Groww Mutual Fund, Navi Mutual FundNo concerns identified on the merits, profile and time commitment of the proposed appointee. Compliance and Transparency concern: The Company has not disclosed certain material details as required in Secretarial Standard - 2 in the Explanatory Statement forming part of the Notice.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    13 for8 against
5 earlier meetings

Mutual fund votes, meeting of 14 Dec 2025, 27 fund houses

  • Appointment of Mr. Sunil Ramakant Bhumralkar (DIN:00177658) as Non-Executive, Independent Director of the Company
    27 for0 against

Mutual fund votes, meeting of 10 Oct 2025, 25 fund houses

  • Appointment of Mr. P.R. Ramesh (DIN 01915274) as Non-Executive, Independent Directors of the Company
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe have concerns about overboarding.
    24 for1 against
  • Appointment of Mr. Madan Pillutla (DIN: 09280818) as Non-Executive, Independent Director of the Company
    25 for0 against
  • To approve the continuation of directorship of Mr. B.V.R. Mohan Reddy (DIN: 00058215) as a Non-Executive, Non-Independent Director of the Company
    25 for0 against

Mutual fund votes, meeting of 16 Jul 2025, 24 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt: a. the audited standalone financial statements of the Company for the financial year ended 31 March 2025, together with the reports of the board of directors and the auditors thereon; b. the audited consolidated financial statements of the Company for the financial year ended 31 March 2025, together with the report of the auditors thereon;MoreLess
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundNon-disclosure of the audited financial statements of Subsidiaries on the website of the Company.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundUnqualified financial statements. Non-Compliant with Companies Act, 2013 and Regulation 46(2)(s) of SEBI LODR: Non-disclosure of the audited financial statements of Subsidiaries on the website of the Company.
    18 for5 against
  • To declare a final dividend of INR 14/- (at the rate of 280% on face value of INR 5/- each) on the equity shares for the financial year 2024-25.
    23 for0 against
  • To appoint a director in place of Mr. Krishna Bodanapu (DIN: 00605187), who retires by rotation and being eligible, offers himself for re-appointment as a director liable to retire by rotation.
    24 for0 against
  • Appointment of Secretarial Auditors
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundTransparency concern: The Company has not disclosed whether there is any material change in the proposed audit fee.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Transparency concern: The Company has not disclosed whether there is any material change in the proposed audit fee.
    19 for5 against
2 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 15 May 2025, 26 fund houses

  • Appointment of Mr. Sukamal Banerjee Mirnal (DIN: 10535670) as Executive Director and Chief Executive Officer of the Company
    26 for0 against

Mutual fund votes, meeting of 15 Mar 2025, 20 fund houses

  • Appointment of Ms. Debjani Ghosh (DIN: 07820695) as Non-Executive Independent Director
    20 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake boughtTao Digital Solutions IncSince 30 May 2026

    100.00% bought in the quarter; holding 100.00%, from 0.00%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.