Latest news with #Infosys'
Time of India
an hour ago
- Business
- Time of India
World no longer single global market, firms must navigate between fragmented blocs, countries: Nilekani
NEW DELHI: Global businesses can no longer view the world as a single market but must now navigate a landscape divided into fragmented blocs and countries, said Infosys Chairman Nandan Nilekani . He pointed out that multiple trends are colliding, forcing companies to reexamine their fundamentals and make strategic choices in the face of growing geopolitical uncertainty. In Infosys' annual report for FY25, Nilekani explained that as geopolitics comes to the forefront, companies are required to adapt their strategies and even make decisions about how to operate between these different blocs. "As geopolitics becomes front and centre in our lives, we are having to take cognisance of the world not as one single global market but as fragmented blocs and countries. This means making strategic choices and even navigating between these blocs," Nilekani said. The COVID pandemic brought to spotlight the pressing need to reduce risks in supply chains and develop reliable backup options. Relying solely on just-in-time delivery was no longer sufficient; companies also had to prepare for unexpected disruptions, the IT veteran noted. Live Events "Tariffs are further driving home the point that we need to diversify our sourcing. Tariffs will be differentiated across products and countries and will likely keep changing. Bilateral and regional rules of trade will dominate. Supply chains will continue to shift as tariffs become another form of arbitrage," Nilekani said. He added that artificial intelligence (AI), with its possibilities and potential, creates another arc of uncertainty. As AI rapidly transforms the business landscape, Nilekani underscored the critical importance for enterprises to modernise their legacy systems and build robust data architectures to fully harness AI's potential. "The advent of AI with all its possibilities and potential creates another arc of uncertainty. As enterprises look at applying AI to every aspect of the business, some long standing challenges will become imperative and self-evident to firms," he said. The need to modernise legacy systems, and the need to create a data architecture so that all the firm's data is consumable by AI, in a holistic manner, can no longer be put off. He urged enterprises to have an AI foundry and an AI factory to fuel innovation and scale. However, Nilekani also cautioned that the adoption of AI comes with risks, particularly due to varying regulatory frameworks across different regions. "While embracing AI will bring a goldmine of opportunities, it will not be entirely without some foreseeable risks. Regulatory variances across regions will need to be incorporated into one's strategy," he said.
The Hindu
2 hours ago
- Business
- The Hindu
Infosys CEO among highest paid in Indian IT as compensation rose 22% to $9.4 million last fiscal
Infosys CEO Salil Parekh's compensation rose 21.7% to 806.2 million rupees ($9.44 million), the company said in its annual report on Monday, making him one of the highest-paid Indian IT chiefs currently in office. Parekh, the longest-serving non-founder CEO at the IT company, earned a fixed salary of 79.4 million rupees and bonuses of 231.8 million rupees. The largest portion, 495 million rupees, resulted from the chief executive of India's No. 2 IT services firm exercising his stock options. In comparison, Parekh earned $7.9 million in 2024 and $6.76 million in 2023, with the rise in pay, mainly due to a greater number of stock options exercised during the year. For the financial year 2025, Infosys reported a revenue growth of 4.2% in constant currency terms, falling short of its forecast of 4.5%-5%. For the current fiscal year, it forecast a flat to 3% growth in revenue, signalling a weaker business environment. India's $283-billion IT sector is facing another year of slowing growth, partly due to the U.S. tariff policies, which complicate forecasting market conditions in key markets and client segments. "Majority of Infosys revenue is from the U.S. and other global markets. The compensation is in line and consistent with what companies of this scale and size pay globally. Boards of Indian tech companies are indeed aware and need their leaders to be retained and paid appropriately in this challenging environment," said K Sudarshan, managing director at executive search firm EMA Partners. K Krithivasan, CEO of Infosys' larger rival Tata Consultancy Services earned $3.11 million, and smaller rival Wipro's CEO Srinivas Pallia earned $6.28 million, according to their latest annual report. Infosys is one of the two among India's top five IT companies that have retained their CEO at the helm over the last 18–24 months, with HCLTech being the other.
