Deepak Sogani, CFO of Times Internet Ltd, has quit the firm that runs the Times Group’s flagship portal Indiatimes.com. “I have accepted a position outside TIL,” Sogani told contentSutra, confirming the development. “The new position is in Mumbai, that is where I have spent most of my life and now i’m moving back.” Sogani declined to say which company he was joining, but said that firm has no interests in the Internet space and is not a media company. Sogani joined TIL in January 2008. He said he will serve out his notice period at TIL and help with the transition phase. “I have enjoyed my stint at TIL, it’s a great firm and now it’s time to move on,” Sogani added. 

Prior to joining TIL, Sogani has been the CFO at Sutherland Global Services and Patni Computer Systems Ltd. He has also worked as a manager at SBI Capital Markets. At TIL, he handled financial responsibilities of the firm’s various businesses such as ecommerce, mobile VAS, services targeted at small and medium enterprises and remittance services targeted at non-resident Indians.

“Deepak will be around for at least a couple of months to ensure a smooth transition,” TIL CEO Dinesh Wadhawan said. He added that the company was actively searching for a replacement. 

Correction: We earlier reported incorrectly that Sunil Rajshekhar, COO & President at TIL, is a chartered accountant by training. In a communication, the company has clarified that he is not. The error is regretted.