The yearly performance review cycle of Infosys has begun, reigniting employee expectations for long-awaited pay raises in 2026. In an email, the HR department of the Bengaluru-based IT services behemoth requested that employees submit their self-evaluations by October 17. Employees feel that this appraisal season is more important than the normal one.
Following delays and smaller-than-normal raises in the previous two years, many are anticipating a rise. This is a standard procedure, but staff anticipate the business will grant them a rise this time, unlike last year, an Infosys employee told the Economic Times.
How Infosys’ Performance Review Cycle Works?
The review cycle at Infosys runs from October to September. Usually, ratings are distributed by January, and in June, the final appraisal letters and updated salary are made public. But in recent years, the business has frequently postponed the procedure. The FY24 final appraisal was postponed and released in January and April of 2025.
While those at JL6 and upwards had to wait until April, employees up to the JL5 level—including team leads—received their raises in January. In comparison with the November 2023 modification, the rises were still 5–10% lower across all bands.
After a difficult year during which Infosys suspended compensation increases in FY22 to save money, which had a negative effect on staff morale, the 2023 rise was announced. The corporation employs around 3.23 lakh people, and the Indian IT industry pays special attention to its appraisal policy.
Infosys Asking Employees for their Key Contributions
Employees have been invited to highlight their major accomplishments, difficulties, and contributions throughout the past year in the current cycle. Additionally, the email instructs employees to identify areas for skill growth, set development goals, and match current goals with future positions.
“This is your chance to evaluate your main endeavours, results, obstacles, and successes and establish goals that are ready for the future,” the organisation informed staff. Salary increases will once again be determined by performance reviews, with increases being correlated with criteria like “met expectations”, “commendable”, and “outstanding performance”.
Other Players too Opting for Annual Performance Reveiw
Infosys is not the only company that is drawing attention to assessments. Tata Consultancy Services (TCS), its competitor, has also begun assessing its performance. Chief Human Resources Officer Sudeep Kunnumal stated in an internal memo that TCS has implemented compensation increases for C3A-level staff, with top performers receiving double-digit rises, starting in September 2025.
On October 16, Infosys will release its second-quarter financial results. According to analysts, the size of the impending pay increases may depend in part on the company’s financial performance. The big concern for workers is still whether they will get the rise they have been hoping for in 2026.
Quick Shots
•Infosys
has begun its annual performance review cycle for employees.
•Self-evaluations
must be submitted by October 17, 2025.
•Employees
are hoping for pay hikes in 2026 after two slow years.
•The review cycle runs from October
to September each year.
The information technology market is among the fastest-growing segments of the economy, with endless possibilities for professional advancement. The industry provides immediate jobs, options in all sectors, various professions, and large pay, and it is simple to join this market without a bachelor’s degree.
A career in IT means helping folks, fixing issues, and trying new things daily. It’s a versatile field that benefits both generalists and specialists. Furthermore, it is a broad industry with good entry-level pay. So, if you want to build your career in the IT industry check out these steps.
If you want to make a career in IT, you should understand what that entails or what sorts of jobs are available. Exploring to familiarise oneself in the IT domain is a smart approach. There are numerous Youtubers, webcasts, discussion portals, and articles devoted to teaching you about IT jobs and which IT jobs are a better match for you.
Make a list of roles that amaze you. Do you want to support a firm’s computer systems operating smoothly, or do you want to create websites? What types of firms pique your interest? What roles do you think you’d be interested in?
This will assist you in narrowing down your job hunt. It will also familiarise you with a few of the terminology you will find throughout the phase. If you’re unsure where to begin, check out popular entry-level IT roles or research IT professions.
Do you believe that IT roles are just available in large cities?
That isn’t entirely accurate. While big American tech giants and innovators are centered in urban parts of the nation, IT professionals can work for practically any entity that utilizes a pc. IT employees may be needed at your bank, college, or local hospital. Furthermore, there is proof that localities are developing into unique startup centers. Startup financing has increased in cities such as Boulder, & Ann Arbor recently.
Remember that roles in big towns may also be open for working remotely.
