New Delhi: 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.

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. 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 changed 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.

(Agencies)