Sunil Wadhwani and Ashok Trivedi, co-founders, said: "The separation is a logical step for the company. Our board has reviewed the divestiture and believes it will benefit our shareholders, employees and customers."
Kovind, the 71-year-old BJP veteran, who rose from a modest background is set to occupy the country's highest constitutional office.
IGATE's shares closed on Nasdaq on Friday at $45.85.
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