Latest news with #SalilParekh
Yahoo
2 days ago
- Business
- Yahoo
Infosys outlines a bolder ESG Vision 2030; Aspires to become climate positive in 2030, expands global skilling and livelihood commitments
BENGALURU, India, June 4, 2025 /CNW/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced an update to its Environmental, Social and Governance (ESG) Vision for 2030. This update is part of Infosys' continuing ESG commitments, first articulated in 2020 and now renewed with bolder aspirations. The ESG Vision 2030's broad areas of focus are climate change, water and waste management, digital skilling and employability, nurturing workplace inclusivity, amplifying communities, employee wellness and workplace experience, along with corporate governance, data privacy and information management. Salil Parekh, Chief Executive Officer, Infosys, said, "At Infosys, our ESG 2030 roadmap isn't just a commitment, it is our blueprint for pioneering responsible business leadership, in a rapidly changing world, through being sustainable, socially responsible, and exemplary in governance. As we've made progress on our ESG aspirations, our vision for the future has grown bolder too. This is reflected in the updates that we have made to the Infosys ESG Vision 2030. What remains unchanged is our continued commitment to be a well-governed organization living its purpose to amplify human potential and create the next opportunity for people, businesses, and communities." Highlights of Infosys' ESG Achievements: Achieved carbon neutrality for the sixth consecutive year in FY25 Increased 4.3 billion liters in water holding capacity through 11 lake rejuvenation projects across India over FY24 and FY25 More than 125 million lives empowered via TechForGood programs in e-governance, healthcare, and education. Reached 13.3 million people through digital skilling initiatives Infosys was recognized among the World's Most Ethical Companies by Ethisphere for the fifth consecutive year First India-headquartered company to receive Binding Corporate Rules (BCR) approval from EU data protection authorities Highlights of Updated ESG Goals: Achieve climate positive in 2030, by implementing initiatives across Scope 1, 2 and 3 GHG emissions to reduce our own carbon footprint. Aims to sequester more carbon from the atmosphere, than emissions and move beyond Net Zero. Remain carbon neutral till 2029. Extend digital skills to empower 18 million plus people, including employees, clients' workforce, students, teachers, and communities, and enable employment opportunities for 500,000 plus people. Amplify Communities - Transform and create sustainable communities through Tech for Good initiatives, job creation and CSR efforts, including employee volunteering, healthcare interventions and women's empowerment. Continue to bring interests of all stakeholders to the fore through an empowered, diverse, and inclusive Board. Shape and embrace leading data privacy standards across the various geographies of business operations and be the industry leader in information security practices. To learn more about Infosys' ESG efforts around the world and ESG related aspirations, see the latest Infosys ESG Report 2024-25. About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Logo: View original content: SOURCE Infosys View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
2 days ago
- Business
- Cision Canada
Infosys outlines a bolder ESG Vision 2030; Aspires to become climate positive in 2030, expands global skilling and livelihood commitments
BENGALURU, India, June 4, 2025 /CNW/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced an update to its Environmental, Social and Governance (ESG) Vision for 2030. This update is part of Infosys' continuing ESG commitments, first articulated in 2020 and now renewed with bolder aspirations. The ESG Vision 2030's broad areas of focus are climate change, water and waste management, digital skilling and employability, nurturing workplace inclusivity, amplifying communities, employee wellness and workplace experience, along with corporate governance, data privacy and information management. Salil Parekh, Chief Executive Officer, Infosys, said, "At Infosys, our ESG 2030 roadmap isn't just a commitment, it is our blueprint for pioneering responsible business leadership, in a rapidly changing world, through being sustainable, socially responsible, and exemplary in governance. As we've made progress on our ESG aspirations, our vision for the future has grown bolder too. This is reflected in the updates that we have made to the Infosys ESG Vision 2030. What remains unchanged is our continued commitment