Having engineered one of the most spectacular growth stories in the Indian banking space over past four decades, life seems to have come a full circle for Kundarpur Vaman Kamath with his appointment as chairman of software giant Infosys.

Kamath, who holds a mechanical engineering degree and did management studies from IIM-Ahmedabad, began his career in 1971 with ICICI group and is credited with optimal use of technology for creating India's biggest private sector bank.

Just like ICICI Bank, Infosys is another spectacular growth story in Indian business and is counted among the few to have established India as the software capital of the world.

Incidentally, banking industry is one of the main markets for Infosys, while ICICI Bank has its IT infrastructure as one of the major factors behind its growth story.

Kamath now heads two of the biggest success stories in India's post-independence corporate arena -- ICICI Bank in the business of money and Infosys in the software space, which is among the biggest wealth-generating businesses of Indian economy.

As Chairman of Infosys, Kamath would succeed N R Narayana Murthy, one of the main founders of the company and considered a visionary leader of the Indian IT space.

Though a non-executive chairman, Kamath's expertise and guidance could be a key factor in Infosys' growth chart going forward. At ICICI Bank also, he currently serves as a non-executive chairman after giving up is executive duties in early 2009, but remains a key force there.

After starting in 1971 with ICICI Bank, he had also moved to Asian Development Bank for a few years in 1988.

He returned to ICICI as its MD and CEO in 1996. Under his leadership, the ICICI Group transformed itself into a diversified, technology-driven financial services group that has leadership positions across banking, insurance and asset management in India, and an international presence.

He retired as Managing Director and CEO of ICICI Bank in April 2009, and took up the current position of non-executive chairman with effect from May 1, 2009.

At Infosys, Kamath will have company in S Gopalakrishnan, a co-founder and now co-chairman of the board. He has been serving as CEO and MD since June 22, 2007 at the IT giant and would be succeeded in this position by S D Shibulal, another co-founder.

As he is commonly known, Kris holds a Master's degree in Physics and Computer Science from IIT Chennai.

Shibulal currently serves as Chief Operating Officer of Infosys and has over three decades of leadership in IT services industry. He has a Master's Degree in Physics from University of Kerala and an MS in Computer Science from the University of Boston.