2. Improve Your Pertinent It Skills
Managers’ preferences for skillsets in IT employees can differ by role. Examine multiple job postings that allure you to view what skillsets you should hone.
Here are some skills that you’d see in an IT JD.
System software: Knowledge of the Linux, and MS OS can place you in a decent role with a range of products & widen the firm for which you are eligible.
Safety: A basic insight into digital technology safety can help you in your career as an IT expert. Encryption is an example of such a notion.
Channels: Understanding the fundamentals of connectivity issues such as internet connectivity and Internet protocol services may prove to be helpful in one’s job hunt.
Interaction: Interacting with those around will almost certainly be an important task in IT. IT experts are frequently required to aid other internal stakeholders with operational glitches or to help teams to launch big initiatives. Enhancing your soft skills could be extremely beneficial to your career.
3. Obtain Certification
Cert is an excellent method to access a cert while also learning basic IT topics. If you’re entering the industry, you can discover a broad range of fundamental IT definitions by obtaining a particular entry-level credential.
Accreditations in specific fields of IT, such as cybersecurity or systems, are available. It can be useful if you’re looking to get into a particular IT sector.
Obtaining a credential necessitates passing a test. Courses for certifications can be found on Google or in-person at spots like state universities.
Remember that certificates can charge big bucks. However, if you are optimistic in your plans to attend the IT field and need to gain skills and qualifications, it may be a good purchase. If you’re hired and believe that an IT credential would help both you & the firm, you can ask your boss if they could cover the test fees.
Employment of the IT-BPM industry in India
4. Boost Your Expertise
If you’re searching for a career as a computer technician or an administrator, a skillset in your domain is probably to be among your most valued assets. You can attain expertise in several ways.
Courses: Curriculum, whether digital or in-person, frequently necessitates the completion of practically oriented projects. Some of them might even help you prep for certifications. You might also be able to locate beginner’s IT classes at your university or virtual.
Individual initiatives: If you perform well without a lot of frameworks, you can experiment with learning through side projects. Developing your apps, designing a webpage for a buddy, or toying with a network system can all put your knowledge to the test & offer you stuff to brag about in interviews.
Summer jobs: Traineeships may not necessitate expertise & can be an excellent way to put your abilities to use in a workplace.
Freelance work: Web designers, for example, can work as contract workers. While searching for a good career, freelance work can be a nice way to end personal projects.
Volunteer work: Many non-profits require assistance. Delivering your expertise can assist you in completing hands-on initiatives which you can use to support a resume.
Schooling: While a bachelor’s isn’t required for several IT roles, you can obtain the necessary in-depth knowledge in a similar field such as comp sci. If you’ve got the energy and time to devote to a bachelor’s or diploma, it’s a viable option.
5. Build Connections
Socializing can help you learn about a specific job role, expose you to possibilities you might not have known about, or get a leg up in the interview process. Old workmates, pals, relatives, former school alumni, and folks you connect with on career platforms like Linkedin can be part of your network.
Keep in mind that effective connections do not always result in a better job. You can also use networking to discover what is it to operate in IT or get help with your job hunt.
6. Find Entry-Level Jobs
A small bit of relevant work expertise in almost any domain is required for an entry role. However, despite the diversity of tasks you can carry on with an IT employee, an entry-level role may have a multitude of labels. Here are some entry-level designations to glance at in your new career:
Game Developer
IT coordinator
Customer Care expert
System expert
Database administrator
7. Improve Your Communication Skills
You will probably be asked both behavioural and technological questions during the recruitment process for a role in IT.
Practice your solutions to various IT interview topics to help you prep for a session. Read the JD to get an idea about what you’ll need to learn. Prepare some tales about your prior events, such as back when things ran smoothly and occasions when they didn’t—and what you’ve done about that.
Conclusion
IT has permeated and profited all industries. IT experts are sought after for their skill and knowledge in designing, supporting, and maintaining computer systems for a wide range of industrial and personal uses.
There are numerous prospects for advancement in IT, no problem where you begin or in what capabilities you begin. It offers amazing opportunities for career growth and advancement.
If you desire to seize opportunities for advancement that professions in IT provide, you must devote yourself to broadening your understanding, achieving your career aspirations, and devoting yourself to your organization’s growth. When it comes to IT jobs, the more manoeuvrable you seem to be, the more useful you’re to your boss.
