You are here » Home » Companies ยป Company Overview » Infosys Ltd

Infosys Ltd.

BSE: 500209 Sector: IT
NSE: INFY ISIN Code: INE009A01021
BSE 00:00 | 24 Apr 2020 Infosys Ltd
NSE 05:30 | 01 Jan 1970 Infosys Ltd

Notice: Undefined property: stdClass::$market_capital_for_nse in /usr2/unibs/application/modules/live-market/views/scripts/company/bs-new-bse-nse-block.php on line 17
OPEN 674.40
PREVIOUS CLOSE 678.45
VOLUME 263300
52-Week high 847.40
52-Week low 511.10
P/E 18.20
Mkt Cap.(Rs cr) 280,370
Buy Price 660.00
Buy Qty 130.00
Sell Price 661.95
Sell Qty 40.00
OPEN 674.40
CLOSE 678.45
VOLUME 263300
52-Week high 847.40
52-Week low 511.10
P/E 18.20
Mkt Cap.(Rs cr) 280,370
Buy Price 660.00
Buy Qty 130.00
Sell Price 661.95
Sell Qty 40.00

Infosys Ltd. (INFY) - Director Report


Notice: Undefined variable: pattern in /usr2/unibs/application/modules/live-market/views/scripts/company/annual-report.php on line 72

Company director report

Dear members

The Board of Directors hereby submits the report of the business and operations of yourCompany (‘the Company’ or ‘Infosys’) along with the audited financialstatements for the financial year ended March 31 2016. The consolidated performance ofthe Company and its subsidiaries has been referred to wherever required.

1. Results of our operations

(in Rs. crore except per equity share data)

Particulars

Standalone

Consolidated

2016 2015 2016 2015
Income from software services and products 53983 47300 62441 53319
Software development expenses 32255 27828 37609 31834
Gross profit 21728 19472 24832 21485
Selling and marketing expenses 2694 2549 3431 2946
General and administration expenses 3271 2961 4281 3668
Operating profit before depreciation 15763 13962 17120 14871
Depreciation and amortization 1115 913 1266 1017
Operating profit 14648 13049 15854 13854
Other income 3009 3337 3128 3430
Profit before exceptional item and tax 17657 16386 18982 17284
Profit on transfer of business(1) 3036 412 - -
Profit before tax 20693 16798 18982 17284
Tax expense 4907 4634 5301 4911
Profit before minority interest and share in net profit / (loss) of associate 15786 12164 13681 12373
Share in net profit / (loss) of associate - - (3) (1)
Profit for the year 15786 12164 13678 12372
Surplus - opening balance 35152 30392 36483 31453
Dividend eliminated on consolidation of trust - - 28 21
Transfer from Special Economic Zone Re-investment Reserve on utilization 591 591
Deconsolidation of trust(3) - (42) - -
Amount available for appropriation 51529 42514 50780 43846
Dividend
Interim 2297 1723 2297 1723
Final 3273 3388 3273 3388
Total dividend 5570 5111 5570 5111
Dividend tax 1134 1034 1134 1034
Amount transferred to general reserve 1579 1217 1579 1217
Amount transferred to other reserve (+) - - 1 1
Amount transferred to Special Economic Zone Re-investment Reserve (2) 591 - 591 -
Surplus - closing balance 42655 35152 41905 36483
Earnings per share (EPS) before exceptional item ra(6)
Basic 55.51 51.17 59.85 54.13
Diluted 55.51 51.17 59.84 54.13
EPS after exceptional itemt5X6>
Basic 68.73 52.96 59.85 54.13
Diluted 68.73 52.96 59.84 54.13

Notes: The above figures are extracted from the standalone and consolidated financialstatements as per Indian Generally Accepted Accounting Principles (GAAP).

1 crore =10 million

(1) On April 24 2015 the Board of Directors of Infosys authorized the Companyto execute a Business Transfer Agreement and related documents with Edge Verve SystemsLimited (EdgeVerve) to transfer the business of Finode and Edge Services. Based on anenterprise valuation done by an independent valuer the business was transferred for aconsideration of Rs.3222 crore and X177 crore for Finacle and Edge Servicesrespectively. Net assets amounting to Rs.363 crore (including working capital amounting to^337 crore) have been transferred and accordingly a gain oft3036 crore has been recordedas an exceptional item.

During the year ended March 312015 based on an enterprise valuation done by anindependent valuer the business was transferred for a consideration oft 421 crore witheffect from July 12014. Net assets amounting tot 9 crore have also been transferred andaccordingly a gain oft 412 crore has been recorded as an exceptional item.

The transfer of assets and liabilities has been accounted for at carrying values anddoes not have any impact on the consolidated financial statements.

(2) The Special Economic Zone (SEZ) Re-investment Reserve has been created out ofthe profit of eligible SEZ units in terms of the provisions of Section 10AA(l)(ii) of theIncome-tax Act1961. The reserve should be utilized by the Company for acquiring new plantand machinery for the purpose of its business in the terms of the Section 10AA(2) of theIncome-tax Act 1961.

(3) Effective January 1 2015 the Infosys Limited Employees’ Welfare Trust(‘the Trust’) has been deconsolidated consequent to SEBI (Share Based EmployeeBenefits) Regulations 2014 issued on October 282014.

(4) Under the Swiss Code of Obligation a few Infosys Consulting Holding AGformerly Lodestone Holding AG) subsidiaries are required to appropriate 5% of the annualprofit to legal reserve until this equals 20% of the paid-up share capital To the extentit does not exceed one half of the share capital the general reserve may be used only tocover losses or for measures designed to sustain the Company through difficult times toprevent unemployment or to mitigate its consequences.

(5) Equity shares are at par value of ^5 per share.

(6) The Company has allotted l148472332fully-paid-up equity shares of facevalue off 5 each in June 2015 and 574236136fully-paid-up equity shares were allottedon December 2014 pursuant to a bonus issue approved by the shareholders. For the bonusissue a bonus share of one equity share for every equity share held and a stock dividendof one American Depositary Share (ADS) for every ADS held respectively has been allottedConsequently the ratio of equity shares underlying the ADSs held by an AmericanDepositary Receipt holder remains unchanged. Earnings per share (E PS) of the previousyear has been adjusted for the bonus issue in accordance with Accounting Standard (AS) 20— Earnings Per Share.

Revenues - standalone

Our total income on a standalone basis increased to 4 53983 crore from 447300 crorein the previous year at a growth rate of 14.1%. Our software export revenues aggregatedto 4 52709 crore up by 14.6% from 445993 crore in the previous year. Out of the totalrevenue 66.0% came from North America 21.8% from Europe 2.4% from India and 9.8% fromthe Rest of the World. On a standalone basis our share of revenues from all parts of theworld outside North America has decreased to 34.0% in the current year from 36.0% in theprevious year.

Revenues - consolidated

Our total income on a consolidated basis increased to 462441 crore from 453319 crorein the previous year at a growth rate of 17.1%. Our software export revenues aggregatedto 4 60818 crore up by 16.9% from 452035 crore in the previous year. Out of the totalrevenue 62.7% came from North America 23.0% from Europe 2.6% from India and 11.7% fromthe Rest of the World. On a consolidated basis our share of revenues from all parts ofthe world outside North America decreased to 37.3% in the current year from 38.5% in theprevious year.

Profits - standalone

Our gross profit on a standalone basis amounted to 421728 crore (40.2% of revenue) asagainst 419472 crore (41.2% of revenue) in the previous year. Sales and marketing costswere 5.0% of our revenue for the year ended March 31 2016 as compared to 5.4% for theyear ended March 31 2015. General and administration expenses were 6.1% and 6.3% of ourrevenues during the current year and previous year respectively. The operating profitbefore depreciation amounted to 415763 crore (29.2% of revenue) as against 413962 crore(29.5% of revenue) in the previous year. The profit before exceptional item and tax was417657 crore (32.7% of revenue) as against 416386 crore (34.7% of revenue) in theprevious year. Net profit was 415786 crore (29.2% of revenue) as against 412164 crore(25.8% of revenue) in the previous year.

Profits - consolidated

Our gross profit on a consolidated basis amounted to 424832 crore (39.8% of revenue)as against 421485 crore (40.3% of revenue) in the previous year. Sales and marketingcosts were 5.5% of our revenue for the years ended March 31 2016 and March 31 2015.General and administration expenses were 6.9% of our revenues each during the current yearand previous year. The operating profit before depreciation amounted to 417120 crore(27.4% of revenue) as against 414871 crore (27.9% of revenue) in the previous year. Theprofit before tax was 418982 crore (30.4% of revenue) as against 417284 crore (32.4% ofrevenue) in the previous year. Net profit was 413678 crore (21.9% of revenue) as against412372 crore (23.2% of revenue) in the previous year.

Capital expenditure on tangible assets - standalone

This year on a standalone basis we capitalized 42163 crore. This comprises 4945crore for investment in computer equipment 4 5 crore on vehicles and the balance of41213 crore on infrastructure.

In the previous year we capitalized 42540 crore. This comprised 4694 crore forinvestment in computer equipment 43 crore on vehicles and the balance of 41843 crore oninfrastructure.

Capital expenditure on tangible assets - consolidated

On a consolidated basis we capitalized 42379 crore including certain assets havinggross book value of 4 4 crore taken over on acquisitions during the year. During thecurrent year 41105 crore has been invested in computer equipment 4 6 crore on vehiclesand the balance of 41268 crore on infrastructure.

In the previous year we capitalized 42673 crore including assets having gross bookvalue of 422 crore taken over on an acquisition.

During the year 4778 crore has been invested in computer equipment 4 6 crore onvehicles and the balance of41889 crore in infrastructure.

Liquidity

We continue to be debt-free and maintain sufficient cash to meet our strategicobjectives. We understand that liquidity in the Balance Sheet has to balance betweenearning adequate returns and the need to cover financial and business risks. Liquidityenables us to make a rapid shift in direction if there is a market demand. We believethat our working capital is sufficient to meet our current requirements. As on March 312016 on a standalone basis we had liquid assets of 430711 crore as against 429705crore at the previous year-end. On a consolidated basis we had liquid assets of434371crore at the current year-end as against 4 32543 crore at the previous year-end. Thesefunds comprise deposits with banks and highly rated financial institutions liquid mutualfunds fixed maturity plans tax-free bonds and government bonds. The details of thetax-free bonds and government bonds are disclosed under the ‘non-current and currentinvestments’ section in the financial statements in this Annual Report.

Appropriations

Dividend

The Board in its meeting held on October 12 2015 declared an interim dividend of 410per equity share. Further the Board in its meeting held on April 152016 hasrecommended a final dividend of 414.25 per equity share for the financial year ended March31 2016. The proposal is subject to the approval of shareholders at the ensuing AnnualGeneral Meeting to be held on June 18 2016. The total dividend appropriation (excludingdividend tax) for the current year is 4 5570 crore as against 45111 crore in theprevious year. Dividend (including dividend tax) as a percentage of consolidated netprofit after tax is 49.7% as compared to 49.8% in the previous year.

The Register of Members and Share Transfer Books will remain closed on June 11 2016for the purpose of payment of the final dividend for the financial year ended March 312016 and the Annual General Meeting. The Annual General Meeting is scheduled to be heldon June 18 2016.

Bonus shares

The Company has allotted 1148472332 fully-paid-up equity shares of face value 4 5each in June 2015 to the shareholders of the Company in proportion of 1:1 andconsequently the number of shares increased from 1148472332 to 2296944664.

The Company allotted 574236166 fully-paid-up equity shares of face value 45 each inDecember 2014 to the shareholders of the Company in proportion of 1:1 and consequentlythe number of shares increased from 574236166 to 1148472332.

Particulars of loans guarantees or investments

Loans guarantees and investments covered under Section 186 of the Companies Act 2013form part of the Notes to the financial statements provided in this Annual Report.

Transfer to reserves

We propose to transfer 41579 crore to the general reserve on account of declaration ofdividend. An amount of 442655 crore is proposed to be retained in the surplus at thestandalone level.

Fixed deposits

We have not accepted any fixed deposits and as such no amount of principal orinterest was outstanding as of the Balance Sheet date.

Particulars of contracts or arrangements made with related parties

Particulars of contracts or arrangements with related parties referred to in Section188(1) of the Companies Act 2013 in the prescribed Form AOC-2 is appended as Annexure 2to the Board’s report.

Material changes and commitments affecting financial position between the end of thefinancial year and date of the report

The shareholders have approved the following resolutions through a postal ballotconcluded on March 31 2016:

• 2015 Stock Incentive Compensation Plan and grant of stock incentives to eligibleemployees of the Company under the Plan

• 2015 Stock Incentive Compensation Plan and grant of stock incentives to eligibleemployees of the Company’s subsidiaries under the Plan

• Re-appointment of Prof. Jeffrey S. Lehman as an Independent Director

• Appointment of Dr. Punita Kumar-Sinha as an Independent Director

• Re-appointment of Dr. Vishal Sikka Chief Executive Officer and ManagingDirector on the following terms and conditions:

- Base pay: An annual base salary of US$1000000 to be paid in accordance with theCompany’s normal practices and subject to withholding taxes;

- Variable pay: Annual performance-based variable pay at a target level of US$3000000 less applicable tax and subject to the Company’s achievement of fiscalyear performance targets set by the Board as described in the postal ballot;

- Stock compensation: Eligible to receive an annual grant of 1) US$2000000 of fairvalue in RSUs which vest over time (‘time-based RSUs’) subject to continuedservice and 2) US$5000000 in performance-based equity and stock options uponachievement of certain performance targets as described in the postal ballot;

- Employee benefits and paid vacation as applicable to other whole-time directors ofthe Company;

- Minimum and maximum remuneration: Should Dr. Sikka fail to achieve minimumperformance targets his remuneration as proposed will fall to US$3000000 annuallyconsisting of US$1000000 of base salary and US$2000000 of time-based RSUs. If Dr.Sikka’s performance targets are exceeded the performance-based payments for variablecomponents of his compensation (variable pay and performance equity) will be capped at150% of the target compensation for such variable components.

The details of the postal ballot result are provided in the Corporate governance reportwhich forms part of this Annual Report.

Variation in market capitalization

As at March 31

2016 2015 Increase / (decrease) in %
Market capitalization (in Rs. crore) 279837 254771 9.8
Price earnings ratio (1) 20.4 20.5 (0.5)
Percentage increase in the market price of shares in comparison with the last public offer price(2) 656600

Notes: Data based on share prices quoted on NSE

(1) Based on consolidated Indian GAAP financial statements

(2) Last public offer price in India has been adjusted for bonus issues and stocksplit.

Management's discussion and analysis

In terms of the provisions of Regulation 34 of the Securities and Exchange Board ofIndia (Listing Obligations and Disclosure Requirements) Regulations 2015 theManagement’s discussion and analysis is set out in this Annual Report.

2. Business

Strategy

Our strategic objective is to build a sustainable organization that remains relevant tothe agenda of our clients while generating profitable growth for our investors. In orderto do this we will apply the priorities of ‘renew’ and ‘new’ to ourown business and cascade it to everything we do.

These translate to the following strategic focus areas:

Build expansive lasting relationships with our clients by delivering differentiatedmarket offerings: Our strategy is to engage with clients on their large transformativeprograms both in traditional IT areas as well as for their new digital businessinitiatives. We expand existing client relationships by providing them with a broad set ofend-to-end service offerings and increase the size nature and number of projects we dowith them. Our specific industry domain process and technology expertise allows us toenable clients to transform their businesses with innovative strategies and solutions.Through our transformation service offering which we call ‘Aikido’ we help ourclients address key aspects of their business. Our ‘Ai’ offering a result ofour investments in building intellectual property helps clients leverage software-basedplatforms to dramatically boost productivity and to deliver next-generation experiences totheir customers. Our ‘Ki’ offering captures the know-how of existing clienttechnology landscapes which we then leverage for process improvements and transformation.With our ‘Do’ offering which incorporates Design Thinking concepts we helpclients identify and prioritize their most significant problems and solve them in rapiditerative and innovative ways. We offer an end-to-end suite of high-qualityhighly-responsive and innovation-led services spanning business consulting IT servicessoftware platform-based services and business process management. This enables us topartner with our clients on large multi-year engagements.

Through our Zero Distance program we help our clients innovate and derive more valuefrom their projects. Zero Distance is the process of everyday innovation at Infosyswhereby all employees are expected to innovate in their individual capacities and throughtheir individual jobs. Zero Distance has a three-fold emphasis: to reduce the gap betweenus and the code we write the gap between us and our clients and the gap between us andthe ultimate end-user.

We also plan to acquire new clients and increase our presence in new geographies andmarket segments by investing in targeted business development and marketing. We willposition our brand as differentiated global and respected.

