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.
Overseas investors are scared of putting money in India - and this should worry the government, says T V Mohandas Pai, Chairman, Manipal Global Education and former member of Infosys's Board of Directors.
Infosys will comply with whatever regulations and guidelines Karnataka comes up with, a top company official said on Thursday on the proposed reservations for locals in private firms in the state. Infosys employs over 3.15 lakh people at present across the globe. "We are planning to work with all the regulations of the state and central governments.
Naved Masood, former secretary in the Ministry of Corporate Affairs and Sebi board member; TV Mohandas Pai, chairman of Manipal Global Education and Dinesh Kanabar, CEO, Dhruva Advisors have ceded their position on the NSE board following end of their tenure.
Balakrishnan, Pai write to board, seek correction in 'dramatic valuation disconnect' between shares of Infosys and its peers.
'Such steps would be a barrier and something people do not want.'
Vani Kola, Karthee Madasamy, T V Mohandas Pai also invest in the media startup
"I think the people, who have been joining in the last one-two years, have a feeling of restlessness among them," T V Mohandas Pai, who is in charge of human resources at the Bangalore-headquartered Nasdaq-listed firm, said.
To attract people from tier-1 colleges IT services companies must increase payment to freshers: Mohandas Pai.
Pai, a highflier in the software giant (he is still just under 50), has a zen for cities. As human resources head of Infosys he is constantly scouting around in India for newer destinations where the company can set up shop to beat rising costs. And he is all the time benchmarking these against the worlds great cities to develop an agenda for change and betterment.
The panel would be chaired by T V Mohandas Pai, formerly a senior executive at IT giant Infosys and currently Chairman of Manipal Global Education Services Pvt Ltd, Sebi has said.
IT major Infosys Technologies Ltd on Thursday said that it would invest Rs 800 crore more during the current fiscal.
Infosys Technologies, India's second largest information technology services firm, has discontinued some of its loan schemes for employees.
The IT jobs market will, however, not be the same as it was two years ago but will also not be as bad as it was last year, Pai said, adding the fresher-lateral hiring ratio is likely to be around 65:35 per cent this year.
Infosys Technologies will soon induct two of its top executives to its board, to fill the vacancies left by the resignations of human resources and administration director Mohandas Pai and co-founder K Dinesh.
Over 100 people, including 20 senior consultants and at least six VPs, have quit Infosys in 6 months.
The committee is considering 1,300 names for this year's awards from which it is likely to select 120.
"We have to improve the institutional framework of companies... (and) need to give more powers and authority to independent directors. Also, the regulations should be enforced much faster," said Infy board member T V Mohandas Pai. Noting that the Satyam case is an aberration and unlikely to affect the domestic IT industry, Pai said the law needs to be amended to ensure that auditing standards are enforceable.
Civil society may be better off lobbying for faster liberalisation than another cumbersome institution.
Move is also aimed at increasing billing rate and margins.
Infosys Technologies, India's second-largest IT services company, has revised upwards its hiring estimate for the current financial year to 40,000 up 11 per cent from the 36,000 projected earlier as the company ramps up capacity to capitalise on emerging opportunities.
The suggested buyback price of Rs 3,850, which also is the stock's 52-week high, is at 6.7 per cent premium to the Wednesday's intra-day high price.
T V Mohandas Pai, director, Human Resources and member of the Infosys board, is upfront and brutal -- whether it's taking potshots at hallowed institutions like the IITs or IIMs or rubbishing the unrealistic aspirations of today's generation.
Infosys Technologies appears to have set out on a journey of generational change which will unravel over the next few years.
Infosys HR head T V Mohandas Pai says "senior politicians" cutting across party and geographies call Infosys' top brass to recommend their candidates. While obliging these politicians their candidates are made to go through internal tests and "are hired only if they clear and satisfy our requirements."
India's second-largest information technology services provider, Infosys Technologies, has applied for a mere 405 visas till date for financial year 2009-10 - its lowest application count in recent years.
Are Indian promoters ready to give up control and hand over the company to their professional managers?
Training a person for 16 weeks (4 months) in the US costs something like $50,000 (around Rs 21.25 lakh). However, the education system is much better in the US. So we provide short-term training courses of about 15 days for new recruits there
There's a churn in Infosys' highest paid senior executives' list for financial year 2007-08, with Nandan Nilekani, S Gopalakrishnan and S D Shibulal conspicuously missing from the top five.According to a filing by IT bellwether to the US Securities and Exchange Commission, B G Srinivas, Ashok Vemuri and T V Mohandas Pai were the highest paid executives in FY08.
The IT major has earmarked $4 million for this purpose.
Their investments in start-ups exceed Rs 1,000 crore at present.
The company, which hired around 27,000 last financial year, will hire more this time on the back of a positive outlook for the overall economy.
The software major has plans to invest Rs 500 crore at Kolkata campus that will create employment for 5,000 professionals. The company is yet to get possession of 90 acres of land assured by the state government. West Bengal Chief Minister Buddhadeb Bhattacharjee on Thursday said that Infosys had shown apprehension about investing in the state following recent incidents in Singur where Trinamool Congress has been agitating against acquisition of farmland by the state governme
Infosys, the country's third largest software firm, on Thursday said it was undecided on going ahead with investment plans in West Bengal, where socio-political opposition has thrown Tata Motors' Nano project into uncertainty.
While as many as 3,000 IT professionals were now busy working at the first Infosys project in the state, he said about 5,000 workers would get placement in its second project.
