Pavin Rao, a 28-year company veteran, to be second-in-command at Infosys.
The $140-billion Indian IT market is facing challenges on multiple fronts including stricter visa regime in key markets and shortage of skilled manpower for new technology areas like data science.
Lower numbers signal that that companies, especially the technology services firms, are steadily reducing the dependency on non-immigrant visas.
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.
'Young people are digital natives.' 'Hence, their ability to learn coding and to become a full stack engineer is far more.' 'The demand for such people is more as we feel that if we hire people from campuses, we can train them to become what we want.'
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.
At the end of Q1, Infosys had 1,79,523 employees.
Revenue rose 23.4 per cent to Rs 1,655 crore
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.
Infosys has already hired 20 such talent.
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.
CEO probable says the new role as president could not have come at a better time
To hire 300 graduates in those regions in FY15; moves staff with strong tech skills into sales.
Vishal Sikka who was made vice-chairman till his successor was appointed, also quit the board with immediate effect.
Infosys on Friday posted a 3.5 per cent rise in quarterly net profit, lagging analyst estimates.
CEO Vishal Sikka's strategy is in line with focus on academic research in new technologies.
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.
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.
Pravin Rao says firms with revenue of $600-700 millon will be preferred.
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
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U B Pravin Rao explains how the company is executing the strategy.
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