Deliver solutions and services leveraging highly cost-effective models: Our strategy isto leverage software-based automation and our Global Delivery Model to deliver solutionsand services to our clients in the most cost-effective manner while at the same timeoptimizing our cost structure to remain competitive. We are embracing artificialintelligence-based automation techniques and software automation platforms to boostproductivity of our projects. We are leveraging software process engineering andcollaboration technologies to improve process productivity.

Our Global Delivery Model provides scale quality expertise cost and time-to-marketadvantages to our client projects. The model enables us to work at the location where thebest talent is available and where it makes the best economic sense with the least amountof acceptable risk. Over the last 30 years we have developed our distributed executioncapabilities to deliver high-quality and scalable services. This scalable infrastructurecomplements our ability to deliver project components that are executed round the clockand across time zones enabling us to reduce project delivery times.

Enhance our operational processes for agility and optimal cost: We periodically assessthe effectiveness of our organization structure and processes to optimize it for alignmentwith our strategic objectives and agility. We continually evaluate criticalcross-functional processes and benchmark them with best-in-class practices to optimizecosts and enable swift and effective response to our clients. We constantly monitor andoptimize various operational parameters such as the cost and utilization of resourcesdistribution of employees around the world cost of operating our campuses and whether weare optimally realizing the efficiencies of scale.

Last year we launched our Zero Bench program. This program allows us to effectivelydeploy our un-utilized resources into internal projects. Zero Bench enables employees tofulfill their professional aspirations while at the same time helping us to improve ouremployee engagement and our operational efficiency.

Attract and retain a global diverse motivated and high-performing employee base: Ouremployees are our biggest assets. To meet the evolving needs of our clients our priorityis to attract and engage the best talent in the right locations with the right skills. Weoffer our employees challenging work assignments benchmarked compensation and acollaborative productive work environment. Our performance management system is objectiveand rewards performance. We invest substantially in employee engagement to motivateemployees and encourage social communication and collaboration.

Teaching and learning are central to the Infosys culture. Our investments in our GlobalEducation Center and in creating various learning opportunities for our employees helpthem stay abreast of new developments in software technologies spur innovation and builda lifelong career at Infosys.

We are guided by our value system which motivates our attitudes and actions. Our corevalues are Client value Leadership by example Integrity and transparency Fairness andExcellence (C-LIFE).

Pursue strategic alliances and acquisitions: We leverage alliances that complement ourcore competencies. We partner with leading technology software and hardware providers increating deploying integrating and operating business solutions for our clients. We havealso expanded the scope of our collaborations to encompass universities and researchorganizations.

We will deploy our capital in making selective business acquisitions that augment ourexpertise complement our presence in certain market segments and accelerate the executionof our strategies.

We have an innovation fund with an outlay of US $500 million to tap into innovationnetworks of early-stage companies and universities to gain access to new thinking andbusiness models.

Organization

Our go-to-market business units are organized as follows:

• Financial Services

• Manufacturing

• Retail CPG and Logistics

• Energy Utilities Communications and Services

• Hi-tech

• Life Sciences Healthcare and Insurance

• China

• Japan

• India

• Infosys Public Services

Our service delivery is organized as horizontal centers of excellence:

• Infosys Global Consulting

• Global Delivery

- Enterprise Solutions

- Infosys Digital

- Enterprise Mobility

- Application Development Services

- Application Management Services

- Application Modernization Services

- Independent Validation Solutions

- Data and Analytics

- Engineering Services

- Cloud and Infrastructure Services

- Infosys Center for Emerging Technology Solutions

• Products

- Finacle

- EdgeVerve

• Platforms

- Panaya

• Skava

• Infosys BPO

Client base

Our client-centric approach continues to bring us high levels of client satisfaction.We derived 97.1% of our consolidated revenues from repeat business this fiscal. We alongwith our subsidiaries added 325 new clients including a substantial number of largeglobal corporations. Our total client base at the end of the year stood at 1092. Theclient segmentation for the current and previous years on a consolidated basis is asfollows:

Clients 2016 2015
1 million dollar + 558 529
5 million dollar + 268 244
10 million dollar + 177 159
25 million dollar + 88 83
50 million dollar + 52 47
75 million dollar + 31 29
100 million dollar + 14 15
200 million dollar + 6 4
300 million dollar + 1 -

Infrastructure

We added 19.67 lakh sq. ft. of physical infrastructure space during the year. The totalavailable space as on March 31 2016 stands at 423.35 lakh sq. ft. The number of marketingoffices as on Match 31 2016 was 85 the same as the previous year.

Infosys Innovation Fund

We have an innovation fund with an outlay of US $500 million to tap into innovationnetworks of early-stage companies and universities to gain access to new thinking andbusiness models.

Through the Infosys Innovation Fund we have invested in six start-ups this year.

Subsidiaries and associates

We along with our subsidiaries provide consulting technology outsourcing andnext-generation services. At the beginning of the year we had 13 direct subsidiaries 29step-down subsidiaries and one associate. As on March 31 2016 we have 16 directsubsidiaries 30 step-down subsidiaries and one associate.

During the year the Board of Directors (‘the Board’) reviewed the affairs ofthe subsidiaries. In accordance with Section 129(3) of the Companies Act 2013 we haveprepared consolidated financial statements of the Company which forms part of this AnnualReport. Further a statement containing the salient features of the financial statement ofour subsidiaries in the prescribed format AOC-1 is appended as Annexure 1 to theBoard’s report. The statement also provides the details of performance and financialpositions of each of the subsidiaries.

In accordance with Section 136 of the Companies Act 2013 the audited financialstatements including the consolidated financial statements and related information of theCompany and audited accounts of each of its subsidiaries are available on our websitewww.infosys.com. These documents will also be available for inspection during businesshours at our registered office in Bangalore India.

During the year investments were made in the following subsidiary and newacquisitions:

• EdgeVerve Systems Limited (EdgeVerve): On April 24 2015 the Board of Directorsof Infosys authorized the Company to execute a Business Transfer Agreement and relateddocuments with EdgeVerve to transfer the business of Finacle and Edge Services. Post therequisite approval from shareholders through postal ballot on June 4 2015 a BusinessTransfer Agreement and other related documents were executed with EdgeVerve to transferthe business with effect from August 1 2015. The Company has undertaken an enterprisevaluation by an independent valuer and accordingly the businesses were transferred for aconsideration of Rs. 3222 crore and 4177 crore for Finacle and Edge Servicesrespectively. The consideration was settled through the issue of 850000000 equityshares amounting to Rs.850 crore and 254900000 non-convertible redeemable debenturesamounting to Rs. 2549 crore in EdgeVerve post the requisite approval from shareholderson December 112015. The transfer of assets and liabilities was accounted for at carryingvalues and did not have any impact on the consolidated financial statements.

• Kallidus Inc. and Skava Systems Pvt. Ltd. (Kallidus): On June 2 2015 Infosysacquired 100% of the voting interests in Kallidus Inc. (d.b.a Skava) (Kallidus) aleading provider of digital experience solutions including mobile commerce and in-storeshopping experiences to large retail clients and 100% of the voting interests of SkavaSystems Private Limited India an affiliate of Kallidus. The business acquisition wasconducted by entering into a share purchase agreement for a cash consideration of US$91million (approximately 4 578 crore) and a contingent consideration of up to US $20 million(approximately Rs. 128 crore on acquisition date) the payment of which is dependent uponthe achievement of certain financial targets by Kallidus over a period of three yearsending on December 31 2017.

• Noah Consulting LLC (Noah): On November 16 2015 Infosys acquired 100%membership interest in Noah Consulting LLC a leading provider of advanced informationmanagement consulting services for the oil and gas industry. The business acquisition wasconducted by entering into a share purchase agreement for a cash consideration of US$33million (approximately T216 crore) and a contingent consideration of up to US $5 million(approximately Rs.33 crore on acquisition date) and retention bonus of up to US$32 million(approximately Rs.212 crore on acquisition date) referred to as retention bonus payableto the employees of Noah at each anniversary following the acquisition date over the nextthree years subject to their continuous employment with the Group at each anniversary.The payment of contingent consideration to the sellers of Noah was dependant upon theachievement of certain financial targets by Noah for the years ended December 31 2015 andDecember 31 2016. During the year ended March 31 2016 based on the assessment of Noahachieving the targets for the respective periods the entire contingent consideration wasreversed.

Products

EdgeVerve Systems Limited a wholly-owned subsidiary of Infosys develops innovativesoftware products and offers them on premise and on the cloud. Our products helpbusinesses develop deeper connections with stakeholders power continuous innovation andaccelerate growth in the digital world. We power our clients’ growth inrapidly-evolving areas like banking interactive commerce distributive trade creditservicing customer service and enterprise buying.

Today EdgeVerve products and platforms are used by global corporations acrossindustries such as financial services insurance retail and CPG life sciencesmanufacturing and telecom. Our solutions are available in two broad categories - Edgesuite and Finacle.

Finacle our universal banking solution suite is the choice of financialinstitutions across 92 countries and serves over 839 million bank customers. Finaclesolutions address the core banking e-banking mobile banking CRM payments treasuryorigination liquidity management Islamic banking wealth management and analytics needsof financial institutions. Finacle solutions are consistently rated as a leader in themarket by top industry analysts and is proven to be the most scalable banking platformglobally.

Platforms

An important part of our strategy is the creation of the ‘Infosys Platform’which consists of the Infosys Information Platform (IIP) and the Infosys AutomationPlatform CLAP). Our platforms leverage open source software components and / or ourproprietary software products all of which can be deployed in the public or private cloudor on the customer’s premise.

• IIP: Our IIP helps enterprises embark on their Big Data journey by providing acompelling price-performance ratio in data processing while also enabling them to takeadvantage of innovations happening in the open source community. IIP is based on anassembly of tested open source components and offers rapid deployment as a base for abroad variety of industry-specific scenarios.

• LAP: Our LAP which was built on top of IIP enables improved efficiencies in IToperations. LAP helps ensure business outcomes by monitoring and analyzing in nearreal-time the health of all layers of IT systems including business processesapplications and infrastructure leveraging stream processing and Big Data technologies.IAP aims to predict issues using knowledge models machine learning algorithms andpredictive analytics and prevent business disruptions through proactive interventions. IAPautomates repetitive tasks in IT operations and leverages advanced capabilities likenatural language processing and artificial intelligence.

• Panaya: Panaya an Infosys company is a leader in ERP change analytics andcloud-based enterprise software testing. The Panaya CloudQuality™ Suite disrupts therisk time and costs required to deliver all types of SAP and Oracle EBS changes.Powered by Big Data analytics and aggregating since 2008 Panaya CloudQuality™ Suitedelivers insights that tell organizations what will break how to fix it and what to test.It is constantly improving and finding smarter ways to perform everything from day-to-daymaintenance to major projects.

Skava

Skava an Infosys company powers the next generation of digital transformation forleading retailers worldwide by delivering the most versatile technology platform in theindustry. Skava enables digital shopping experiences for global brands across mobiletablet desktop in-store and all emerging channels.

Open Source

OSSmosis the Infosys Open Source program was set up with an objective of‘nurturing innovation through Open Source adoption and contribution’. Throughthis program over 25000 employees have been trained on key Open source technologies; 12key communities of practices including BigData and DevOps have been setup; new andexisting partners are engaged for enablement joint solutions and go-to-market. Over 100key contributors have been contributing to forums like Spark Selenium Jenkins etc.Infosys’ POV on Open Source (https://www.infosys.com/information-platjorm/Documents/OSSmosis-open-source-joumey.pdf) was acknowledged by several clients and executives.

Quality

We continue our journey of delivering value to our clients through significantinvestments in quality programs. While sustaining existing external benchmarks andcertifications we have added new certifications and further enhanced our programs andinitiatives to renew our commitment to the culture of quality client value innovationand productivity improvement.

We continue to adhere to international quality standard certifications such as ISO9001 ISO 22301 ISO 20000 ISO 27001 AS EN 9100 ISO 13485 TL 9000 SV OHSAS 18001 andISO 14001. We have received an independent auditors’ assurance report on complianceto ISAE 3402 / SSAE16 and a certification of compliance on PCIDSS V 3.0 for Infosys BPOLimited. We also get assessed at CMMi Level 5. According to the Process Maturity Profilepublished by the CMMi Institute of Carnegie Mellon University in December 2015 only 7% of12691 organizations globally are operating at Level 5 which is the highest level ofprocess maturity.

Our Quality department handles large change management initiatives to drive quality andproductivity improvements across the Company using various techniques such as Six SigmaLean methodology and engineering levers like Reuse Automation and Tools.

Our Quality department partners with business units to help implement and sustain theZero Distance program an initiative to infuse grassroots innovation across all ourprojects and effectively measure benefits to the client and ensure substantial clientimpact. We continue to fine-tune our Client Value Survey to capture the voice of ourcustomers and to assess client expectations as an ongoing process. The data that iscollected is analyzed around satisfaction advocacy loyalty fulfillment and value formoney and helps us draw action plans to improve client experience.

Branding

The Infosys brand is a key intangible asset of the Company. It positions Infosys as thenext-generation services company that would help enterprises renew themselves while alsocreating new avenues to generate value. Brand Infosys is being built around the premisethat software in a very fundamental way is reshaping the world around us. And because ofthis there is a duality that every business faces - on the one hand the need to renewexisting systems to improve their effectiveness with new technologies and innovation andon the other hand the need to deliver completely new kinds of services and new solutionsin new ways using next-generation technologies. Infosys helps its clients achieve thisdual agenda in a culture of learning and innovation at the grassroots level. The wayInfosys connects with its clients builds out great ideas and creates value frominnovations is called Zero Distance - describing its approach to operating at theintersection of desirability feasibility and viability.

Our marketing reach extends globally through advertisements public relations anddigital marketing initiatives. We participate in premier business and industry eventsaround the world. We also organize signature events and roundtables across geographies.‘Confluence’ our flagship client event is consistently well-attended and ratedhighly by our clients and industry partners.

Awards and recognition

In fiscal 2016 we were conferred multiple awards and recognition both internationaland national. The major ones among them are listed as follows:

Business and management

• We won the ‘Corporate Citizen of the Year Award’ at the Economic TimesAward 2015.

• The Institute of Company Secretaries of India honored us with the certificate ofrecognition for adopting exemplary corporate governance practices at the National Awardsfor Excellence in Corporate Governance.

• Our Annual Report 2014-15 received the Gold award in the IT category at theLeague of American Communications Professionals Vision Awards 2014. In the Asia-Pacificregion category we were featured among the top 50 reports while the letter to theshareholder was adjudged the ‘Best Shareholder Letter’.

• We were ranked among Asia’s Most Admired Brands of 2014 by World Consulting& Research Corporation a leading brand rating and ranking company.

Banking

• Infosys Finacle has been named a leader by Forrester Research Inc. in TheForrester Wave™ : Mobile Banking Solutions Q4 2015 report and in The ForresterWave™: Omnichannel Banking Solutions Q3 2015 report.

• We were positioned as a Leader and Star Performer in 2015 Banking ApplicationOutsourcing PEAK Matrix™ by Everest.

• We received the Highest Product Score in ‘Gartner Critical Capabilities forInternational Retail Core Banking’ Report. Finacle emerged as the leading solutionwith the highest scores across all the use-cases presented.

ERP services

• We won the 2015 Oracle Excellence Award for the strategic focus areas of SaaSand PaaS and Specialized Partner of the Year North America for CX Cloud as well asPaaS.

• We were positioned as a Leader in Gartner’s Magic Quadrant for OracleApplication Management Services as well as for SAP Implementation Services Worldwide2015.

Technology innovation

• We were recognized as one of the ‘most relevant’ service providers fordigital strategy in North America by the Everest Group in a report titled ‘NorthAmerica Digital Adoption Survey - How Pervasive is Your Digital Strategy ?.’

• IDC Energy Insights a leading market intelligence and advisory services firmpositioned Infosys as a ‘major player’ for providing professional services tothe oil and gas industry.

• We were positioned as a Leader in Gartner’s Magic Quadrant for ApplicationTesting Services Worldwide 2015.

• We were rated as ‘Leaders’ in the Forrester Global Wave for WorkplaceTransformation.

• We were positioned as a ‘Major Player’ in the IDC MarketScape onMicrosoft implementation services.

• The IDC MarketScape report ‘Worldwide Manufacturing PLM StrategicConsulting 2015 Vendor Assessment’ positioned Infosys as a ‘Leader’ inproviding manufacturing product lifecycle management (PLM) strategicconsulting.Sustainability awards

• We were awarded the Leadership in Energy and Environment Design (LEED) IndiaPlatinum rating for two of our buildings in Pune and Bangalore.

• At The Energy Award London we won the Innovative Technology of the Year award.