News18
4 hours ago
- Business
- News18
Infosys CEO Salary: Salil Parekh's FY25 Income Rises 22% To Rs 80.6 Cr
Last Updated: Infosys' CEO earned Rs 49.5 crore from exercising stock options, up from Rs 39 crore the previous fiscal year. Infosys CEO Salary: Salil Parekh, the CEO of Infosys, saw his annual pay rise by 22 percent to Rs 80.6 crore for fiscal year 2025, according to the company's annual report. The increase was mainly due to Parekh exercising more restricted stock units (RSUs) during the year. In comparison, Parekh's compensation had decreased to Rs 56 crore in FY23 from Rs 71 crore in FY24. For FY25, his pay surpassed that of his peers at Tata Consultancy Services (TCS) and Wipro. TCS CEO and MD K Krithivasan's salary rose by 4.6 percent to Rs 26.5 crore, while Wipro CEO and MD Srinivas Pallia's pay increased by 10 percent to $6.2 million, or about Rs 53.6 crore, during the same period. Pay Breakdown advetisement Infosys' CEO earned Rs 49.5 crore from exercising stock options, up from Rs 39 crore the previous fiscal year. His base pay remained steady at Rs 7.5 crore, and he received Rs 50 lakh in retirement benefits. Additionally, his variable pay rose to Rs 23.2 crore in FY25 from Rs 19.8 crore in FY24. Infosys FY25 Performance For the financial year 2024-25, Infosys reported a revenue of $19.28 billion, a slight increase from $18.56 billion in FY24. Despite the revenue growth, the company's net profit slightly fell to $3.16 billion from $3.17 billion the previous year. Operating profit improved to $4.07 billion from $3.83 billion, and gross profit increased to $5.87 billion. Earnings per share remained stable at $0.76 for both basic and diluted EPS in FY25, slightly down from the basic EPS of $0.77 in FY24. Infosys ended FY25 with total assets valued at $17.42 billion, up from $16.52 billion in FY24. The company significantly boosted its cash reserves, which reached $2.86 billion compared to $1.77 billion the previous year. On the cash flow front, Infosys generated $4.35 billion from operating activities, spent $361 million on investing activities, and used $2.88 billion in financing activities, leading to a net cash increase of $1.12 billion for the year. About the Author Business Desk Watch India Pakistan Breaking News on CNN News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! Location : New Delhi, India, India First Published: June 03, 2025, 06:56 IST
Mint
12 hours ago
- Business
- Mint
Infosys CEO Salil Parekh gets 22% salary hike, payout now stands at ₹80.62 crore — Check details
India's second-largest IT company, Infosys' Chief Executive Officer (CEO), Salil Parekh, received a 22 per cent salary hike, and his yearly payout now stands at ₹ 80.62 crore for the financial year 2025-26, according to an exchange filing. According to Infosys' annual report for the financial year ended 2024-25, Parekh's revised salary for the 2025-26 fiscal year is at ₹ 80,62,36,456 or more than ₹ 80.62 crore. The data also showed that Infosys granted 3,82,071 or over 3.8 lakh restricted stock units (RSUs) to Salil Parekh along with his monetary compensation. Infosys shares closed 0.55 per cent lower at ₹ 1,554.20 after Monday's trading session, compared to ₹ 1,562.80 at the previous stock market close. The IT firm released its annual report after the stock market operating hours on 2 June 2025. Salil Parekh's salary breakdown data shows that the executive receives ₹ 7.45 crore as a base salary, ₹ 49 lakh in retirement benefits, making the total fixed salary ₹ 7.94 crore. On top of this, Parekh will also receive a bonus incentive, also known as the variable pay of ₹ 23.18 crore, along with ₹ 49.50 crore from the perquisites on account of the stock options exercised. Parekh joined Infosys on 2 January 2018 and has completed a little over seven years in the Indian IT major. The 60-year-old executive has completed a total of 37 years working in corporations all his life. Before joining Infosys as the CEO and Managing Director, Parekh was working with Capgemini as a Director General. Salil Parekh has spent more than 25 years in a global IT services company, according to his LinkedIn profile. Earlier in his life, in 1992, Parekh was a Partner at Ernst & Young (EY) for nearly eight years. On the educational front, the executive has a Bachelor's in Technology in Aeronautical Engineering from IIT Bombay, and later in 1986, he finished his Master's in Computer Science and Mechanical Engineering from the US-based Cornell University. According to Mint's earlier report, Infosys on 17 April 2025 disclosed that the company has granted more than ₹ 50 crore in Employee Stock Ownership Plan (ESOP) to CEO Salil Parekh. Infosys allotted ₹ 51.75 crore worth of stock options to Salil Parekh in multiple tranches.
Time of India
14 hours ago
- Business
- Time of India
Infosys CEO among highest paid in Indian IT as compensation rose 22% to $9.4 mln last fiscal
Infosys CEO Salil Parekh's compensation rose 21.7% to 806.2 million rupees ($9.44 million), the company said in its annual report on Monday, making him one of the highest-paid Indian IT chiefs currently in office. Parekh, the longest-serving non-founder CEO at the IT company, earned a fixed salary of 79.4 million rupees and bonuses of 231.8 million rupees. The largest portion, 495 million rupees, resulted from the chief executive of India's No. 2 IT services firm exercising his stock options. In comparison, Parekh earned $7.9 million in 2024 and $6.76 million in 2023, with the rise in pay, mainly due to a greater number of stock options exercised during the year. For the financial year 2025, Infosys reported a revenue growth of 4.2% in constant currency terms, falling short of its forecast of 4.5%-5%. For the current fiscal year, it forecast a flat to 3% growth in revenue, signalling a weaker business environment. India's $283-billion IT sector is facing another year of slowing growth, partly due to the U.S. tariff policies, which complicate forecasting market conditions in key markets and client segments. "Majority of Infosys revenue is from the U.S. and other global markets. The compensation is in line and consistent with what companies of this scale and size pay globally. Boards of Indian tech companies are indeed aware and need their leaders to be retained and paid appropriately in this challenging environment," said K Sudarshan, managing director at executive search firm EMA Partners. K Krithivasan, CEO of Infosys' larger rival Tata Consultancy Services earned $3.11 million, and smaller rival Wipro's CEO Srinivas Pallia earned $6.28 million, according to their latest annual report. Infosys is one of the two among India's top five IT companies that have retained their CEO at the helm over the last 18-24 months, with HCLTech being the other.
