Mumbai/Bengaluru, Dec 31 (IANS): Global IT major Infosys said Wednesday that Omkar Goswami will retire from its board of directors effective Dec 31 in accordance with its retirement policy.

"Goswami has been a part of the Infosys journey for more than a decade and the company has benefited from his rich experience as a professional economist", non-executive chairman in Infosys K.V. Kamath said.

Functioning as an independent director, Goswami is the founder and chairman of Corporate and Economic Research Group (CERG) Advisory Pvt Ltd.

He has served on committees of several organisations and of the government, including the CII Committee on Corporate Governance and the Vijay Kelkar Committee on Direct Tax Reforms.

He has also been a consultant to the World Bank, the International Monetary Fund, the Asian Development Bank and the Organization for Economic Cooperation Development.

"I am demitting office at a time when revenues are exceeding $8 billion. Throughout the progress of this iconic company, some things have not changed: its commitment to transparency, to strong corporate values and to integrity," Goswami said in a statement.

"These are what make me proud of Infosys, and confident of its future," he said.