• Infosys was placed third in the Industrial Water Use Efficiency category at theFederation of Indian Chambers of Commerce and Industry Water Awards.

• We received the NDTV Property Award under the Most Environment-FriendlyCommercial / Office Space category.

• We also won the Golden Peacock Award under the Corporate Award forSustainability - India category.

• The Solar Energy Global Conference and Awards recognized Infosys under fourcategories: Best Company for Commercial Rooftop Installations Best Company forSustainability in Solar Energy Company of the Year and Best Company for GreenInitiatives.

For the complete list of awards and recognition won by Infosys refer tohttps://www.infosys.com/about/awards

3. Human resources management

We have set up a scalable recruitment and human resources management process. Over thelast year on a standalone basis we received 1115745 applications from prospectiveemployees. The Infosys Group added 17857 (net) and 52545 (gross) employees this yeartaking (he total strength to 194044 from 176187 at the end of the previous year.

On a standalone basis the attrition rate for fiscal 2016 stands at 13.6% compared to18.9% for the previous year.

Human resources management at Infosys goes beyond the set boundaries of compensationperformance reviews and development. We look at the employee’s entire lifecycle toensure timely interventions that help build a long-lasting and fruitful career. With thisin mind we initiated several positive changes in our HR practice this year.

A large part of our focus in fiscal 2015 was on listening to employee feedback to makethe right changes. Zero Distance a movement to bring innovation to every project atInfosys facilitated by a five-point framework of innovation was an example of employeeengagement built through ground-up involvement in organizational growth and strategy.Through the year we gathered feedback from employees across all our communicationchannels and platforms including our annual employee engagement survey (LITMUS 2016).From LITMUS we identified a number of tracks to be actionized and invited employees tobe a part of these. We also worked on an exercise to identify influencer groups within theorganization whose networks could be leveraged to spread ideas of innovation andcollaboration. To ensure that employees are able to be their productive best we worked onsimplifying internal processes through a collaborative effort with various teams. Rewardsand recognition in terms of the annual awards for excellence quarterly promotions andunit awards continued.

As part of the focus on human resources development during fiscal 2016 we introducediCount the renewed performance management system. We moved away from the bell curve tofocus on individual employee contribution and continuous feedback and built aself-serviced platform to empower employees to design their own journey within theorganization.

To foster a positive workplace environment free from harassment of any nature we haveinstitutionalized the Anti-Sexual Harassment Initiative (ASHI) framework through which weaddress complaints of sexual harassment at the workplace. Our global policy assuresdiscretion and guarantees non-retaliation to complainants. We follow a gender-neutralapproach in handling complaints of sexual harassment and we are compliant with the law ofthe land wherever we operate. We have also constituted an Internal Complaints Committee(ICC) in all locations across India to consider and address sexual harassment complaintsin accordance with the Sexual Harassment of Women at Workplace (Prevention Prohibitionand Redressal) Act 2013.

The details of issues raised and resolved regarding sexual harassment of women at theworkplace are available in the Enhancing employee value section in the BusinessResponsibility Report which forms part of this Annual Report.

Talent fulfillment

We continue to improve our talent supply chain processes to maintain a consistent highutilization throughout the year and effectively support our higher growth.

In fiscal 2016 we launched an innovative program named ‘Zero Bench’ toproductively engage employees who are on bench (between client engagements) to createvaluable outcomes for the organization. Our employees can now leverage our traininginfrastructure to upgrade their skills during their bench period and also work on shortinternal projects of their choice to gain exposure hone their skills extend networkswhile delivering value.

To foster a culture of innovation and rapid problem-solving using technology welaunched the second season of the Infosys Global Hackathon. During this fiscal we alsolaunched Compass a digital platform to mobilize opportunities in careers learning andnetworks within the organization.

Education training and assessment

Learning and education are at the foundation of Infosys. Competency developmentcontinues to be a key area of strategic focus for us. During fiscal 2016 the totaltraining provided for Infoscions was over 2.12 million person days. Many of our employeesalso took external certifications creating a large pool of certified people.

To enhance the innovation quotient among the workforce we conducted the DesignThinking program which trains individuals in an empathetic customer-centric mode ofproblem-finding and problem-solving. The total number of participants benefiting from theDesign Thinking training crossed 80000 as of March 31 2016. The Design Thinking traininghas been imparted to client teams leadership teams Infoscions and fresh recruits.

Our industry-academia partnership program Campus Connect made progress through thelaunch of electives to help engineering colleges run new programs within their curricula.During fiscal 2016 we engaged with 1225 faculty members who in turn trained 40996students. With this the total number of beneficiaries covered has reached 13111 facultymembers and 371639 students from 317 engineering institutions.

Our knowledge management system set a new record by winning the Global Most AdmiredKnowledge Enterprise (MAKE) award for the 11th time Asian MAKE award for the 13th timeand Indian MAKE award for the 11th time.

Infosys Leadership Institute

The vision of the Infosys Leadership Institute (ILI) is to be recognized as a globallyrespected institution that is committed to developing leaders within Infosys. The primarypurpose of the institute is to develop and prepare senior leaders of the organization forcurrent and future executive leadership roles. ILI employs a wide range of developmentalapproaches including classroom training coaching ‘leaders teach’ andexperience-sharing sessions. Senior leaders from across Infosys and its subsidiaries arethe beneficiaries of ILI’s programs.

Particulars of employees

The ratio of remuneration of each director to the median of employees’remuneration as per Section 197(12) of the Companies Act 2013 read with Rule 5(1) of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 forms part ofthe Board’s report (Annexure 3d).

A statement containing the names of every employee posted in India throughout thefinancial year and in receipt of a remuneration of Rs. 60 lakh or more or posted for partof the year and in receipt of Rs. 5 lakh or more a month under Rule 5(2) of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 forms part of theBoard’s report (Annexure 3b). The details of employees posted outside India can bemade available on request.

Employees' stock options / Restricted stock units

2015 Stock Incentive Compensation Plan

The shareholders approved the issuance of stock incentives to the employees of theCompany and its subsidiaries under the 2015 Stock Incentive Compensation Plan (‘the2015 Plan’) in the recently concluded postal ballot on March 31 2016. The 2015 planis in compliance with the SEBI (Share Based Employee Benefits) Regulations 2014 and thedetails are also available on our website(https://www:infosys.com/investors/corporate-govemance). The purpose of the 2015 Plan isto:

• Attract retain and motivate talented and critical employees;

• Encourage employees to align individual performance with Company objectives; and

• Reward employee performance with ownership.

The 2015 Plan provides for stock incentives to eligible employees such as RestrictedStock Units (RSU) and stock options (together ‘Stock Incentives’). Subject toapplicable law and conditions for exercise eligible employees are entitled to receiveequity shares American Depositary Receipts (ADRs) or cash on exercise of the StockIncentives. The Stock Incentives vest over a period of four years from the date of thegrant or such other period as decided in the sole discretion by the Administrator. The2015 Plan shall be administered by the nomination and remuneration committee of the Boardconstituted by the Company pursuant to the provisions of Section 178 of the Companies Act2013 (‘the Administrator’). The Administrator’s decisions determinationsand interpretations will be final and binding on all eligible employees and participantsunder the 2015 Plan. Each Stock Incentive shall be evidenced by an award agreement thatwill specify such terms and conditions as the Administrator will determine includingwhether the eligible employees will get equity shares of the Company ADRs of the Companyor cash on exercise of the Stock Incentives.

The Board had in October 2015 recommended that the Company create a pool of up to 2%of the shares outstanding towards the 2015 Plan for employees of the Company. TheManagement has recommended to the Board that a budget of 1% of the shares outstanding beallocated at this time to the needs of the Plan amounting to approximately 24038883equity shares. This 1% pool includes 11223576 treasury shares of the Company that arecurrently held in trust towards the 2011 RSU Plan. Consequently an additional 12815307equity shares amounting to 0.56% of the shares outstanding will be required to be setaside for the 2015 Plan. We expect the pool of 24038883 shares to be granted over aperiod of four to seven years.

To calculate the employee compensation cost the Company uses the Fair Value Method forthe valuation of the Stock Incentives granted. The exercise price for the restricted stockunits will be equal to the par value of the shares and the exercise price of stock optionswould be market price as on the date of the grant.

The total number of equity shares and ADRs to be allotted pursuant to the exercise ofthe Stock Incentives under the 2015 Plan to the employees of the Company and itssubsidiaries shall not cumulatively exceed 24038883 equity shares (approximately 1% ofthe issued capital) of which 17038883 shares will be issued as RSUs at par value(including shares currently held under the RSU 2011 Plan amounting to 11223576 equityshares) and 7000000 will be issued as stock options at market price. The mix of RSUsoptions or other equity rights under the Plan may be adjusted in the sole determination ofthe Administrator from time to time.

In June 2015 the Company based on the recommendation of the nomination andremuneration committee made a grant of 124061 RSUs to Dr. Vishal Sikka. The grant pricewas Rs. 5 per RSU and the RSUs would vest subject to the achievement of certain keyperformance indicators as set forth in the award agreement for each applicable year of thevesting tranche and continued employment through each vesting date. Further the awardgranted to Dr. Vishal Sikka on June 22 2015 was modified by the nomination andremuneration committee on April 14 2016. There is no modification or change in the totalnumber of RSUs granted or the vesting period (which is four years). The modificationsrelate to the criteria of vesting for each of the years. Based on the modification thefirst tranche of the RSUs will vest subject to achievement of certain key performanceindicators for the year ended March 31 2016.

During fiscal 2016 Dr. Vishal Sikka exercised 10824 options and held 221505 optionsoutstanding as on March 31 2016.

The details of the employee stock options / RSU plan form part of the Notes to accountsof the financial statements in this Annual Report.

4. Corporate governance

Our corporate governance philosophy

Corporate governance is about maximizing shareholder value legally ethically andsustainably. At Infosys the goal of corporate governance is to ensure fairness for everystakeholder. We believe sound corporate governance is critical to enhance and retaininvestor trust. We always seek to ensure that our performance is driven by integrity. OurBoard exercises its fiduciary responsibilities in the widest sense of the term. Ourdisclosures seek to attain the best practices in international corporate governance. Wealso endeavor to enhance long-term shareholder value and respect minority rights in allour business decisions.

Our Corporate governance report for fiscal 2016 forms part of this Annual Report.

Board diversity

The Company recognizes and embraces the importance of a diverse board in its success.We believe that a truly diverse board will leverage differences in thought perspectiveknowledge skill regional and industry experience cultural and geographical backgroundage ethnicity race and gender which will help us retain our competitive advantage. TheBoard has adopted the Board Diversity Policy which sets out the approach to diversity ofthe Board of Directors. The Board Diversity Policy is available on our website(https://www. infosys.com/investors/corporate-govemance/Documents/board-diversity-policy.pdf). More detail on diversity is available in the Corporate governance report thatforms part of this Annual Report.

Number of meetings of the Board

The Board met eight times during the financial year the details of which are given inthe Corporate governance report. The maximum interval between any two meetings did notexceed 120 days as prescribed in the Companies Act 2013.

Policy on directors' appointment and remuneration

The current policy is to have an appropriate mix of executive and independent directorsto maintain the independence of the Board and separate its functions of governance andmanagement. On March 31 2016 the Board consists of nine members two of whom areexecutive or whole-time directors and seven are independent directors.

The policy of the Company on directors’ appointment and remuneration includingcriteria for determining qualifications positive attributes independence of a directorand other matters as required under sub-section (3) of Section 178 of the Companies Act2013 is available on our website(https://www.infosys.com/investors/corporate-govemance/Documents/nomination-remuneration-policy.pdf).There has been no change in the policy since the last fiscal year. We affirm that theremuneration paid to the directors is as per the terms laid out in the nomination andremuneration policy of the Company.

Declaration by independent directors

The Company has received necessary declaration from each independent director underSection 149(7) of the Companies Act 2013 that he / she meets the criteria ofindependence laid down in Section 149(6) of the Companies Act 2013 and Regulation 25 ofSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Board evaluation

SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 mandates thatthe Board shall monitor and review the Board evaluation framework. The framework includesthe evaluation of directors on various parameters such as:

• Board dynamics and relationships

• Information flows

• Decision-making

• Relationship with stakeholders

• Company performance and strategy

• Tracking Board and committees’ effectiveness

• Peer evaluation

The Companies Act 2013 states that a formal annual evaluation needs to be made by theBoard of its own performance and that of its committees and individual directors. ScheduleIV of the Companies Act 2013 states that the performance evaluation of independentdirectors shall be done by the entire Board of Directors excluding the director beingevaluated.

The evaluation of all the directors and the Board as a whole was conducted based on thecriteria and framework adopted by the Board. The evaluation process has been explained inthe Corporate governance report. The Board approved the evaluation results as collated bythe nomination and remuneration committee.

Familiarization program for independent directors

All new independent directors inducted into the Board attend an orientation program.The details of training and familiarization program are provided in the Corporategovernance report and is also available on our website(https://www.infosys.com/investors/corporate- govemance). Further at the time of theappointment of an independent director the Company issues a formal letter of appointmentoutlining his / her role function duties and responsibilities. The format of the letterof appointment is available on our website(https://www.infosys.com/investors/corporate-governance/Documents/appointment-independent-director.pdf).

Infosys' code of conduct for the prevention of insider trading

The Board of Directors has adopted the Insider Trading Policy in accordance with therequirements of the SEBI (Prohibition of Insider Trading) Regulation 2015 and theapplicable US Securities laws. The Insider Trading Policy of the Company lays downguidelines and procedures to be followed and disclosures to be made while dealing withshares of the Company as well as the consequences of violation. The policy has beenformulated to regulate monitor and ensure reporting of deals by employees and to maintainthe highest ethical standards of dealing in Company securities.

The Insider Trading Policy of the Company covering code of practices and procedures forfair disclosure of unpublished price sensitive information and code of conduct for theprevention of insider trading is available on our website(https://www.infosys.com/investors/corporate-govemance/Documents/insider-trading-policy.pdf)

Listing Agreement

The Securities and Exchange Board of India (SEBI) on September 2 2015 issued SEBI(Listing Obligations and Disclosure Requirements) Regulations 2015 with the aim toconsolidate and streamline the provisions of the Listing Agreement for different segmentsof capital markets to ensure better enforceability. The said regulations were effectiveDecember 1 2015. Accordingly all listed entities were required to enter into the ListingAgreement within six months from the effective date. The Company entered into ListingAgreement with BSE Limited and the National Stock Exchange of India Limited duringDecember 2015.

Policies

We seek to promote and follow the highest level of ethical standards in all ourbusiness transactions guided by our value system. The SEBI (Listing Obligations andDisclosure Requirements) Regulations 2015 mandated the formulation of certain policiesfor all listed companies. All our corporate governance policies are available on ourwebsite (https://www.infosys.com/investors/corporate-govemance/Pages/policies.aspx). Thepolicies are reviewed periodically by the Board and updated based on need and newcompliance requirement.

In addition to its Code of Conduct and Ethics key policies that have been adopted bythe Company are as follows:

Name of the policy Brief description Web link
Recoupment Policy The policy deals with the provisions if the Company restates its financial statements. It allows the Company to recover any incentive-based compensation received by an executive officer that is in excess of what would have been payable based on the restated and corrected financial statements. https: //www. infosys. com/investors/corporate- govemance/Documents/recoupment-policy.pdf
Whistleblower Policy (Policy on vigil mechanism) The Company has adopted the whistleblower mechanism for directors and employees to report concerns about unethical behavior actual or suspected fraud or violation of the Company’s code of conduct and ethics. There has been no change to the Whistleblower Policy adopted by the Company during fiscal 2016. https://www. infosys. com/investors/corporate- govemance/Documents/whistleblower-policy.pdf
Nomination and Remuneration Policy This policy formulates the criteria for determining qualifications competencies positive attributes and independence for the appointment of a director (executive / non-executive) and also the criteria for determining the remuneration of the directors key managerial personnel and other employees. https: //www. infosys. com/investors/corporate- govemance/Documents/nomination- remuneration-policy.pdf
Corporate Social Responsibility Policy The policy outlines the Company’s strategy to bring about a positive impact on society through programs relating to hunger poverty education healthcare environment and lowering its resource footprint. https://www. infosys. com/investors/corporate- govemance/Documents/corporate-social- responsibility-policy.pdf
Policy on Material Subsidiaries The policy is used to determine the material subsidiaries and material non-listed Indian subsidiaries of the Company and to provide the governance framework for them. https://www. infosys. com/investors/corporate- govemance/Documents/material-subsidiaries- po\icy.pdf
Related Party Transaction Policy The policy regulates all transactions between the Company and its related parties https: //www. infosys. com/investors/corporate- govemance/Documents/related-party- transaction-policy.pdf
Insider Trading Policy The policy provides the framework in dealing with securities of the Company. https://www. infosys. com/investors/corporate- govemance/Documents/insider-trading-policy.pdf
Corporate Policy Statement on Investor Relations The policy is aimed at providing clear guidelines and procedures for disclosing material information outside the Company in order to provide accurate and timely communications to our shareholders and the financial markets. https://www.infosys.com/investors/corporate- govemance/Documents/corporate-policy- statement-investor-relations.pdf
Policy for Determining Materiality for Disclosures This policy applies to disclosures of material events affecting Infosys and its subsidiaries. This policy is in addition to the Company’s corporate policy statement on investor relations which deals with the dissemination of unpublished price-sensitive information. The Board amended the corporate policy statement on investor relations to make it consistent with the materiality policy and conform to the U.S. regulations. https://www.infosys.com/investors/corporate- govemance/Documents/policy-determining- materiality-disclosures.pdf
Document Retention and Archival Policy The policy deals with the retention and archival of corporate records of Infosys Limited and all its subsidiaries. https://www.infosys.com/investors/corporate- govemance/Documents/document-retention- archival-polity.pdf

Directors and Key Managerial Personnel Chairman of the Board

K. V Kamath stepped down as Chairman and Independent Director of the Company effectiveJune 5 2015 consequent to his appointment as the President of the New Development Bankpromoted by BRICS nations. R. Seshasayee an independent director took over as theChairman of the Board effective June 5 2015.

