The 39-year-old, the fifth child of an illiterate labourer couple and only the second of their eight to be educated, now helms various ventures that bring in a turnover of between Rs 75 crore and Rs 90 crore.
Analysts say no pressure on new CEO for immediate results.
It has replacements ready even for senior managers, in case someone quits.
Sources said the promotions, most of those on the delivery side of the business, would be handed out before October.
Rajeev Mehta, chief executive for IT services, believes this is due to a few client-specific issues, saying the overall business environment continues to look good.
Even as Microsoft has seen exponential growth for its cloud platform Azure in India, the firm has not yet set up local servers.
Infosys Chief Executive Officer-designate Vishal Sikka might be new to Indian information-technology (IT) services business, but his past credentials were enough for the company's shareholders to offer him a warm welcome at an Extraordinary General Meeting (EGM) that was called to seek approval for his appointment, among other things.
Wipro, has set up a venture capital (VC) fund that will look at investing in early-to-middle stage technology start-ups globally.
We won't see a bigger decline in mining going forward, but it might remain flat in July-August 2014.
To hire 300 graduates in those regions in FY15; moves staff with strong tech skills into sales.
Fanfare of FIFA World Cup 2014 travels continents as Indian techies root for the tournament
Experts believe it is extremely important for Sikka to connect with employees to gain acceptance at Infosys, which has had home-grown leaders so far.
Launches cloud-based version of solution to target mid-size clients in life sciences.
VMUnify, incubated from staffers' idea, to be spun off into an independent company.
Calling Infosys' performance in 2013-14 "stellar", "laudable" and "creditable", the co-founder said the task ahead was "simple to state": Achieve sector-leading growth.
During the year, he received a total compensation of $1.3 million (Rs 7.8 crore), including a salary of $844,453, bonus and incentives of $281,415 and other compensation of $154,143.
An interview with Sridhar Ramaswamy,Senior vice-president, ads and commerce, Google.
Wipro may not see good growth in APAC regions in ensuing quarters.
Firm evaluating options, could spend over $400 million.
IT firm iGate is planning to revamp its go-to-market strategy
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