Pai argued that at a time when the salary for entry level software engineers had not been raised in the IT industry in India for the past seven years, it was totally wrong to hike the compensation for top-level executives.
India accounted for 2.2 per cent of the revenues of Infosys.
Infosys: Sikka magic may revive double-digit revenue growth
Infosys has been making bets on automation and other high-margin services like artificial intelligence to regain some ground
After high-profile exits in the past couple of months, Infosys, the country's second largest information technology services company, has undertaken a top-level management restructuring.
This will be Infosys' first investment from its innovation fund dedicated to start-ups and emerging technologies.
March was the first full quarter for Infosys under its new CEO Salil Parekh.
While the framework of service delivery and client-focused approach remains unchanged, Nilekani's suggestions, of taking start-ups with newer technologies to clients, are being implemented.
The company's executive vice president and chief financial officer Rajiv Bansal has resigned.
At the end of Q1, Infosys had 1,79,523 employees.
Revenue rose 23.4 per cent to Rs 1,655 crore
5,565 contracts, valued at $201 billion are up for rebids across geographies and verticals by 2018.
Murthy talks about his role at the company, retirement plans and the direction in which Infosys is headed.
At a time when speculation was rife about its course after the organisational rejig last week, Infosys on Friday validated the changes, exuding strong faith in its leadership pipeline and gave a clear signal that the company was unperturbed by the slew of senior exits in the recent past.
Group of ministers to review progress every fortnight.
The Infosys saga shows how efforts to remote-control a company by its powerful promoter, even with good intentions, might hurt the entity, says Asish K Bhattacharyya.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices added 0.6% and 1.3%, respectively to touch their fresh lifetime highs.
Vishal Sikka who was made vice-chairman till his successor was appointed, also quit the board with immediate effect.
Infosys has already hired 20 such talent.
Vishal Sikka, the new chief executive officer, is in the process of internally discussing and finalising the future course of action, chief operating officer U B Pravin Rao said on Tuesday.
CEO probable says the new role as president could not have come at a better time
The culture clash isn't the only issue - most of the founders are still wary of risky bets while the new management thinks calculated aggression is necessary in the new world of business, says Shyamal Majumdar.
To hire 300 graduates in those regions in FY15; moves staff with strong tech skills into sales.
Infosys on Friday posted a 3.5 per cent rise in quarterly net profit, lagging analyst estimates.
In FY16, Infosys had 48 employees in India who were paid more than Rs 1 crore in annual compensation, as compared to 111 in FY15.
CEO Vishal Sikka's strategy is in line with focus on academic research in new technologies.
Annualised staff attrition rate at Infosys rose to a record 20.1 per cent in the September quarter.
Pravin Rao says firms with revenue of $600-700 millon will be preferred.
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
Infosys COO says, the firm is trying its best retain talent.
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U B Pravin Rao explains how the company is executing the strategy.
It is not that platforms and products are something that Infosys has not tried earlier.
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