Inductions

The Board made the following appointments / re-appointments based on therecommendations of the nomination and remuneration committee:

• Re-appointment of Prof. Jeffrey S. Lehman as an Independent Director of theBoard effective April 14 2016.

• Appointment of Dr. Punita Kumar-Sinha as an Independent Director of the Boardeffective January 14 2016.

• Re-appointment of Dr. Vishal Sikka as Chief Executive Officer and ManagingDirector of the Company with effect from April 1 2016.

We thank the shareholders for their support in confirming the above-mentionedappointments in the recently-concluded postal ballot on March 31 2016.

The Board on the recommendations of the nomination and remuneration committee alsoappointed:

• M. D. Ranganath as the Chief Financial Officer effective October 12 2015.

• A. G. S. Manikantha as Company Secretary effective June 22 2015. Further theBoard appointed A. G. S. Manikantha as the Compliance Officer for SEBI Listing regulationswith effect from December 1 2015.

Re-appointments

As per the provisions of the Companies Act 2013 Dr. Vishal Sikka retires by rotationat the ensuing Annual General Meeting and being eligible seeks re-appointment. The Boardrecommends his re-appointment.

Retirements and resignations

K. V Kamath resigned as Independent Director with effect from June 5 2015 consequentto his nomination as president of the BRICS New Development Bank. The Board places onrecord its appreciation for the services rendered by K. V Kamath during his tenure withthe Company. Carol M. Browner resigned as Independent Director with effect from November23 2015 due to personal reasons. The Board places on record its appreciation for theservices rendered by Carol M. Browner during her tenure with the Company.

Rajiv Bansal resigned as CFO with effect from October 12 2015. The Board places onrecord its appreciation for the services rendered by him during his tenure with theCompany.

Committees of the Board

Currently the Board has six committees: the audit committee the nomination andremuneration committee the corporate social responsibility committee the stakeholdersrelationship committee the risk and strategy committee and the finance and investmentcommittee. All committees except the corporate social responsibility committee consistentirely of independent directors. A detailed note on the composition of the Board and itscommittees is provided in the Corporate governance report section of this Annual Report.

Internal financial control and its adequacy

The Board has adopted policies and procedures for ensuring the orderly and efficientconduct of its business including adherence to the Company’s policies thesafeguarding of its assets the prevention and detection of frauds and errors theaccuracy and completeness of the accounting records and the timely preparation ofreliable financial disclosures.

Significant and material orders

There are no significant and material orders passed by the regulators or courts ortribunals impacting the going concern status and Company’s operations in future.

Extract of annual return

In accordance with Section 134(3) (a) of the Companies Act 2013 an extract of theannual return in the prescribed format is appended as Annexure 6 to the Board's report.

Directors' responsibility statement

The financial statements are prepared in accordance with the Generally AcceptedAccounting Principles (GAAP) under the historical cost convention on accrual basis exceptfor certain financial instruments which are measured at fair values. GAAP comprisesmandatory accounting standards as prescribed under Section 133 of the Companies Act 2013(‘the Act’) read with Rule 7 of the Companies (Accounts) Rules 2014 theprovisions of the Act (to the extent notified) and guidelines issued by the Securities andExchange Board of India (SEBI). There are no material departures from the prescribedaccounting standards in the adoption of these standards.

The directors confirm that:

• In preparation of the annual accounts for the financial year ended March 312016 the applicable accounting standards have been followed.

• They have selected such accounting policies and applied them consistently andmade judgments and estimates that are reasonable and prudent so as to give a true and fairview of the state of affairs of the Company at the end of the financial year and of theprofit and loss of the Company for that period.

• They have taken proper and sufficient care towards the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguarding theassets of the Company and for preventing and detecting fraud and other irregularities.

• They have prepared the annual accounts on a going concern basis.

• They have laid down internal financial controls which are adequate and areoperating effectively.

• They have devised proper systems to ensure compliance with the provisions of allapplicable laws and such systems are adequate and operating effectively.

5. Auditors

Statutory auditors

At the Annual General Meeting held on June 14 2014 B S R & Co. LLP CharteredAccountants were appointed as statutory auditors of the Company to hold office till theconclusion of the Annual General Meeting to be held in the calendar year 2017. In terms ofthe first proviso to Section 139 of the Companies Act 2013 the appointment of theauditors shall be placed for ratification at every Annual General Meeting. Accordinglythe appointment of B S R & Co. LLP Chartered Accountants as statutory auditors ofthe Company is placed for ratification by the shareholders.

The Auditors’ Report for fiscal 2016 does not contain any qualificationreservation or adverse remark. The Auditors' Report is enclosed with the financialstatements in this Annual Report.

Secretarial auditor

Parameshwar G. Hegde of Hegde & Hegde Practicing Company Secretaries wasappointed to conduct the secretarial audit of the Company for the fiscal 2016 as requiredunder Section 204 of the Companies Act 2013 and Rules thereunder. The secretarial auditreport for fiscal 2016 forms part of the Annual Report as Amexure 5 to the Board’sreport. The Secretarial Audit Report does not contain any qualification reservation oradverse remark.

The Board has appointed Parameshwar G. Hegde Hegde & Hegde Practicing CompanySecretaries as secretarial auditor of the Company for fiscal 2017.

Auditors' certificate on corporate governance

As required by SEBI (Listing Obligations and Disclosure Requirements) Regulations2015 the auditors’ certificate on corporate governance is enclosed as Amexure 4 tothe Board’s report. The auditors’ certificate for fiscal 2016 does not containany qualification reservation or adverse remark.

6. Corporate social responsibility

Infosys has been an early adopter of corporate social responsibility (CSR) initiatives.The Company works primarily through its CSR trust the Infosys Foundation towardssupporting projects in eradication of hunger and malnutrition promoting education artand culture healthcare destitute care and rehabilitation environmental sustainabilitydisaster relief and rural development projects.

As per the Companies Act 2013 all companies having a net worth of Rs. 500 crore ormore or a turnover of Rs. 1000 crore or more or a net profit of Rs. 5 crore or moreduring any financial year are required to constitute a CSR committee of the Board ofDirectors comprising three or more directors at least one of whom should be anindependent director. All such companies are required to spend at least 2% of the averagenet profits of their three immediately preceding financial years on CSR-relatedactivities. Accordingly the Company was required to spend Rs.256 crore towards CSRactivities out of which Rs. 202 crore was utilized on activities specified in ScheduleVII of the Companies Act 2013. A few of the projects undertaken are multi-year projects.In addition as part of its ongoing CSR programs the Company has spent Rs. 10 crore onChennai flood relief and rehabilitation activities and Rs. 76 crore on multiple CSRinitiatives - including environmental sustainability and conservation of natural resourcesaimed at long-term sustainability of the ecosystem - which were not covered under ScheduleVII of the Companies Act 2013. At the consolidated level the total expenditure on CSRactivities as specified in Schedule VII of the Companies Act 2013 was Rs.216 crore.

Details of the CSR policy and initiatives adopted by the Company on CSR during the yearis available on our website (https:/Zwww.infosys.com/investors/corporate-govemance/Documents/corporate-social-responsibility-policy.pdf). The annual report on our CSR activities is appended as Amexure7 to the Board’s report.

Infosys Foundation

Established in 1996 as a not-for-profit trust for social welfare activities theInfosys Foundation has grown as a pioneer and guide in implementing programs in the areasof healthcare education hunger eradication rural development disaster relief arts andculture and destitute care across India.

The highlights of the Foundation’s work in fiscal 2016 included setting up of acenter for artificial intelligence at the Indraprastha Institute of InformationTechnology Delhi help in rebuilding communities in calamity-hit Visakhapatnam andflood-affected Chennai aid in building toilets in schools in Odisha conservation of theendangered Olive Ridley turtles and partnership with Bharatiya Vidya Bhavan in 11 statesto promote underprivileged artists. The Foundation also supported the construction ofwater facility and enclosures for animals at the Bannerghatta National Park in Bangaloreand efforts to conserve India’s vast medical heritage.

The Foundation has also been relentlessly continuing its pursuits to improve healthcareand education in rural India. For more details on the Foundation’s activities referto the website https://www.infosys.com/infosys-foundation.

It is with deep gratitude that we acknowledge the efforts of our employee volunteers.We also thank the trustees of the Foundation who continue to devote their time and effortin planning guiding and monitoring its activities.

Infosys Foundation USA

Infosys Foundation USA took on a leadership role in supporting and expanding access toComputer Science (CS) and Maker education across the U.S. especially in under-representedand underserved communities. In fiscal 2016 as part of its mission to prepare studentsfor an increasingly digital future Infosys Foundation USA engaged and invested in CS andMaker-related programs in the following key areas:

• CS professional development: A shortage of trained teachers continues to be themost critical bottleneck for expanding CS in schools. By providing foundational supportfor organizations like Code.org and initiatives like CS PD Week Infosys Foundation USAsupported CS professional development (teacher training) opportunities for severalthousand teachers nationwide especially in high-poverty regions.

• CS teacher support: Access to tools and infrastructure is another area whereresources are required for teachers who seek to bring CS to their classrooms. InfosysFoundation USA supported teachers directly through organizations like DonorsChoose.org andTynker by sponsoring CS classroom projects and education software.

• CS diversity: Infosys Foundation USA believes free bootcamps hackathons andafter-school programs provide a much-needed on-ramp and early exposure to coding.

• Making: With the Infy Maker awards and through partnerships with CREATE Lab atthe Carnegie Mellon University Infosys Foundation USA sought to give students theopportunity to develop the creative confidence to be Makers.

• Research and curriculum development: Working with Stanford University and otherleading research organizations Infosys Foundation USA supported the larger CS educationcommunity in key areas.

We thank our employee volunteers for their interest and dedication. We also thank ourtrustees who continue to guide and inspire us.

Infosys Science Foundation

The Infosys Science Foundation (ISF) was set up by Infosys and some of its managementin 2009 to encourage the pursuit and practice of the sciences. The Infosys Prize governedby the ISF recognizes some of the finest research connected to India. The prize winnersare awarded a purse of Rs. 65 lakh (tax-free in India) and a citation by a jury of globalrenown across six fields. The winners of the Infosys Prize 2015 were Prof. Umesh Waghmare(Professor Theoretical Sciences Unit Jawaharlal Nehru Centre for Advanced ScientificResearch Bangalore) in Engineering and Computer Science Prof. Jonardan Ganeri (GlobalNetwork Professor of Philosophy New York University New York and Visiting ProfessorDepartment of Philosophy King’s College London) in Humanities Dr. Amit Sharma(Head Structural and Computational Biology Group International Centre for GeneticEngineering and Biotechnology New Delhi) in Life Sciences Prof. Mahan Mj (ProfessorSchool of Mathematics Tata Institute of Fundamental Research Mumbai) in MathematicalSciences Prof. G. Ravindra Kumar (Senior Professor Department of Nuclear and AtomicPhysics Tata Institute of Fundamental Research Mumbai) in Physical Sciences and Dr.Srinath Raghavan (Senior Fellow Centre for Policy Research New Delhi) in SocialSciences. The winners were felicitated by the President of India Pranab Mukheijee in aceremony in New Delhi on February 132016. The winners of the Infosys Prize serve as rolemodels for young researchers and scholars. Jurors and winners of the prize give publictalks around the country under the Infosys Science Foundation Lectures to talk abouttheir work and instill a love for science and research among young students. The ISFexpanded Gnanadeepa a program to train educators on how to impart science and mathconcepts so students will grasp them better. Apart from training teachers from governmentschools the program now trains B.Ed and D.Ed teachers as well. The Foundation also hostscontests school events and media debates to promote a healthy discussion around scienceand research in the country. For more details visit www.infosys-science-foundation.com.

We would like to express our gratitude to the trustees who take an active part indriving ISF’s activities through the year.

The ACM - Infosys Foundation Award

The Association for Computing Machinery (ACM) and the Infosys Foundation award set upin 2007 recognizes the finest recent innovations by young scientists and system developersin the computing field each year. An endowment from the Infosys Foundation providesfinancial support for the US$175000 annual award. The winner of the 2015 award is StefanSavage Professor in the Computer Science and Engineering department’s Systems andNetworking Group at UC San Diego’s Jacobs School of Engineering.

Sustainability initiatives

Our sustainability charter is driven by our core values and ethics. Our sustainabilityactions encompass economic social and environmental dimensions.

Through our organization-led projects such as Campus Connect Rural Reach and SPARK wesupport students from underprivileged backgrounds to pursue higher education provideinfrastructure for government schools and train faculty across schools and colleges. Formore information about our industry-academia partnerships visit our websitewww.infosys.com.

We have been persistent in our efforts to ensure reuse recycling and responsibledisposal of waste to minimize the amount of waste going to landfills. In our efforts toachieve our goal of sourcing 100% of our electricity requirements from renewables we havecontinued to invest in solar energy across our campuses. In fiscal 2016 we launched asolar farm at our Hyderabad campus. The energy generated in the farm has helped the campusget off the grid and run 100% on renewable energy. Details of our environmentalsustainability actions are available in Annexure 8 to the Board’s report and in theEnvironment section of the Business Responsibility Report.

Conservation of energy research and development technology absorption foreignexchange earnings and outgo

The particulars as prescribed under sub-section (3)(m) of Section 134 of the CompaniesAct 2013 read with the Companies (Accounts) Rules 2014 are enclosed as Annexure 8 tothe Board’s report.

Business Responsibility Report

The SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015(‘Regulations’) mandates inclusion of the Business Responsibility Report (BRR)as part of the Annual Report for top 100 listed entities based on market capitalization.In compliance with the regulation we have provided the BRR as part of our Annual Report.

We also publish the Sustainability Report annually Our report follows the GlobalReporting Initiative’s G4 framework. This is a comprehensive report that covers allaspects of our sustainability activities. The report is audited by an external auditorDNV GL.

Green initiatives

As in the previous years this year too we are publishing only the statutorydisclosures in the print version of the Annual Report. Electronic copies of the AnnualReport 2015-16 and Notice of the 35th Annual General Meeting are sent to all members whoseemail addresses are registered with the Company / Depository Participant(s). For memberswho have not registered their email addresses physical copies are sent in the permittedmode.

Acknowledgments

We thank our customers vendors investors bankers and the ministry of labor for theircontinued support during the year. We place on record our appreciation of the contributionmade by our employees at all levels. Our consistent growth was made possible by their hardwork solidarity cooperation and support.

