For the financial year 2022-23, Infosys Chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services rendered to the company.
The break-up of the remuneration includes fixed salary – base salary, retiral benefits, total fixed salary, bonus/ incentives/ variable pay, perquisites on account of stock options exercised, and commission.
The company has just recently published its annual report for the fiscal year which will finish on March 31, 2023. CEO Salil Parekh’s total salary has been reduced for the financial year 2022-23.
Salil Parekh, Chief Executive Officer, and Managing Director said, “With the changing economic environment, we positioned our Company to work with clients for their digital transformation as well as their cost efficiency and
automation programs, enabling us to support them in two critical areas of interest.”
“We have developed a strong set of capabilities in generative artificial intelligence to enhance how we enable our clients to derive value. These capabilities are available to all our clients in the form of Infosys TopazTM. Our Cobalt capabilities for the cloud continue to resonate with our clients”, he added.
He further added, “Our platforms, including Finacle for banks, McCamish for insurance, Equinox for commerce, and Helix for healthcare, are creating a strong impact with clients. During the year, we were recognized by Brand Finance among the top three most valuable IT services brands globally. We continue to deepen our engagement with our clients.”
In the past few quarters, The company has seen dealing with global economic challenges, inflation, interest rate increases, and changes in the demand environment for companies in various industries.
The company’s strength in digital, cloud, and in automation, along with cost-efficiency capabilities have held us in good stead. These will continue to be critical in the evolving economic environment.
The company recruited over 50,000 college graduates in the year and ended the year with over 3,40,000 employees. At the end of the year, 39% of the employees were women.
Additionally, the learning ecosystem enabled over 5.5 million learning days for the employees during the year.