to be a well-governed organization living its purpose to amplify human potential and create the next opportunity for people, businesses, and communities." Highlights of Infosys' ESG Achievements: Achieved carbon neutrality for the sixth consecutive year in FY25 Increased 4.3 billion liters in water holding capacity through 11 lake rejuvenation projects across India over FY24 and FY25 More than 125 million lives empowered via TechForGood programs in e-governance, healthcare, and education. Reached 13.3 million people through digital skilling initiatives Infosys was recognized among the World's Most Ethical Companies by Ethisphere for the fifth consecutive year First India-headquartered company to receive Binding Corporate Rules (BCR) approval from EU data protection authorities Highlights of Updated ESG Goals: Achieve climate positive in 2030, by implementing initiatives across Scope 1, 2 and 3 GHG emissions to reduce our own carbon footprint. Aims to sequester more carbon from the atmosphere, than emissions and move beyond Net Zero. Remain carbon neutral till 2029. Extend digital skills to empower 18 million plus people, including employees, clients' workforce, students, teachers, and communities, and enable employment opportunities for 500,000 plus people. Amplify Communities - Transform and create sustainable communities through Tech for Good initiatives, job creation and CSR efforts, including employee volunteering, healthcare interventions and women's empowerment. Continue to bring interests of all stakeholders to the fore through an empowered, diverse, and inclusive Board. Shape and embrace leading data privacy standards across the various geographies of business operations and be the industry leader in information security practices. To learn more about Infosys' ESG efforts around the world and ESG related aspirations, see the latest Infosys ESG Report 2024-25. About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
The Hindu
3 days 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.
Time of India
3 days ago
- Business
- Time of India
Rohit Kapoor on Swiggy's food delivery slowdown; Group life insurance gains traction
Rohit Kapoor on Swiggy's food delivery slowdown; Group life insurance gains traction Want this newsletter delivered to your inbox? Also in the letter: Pushing value meals and 10-min food delivery to revive growth: Swiggy's Rohit Kapoor What's happening: Expanding delivery-friendly categories Drawing low-frequency users into the fold with value bundles Scaling 10-minute deliveries via its Bolt platform By the numbers: Swiggy's food delivery GOV grew 17.6% YoY in Q4 Bolt now accounts for 12% of Swiggy's delivery volumes Food delivery covers around 700 cities; density, not geography, is now the focus Also Read: Why it matters: On restaurant partners: Also Read: New-age life insurance firms tap group products to boost business Driving the news: Acko has written life insurance premiums worth Rs 63 crore. Go Digit has crossed Rs 1,000 crore. CreditAccess has processed close to Rs 200 crore in life insurance premiums. Different paths: Beyond the numbers: It allows for quick ramp-up in premium volumes It helps test systems and processes for corporate sales, ahead of a retail push. It ensures a smoother claims settlement experience for customers. Challenges remain: Trust takes longer to build in life insurance Higher ticket size products need more persuasion and often, physical intermediation. Claims settlement is complex and often requires last-mile human support Also Read: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Krutrim finds few takers for its LLMs and cloud products Driving the news: Founders cited poor documentation as a key issue with Krutrim's products. They also flagged a lack of technical maturity. Many startups continue to prefer established hyperscalers like Google Cloud and Amazon Web Services. More than 20 employees have exited the company since 2024. Tell me more: Also Read: ETtech Done Deals Udaan closes latest funding round at $114 million: Round details: Furniture retailer Pepperfry raises Rs 43 crore: Wealthtech startup Stable Money raises $20 million: Other Top Stories By Our Reporters Tata Electronics eyes Malaysia foray via chip fab acquisition: Infosys paid CEO Salil Parekh Rs 80.62 crore as salary in FY25: Nykaa shares drop over 5% despite strong Q4 performance: Tesla unlikely to make in India: All you need to know | Global Picks We Are Reading Happy Tuesday! As the food delivery market cools, aggregators are scrambling to find growth avenues. This and more in today's ETtech Morning Dispatch.