We thank the governments of various countries where we have our operations. We alsothank the Government of India particularly the Ministry of Communication and InformationTechnology the Ministry of Commerce the Ministry of Finance the Ministry of CorporateAffairs the Customs and Excise Departments the Income Tax Department the Reserve Bankof India the State Governments the Software Technology Parks (STPs) / Special EconomicZones (SEZs) - Bangalore Bhubaneswar Chandigarh Chennai Gurgaon Hyderabad IndoreJaipur Mangalore Mysore Nagpur Noida Pune Mumbai Kochi and Thiruvananthapuram andother government agencies for their support and look forward to their continued supportin the future.

for and on behalf of the Board of Directors

R. Seshasayee Dr. Vishal Sikka
Bangalore Chairman Chief Executive Officer and Managing Director
April 15 2016

Annexures to the Board's report

Annexure 1 - Statement containing the salient features of the financial statements ofsubsidiaries / associate companies / joint ventures

[Pursuant to first proviso to sub-section (3) of Section 129 of the Companies Act2013 read with Rule 5 of the Companies (Accounts) Rules 2014-AOC-l]

List of subsidiaries

(in Rs. crore except % of shareholding and exchange rate)

Name of the subsidiary Financial period ended Exchange rate Share capital Reserves and surplus Total assets Total liabilities (excluding share capital and reserves and surplus) Investments Turnover(1) Profit / (Loss) before taxation(1) Provision for taxation 03 Profit / (Loss) after taxation a) % of shareholding
Infosys Consulting Holding AG (formerly Lodestone Holding AG) Dec 31 2015 1 CHF = Rs. 66.65 166 131 335 38 _ _ _ 1 (1) 100
Infosys Consulting GmbH (2) (formerly Lodestone Management Consultants GmbH) Dec 31 2015 1 EUR = Rs.72.11 1 29 196 166 571 (4) 1 (5) 100
Infosys Management Consulting Pty. Limited(2) (formerly Lodestone Management Consultants Pty. Limited) Dec 31 2015 1 AUD = Rs.48.42 (18) 24 42 139 (5) 5 (10) 100
Infosys Consulting AG(2) (formerly Lodestone Management Consultants AG) Dec 31 2015 1 CHF = Rs. 66.65 1 86 401 314 978 84 20 64 100
Lodestone GmbH(2)(6) (formerly Hafner Bauer & Odman GmbH) Dec 31 2015 1 CHF = Rs. 66.65 _ _ _ _ _ _ _ _ _ 100
Lodestone Management Consultants Co. Ltd.t2) Dec 31 2015 1 RMB = Rs. 10.25 16 (41) 44 69 129 08) (18) 100
Infosys Consulting s.r.o.C2) (formerly Lodestone Management Consultants s.r.o.) Dec 31 2015 1 CZK = Rs.2.67 4 8 4 16 3 1 2 100
Lodestone Management Consultants GmbH (Austria)<2) Dec 31 2015 1 EUR = Rs.72.11 1 (3) 1 3 5 100
Infosys Consulting SAS (2) (formerly Lodestone Management Consultants SAS) Dec 31 2015 1 EUR = Rs.72.11 1 (33) 8 40 42 (5) 1 (6) 100
Infy Consulting Company Limited(2) (formerly Lodestone Management Consultants Ltd.) Dec 31 2015 1 GBP = Rs. 98.07 39 303 264 620 21 6 15 100
Infy Consulting B.V (2) (formerly Lodestone Management Consultants B.V) Dec 31 2015 1 EUR = Rs.72.11 1 6 45 38 87 12 3 9 100
Infosys Consulting Sp. Z o.o.(2) formerly Lodestone Management Consultants sp. z o.o.) Dec 31 2015 1 PLN = Rs. 16.88 3 (1) 25 23 81 5 3 2 100
Lodestone Management Consultants Portugal Unipessoal Lda Dec 31 2015 1 EUR = Rs.72.11 5 (7) 5 7 20 (2) (2) 100
S.C. Infosys Consulting S.R.L.(2) formerly SC Lodestone Management Consultants S.R.L.) Dec 31 2015 1 RON = Rs. 16.01 1 5 8 2 20 2 1 1 100
Infosys Consulting Pte Ltd.(2) formerly Lodestone Management Consultants Pte Ltd.) Dec 31 2015 1 SGD = Rs.46.83 (39) 23 62 131 (5) (5) 100
Lodestone Management Consultants Inc.(2) Dec 31 2015 1 USD = Rs.66.16 1 10 91 80 282 27 17 10 100
Lodestone Management Consultants (Belgium) S.A.(3) Dec 31 2015 1 EUR = Rs.72.11 3 (24) 23 44 39 (2) (2) 99.90
Infosys Consulting Ltda.(3) (formerly Lodestone Management Consultants Ltda.) Dec 31 2015 1 BRL = Rs. 16.69 123 (105) 59 41 133 (38) (38) 99.99
Lodestone Augmentis AG(4X6) Dec 31 2015 1 CHF = Rs. 66.65 - 1 2 1 - - - - - 100
Infosys Consulting S.R.L.(2) (formerly Lodestone Management Consultants S.R.L.) Dec 31 2015 1 ARS = Rs.5.06 7 (5) 6 4 17 100
Infosys BPO Limited Mar 31 2016 INR 34 3441 3965 490 21 2849 755 185 570 99.98
EdgeVerve Systems Limited Mar 31 2016 INR 1312 (160) 4005 2853 32 1533 (59) 31 (90) 100
Infosys Technologies (China) Co. Limited Dec 31 2015 1 RMB = Rs. 10.25 168 (41) 363 236 - 844 (81) _ (81) 100
Infosys Technologies (Shanghai) Company Limited Dec 31 2015 1 RMB = Rs. 10.25 639 41 737 57 2 2 100
Infosys Public Services Inc. Mar 31 2016 1 USD = Rs. 66.26 98 173 522 251 - 1366 183 72 111 100
Infosys Americas Inc. Mar 31 2016 1 USD = Rs. 66.26 1 - 1 - - - - - - 100
Infosys Tecnologia do Brasil Ltda. Dec 31 2015 1 BRL = Rs. 16.69 146 (71) 110 35 - 177 20 22 (2) 100
Infosys Technologies S. de R. L. de C. V Dec 31 2015 1 MXN = Rs.3.89 65 32 153 56 263 26 7 19 100
Infosys Technologies (Sweden) AB Dec 31 2015 1 SEK = Rs.7.86 - (41) 36 77 - 83 (41) - (41) 100
Infosys (Czech Republic) Limited s.r.o (5) (formerly Infosys BPO s.r.o) Mar 31 2016 1 CZK = Rs.2.78 3 47 66 16 61 4 4 99.98
Infosys Poland Sp. z o.o.(5) formerly Infosys BPO Poland Sp. z.o.o) Mar 31 2016 1 PLN = Rs. 17.55 4 354 468 110 21 452 97 2 95 99.98
Infosys McCamish Systems LLC <5) Mar 31 2016 1 USD = Rs. 66.26 175 (122) 107 54 - 357 26 1 25 99.98
Portland Group Pty. Limited(5> Mar 31 2016 1 AUD = Rs. 50.98 18 85 139 36 - 148 46 15 31 99.98
Infosys Technologies (Australia) Pty. Limited Mar 31 2016 1 AUD = Rs. 50.98 4 33 38 1 1 1 100
Infosys Nova Holdings LLC Dec 31 2015 1 USD = Rs.66.16 93 1 94 - 94 - - - - 100
Panaya Inc. Dec 31 2015 1 USD = Rs.66.16 - 318 399 81 - 99 3 1 2 100
Panaya Ltd. m Dec 31 2015 1 USD = Rs.66.16 225 (339) 245 359 - 204 (82) 1 (83) 100
Panaya GmbH(7) Dec 31 2015 1 EUR = Rs.72.11 - (4) 21 25 - 26 - - - 100
Panaya Japan Co. Ltd.(7) Dec 31 2015 1JPY = Rs.0.5497 - (2) 4 6 - 4 - - - 100
Skava Systems Pvt. Ltd. Mar 31 2016 INR - 15 28 13 21 44 8 2 6 100
Kallidus Inc. Dec 31 2015 1 USD = Rs.66.16 15 37 109 57 - 209 36 30 6 100
Noah Consulting LLC Dec 31 2015 1 USD = Rs.66.16 116 (87) 70 41 - 224 20 - 20 100
Noah Information Management Consulting Inc.(8) Dec 31 2015 1 CAD = Rs.47.67 (10) 2 12 6 (4) (4) 100

List of associates

Profit / Loss for the year

Name of the entity Last audited Balance Sheet date No. of shares held by the companies in associate on the year end Amount of investment in associate Reason why the associate is not consolidated Net worth attributable to shareholding as per latest Balance Sheet ( Rs. crore) Considered in consolidation Not considered in consolidation
DWA Nova LLC (9) - (9) 99 NA 40 5 -

(1) Converted at monthly average exchange rates

(2) Wholly-owned subsidiary of Infosys Consulting Holding AG formerly LodestoneHolding AG)

(3) Majority-owned and controlled subsidiary of Infosys Consulting Holding AGformerly Lodestone Holding AG)

(4) Wholly-owned subsidiary of Infosys Consulting AG formerly LodestoneManagement Consultants AG)

(5) Wholly-owned subsidiary of Infosys BPO Limited

(6) Under liquidation

(7) Wholly-owned subsidiary of Panaya Inc.

(8) Wholly-owned subsidiary of Noah Consulting LLC

(9) Associate of Infosys Nova Holdings LLC. As of December 31 2015 Infosys NovaHoldings LLC holds 16% of equity interest in DWA Nova LLC and exercises significantinfluence.

Notes:

1. Investments exclude investments in subsidiaries.

2. Proposed dividend from any of the subsidiaries is nil.

3. On June 2 2015 Infosys acquired 100% of the voting interests in Kallidus Inc.(d.b.a Skava) (Kallidus) and 100% of the voting interests of Skava Systems PrivateLimited India an affiliate of Kallidus.

4. On November 162015 Infosys has acquired 100% membership interest in NoahConsulting LLC.

5. The following companies are yet to commence operation:

a. Infosys Canada Public Services Ltd. a wholly-owned subsidiary of Infosys PublicServices Inc. has been incorporated effective December 192014.

b. Infosys BPO Americas LLC a wholly-owned subsidiary of Infosys BPO Limited has beenincorporated on November 202015.

c. Panaya Pty Ltd. a wholly-owned subsidiary of Panaya Inc.

6. Infosys BPO S. de R.L. de C.V. a wholly-owned subsidiary of Infosys BPO Limitedhas been liquidated effective March 152016. The Company has not commenced its operationtill that date.

7. Portland Procurement Services Piy. Ltd. a subsidiary of Portland Group Pty. Ltd.is liquidated with effect from May 142014.

Annexure 2 - Particulars of contracts / arrangements made with related parties

[Pursuant to Clause (h) of sub-section (3) of Section 134 of the Companies Act 2013and Rule 8(2) of the Companies (Accounts) Rules 2014-AOC-2]

This Form pertains to the disclosure of particulars of contracts / arrangements enteredinto by the Company with related parties referred to in sub-section (1) of Section 188 ofthe Companies Act 2013 including certain arm’s length transactions under thirdproviso thereto.

Details of contracts or arrangements or transactions not at arm's length basis

There were no contracts or arrangements or transactions entered into during the yearended March 312016 which were not at arm’s length basis.

Details of material contracts or arrangement or transactions at arm's length basis

The details of material contracts or arrangement or transactions at arm’s lengthbasis for the year ended March 31 2016 are as follows:

Name of related party Nature of relationship Duration of contract Salient terms u> Amount (in Rs. crore)
Nature of contract
Investment in debenture instrument
EdgeVerve Systems Limited Subsidiary Refer to Note 2 Refer to Note 2 2549
2549
Investment in equity instrument
EdgeVerve Systems Limited Subsidiary Refer to Note 2 Refer to Note 2 850
Infosys Technologies (Shanghai) Company Limited Subsidiary Not applicable Not applicable 258
1108
Purchase of services
Infosys BPO Limited Subsidiary April 1 2012 - ongoing Based on transfer pricing guidelines 341
Infosys Technologies (China) Co. Limited Subsidiary April 1 2011 - ongoing Based on transfer pricing guidelines 126
Lodestone Management Consultants Pty. Limited Subsidiary Ian 1 2013 - ongoing Based on transfer pricing guidelines 130
Infy Consulting Company Limited Subsidiary Nov 1 2012 - ongoing Based on transfer pricing guidelines 882
Infosys Consulting Pte Ltd. Subsidiary lan 1 2013 - ongoing Based on transfer pricing guidelines 104
Infosys Public Services Inc. Subsidiary April 1 2014 - ongoing Based on transfer pricing guidelines 11
Infosys Technologies (Sweden) AB Subsidiary April 23 2009 - ongoing Based on transfer pricing guidelines 79
1673
Purchase of shared services including facilities and personnel
Infosys BPO Limited Subsidiary April 1 2012 - ongoing Based on transfer pricing guidelines 18
18
Sale of services
Infosys BPO Limited Subsidiary April 1 2012 - ongoing Based on transfer pricing guidelines 69
Infosys Technologies (China) Co. Limited Subsidiary April 1 2013 - ongoing Based on transfer pricing guidelines 11
Infy Consulting Company Limited Subsidiary Nov 1 2012 - ongoing Based on transfer pricing guidelines 30
Infosys Technologies (Sweden) AB Subsidiary April 1 2015 - ongoing Based on transfer pricing guidelines 27
Infosys Public Services Inc. Subsidiary April 1 2013 - ongoing Based on transfer pricing guidelines 900
1037
Sale of shared services including facilities and personnel
Infosys BPO Limited Subsidiary April 1 2012 - ongoing Based on transfer pricing guidelines 42
EdgeVerve Systems Limited Subsidiary lul 1 2014 - ongoing Based on transfer pricing guidelines 143
Infy Consulting Company Limited Subsidiary Nov 1 2012 - ongoing Based on transfer pricing guidelines 5
190

Note:

1. Appropriate approvals have been taken for related party transactions. Advances paidhave been adjusted against billings wherever applicable.

2. On April 242015 the Board of Directors of lnfosys authorized the Company toexecute a Business Transfer Agreement and related documents with EdgeVerve Systems Limited(Edge Verve) to transfer the business of Finacle and Edge Services. The business wastransferred for a consideration oft 3222 crore and T177 crorefor Finacle and EdgeServices respectively. Net assets amounting to T363 crore (including working capitalamounting tot337 crore) have been transferred and accordingly a gain of 13036 crore hasbeen recorded as an exceptional item. The consideration was settled through issueof850000000 equity shares amounting to t850 crore and 254900000 non-convertibleredeemable debentures amounting to 12549 crore in Edge Verve post the requisite approvalfrom shareholders on December 112015. The debentures have been issued on December 242015up to a term of 120 months carrying annual rate of interest at 10 years Government ofIndia Bond yield plus 1 % premium payable as mutually agreed by both the parties.

Annexure 3 - Particulars of employees

a) Information as per Rule 5(1) of Chapter XIII Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014

We are a leading provider of consulting technology outsourcing and next-generationservices. The remuneration and perquisites provided to our employees including that of theManagement are at par with industry levels. The nomination and remuneration committeecontinuously reviews the compensation of our CEO and senior executives to align both theshort-term and long-term business objectives of the Company and to link compensation withthe achievement of measurable performance goals.

Remuneration paid to whole-time directors

Excl. WTD Incl. WTD

Ratio of remuneration to

Name of the director Director Identification Number (DIN) Title Remuneration in fiscal 2016 (in Rs. crore) Remuneration in fiscal 2015 (in Rs. crore) No. of stock options / RSUs granted in fiscal 2016t4) % increase of remuneration in 2016 as compared to 2015 Ratio of remuneration to MRE ™ Ratio of remuneration to MRE and WTD™ Revenues (fiscal 2016) (1X2) Net profit (fiscal 2016) (1X2X10)
Dr. Vishal Sikka (4) 06897177 Chief Executive Officer and Managing Director

(5)(6) 48.73

(3) 4.56

124061 751.92 935.41 935.38 0.00 0.00
U. B. Pravin Rao 06782450 Chief Operating Officer and Whole-time Director 9.28 6.08 52.63 178.14 178.13 0.00 0.00
N. R. Narayana Murthy(7) 00040295 Chairman of the Board - 0.00 - NA NA NA NA NA
S. Gopalakrishnan (7) 00041656 Vice Chairman of the Board - 0.00 - NA NA NA NA NA
S. D. Shibulal (8) 00041461 Chief Executive Officer and Managing Director 0.00 NA NA NA NA NA
Srinath Batni (8) 00041394 Member of the Board - 1.88 - NA NA NA NA NA
B. G. Srinivas (9) 00517585 President and Member of the Board _ 4.43 _ NA NA NA NA NA

RSU - Restricted Stock Units; WTD - Whole-time Directors; MRE - Median remuneration ofemployees

The above table includes bonus retirals and others on accrual basis (Refer to Note2.26 of the Standalone Financial Statements).

(1) Based on annualized salary

(2) Rounded off to two decimals

(3) For the period June 142014 to March 31 2015 for fiscal 2015

(4) During fiscal 2016 Dr. Vishal Sikka was granted RSUs valued at US$2 millionon the grant date. The RSUs will vest over a period of four years from the date of grantin the proportions specified in the award agreement (Refer to Note 2.1 of the StandaloneFinancial Statements).