So, if you’re considering a new journey or a fresh start and thinking about what would be a pretty good gig, the IT sector could be at the forefront.
FAQs
How can I make my career in the IT industry successful?
Work on your communication skills, gain practical knowledge, build an amazing resume, and research the company you want to join.
How do I get into the IT industry with no experience?
Getting a certification, Networking with the right people, Improving your skills, and looking for entry-level jobs are some of the ways you can get IT industry with no experience.
Is the IT industry a good career?
Yes, the IT industry is an industry where you can easily get into and build a successful career. The industry is full of opportunities.
Infosys Limited is one of the most well-known Multinational Tech Companies in India, headquartered in Bengaluru, Karnataka. The company is known for services like Business Consultation, IT and Outsourcing.
Infosys was established in 1981 and is now NYSE listed global consulting and IT company with more than 2,49,000 employees all around the world. The company is also considered to be the second-largest IT Company in India after Tata Consultancy Services. Infosys is also ranked 602nd largest company in the world according to the Forbes Global 2000 ranking.
Infosys first started out with a capital of $250 but now has grown into a company that generates over $14.22 billion in revenue in the year 2021, with a market capitalization of approximately $90.25 billion.
The company is over 40 years old and made a lot of development for the IT industry in India over the past years. It has played a role in the country’s emergence as a hub for software services. The company presently has over 123 development centres all over the world but is well known in countries like India, the US, China, Australia, Japan, Middle East and Europe.
Over 60%, 24% and 3% of its revenue was generated from North America, Europe and India in 2019, while the rest 13% comes from other parts of the world. Infosys is the first Indian company to be listed on NASDAQ. It has also created many salaried millionaires over the years.
The company works in domains like finance, insurance and manufacturing and provides services like NIA (Net generation AI platform), Infosys Consulting, Infosys Information platform, EdgeVerve Systems, Panaya Cloud Suite, Engineering services and digital marketing. Another well-known product is Finacle which is a universal banking solution.
Infosys wasestablished in the year 1981 by N R Narayan Murthy and six other engineers in Pune, Maharashtra with a small capital of $250.
Know everything about Infosys Business Empire
By 1987, the company had already opened its first international office in Boston, US. In 1992, the company went public so had to change its name from Infosys Technologies Private LimitedtoInfosys Technologies Limited.Later, the company was renamedInfosys Limited in 2011.
The company received the ISO 9001/TickIT certification and opened a development centre at Fremont in 1994. In the next year, Infosys also opened its first European office in the United Kingdom and will also set up its business practice.
The tech company established the Infosys Foundation and was assessed at CMM level 4 in 1997. It wasn’t until 1999 that Infosys got listed on the NASDAQ. Infosys becomes the 21st company in the world to achieve a CMM level 5 certification and opens offices in countries like Germany, Sweden, Belgium, and Australia.
Infosys has its offices in France and Hong Kong and development centres in Canada and UK in 2000 and has also expanded its offices in UAE, Argentina in 2001. The same year the company goes on to launch Finacle which is a universal banking solution.
In 2002, the company expanded its offices to countries like Netherlands, Singapore and Switzerland. The company finally reached the US $1 billion mark in revenue and then launched Infosys Consulting Inc in 2004.
Infosys crossed the $5 billion revenue mark in 2010 and even gets listed on the NYSE in 2012. According to Forbes, Infosys became the world’s most innovative company. It provided $250 million to help the “Innovate in India” and in order to support startups in India in 2015.
The company finally launched the awaited Infosys Maya. It is a platform that helps drive automation and innovation in companies. It has also launched Skava Commerce, a modular for e-commerce platforms in 2016.
In 2019, Forbes ranks Infosys as No. 3 in the best-regarded companies list and also launches the Infosys Live Enterprise Suite. In 2020, the company targets to attain carbon neutrality and even announces its ESG Vision 2030 where it would measure targets across the environment, social and governance.
Infosys Limited has been ranked number 1 in the 2021 HFS Top 10: Banking and Financial Servicesas per The Best of the Best Service Providers report.
