Nandan Nilekani's Selfless Act Continues, Infosys Chairman Chooses Not to Receive Pay for the 6th Time

Infosys demonstrated robust financial performance in the March 2023 quarter, with a noteworthy 7.8% year-on-year increase in consolidated net profit, amounting to Rs 6,128 crore. Additionally, the company's consolidated revenue for the same quarter witnessed a substantial growth of 16% year-on-year, reaching Rs 37,441 crore. Throughout the entire fiscal year, Infosys reported a remarkable revenue growth of 20.7% YoY, totaling Rs 146,767 crore.

Nandan Nilekani, the co-founder and Chairman of Infosys has made significant contributions to the company's achievements. Notably, as the founding chairman of the Unique Identification Authority of India (UIDAI), Nilekani played a pivotal role in implementing the Aadhaar project. Furthermore, his commitment to social causes is exemplified by his role as Chairman of EkStep, a non-profit initiative dedicated to leveraging technology to enhance basic literacy and numeracy skills for millions of children.

Under the leadership of CEO Salil Parekh, Infosys has been guided toward its strategic objectives. Despite the challenging global economic conditions, Parekh's visionary focus on digital transformation, cloud adoption, and automation has fortified the company's position. In his message to shareholders, Parekh acknowledged the prevailing uncertainty in today's world while emphasizing the continued significance of digital technology, cloud computing, and automation capabilities for Infosys' success in an ever-evolving economic landscape.