(5) Includes payment of variable pay amounting to Rs.14 crore for the year endedMarch 31 2015 to the CEO as decided by the nomination and remuneration committee in itsmeeting held on June 222015 in line with the compensation plan approved by theshareholders

(6) Includes provision for variable pay amounting to US $4.33 million(approximately %29 crore) for the year ended March 31 2016 to the CEO. The shareholdersin the EGM dated July 30 2014 had approved a variable pay of US$4.18 million(approximately Rs.28 crore at current exchange rate) at a target level and also authorizedthe Board to alter and vary the terms of remuneration. Accordingly the Board based onthe recommendations of the nomination and remuneration committee approved on April152016 US $4.33 million (approximately Rs.29 crore) as variable pay for the year endedMarch 312016.

(7) For the period April 12014 to October 102014 for fiscal 2015. Resignedeffective October 102014

(8) For the period April 12014 to July 312014 for fiscal 2015. Resignedeffective July 312014

(9) For the period April 12014 to June 102014 for fiscal 2015. Resignedeffective June 102014

(10) Before exceptional item

Remuneration paid to independent directors

Name of the director Director Identification Number (DIN) Remuneration in fiscal 2016 (in Rs. crore) Remuneration in fiscal 2015 (in Rs. crore) Number of stock options / RSUs granted in fiscal 2016 % increase of remuneration (2016 over 2015) (8)
K. V Kamath (1) 00043501 0.39 1.97 - 9.64
Prof. Jeffrey S. Lehman 00092981 1.33 1.20 - 10.83
R. Seshasayee 00047985 1.84 1.03 - 78.64
Ravi Venkatesan 00621398 1.04 0.84 - 23.81
Kiran Mazumdar-Shaw 00347229 0.87 0.76 - 14.47
Carol M. Browner(2X3) 06858688 0.68 0.85 - 14.13
Prof. John W Etchemendy(4) 07029756 1.05 0.23 - 47.89
Roopa Kudva(5) 00001766 0.99 0.11 - 37.50

 

Name of the director Director Identification Number (DIN) Remuneration in fiscal 2016 (in Rs. crore) Remuneration in fiscal 2015 (in Rs. crore) Number of stock options / RSUs granted in fiscal 2016 % increase of remuneration (2016 over 2015) (8)
Dr. Punita Kumar-Sinha (6) 05229262 0.20 - - NA
Dr. Omkar Goswami(7) 00004258 - 0.61 - NA

(1) For the period April 12015 to June 52015 for fiscal 2016

(2) For the period April 29 2014 to March 312015 for fiscal 2015

(3) For the period April 12015 to November 232015 for fiscal 2016

(4) For the period December 42014 to March 312015 for fiscal 2015

(5) For the period February 4 2015 to March 312015 for fiscal 2015

(6) For the period January 142016 to March 312016 for fiscal 2016

(7) For the period April 12014 to December 312014 for fiscal 2015

(8) Based on annualized commission

DINs mentioned in this section will apply to the names of the directors in all otherreferences in this report. Remuneration of other Key Managerial Personnel (KMP)

Excl. WTD Inch WTD

Ratio of remuneration to

Name of the KMP Title Remuneration in fiscal 2016 (in Rs. crore) Remuneration in fiscal 2015 (in Rs. crore) No. of stock options / RSUs granted in fiscal 2016 % increase of remuneration in 2016 as compared to 2015 (4) Ratio of remuneration to MRE (4) Ratio of remuneration to MRE and WTD (4) Revenues (fiscal 2016) (4)(5) Net profit (fiscal 2016) (4)(5)(7)
M. D. Ranganath(1) Chief Financial Officer 3.61 NA - NA 148.38 148.38 0.00 0.00
Rajiv Bansalt2) Chief Financial Officer 23.02 4.72 - 493.43 537.68 537.66 0.00 0.00
A. G. S. Manikantha(3) Company Secretary 0.37 NA - NA 9.21 9.21 0.00 0.00
Parvatheesam K.(6) Chief Risk and Compliance Officer and Company Secretary - 0.98 - NA NA NA NA NA

The above table includes bonus retirals and others on accrual basis (Refer to Note2.26 of the Standalone Financial Statements)

(1) For the period October 122015 to March 312016 for fiscal 2016 (4) Based on annualized salary (6) For the period April 12014 to January 102015 for fiscal 2015
(2) For the period April 12015 to October 122015 for fiscal 2016 (5) Rounded off to two decimals (7) Before exceptional item
(3) For the period June 222015 to March 312016 for fiscal 2016

The Median Remuneration of Employees (MRE) excluding Whole-time Directors (WTDs) wasRs.520946 and Rs.489468 in fiscal 2016 and fiscal 2015 respectively. The increase inMRE (excluding WTDs) in fiscal 2016 as compared to fiscal 2015 is 6.4%.

The Median Remuneration of Employees (MRE) including Whole-time Directors (WTDs) wasRs. 520964 and Rs.489470 in fiscal 2016 and fiscal 2015 respectively. The increase inMRE (including WTDs) in fiscal 2016 as compared to fiscal 2015 is 6.4%.

The number of permanent employees on the rolls of the Company as of March 31 2016 andMarch 31 2015 was 148877 and 139148 respectively.

The revenue growth during fiscal 2016 over fiscal 2015 was 14.1% and net profit (beforeexceptional item) growth was 8.5%. The aggregate remuneration of employees (excluding WTD)grew by 14.4% over the previous fiscal. The aggregate decrease in salary for WTDs andother KMPs as a group was 11.5% in fiscal 2016 over fiscal 2015. This was due to adecrease in the number of WTDs in fiscal 2016 as compared to fiscal 2015.

Our market capitalization increased by 9.8% to Rs.279837 crore as of March 31 2016from Rs.254771 crore as of March 31 2015. The Price Earnings Ratio was 20.4 as of March31 2016 which was a decrease of 0.5% as compared to March 31 2015. The closing price ofthe Company’s equity shares on the NSE and BSE as of March 31 2016 was Rs. 1218.30and Rs. 1217.95 respectively representing a 656600% (NSE) increase over the IPO priceadjusted for stock splits and bonuses to date.

The Company’s variable compensation philosophy for its managerial personnel is toensure it is competitive in the global markets in which it operates for attracting andretaining the best talent. In future the nomination and remuneration committee plans touse a combination of stock options restricted stock units and performance-based stock toalign senior employee compensation with shareholder value.

Component of remuneration to directors and other KMPs Fixed salary Bonus and other compensation Commission Total
As a percentage of revenues for fiscal 2016 0.02 0.13 0.02 0.17
As a percentage of net profit (before exceptional item) for fiscal 2016 0.10 0.56 0.07 0.73

During fiscal 2016 no employee received remuneration in excess of the highest-paiddirector.

b) Information as per Rule 5(2) of Chapter XIII the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014

