When Salil Parekh joined Infosys as CEO, the company was struggling with its inner conflicts. As a new CEO, it was a difficult task for him to stabilize the company’s operations.
Within 3 years, he made things better in the company. Due to his extraordinary efforts, he got the highest points among private sector CEOs to achieve the first rank in the research conducted by Forbes India.
Salil Parekh Contribution to Infosys
Salil Parekh’s tenure is considered more difficult than founder Murthy’s return to the CEO position in 2013. Murthy replaced Shibulal to become the CEO again due to the governance lapses in Shibulal’s tenure. Salil joined Infosys as CEO in 2018 due to Vishal Sikka’s departure.
In three years, he achieved immense results in Infosys. The growth was so visible that Infosys was the only firm among the top 3 IT companies that showed YoY growth in Q1 of 2021.
Parekh’s working style is totally different from Sikka’s. Later was a flamboyant CEO. Parekh always focused on customers, people, and proper execution.
Ray Wang, the Principal Analyst, said:
“Salil has brought much-needed stability in Infosys. I am quite amazed at the disciplined selling process of the company. Salil showed immense interest in innovative profitable deals with the clients. The public underestimates him. He has devoted his time to the delivery and execution of plans. He brought the focus back on fundamentals,”
Salil is following the footsteps of Murthy in building Infosys further. The company’s profitability has helped shareholders to earn a good return on their investments. In Salil’s tenure, Infosys was selected as India’s most ethical company of 2020 in a research conducted by Ethisphere.
Infosys Recent Key Operations
In Parekh leadership, the company has increased its trust level with its clients. Infosys is helping these clients to bring digital transformation to India.
In July, Infosys announced an agreement with Vanguard, the US-based fintech company. As per the agreement, Vanguard employees will join the Infosys US unit as Infosys employees. No party disclosed the financial details of the deal. Times of India revealed that Incosya had this deal with a total amount of $1.5 billion.
In December, Infosys started a partnership with German auto company Daimler. The deal is not revealed by any of the parties.
Currently, Infosys is providing cutting-edge technology in the field of cloud computing, automation, and artificial intelligence.