IT units in the state had exported Rs 1,945 crore in 2012-13, including Rs 1,705 crore by the STPI registered units.

Thrikutam, with Infosys for the past 19 years, was also heading Americas, the largest market for the Bangalore-based company.

“There is a lot of M&A activity happening in the life sciences space. When M&A is typically initiated, budgets are tightly controlled, because companies are hoarding cash to ward off (rival bids) and to make the sale happen,” said Manish Tandon, senior vice-president and global segment head of life sciences.

The boycott will continue until these three technology majors demonstrate employment practices that follow laws prohibiting discrimination in the upcoming jobs for FY2016, the three groups-- Bright Future Jobs, Programmers Guild and Washtech, said in a press release. Recruitment for these jobs will start from October this year.

Despite a shrinking market share and declining profitability, Murthy’s return helped Infosys get a double thumbs-up from investors. While the company’s shares rose around five per cent in the first trade after the announcement of Murthy’s return, they surged nearly 30 per cent over the next three months.

“As we embark on a newer and better horizon for our employees and our clients, we will see some transition in leadership,” Murthy said in an email to Infosys employees on Friday. “Please rest assured that the leadership changes take into account the best interests of the company.”