Employee name Designation Educational qualification Age Experience (in years) Date of joining Gross remuneration paid ( Rs.) Previous employment and designation
Abhijit Sen AVP and Senior Delivery Manager ADM BE 48 27 Jan 14 2002 9560155 Visa International Department Head
Abhishek Goyal AVP and Delivery Head EAS B.Tech PGD 42 19 Sep 112000 8148780 Asian Paints (I) Limited Area Manager
Ajayan Pillai AVP and Senior Delivery Manager ADM B.Sc MCA 45 22 Apr 2 2001 6078043 IT Solutions (India) Private Limited Accounts Manager
Alok Maheshwari Senior Delivery Manager ADM BE 44 22 Jan 5 1998 6109815 ITI Ltd. Manager
Alok Uniyal AVP and Industry Principal QLTY B.Tech MBA 47 22 Aug 2 2004 7514953 Mphasis BFL Limited Senior Consultant
Amer Singh Thakur Senior Principal - Business Consulting IND B.Sc AIME MBA 55 36 Oct 12011 6266987 IC India Senior Principal - Business Consulting
Amit Sahakundu AVP and Practice Manager - IT Services CCD BE M.Tech 52 31 Feb 24 1999 6285290 Air India Deputy Manager
AnandJ. Raghavan VP and Senior Delivery Manager IS BE 44 22 Nov 27 1995 9417599 Wipro Infotech Customer Support Engineer
Ananth Chandramouli AVP and Group Engagement Manager IND BE EPGD M.Tech 43 20 Aug 26 1996 7343743 Carborundum Universal Trainee
Anil Kumar P. N. AVP and Senior Delivery Manager ADM B.Tech ME 44 21 Aug 5 1996 6923132 Bajaj Auto Ltd. Engineer
Anoop Kumar AVP and Head - Business Excellence QLTY BE PGD 45 24 May 3 2000 7542372 Tata Steel Deputy Manager
Arun Kumar H. R. VP and Head - Business Strategy Planning and Operations ADM BE 43 21 Nov 7 1994 11053103
Aruna Chittaranjan Newton AVP and Head - Diversity and Inclusion FAC B.Com MBA 49 26 Jan 3 2000 7014222 Wipro Infotech Manager - Training
Arunkumar Ranganathan AVP and Senior Industry Principal ADM BE MS Ph.D 44 23 Apr 1 2015 6279366 Wipro Technologies Limited General Manager
Ashok Bhaskar Hegde AVP and Delivery Head ADM B.A. M.A. MBA Ph.D 48 21 Jan 2 2012 8343881 Wipro Technologies Limited Head - FS Business Analyst and Investment Banking
Atul Soneja VP and Delivery Head ADM B.Tech (H) 43 21 Mar 15 2010 10861701 TCS Limited Senior Consultant
Balaji Sampath AVP and Segment Head - Marketing MKTG BE MBA 45 22 Dec 23 2004 8497532 Microsoft Corporation Private Limited Business Manager
Balakrishna D. R. VP and Service Offering Head ADM BE 44 22 Feb 7 1994 12986184 HCL - HP Customer Engineer - Trainee
Balakrishnan Mayilarangam Sundararajan AVP and Group Leader - Unit Strategy Planning and Operations ADM B.Sc M.Sc 50 29 Oct 12 2000 6161045 DSQ Software Limited Assistant Consultant
Bhaskar Kakuturu VP and Head - Unit Strategy Planning and Operations MRCL B.Tech PGD 44 23 Dec 13 1996 9210558 Hindustan Cables Limited Engineer
Binod Rangadore Hampapur EVP and Head - Talent Fulfilment TAFF BE 53 30 Jul 12013 40290603 Infosys Limited SVP - Corporate Relations
Chandra Mohan Nandakumar AVP and Senior Delivery Manager ADM BE 41 21 Mar 8 2001 7240282 IIS Infotech Limited Assistant Consultant
Charles Henry Hawkes SVP and Head - FAC B.Sc PGCBM 56 31 Nov 15 1996 13925837 Trans Oceanic Travel Manager
Chetan Kumar Gupta AVP and Senior Delivery Manager ENG BE 44 22 Mar 13 1995 7433713 ITI Limited Assistant Executive Engineer
Dass Gunalan AVP and Regional Head - FAC Diploma Graduate in Material Management 53 32 Mar 12 1999 7337635 Enercon System Private Limited Manager Operations
Debashish Kumar Ganguly AVP and Head - Unit Talent TAFF B.Tech (H) PGDBM 52 30 Dec 3 2012 8710582 Polaris Financial Technology Limited SVP and Head
Deepak Gupta AVP and Senior Delivery Manager ADM B.Tech 43 20 Aug 26 1996 7459719 -
Deepak P N. AVP and Principal Technology Architect ADM BE 48 26 Dec 18 1995 6976197 Nuclear Power Corporation Officer
Deepak Padaki SVP and Group Head - Corporate Strategy and Chief Risk Officer CORPSTGY BE 45 24 Aug 10 1992 16447476 -
Dheeshjith V G. SVP and Chief Information Officer IS B.Sc ME 52 29 Sep 14 1987 28084139 -
Dinesh R. SVP and Head - Global Services EAS BE 47 26 Oct 1 1990 23360683 -
Dipayan Mitra Partner - Business Consulting IGC B.Tech 47 25 Nov 12011 7822372 IC India Senior Principal - Business Consulting
Ganapathy Subramanian VP and Solutions Head - Platforms PLATFORM MS 39 18 Sep 22 2014 7147122 SAP Global VP
Ganesan Arunachalam Kaushik AVP and Head - Reuse and Tools QLTY BE (H) ME 57 34 Jul 1 2005 7507205 Kama Softek India Private Limited Project Director and CTO India
Gargi Ray AVP and Head - Revenue Assurance Group FIN B.Com (H) CA 36 14 Dec 14 2006 7448440 ITC Ltd. Finance Manager
Gautam Khanna AVP and General Manager - IP Deployment and Commercialization ADM B.Tech PGDM 42 19 Jun 8 1998 7548471 Reliance India Limited Graduate Engineer Trainee
Gautam Shekar AVP and Group Engagement Manager ECS MS MBA 42 20 Sep 16 2002 9551354 Booz Allen & Hamilton Associate
Geetha G. AVP and Senior Delivery Manager ENG BE 50 29 Dec 1 1995 8148862 ITI Limited Senior Engineer
Gnanapriya C. AVP and Principal Technology Architect ADM BE MBA ME 45 23 Jun 30 1997 7690194 Mepco Schlenk Engineering College
Gopi Krishnan Radhakrishnan VP and Principal Legal Counsel LEGAL B.A. LLB 39 16 Sep 112014 12166508 IBM Senior Counsel / Director
Gopikrishnan Konnanath VP and Delivery Head EAS BE 45 22 Nov 7 1994 12724977 BPL Systems & Projects Limited Trainee Engineer
Guruprakash Pai Karkala AVP and Practice Manager CIS BE 45 24 Sep 8 1995 9330697 Kasturba Medical College Biomedical Engineer
Gururaj B. Deshpande AVP and Delivery Head ADM BE 44 22 May 2 1994 9725134 BPL Limited Trainee
Hanumesh V J. AVP and Senior Lead Principal - Education Training and Assessment TAFF B.Sc M.Sc M.Phil 45 23 Aug 8 1997 6061988 Government PU College Lecturer
Harish Srinivas Gudi Partner - Business Consulting IGC BE 43 20 Jul 8 2010 9606455 Mu Sigma SVP
Hasit G Trivedi AVP and Practice Manager CIS BE 42 21 Apr 28 1997 6195366 Global Tele Systems Member - Strategic Planning
Indranil Mukheqee VP and Service Offering Head EAS AMIETE 45 22 Dec 4 1995 11744538 Chipsoft Technologies Customer Support Engineer
Ishwar C. Halalli VP and Delivery Head CIS BE M.Tech 53 30 Jan 19 1996 14026153 AT&T SSTL Manager - Technical
Jayan Sen Lead Principal - Education Training and Assessment TAFF B.Sc MS Ph.D 43 17 Feb 28 2011 7224237 BNSF Railway Company Director Talent Management and OD
Jayesh Dhanvantkumar Sanghrajka SVP and Deputy Chief Financial Officer FIN B.Com CA ICWA 42 18 Dec 24 2012 14895217 Mu Sigma VP - Finance
Jayraj Dharmoieppa Ugarkar Lead Product Manager GDLY BE MBA 44 22 Aug 22 2005 6072283 SBC services inc Technical Architect
Jitendra Sangharajka D. VP and Senior Delivery Manager IS BE DFM 48 27 Sep 1 1999 10398326 L&T Limited Executive - IS
John Premkumar R. AVP and Senior Delivery Manager ADM BE 42 22 Dec 91996 7259308 L&T (ECC) Electrical Engineer
Karthikeyan Neelakandan AVP and Group Engagement Manager IND BE MS 46 23 Dec 4 2000 7992245 D.S.M Computech Pvt. Ltd. CEO and MD
Kavita Manoj Kulkami VP and Head - Human Resource Development - Units HRD LLB B.Com MPM 47 25 Sep 1 2008 11219149 WNS SVP - HR
Koushik R. N. SVP and Group Head - Procurement PURC B.Sc 47 26 May 2 1991 14711117 Frazer Techno Circuits Limited Marketing Executive
Krishna Kumar C. AVP and Practice Manager - IT Service Support and Operations CCD BE 45 23 Sep 1 1997 6734094 Vectra Systems & Solutions Private Limited Centre Manager
Krishna Markande AVP and Principal Technology Architect ENG BE ME 43 19 Nov 6 2006 6531019 TCS Associate Consultant
Krishnan Subramanian AVP and Delivery Head ADM B.Tech 43 21 Jun 26 1995 8734738 -
Krishnananda R. Shenoy AVP and Principal Technology Architect ENG BE 44 22 Apr 28 1997 6689867 Wipro - BT Engineer
Lakshmi Narasimha Rao Gunda AVP and Group Manager - Unit Strategy Planning and Operations EAS Diploma B.Tech M.Tech 46 21 Feb 13 1995 6725266
Mahesh Kamath P. AVP and Senior Delivery Manager ADM BE 47 25 May 8 1995 8901547 Aptech Computer Education Teaching
Manas Kumar Sarkar AVP and Principal Technology Architect EAS B.Tech (H) 42 20 Jun 24 1996 6891136 -
Manesh Sadasivan AVP and Principal Technology Architect DX B.Tech 39 18 Oct 13 1997 7218004 -
Manish Kumar Mehta AVP and Senior Delivery Manager ADM B.Tech 43 22 Jun 27 1994 7189702 -
Manohar Madgula Atreya VP and Delivery Head CIS B.Tech PGPM 44 22 Apr 7 2011 11544713 Armstrong Capital Director
Meenakshi Sundaram Ganapathy Subramanian AVP and Delivery Head DNA MS PGDM 44 18 Mar 9 2015 6212484 Omnition Analytics Director
Mohammed Rafee Tarafdar AVP and Unit Technology Officer GDLY BE 41 19 Jul 12 2004 9505321 Virtusa Associate Technical Architect
Mohammed Sayeeduddin AVP and Senior Delivery Manager ADM BE MBA 48 27 Dec 4 1995 6154128 ITI Limited Assistant
Mohan Babu Vinayagavelayutham AVP and Industry Principal ADM B.Sc MBA 42 23 Oct 15 2012 8557979 CTS Director (Consulting) - Insurance
Mohit Saxena AVP and Senior Delivery Manager ADM B.Tech 41 21 Jun 26 1995 8346571 -
Murali Vasudevan AVP and Practice Manager GDLY MMS 48 27 Apr 1 2003 8739952 Differentiated Software Solutions Private Limited Director
Muthuvel Gajapathi VP and Delivery Head DNA B.Sc MCA 47 25 Aug 27 1992 14329097 PSI Bull (I) Limited Systems Executive
Nabarun Roy VP and Group Head - Quality QLTY B.Tech 44 22 Aug 29 1994 12456511 -
Nagaraj Prabhakar Kollegal AVP and Regional Head - Infrastructure FAC B.Arch 47 23 Feb 23 2004 6881375 Sundaram Architects Pvt. Ltd. Senior Architect
Nandakumar Thiruvengadam Senior Delivery Manager IVSU B.Com ICWA ACS 52 30 Feb 27 2012 6164709 Scope International Senior VP
Nandini S. VP and Group Head - Organization Development HRD BE (H) M.Sc (H) Fellow 42 16 Jun 12009 10328895 IBPO Group Manager
Nanjappa Bottolanda Somanna AVP and Head - Employee Relations HRD B.Com MBA 37 14 Mar 24 2003 7527454 Infosys Technologies Ltd. Consultant
Narahari Govindaraju AVP and Senior Delivery Manager ADM BE ME 44 21 Dec 11 2000 7267585 TCS Limted ITA
Narasimhamoorthy P AVP and Senior Delivery Manager IND B.Sc M.Sc M.Tech 43 20 Feb 26 1996 6774169 -
Narendra Murari Sonawane AVP and Senior Delivery Manager IS BE PGDM 50 28 Apr 25 1997 7558649 MSEB General Engineering
Naresh Balaram Choudhary AVP and Head - Reuse and Tools QLTY BE 40 19 Jun 5 2000 6547632 The Arvind Mills Limited Manufacturing Manager
Naresh Nath Kumar Duddu AVP and Senior Delivery Manager IS B.Tech 43 22 Jun 27 1994 7807321 -
Narsimha Rao Mannepalli SVP and Service Offering Head IVSU BE PGDBM 48 26 Jan 29 2001 20589582 Ramco Systems Project Director - e-Commerce Solutions
Naveen Kumar L. AVP and Practice Manager DNA BE M.Tech 43 19 Apr 28 1997 6743296 -
Niranjan V S. AVP and Delivery Head IVSU Diploma BE 45 23 Feb 13 1995 8374857 Siemens Limited Executive
Nishit Ajit Shah AVP and Unit Financial Controller FIN B.Com CA 43 18 Apr 22 2013 6694080 Capgemini India Private Limited Senior Manager
Nithyanand Yeswanth AVP and Senior Delivery Manager TAFF BE 47 27 Feb 5 1996 8229419 L&T Limited Executive
Piyush Jain AVP and Senior Delivery Manager ENG BE 44 23 Jun 10 1996 6077922 Square D SAV Limited Developer
Pradeep Thazhichayil Yesodharan Senior Principal - Business Consulting IND BE 44 22 Oct 12011 6105093 IC India Senior Principal - Business Consulting
Prakashjayaram AVP and Senior Principal - Business Consulting IND BE M.Sc 46 23 Oct 12011 10149911 IC India Senior Principal - Business Consulting
Pramod Prakash Panda VP and Head - Education Training and Assessment TAFF B.Tech 42 20 Feb 9 2004 9627612 Accenture Services Private Limited Associate Manager
Prasad Balakrishna Hormavalli AVP and Program Manager CIS BE MBA 50 26 Aug 20 2007 6526980 Sword Global India Pvt. Ltd. Technical Director
Prateek Sinha Senior Principal - Business Consulting IGC BE MBA 44 20 Oct 12011 6067817 ICI Associate Partner - Business Consulting
Pravin Rao U. B. Director and Chief Operating Officer CORP BE 54 31 Aug 4 1986 75368705 IISC Trainee
Pravin Vyanktesh Kulkami VP and Delivery Head EAS BE MBA 45 24 Jan 4 2007 10073863 Wipro Technologies Limited General Manager
Purushotham Bhandarkar AVP and Senior Delivery Manager ADM BE 46 24 Feb 13 1995 7461907 Kirloskar Electricals Engineer
Purushotham K. AVP and Practice Manager - IT Services CCD B.Sc PGD 51 24 Mar 19 1994 7191808 Indian Computer Academy Computer Centre Coordinator
Radhakrishna Huthinagadde Subbaiah AVP and Practice Manager CIS BE 48 24 Sep 29 2008 8185955 Bahwan I. T. Senior Manager
Radhakrishna S. AVP and Practice Manager - IT Service Support and Operations CCD BE 45 22 Jul 12 1999 6913594 Microtech Software & Consultants Limited Regional Manager
Raghavan S. AVP and Principal Technology Architect IS BE 43 21 Nov 7 1994 8235447 Complete Business Solution Trainee
Raghu Boddupally AVP and Practice Manager EAS BE MS 41 21 Jan 20 2003 7556080 Trivium India Team Leader
Raghupathi N. Cavale SVP and Head - Strategic Business Practice IND BE MS 54 31 Dec 13 1999 13956711 PricewaterhouseCoopers Limited Principal Consultant
Raghuveer B. K. AVP and Product Line Manager CORP BE 48 26 Apr 16 1992 8034140 Ashok Leyland Limited Production Engineer
Rajeev Ranjan VP and Service Offering Head ADM B.Tech MBA 43 20 Aug 16 1999 12817650 Nexgen Information Solutions Associate Consultant
Rajesh Kharidehal AVP and Unit Financial Controller FIN B.Com CA 45 17 Oct 242013 9259662 IBM India Private Limited Head Finance
Rajesh Subbarao Senior Principal - Business Consulting IGC PGD M.Sc 44 21 Oct 1 2011 7246224 IC India Senior Principal - Business Consulting
Rajesh Thampy AVP and Head - Communication Design CDG B.Sc 43 22 Apr 22 1996 7637743 ENIGMA Developer
Rajkumar R. AVP and Practice Manager - IT Services CCD BE 41 20 Jul 20 1998 8394391 Crompton Greaves Limited Network Engineer
Rajneesh Malviya AVP and Delivery Head IVSU B.Tech 45 22 Jun 27 1994 10299547 -
Rajnish Sharma AVP and Senior Delivery Manager IVSU B.Tech 44 23 Oct 8 2001 8484760 Poorva Consultants PM
Ramadas Kamath U. EVP and Head - Administration Facilities Infrastructure and Security FAC BBM FCA 55 31 Jul 1 1994 40090429 Manipal Printers and Publishers Limited Accountant
Ramakrishna B. AVP and Delivery Head CIS BE M.Tech 51 27 Mar 19 1999 10305601 DSQ Software Limited Associate Consultant
Ramakrishnan Krishnan AVP and Practice Manager DNA B.Sc 40 20 May 15 2006 6750120 Xansa India Limited Senior Solutions Architect
Ramakrishnan M. VP and Head - Business Excellence QLTY B.Sc CAIIB 59 38 Sep 4 1996 11285262 Canara Bank Officer
Ramesh Adiga AVP and Delivery Head DX BE M.Tech 47 25 Mar 5 1996 9389404 INSAT MCF (ISRO) Engineer
Ramesh Amancharla AVP and Senior Delivery Manager TAFF B.Tech 42 20 Oct 14 1996 7745324 SAIL Management Trainee
Ramesh Babu S. AVP and Lead Principal - Education Training and Assessment TAFF BE M.Tech Ph.D 47 20 Jul 23 1997 8503644 TCS Limited Trainee
Ramkumar Krishnamurthy Dargha AVP and Principal Technology Architect CIS BE M.Tech PGD 45 20 Nov 12 2007 6169728 Wipro Technologies Limited Technical Manager
Ratnavelswamy Shanmughom Rethinasamy AVP and Unit Financial Controller FIN B.Com CA ICWA Company Secretary 50 27 Aug 26 2013 8733711 BREN Corporation CFO
Ravi Kiran Kuchibhoda AVP and Group Manager - Unit Strategy Planning and Operations GDLY B.Sc CA 47 24 May 3 2010 7768289 Sierra Atlantic Director - Enterprise Applications
Ravi Kumar Dikshit AVP and Delivery Head ADM BE 42 20 Mar 24 1997 8758778 Ashok Leyland Limited Trainee
Ravi Kumar G. V V AVP and Senior Principal - Advanced Engineering ENG BE(H) M.Tech Ph.D 46 20 Jul 12002 6346384 Aeronautical Development Agency Scientist
Ravichandran Annadurai AVP and Practice Manager CIS BE 48 26 Mar 14 2003 7131805 Wipro Technologies Limited Regional Manager - IMS
Ravikrishnan K. AVP and Senior Delivery Manager EAS BE PGD 42 19 May 4 1998 6641627 TCS System Analyst
Ravindranath E Hirolikar AVP and Group Manager - Information Security ISG BE 43 21 Nov 5 1997 8124462 Global Telecom Services Limited Network Engineer
Reddy Kesari AVP and Practice Manager IND BE 43 21 Oct 12011 7441255 Infosys Consulting Senior Principal - Business Consulting
Renganathan V R. VP and Delivery Head IND BE 46 26 Jun 18 1990 13863870 -
Richard Lobo SVP and Head HR - Infosys Limited HRD BE PGD 44 21 Dec 112000 13394230 Godrej & Boyce MFG Company Assistant Manager
Ruchikajain AVP and Head - Unit Strategy Planning and Operations ADM B.A. (H) MS 46 23 Oct 30 2000 7714719 FSD INT’L Nehru Place Project Leader
Sachin Manohar Kamat AVP and Senior Industry Principal EAS Diploma BE MMS ICWA 48 27 Jun 4 2012 6083655 Mahindra Satyam AVP
Sai Kumar Shamanna VP and Head - Human Resource Development - Units HRD BE MBA 46 24 Aug 21 2000 12183015 Denso Haryana Private Limited Manager - Planning And Procurement
Sajit Vijayakumar VP and Delivery Head EAS B.Com ACA AICWA 44 20 Jan 17 2000 10412555 ICICI Securities / ICICI Infotech AVP - Financial Control
Saju Sankaran Kutty AVP and Practice Engagement Manager CIS B.Tech 42 19 Jul 28 2003 8422127 Digital Global Soft Senior Systems Engineer
Saket Singh AVP and Practice Manager CIS BE 44 22 Dec 29 1997 7040371 L&T Ltd. Engineer
Sandeep M. K. AVP and Product Line Manager GDLY BE ME 47 24 Feb 1 1992 8091725 IIT Madras Associate
Sandeep Mahindroo AVP - Financial Controller and Head - Investor Relations FIN B.Com (H) CA 39 16 Jul 17 2000 7092610 Raymond Ltd. Management Trainee - Corp Finance
Santhanakrishnan R. AVP and Principal - Knowledge Services PLATFORM BE MBA 40 18 Jul 1 2009 6124047 IBPO Senior Manager
Santosh Panpaliya AVP and HR Business Leader HRD BE PGD 42 19 Apr 3 2000 6156442 TELCO Senior Officer
Satheesha B. N. AVP and Lead Principal - Education Training and Assessment TAFF BE 44 23 May 10 1993 9510249
Sathyanarayana Krishnamurthy AVP and Industry Principal EAS BE M.Tech 49 25 Apr 16 2007 7235587 Enzen Global Solutions Private Limited AVP
Satish G. AVP and Senior Delivery Manager ADM BE 44 21 Feb 13 1995 7912104 -
Satish H. C. SVP and Service Offering Head DNA BE 44 22 May 2 1994 18630052 -
Satish Srinivasa Kabadi Client Solution Head CIS Diploma 42 23 Oct 112010 6234899 E4E Director
Satya Prakash Singh AVP and Delivery Head EAS B.Tech 45 22 Feb 13 1995 8179760 SAIL Trainee
Saurava Mishra AVP and Practice Manager CIS BE 41 20 Jan 27 1998 8346680 TCS Limted Project leader
Senthil Nathan M. AVP and Practice Manager DNA B.Tech 42 22 Nov 7 1994 8119323 Parks Controls & Com Trainee
Shaji Mathew SVP and Service Offering Head ADM B.Tech 45 24 Jun 22 1992 18279431 Mukand Limited Bombay
Shamita Chattel] ee SVP and Group Head - Compensation and Benefits and HR Compliance HRD B.A. (H) MBA 46 22 Dec 12011 13323445 Mercer Consulting Limited Market Business Leader - South Asia
Sharmistha Adhya AVP and Head - HR Compliance HRD B.Tech (H) 43 19 Mar 22 2010 7251169 Infosys Limited Delivery Manager
Shishank Gupta AVP and Delivery Head IVSU BE 40 19 Jan 6 1997 10368396 -
Shripad N. Shanbhag AVP and Practice Manager CIS B.Tech 46 24 Mar 21 1992 7670174 -
Shyam Kumar Doddavula AVP and Principal Product Architect PLATFORM B.Tech MS 40 19 Dec 17 2001 8219784 Aztec Software & Tech. Services Limited Technical Leader
Shyam Sundar V AVP and Practice Manager - IT Service Support and Operations CIS BE 48 27 Dec 19 1994 8052067 Monotype India Limited Senior Customer Support Engineer
Siva Kumar Srinivasa Venkata Nandiwada AVP and Delivery Head ADM B.Sc PGD M.Sc 43 18 Jan 2 2001 8450417 I.T. SOLUTIONS Project Leader
Sreekumar Sreedharan AVP and Practice Manager EAS B.Tech MBA 47 25 Jul 29 2002 7439572 Satyam Computer Services Limited Senior Consultant
Sridhara N. R. VP and Head - Audit and Assessments QLTY B.Sc M.Sc 59 32 Jan 1 1984 8045183 BSNL Technician
Srikantan Moorthy EVP and Head - Global Services ADM BE 53 31 Dec 7 2000 33911070 Inventa Corporation General Manager
Srinivas J. AVP and Principal Technology Architect ADM B.Tech 44 22 Jun 27 1994 7308217 -
Srinivas Poosarla VP and Head - Privacy and Data Protection B.Tech 49 28 Sep 21 1998 8004418 Tata Steel Manager
Srinivasa Gopal Sugavanam AVP and Practice Manager DNA BE MMS 43 20 Jan 15 2002 6571680 Atos origin India Pvt. Ltd. Consultant Grade IV
Srinivasan Govindan AVP and Senior Delivery Manager ADM BE 48 25 Nov 12 1998 6894054 ITC Systems Administrator
Srinivasan Subramaniam AVP and Principal Technology Architect IND BE 42 21 Sep 18 2008 7069049 Dubai World Enterprise Architecture
Subrata Kar AVP and Practice Manager EAS B.Sc 51 29 Nov 21 2005 8246711 Hexaware Technologies Limited AVP
Suman Sasmal VP and Service Offering Head ADM BE PGDBM 52 29 Dec 12 2001 15818774 RS Software India Limited VP
Sumit Virmani VP and Head - Marketing MKTG B.Com MBA 41 20 May 6 2004 10210953 Polaris Software Lab Limited AVP Marketing
Sundar K. S. AVP and Lead Principal - Education Training and Assessment TAFF BE M.Tech MS 47 23 Aug 26 1998 7034906 S.I.T Teaching
Sundaresh Shankaran AVP and Senior Delivery Manager ENG BE 46 25 Mar 9 1998 7887319 L&T Limited Product Engineering
Sunil Jose AVP and Senior Delivery Manager ENG B.Tech 47 25 Jun 8 1994 9182512 Motor Indus Software Services Private Limited Supervisor
Sunil Kumar Dhareshwar VP and Global Head - Taxation and Corporate Accounting FIN B.Com CA 40 20 Sep 10 2013 13035659 News Corporation (ASIA) Limited Head Of Tax - Asia
Suraj George Jacob AVP and Practice Manager EAS BE 45 23 Jan 13 2005 7325198 Patni Computer Systems Limited Senior Consultant
Suresh Kumar Meda AVP and Senior Delivery Manager ADM BE PGD 43 20 Jun 28 2000 6377311 Deutsche Software India Ltd. Asst. System Analyst
Surya Prakash K. SVP and Head - Global Services EAS BE 47 26 Jul 23 1990 12160370 -
Suryanarayanan M. S. AVP and Senior Delivery Manager IVSU B.Sc MCA 43 20 Aug 2 1999 7006649 Aviation Software Development Consultancy (I) Limited Systems Engineer
Suryaprakash Viswanath Kareenahalli VP and Service Offering Head ADM BE PGD 50 27 Oct 15 2007 12624792 Wipro Technologies Limited General Manager
Sushil Kumar AVP and Delivery Head ADM BE PGD 41 21 Jun 26 1995 7000448 -
Thirumala Arohi AVP and Senior Delivery Manager ADM B.Tech 43 21 Aug 25 1997 7037786 K.T.PS General Engineering
Thothathri Visvanathan VP and Delivery Head ADM BE PGCCA 53 30 Jul 6 2000 16150566 CSAI Senior Consultant
Umashankar Malapaka AVP and Unit Client Solution Head ECS BE PGD 42 19 Apr 27 1998 6133504 O.M.C. Computers Limited Developer
Varadharaj Venkataraman AVP and Geo Lead - Talent Acquisition TAFF M.Sc (H) MMS 40 17 Oct 21 2002 6975779 Draft worldwide India Pvt. Ltd. Account Supervisor
Varsha Bharat Verma AVP and Delivery Partner ADM Diploma B.Sc 50 30 Sep 28 2001 6097355 Infosys Technologies Limited Consultant
Vasavi Lakshmi AVP and Head - HR Service Delivery HRD BCS MBA 40 19 Nov 17 2005 7619143 Ramco Systems Pre Sales Manager
Vasudev Kamath AVP and Unit Risk Manager CORP B.Tech 42 20 Feb 5 1996 7480135 -
Vasudeva M. Nayak SVP and Group Head - Global Mobility and Assurance TAFF BBM PGDM 58 36 Aug 24 2011 15164648 Wipro Technologies Limited VP
Venkat Narayan S. AVP and Principal Technology Architect IND BE 43 22 Jun 27 1994 8775944 -
Venkata Seshu Gulibhi AVP and Senior Delivery Manager DNA B.Sc M.Sc M.Tech 48 24 Feb 21 1994 7464163 UB Informations & Consulting Services Executive
Vibhuti Kumar Dubey VP and Service Offering Head EAS BE PGD 51 27 Apr 12002 12221411 HCL Group Business Development Manager
Vijay Mishra AVP and Delivery Head EAS BE PGD 43 20 Jun 8 1998 8994023 The Tata Engineering & Locomotive Co. Limited Engineer
Vijayeendra S. Purohit VP and Practice Manager - IT Services CCD BE 48 26 Apr 8 1996 9166957 The Printers (Mysore) Limited Senior Executive
Vinayak Prabhakar Hegde AVP and Delivery Head IVSU BE 43 23 Mar 5 2007 8682298 Wipro Technologies Limited Delivery Manager
Virendra Paliwal AVP and Product Line Manager PLATFORM Diploma BE PGDM 46 23 Aug 28 1997 7624118 Ramco Production Incharge
Vishwanath Kalasapur Narayan AVP and Principal Technology Architect CIS BE MS 52 23 Oct 30 2002 6646067 Teraburst Networks Inc. Network Architect
Visvanathan Lakshmi Narayan AVP and Senior Delivery Manager ADM B.Sc MS MBA 49 28 Jan 13 2005 7350898 Hexaware Technologies Limited AVP
Visveswara Gupta K. AVP and Delivery Head DX BE 47 24 Apr 4 1992 10759045 -
Yashodhan D. Phatak AVP and Practice Manager EAS BE PGDM 46 22 Jun 8 1998 6583967 K.S.B. Pumps Officer
Avinash Prasad AVP and Practice Manager CIS B.Tech PGDBA 43 20 Aug 3 2015 4039627 Wipro Technologies Limited General Manager
Nagaraj Nanjundaram AVP and Practice Manager CIS BE PGD 45 22 Oct 5 2015 3206600 EdgeVerve Senior Director and Product Head
Prince Thomas AVP and Practice Manager ENG B.Tech 44 22 Jul 30 2015 4177845 Infosys Lodestone Associate Partner
Samson Michael David SVP and Head - Global Services CIS BE 47 26 Apr 21 2015 27763635 EdgeVerve Systems Limited COO and Whole-time Director
Sanjay Mahesh Purohit EVP and Global Head IGC BE 49 26 Apr 21 2015 29973482 EdgeVerve Systems Limited CEO and MD
Shankar Krishnamurthy EVP and Group Head - HRD HRD B.A..PG Dip. 53 32 Oct 262015 20203051 Philips India HR Head
Venkata Ramana Reddy Gunna VP and Head - Unit Strategy Planning and Operations IGC B.Tech MBA 47 23 Aug 312015 4026273 Mindtree Ltd. Head Talent Management
Abhay M. Kulkarni VP and Service Offering Head ADM BE 49 26 Apr 242015 2179727 TISCO Graduate Trainee
Abhishek Kumar Principal Product Architect FINACLE BE 35 12 Jul 31 2015 2242518 SAP Labs India Development Architect
Amit Kumar Jain Engagement Manager ECS BE 38 16 May 15 2015 1388528 KPIT Cummins Infosystems Module lead
Anand Sinha AVP and Principal Product Architect FINACLE B.Sc (H) PG Diploma in Software Enterprise Mgmt MCA 41 18 Jul 31 2015 2994525 SAP Labs India Chief Dev Architect
Anindya Sircar AVP and Principal IP Officer LEGAL B.Sc M.Sc Ph.D 46 19 Feb 17 2016 11751758 BIOCON Limited Global Head IPR
Anupama Nithyanand AVP and Lead Principal - Education and Research TAFF BE 47 26 Apr 1 2015 681940 Wipro Technologies Limited Manager - Training
Arun Kumar Krishnan VP and Product Delivery Head FINACLE BE M.Sc (Engg) 52 26 Jul 31 2015 2822965 Welldoc software Pvt. Ltd. VP - Product Development
Ashok Virbhan Lalla AVP and Principal - Marketing Manager MKTG B.A. MMM 44 21 Jun 3 2015 1405745 GROUPM Leader Digital South Asia
Babu N. S. AVP and Product Line Manager FINACLE B.Sc M.Sc 43 21 Jul 31 2015 4466769 Aapson Computers Developer
Balachandran R. Product Line Manager FINACLE BE PGD 50 24 Jul 31 2015 2167590 Polari Software Lab Limited Principal Consultant
Balashankar VP and Head - Business Units Risk Management CORP BE 60 36 Nov 6 2015 6085353 BEL Manager and Dept. Head Of R&D
Deepak N. Hoshing VP and Head - Architecture FINACLE B.Tech 53 30 Jul 31 2015 6403441 Unisys Senior Systems Analyst
Ganesh Gopalakrishnan SVP and Group Head - Information Systems IS BE (H) PGD 53 28 Apr 15 2015 5624767 Asian Paints (I) Limited Systems Executive
Girish G. Kamat Product Line Manager FINACLE BE 43 20 Jul 31 2015 2094543 -
Guru Raja C. Industry Principal FINACLE B.Sc CAIIB M.Sc 55 32 Jul 31 2015 2026384 Canara Bank Officer
Hemant Govind Kalgaonkar Delivery Manager FINACLE BE 42 20 Jul 31 2015 2103372 Satyam Computers services Limited Asst. Consultant
Issac Mathew Principal — Knowledge Services DNA B.Tech MBA 42 16 May 15 2015 803836 Ashley marketelligent Private Limited. EVP Head of Client Services
Jasdeep Singh Kaler AVP and Principal Product Architect FINACLE BE 40 19 Jul 31 2015 2820543 -
Mahesh Dutt Kolar AVP and Regional Manager - Finacle Sales FINACLE BE PGD 46 21 Jul 31 2015 4917179 Wipro Fluid Power Executive
Mahesh R. Senior Delivery Manager FINACLE B.Sc M.Sc PGD 51 32 Jul 31 2015 2024700 Canara Bank Manager
Mahesh Venkataraman AVP and Delivery Head IVSU B.Tech 49 27 Aug 14 2015 3422633 Wipro Technologies Limited General Manager
Mala Chandrasekhar SVP and Group Head - Business Finance FIN B.Com ACA 43 17 Oct 12 2015 7150409 Ford India Limited Financial Analyst
Manish Narayan Savaji Lead Consultant FINACLE B.Sc TechB.Sc 47 22 Jul 31 2015 2161976 Accenture Senior Manager
Manisha Banthia Principal - Knowledge Services DNA B.Sc MBA 45 20 Jun 5 2015 1134421 IBPO PR - Group Manager
Mohan Kumar K. L. AVP and Senior Delivery Manager FINACLE B.Sc CAIIB 49 28 Jul 31 2015 3503617 Vijaya Bank Assistant Manager
Naresh Kumar K. AVP and Product Line Manager FINACLE BE 47 25 Jul 31 2015 4025700 -
Nishikant Nigam VP and Delivery Head CIS B.Tech 42 20 Apr 2 2015 1565151 -
Pandiya Kumar Rajamony AVP and Practice Manager CIS BE 44 21 Oct 22 2015 5548959 ANZ Information Technology Associate PM
Prasad C. AVP and Lead Product Manager FINACLE BE 43 21 Jul 31 2015 3824995 Grasim Industries Trainee
Praveen Gulabrani Industry Principal ADM B.Tech ME 44 21 Apr 23 2015 827464 Sapient Corpn Sr. Software Engineer
Rahul Goyal Delivery Manager ADM BE 41 18 Apr 292015 579154 -
Rahul Shah AVP and Industry Principal EAS B.Tech PGD 45 21 Oct 30 2015 5167733 IBPO PR - AVP - OPERATIONS
Rajasekaran K. S. Industry Principal FINACLE B.Sc PGD M.Sc 57 32 Jul 31 2015 2149364 -
Rajashekara V Maiya AVP and Principal - Product Strategy FINACLE B.Com M.Com CA 43 20 Jul 31 2015 4718706 Vishnu Bharat & Company Auditor
Rajendra Awasthi Senior Delivery Manager FINACLE Advanced Diploma BE (H) PGD 50 24 Jul 31 2015 2318202 Temenos USA Inc Project Director
Rajesh Shankaran Delivery Manager FINACLE BCS MBA 43 21 Jul 31 2015 2029991 Logicacmg India Head Direct Sales
Rajiv Bansal EVP and Chief Financial Officer FIN B.Com (H) CA ICWAI 43 21 Dec 31 2015 100573319 Tata Technologies (I) Limited Finance Manager
Raktim Singh Product Line Manager FINACLE B.Tech 42 20 Jul 31 2015 2111408 -
Rama Mohan Venkata Kadayinti VP and Head - Business Excellence QLTY BE M.Tech 46 22 Sep 7 2015 6714869 IBPO AVP - Quality
Ramakrishnan K. R. Product Line Manager FINACLE B.Com ACS CAIIB 52 32 Jul 31 2015 2252365 Canara Bank Officer
Ramchandran V Engagement Manager FINACLE BCS MBA 42 17 Jul 31 2015 2114258 Oracle financial services software Ltd. Consulting practice Director
Roshan Kumar Subudhi AVP and Delivery Head EAS B.Tech PGD 44 19 Oct 9 2015 5553147 Sierra Atlantic Software Services Limited VP - Enterprise Applications
Sanjayjalona EVP and Segment Head MFG M.Sc 47 25 Aug 7 2015 20536459 Gemplus India Private Limited Director
Savio D’Souza VP and General Manager - IP Deployment and Commercialization DNA B.Sc MCA 46 23 Aug 31 2015 2718264
Sheenam Ohrie VP and Delivery Head FINACLE BE 45 23 Jul 31 2015 3948172 SAP Labs India VP
Siddarth Arvind Shah Engagement Manager MFG B.Com PGD 37 14 May 19 2015 1049112 E&Y Asst. Manager - Markets
Siva Subramaniam G. V Product Line Manager FINACLE B.Com 40 20 Jul 31 2015 2241893 ICICI Bank Home Finance Co.Ltd. Head - All India Branch Operations
Srinivas Padmanabhuni AVP and Principal Research Scientist CORPTECH B.Tech M.Tech Ph.D 46 17 Oct 26 2015 4049184 Firewhite Inc. Software Architect
Srinivasan Ayyamoni Lead Consultant EAS B.Com ACA 41 18 Apr 30 2015 504489 Scope international (p) Ltd. Standard Chartered Bank Level 4 Business Analyst
Sudir Babu N. P. AVP and Senior Delivery Manager FINACLE B.Sc PGD 49 28 Jul 31 2015 2419485 First computer Corporate Manager - Operations
Suhas Bhaurao Patil Business Development Manager FINACLE Diploma BCS MMSc. 46 25 Jul 31 2015 2465132 Aurion pro solutions Limited VP - Sales
Sukanya Ghosh AVP and Principal — Marketing Manager MKTG B.A. (H) 46 23 Dec 1 2015 4273591 HSBC Electronic Data Processing India Limited SVP
Sunil Kumar Gupta VP and Service Offering Head FINACLE BE 51 18 Jul 31 2015 9703213 Logica Chief Operating Officer
Sunil Kumar Mishra Industry Principal FINACLE B.Tech PGDBM 41 18 Jul 31 2015 2992161 Accenture Services Private Limited Senior Manager
Uday Kiran Kotla AVP and Principal Technology Architect DIS BE MS 41 19 Apr 21 2015 1571623 Thought-matrix Managing Architect
Venkata Subrahmanyam Chivukula Principal Technology Architect FINACLE B.Tech 41 19 Jul 31 2015 2011339 Prism Informatics Software Engineer
Venkataramanan T. S. VP and Product Delivery Head FINACLE BE 51 29 Jul 31 2015 6384105 TELCO Limited Senior Systems Officer
Venkatesh S. G. AVP and Delivery Head FINACLE BE MBA 46 23 Jul 31 2015 3416041 Infosys delivery Manager
Venkatesh Vaidyanathan VP and Product Delivery Head FINACLE B.Sc MCA 48 24 Jul 31 2015 3915949 SAP Labs India Vice President
Venkatramana Gosavi VP and Regional Head FINACLE BE MBA 51 26 Jul 31 2015 7231994 Ramco Systems Country Manager - India and Middle East
Vinay C. S. AVP and Associate Regional Manager - Finacle Sales FINACLE BE 47 23 Jul 31 2015 2661297 ARK Technologies Manager
Vishnu G. Bhat SVP and Unit Head CIS BE 47 23 Apr 10 2015 2885619 R.V College Of Engineering Lecturer

