Nagarro Taps Veteran CFO Prateek Aggarwal to Steer AI-Driven Growth

MUNICH, Germany – April 17, 2026 – Global AI and engineering firm Nagarro SE has announced a significant reinforcement of its executive leadership, appointing seasoned finance veteran Prateek Aggarwal as its new Chief Financial Officer and member of the Management Board. The appointment, effective May 1, 2026, is a strategic move designed to bolster the company's financial governance and support its ambitious growth trajectory, particularly as it pivots to become a leader in AI-driven transformations. Aggarwal, who previously held the CFO title at IT giants HCLTech and Hexaware Technologies, brings over two decades of experience in steering global listed technology companies through complex market landscapes.

A Strategic Move for Governance and Growth

This appointment is more than a routine executive shuffle; it marks the establishment of a dedicated CFO role on Nagarro's Management Board, signaling a new phase of corporate maturity. The move is a direct response to the company's rapid global expansion and its need for enhanced financial discipline to deepen its engagement with international capital markets.

Christian Bacherl, Chairperson of Nagarro's Supervisory Board, highlighted the strategic importance of Aggarwal's background. "Prateek Aggarwal brings deep experience from global listed technology services companies and a strong track record of financial leadership at scale," Bacherl stated. "He has consistently strengthened finance organizations and helped build the financial discipline, governance standards, and capital markets perspective expected of a company like Nagarro. His appointment reflects our focus on further strengthening financial discipline and governance."

This focus on governance comes at a pivotal time. The company recently concluded an independent investigation in March 2026 which found no evidence of prior allegations of misconduct, a clean bill of health that now precedes this move to fortify its financial leadership. Nagarro's recent performance underscores the growth Aggarwal is expected to help manage. The company reported revenues of €972.0 million for fiscal year 2024 and has provided guidance for 2026 revenue to potentially reach €1,060 million, with a robust Adjusted EBITDA margin between 14.5% and 15.5%. Furthermore, Nagarro's board recently proposed its first-ever dividend, signaling a commitment to long-term value creation for shareholders—a strategy Aggarwal will now be central to executing.

The Financial Architect for an AI-Native Future

While strengthening governance is a key mandate, Aggarwal's role is equally critical to fueling Nagarro's technological ambitions. The company has staked its future on becoming a premier "AI-native engineering and transformation company," a strategy encapsulated by its 'Fluidic Intelligence' framework. This framework aims to embed AI across enterprise workflows to unlock significant performance gains for clients.

Manas Human, Nagarro's co-founder and CEO, directly linked the new CFO appointment to this strategic pivot. "We are rapidly transforming Nagarro to leverage our lean, agile engineering excellence to become a leader in AI transformations," Human said. "In the context of the changing market environment, evolving organization design and new offerings, Prateek will play a key role, partnering with the broader leadership team on our ambitious growth journey."

This journey involves substantial investment in proprietary AI tools like the 'Falcon.AI' project assistant and 'Genome AI' customer intelligence platform, alongside strategic partnerships with industry leaders like OpenAI and the multi-model AI coding platform Cursor. For a CFO, navigating this landscape requires more than traditional financial oversight. It demands a deep understanding of how to fund innovation, measure the return on investment for intangible AI assets, and structure the company financially to support a rapid and potentially capital-intensive technological shift. Industry experts note that the modern CFO is a crucial partner to the CTO, responsible for ensuring that ambitious AI strategies are not only technologically sound but also economically viable and aligned with long-term financial goals.

A Veteran Leader with a Proven Playbook

Prateek Aggarwal is uniquely qualified for this dual mandate of governance and growth. His career spans more than 20 years in the technology and IT services sector, with a resume that includes CFO positions at two of the industry's most recognizable names, HCLTech and Hexaware Technologies. During his tenures, he was responsible for leading global finance functions and supporting major business transformation initiatives, giving him a playbook for scaling operations in complex, multi-country environments.

His most recent position as President of Value Creation at RPSG Group further honed his expertise in strategic finance. Aggarwal is a nationally awarded CFO, having received recognition from prestigious bodies including Institutional Investor and The Economic Times, underscoring his reputation within the financial community. This track record was a clear factor in his selection, as Nagarro seeks to solidify its standing among institutional investors.

Aggarwal himself views the move as an opportunity to make a significant impact at a crucial moment for both Nagarro and the wider tech industry. "I am excited to join Nagarro at this important stage in the industry's and company's development," Aggarwal commented on his appointment. "I look forward to joining this unique leadership team, strengthening the finance function, supporting disciplined growth, and maintaining a consistent and transparent dialogue with investors and other stakeholders." His focus on "disciplined growth" and "transparent dialogue" will be music to the ears of investors looking for stability and clear communication as Nagarro navigates its next chapter.

Navigating a Competitive and Evolving Market

Aggarwal steps into his new role at a time of both opportunity and uncertainty for the global IT services market. The industry is fiercely competitive, with Nagarro vying for business against giants like Accenture and Wipro as well as specialized firms like GlobalLogic and ThoughtWorks. Since 2022, the sector has been recalibrating in the face of macroeconomic pressures and the disruptive potential of artificial intelligence, which threatens to reshape traditional service delivery models.

In this environment, strong financial leadership is not just an advantage; it is a necessity. Aggarwal's experience will be instrumental in guiding Nagarro's capital allocation strategy, which includes a planned share buy-back of up to €400 million and a new dividend policy. His ability to manage investor expectations and articulate a clear financial narrative will be critical as the company invests in its AI capabilities while striving to maintain profitability and deliver shareholder returns.

By bringing in a CFO of Aggarwal's caliber, Nagarro is making a clear statement about its ambitions. The company is not just aiming to compete; it is positioning itself to lead in the new era of AI-driven services. The appointment is a calculated move to install a leader with the experience to impose financial discipline, the strategic vision to fund technological innovation, and the credibility to reassure capital markets through a period of profound industry transformation.