In addition to the problems mentioned afore, the new CEO will also have to grapple with the possibility of reduced business from Royal Bank of Canada (RBC), which is the second biggest customer, contributing 12 percent of sales, following a Canadian government's probe into the bank allegedly outsourcing jobs to iGate at the expense of local employees. The experts said RBC could reduce business for the company over the next 7-10 months. iGates interim CEO Gerhard Watzinger maintained detained that this is a case and said it was business as usual.  

iGate is said to be considering Former Patni CEO Jeya Kumar; Salil Parekh, Capgemini's head of application services and financial services business units; and Infosys' head of North America business Ashok Vemuri for the job. It is also considering internal candidates, sources said; among them is Derek Kemp, its executive vice-president and head of sales for EMEA, Asia & Australia; former Aricent CEO and currently its India chairman, SudipNandy, and former Wipro joint CEO, Girish Paranjpe who recently resigned from Bloom Energy, a Silicon Valley-based fuel-cell startup.

And the potential candidates could also be deterred by the fact that private equity investor Apax Partners, which came in at the time of the Patni acquisition, would want an exit after three-four years. Having an "on sale" board usually makes it harder to win business and acquire new clients.

Read Also: 10 Best Tech Twitterers To Follow  and Google Makes $3 Billion Profit; Wall Street Not Impressed