Note : The above table is based on payouts made during the year.

Employed for part of the year with an average salary above Rs.5 lakh per month

Legend
Designations at Infosys
AVP Associate Vice President
EVP Executive Vice President
SVP Senior Vice President
VP Vice President
Units at Infosys
ADM Application Development and Maintenance
CCD Computers and Communication Division
CDG Communication Design Group
CIS Cloud and Infrastructure Services
CORP Corporate
CORPSTGY Corporate Strategy
CORPTECH Corporate Technology
DIS Digital and Integration Services
DNA Data and Analytics
DX Digital Experience

 

Units at Infosy
EAS Enterprise Application Package Services
ECS Energy & utilities Communications and Services
ENG Engineering Services
FAC Facilities
FIN Finance
FINACLE Finacle
GDLY Global Delivery
HRD Human Resource Department
IGC Infosys Consulting
IND India Business Unit
IS Information Systems
ISG Information Security Group
IVSU Independent Validation Solutions
LEGAL Legal
MFG Manufacturing

 

Units at Infosy
MKTG Marketing
MRCL Manufacturing Retail Consumer packaged goods and Logistics
PLATFORM Platforms
PURC Purchase
QLTY Quality
TAFF Talent Fulfilment


Notice: Undefined variable: mediaAbsUrl in /usr2/unibs/application/modules/live-market/controllers/CompanyController.php on line 6119