Infosys CEO Salil Parekh believes AI will reshape India's IT pyramid model, creating more opportunities than job losses. The company is adapting hiring and training to integrate AI, seeing a $300 billion market. While the shift to a specialized talent structure will be gradual, Infosys is encouraging AI token usage to drive client growth and efficiency.
Infosys CEO Salil Parekh anticipates AI will transform India's four-decade-old IT talent pyramid model, creating new opportunities while requiring more specialized skills. The IT major sees a $300 billion addressable market for AI services and is adapting its hiring and training to integrate AI tools, having recruited 20,000 college graduates last year with similar plans for this year. Parekh emphasized that while large-scale structural changes will take time, the company is focusing on client outcomes rather than intermediate measures like token usage.
Infosys has approved equity-based compensation worth Rs 51.75 crore for CEO Salil Parekh, including Rs 34.75 crore under annual performance plan, Rs 2 crore linked to ESG targets, Rs 5 crore tied to TSR, and Rs 10 crore under 2019 stock ownership plan. The IT major reported a 20.8% rise in Q4 FY26 net profit to Rs 8,501 crore, with revenue increasing 13.4% to Rs 46,402 crore. Shares closed 2.9% lower at Rs 1,231.80.
Infosys board is set to discuss leadership transition with CEO Salil Parekh (61) expected to receive a two-year extension beyond his March 2027 term end due to superannuation norms. The normal retirement age at Infosys is 60. The extension aims to ensure smooth succession planning and avoid management upheaval similar to previous CEO changes. Under Parekh's leadership since January 2018, Infosys' market cap has surged to Rs 5.44 lakh crore from Rs 520 to Rs 1,314.50 per share. The company faces AI-spawned disruptions that have reduced valuations by over 25% from peaks.