■ Krutrim AI's uptake struggles■ ETtech Done Deals■ Tata Electronics' Malaysia forayRohit Kapoor, CEO (food marketplace), SwiggyAs the food delivery market cools, Swiggy is turning to quick meals , affordable combos, and deeper city penetration to stoke an exclusive interview with ET, Swiggy's food marketplace CEO Rohit Kapoor said growth will now come from low-frequency users and category innovation, not merely from city expansion. He also called for a more open dialogue between platforms and restaurants on is focusing on three key growth drivers in food delivery:With quick commerce eating into food delivery profits, Swiggy and Zomato are under pressure to revive their core businesses. Kapoor says there's latent demand to tap — but unlocking it depends on restaurant supply, better aggregator-partner dynamics, and faster ties with restaurant partners have been strained in recent years over the commissions rates. Kapoor acknowledged the need for more conversation, but argued the current narrative often overlooks the larger economic shift aggregators have Go Digit and CreditAccess, three new age life insurance players licensed in 2023, have completed their first full financial year in FY25. Industry data shows that in their initial phase, all three have leaned heavily on group insurance policies to drive early sourced from the Life Insurance Council reveals sharp contrasts in their premium Digit continues to scale rapidly in general insurance, while Acko is betting on a digital-first, direct-to-consumer model to disrupt traditional trends suggest that the trio have focused on employer-employee group life products and credit-linked insurance policies. Why this strategy?While these players made waves in general insurance, industry insiders say life insurance will be a tougher battleground. Why is that?ETtech Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship Aggarwal, founder, KrutrimIn a setback to Bhavish Aggarwal and the broader Indian AI ambitions, several founders and investors told ET that Krutrim large language models (LLMs) and cloud offerings have received a lukewarm response from the the AI venture backed by the Ola group, became India's first AI unicon in 2024, after raising $50 million at a $1 billion valuation . But the company has since faced product roadblocks and leadership offers a chatbot and cloud services, but usability issues persist. Two founders reported difficulties simply logging into the chatbot. Similar issues surfaced with Krutrim AI model also suffers from high latency, which refers to response time, deterring potential users. In tests reviewed by ET, Krutrim's AI chatbot took 41 seconds to generate a response to a single prompt. In contrast, ChatGPT-4o and DeepSeek responded in under 10 Gupta, CEO, UdaanB2B ecommerce platform Udaan has raised $114 million in a fresh funding round led by existing investors, M&G Prudential (UK) and Lightspeed Venture round closed at a flat valuation of $1.8 billion and includes the previously disclosed $75 million investment from the same two investors, which founder and CEO Vaibhav Gupta announced at a town hall earlier this furniture and home goods company Pepperfry has raised Rs 43.3 crore from existing investors Norwest Venture Partners, Goldman Sachs, General Electric Pension Trust, Growth Equity Opportunity Fund, and Panthera Growth Partners, among startup Stable Money, which provides digital fixed-return investment products, has raised $20 million (Rs 173 crore) in a funding round led by Infosys cofounder Nandan Nilekani's Fundamentum Electronics is in talks with several global semiconductor companies including X-Fab, DNeX and Globetronics to acquire a fabrication or outsourced semiconductor assembly and test (OSAT) plant in IT major Infosys chief executive officer (CEO) Salil Parekh received a 22% rise in his annual compensation to Rs 80.6 crore for the fiscal year 2024-25 ending March, the company's annual report of Nykaa parent FSN E-commerce declined as much as 5.11% to 192.85 a piece during Monday's trade. The scrip closed 4.33% lower at Rs 194.45 per share, compared to a 0.09% decline in the benchmark Sensex. The counter opened 1.1% lower at Rs 201, against the previous closing of Rs 203.25 on the vehicle maker Tesla, helmed by Elon Musk, is not keen on manufacturing in India despite the government wooing it aggressively through policy incentives.■ A Neuralink rival just tested a brain implant in a person ( Wired ■ 'Humanity deserves better': Jony Ive and Laurene Powell Jobs on tech's next chapter ( FT ■ This giant microwave may change the future of war ( MIT Technology Review
News18
3 days 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
