Info-tech

Infosys leadership feels insulted by charges, says Nandan Nilekani

Our Bureau New Delhi | Updated on November 06, 2019

Infosys Chairman Nanadan Nilekani   -  BUSINESS LINE

Nandan Nilekani says Infosys’ deal flows continue to be large

The top management of Infosys on Wednesday said all the allegations against the company are false, and that it feels “insulted with the (whistleblower group’s) accusations”.

Nandan Nilekani, the IT major’s Non-Executive Chairman, declared in an investor’s call that even God can’t change the numbers of Infosys. “We have an outstanding finance team. Feeling insulted by the accusations. But let the report come out,” he said. 

CEO Salil Parekh, against whom the whistleblower group has made allegations, said: “I have served with commitment and integrity to deliver a major business transformation in the large, complex organisation. I am grateful and heartened for the personal messages I received from the employees.” 

Conforming to norms

Nilekani said that contrary to reports, the company had responded responsibly to the complaints, and complied with the applicable laws and past practices. Large margin deals are entirely decided by the management, which is fully within its right to take calls about margins, he added. 

“The company’s deal flows continue to be as large as ever. We are proactively reaching out to customers and are happy that customers are trusting us. Even today morning Salil forwarded me a large deal,” he said. 

He further said all efforts are being made to ensure that the business does not suffer. “We will take necessary steps if the investigation substantiates the whistleblower complaint. Infosys is committed to defining and following the highest corporate governance standards. We will provide a summary of the  ongoing investigation after it is complete,” he said. 

Defending Parekh, he said Infosys on average has grown 11.4 per cent over the last four quarters under his leadership.

Denies lay-off plans

UB Pravin Rao, the company’s COO, said reports of a layoff are mere speculation and that there are no plans for job cuts. “Periodically, we keep a check on involuntary attrition at the mid and senior levels. We have invested a lot in the reskilling and upskilling of our employees. It does not make sense for us to let go of people,” he said.

Published on November 06, 2019

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