EdgeVerve is one of the most popular Infosys subsidiaries that is known for its products and services. It is an innovative software product and offers an on-premise or cloud-hosted business platform. The company is a global leader when it comes to Automation and AI.
The company works in sectors like banking, digital marketing, interactive commerce, distributive trade, and credit servicing, and even enterprise buying and customer service. The company has a portfolio of AI which includes Infosys Nia, automation with AssistEdge and business applications like TradeEdge and ProcureEdge.
EdgeVerve also helps other companies in developing deeper connections with stakeholders and make innovations. Nowadays global companies from financial services, insurance, retail, life science, manufacturing and telecommunication use the company’s products.
One of its most known services is the Finacle, a universal banking solution that serves over 547 million customers nearly 16.5% of the world’s adult banked population. By providing these services the company is creating possibilities and helping other enterprises grow.
Panaya
Panaya – Infosys Subsidiary
Panaya is an international subsidiary of Infosys which is a software company based in the US. Some of its popular products and services are automated code remediation, collaboration test management and test execution and ALM acceleration.
The company is a leader in providing Automation technology, especially to large-scale enterprises. Panaya is a popular software as a service (SaaS) company and has its presence in the US, EMEA and Asia and also has its subsidiaries in Israel, Germany, Japan and Australia.
Infosys BPM Limited
Infosys BPM – Infosys Subsidiaries
Infosys BPM became a subsidiary in 2002 and is known for business process management. The company mainly operates in countries like India, Poland, Netherlands, South Africa, Brazil, Mexico, the US, Puerto Rico, China, Philippines, Australia and others.
The company focuses on providing end-to-end outsourcing and other benefits at lower costs, productivity improvements and process reengineering. The company also has other subsidiaries under it that are Infosys Portland and Infosys McCamish Systems.
The company is headquartered in Bengaluru, Karnataka and is mainly popular for integrated outsourcing and transformative services. More than 60% of the company’s business comes from the overlapping clients of their parent Infosys.
Infosys BPM has so far opened 33 delivery centres in 14 different countries and 44,443+ employees from more than 110 nationalities. The company has also won over 60 awards and recognition in the past 5 years.
Infosys Consulting Holding AG
Infosys Consulting – Infosys Subsidiaries
This company was initially called Infosys Lodestone. It is a global company known for providing consulting, technology, outsourcing and next-generation services. The company is now a global advisor to leading companies on things like process engineering and also managing tech-enabled transforming programs.
The company offers various customized solutions to the businesses that their clients face and also helps them renew their existing IT landscapes along with bringing in new technology and innovation to their business.
One of their most well-known services is the Infosys Aikido which includes working with clients in order to leverage the knowledge of systems. The company has so far conducted over 150 design thinking workshops and is actively engaged in 50 plus global companies and using Aikido to transform programs.
Infosys consulting holding tries to combine human-centric approaches with advanced technology and help companies to reimagine their future and create lasting business value.
Infosys Public Services Inc.
Infosys Public Services – Infosys Subsidiary
The company is a US-based subsidiary of Infosys known for providing services like business consultation, technology solutions and even advanced digital service.
Infosys Public Services, Inc. helps public sector organizations mostly in the countries like the US and Canada to stay ahead by innovating new things.
Their services allow their customers to renew their companies and come up with new avenues to generate value. The company has over 40 plus years of cross-industry experience and is also adapted for the public sector. The company also provides flexible delivery models for predictable and on-time execution.
Infosys Consulting Limited
Infosys Consulting – Infosys Subsidiary
This is another well-known international Infosys subsidiary that was established in Brazil in 2009. The company is said to have many offices in cities like Sao Paulo, Rio De Janeiro and Nova Lima.
Infosys Consulting helps its clients by providing business solutions, leverage technology, and global infrastructure. Their main vision is to show courtesy to their clients, employees including vendors, and society at large.
The company has so far been respectful and successful in Brazil and is also considered to be one of the fastest-growing subsidiaries of Infosys. With the help of this company, Infosys has managed to expand in the Latin American market which is important as the region has huge potential in the IT and enterprise applications market with a booming economy.
Kallidus
Kallidus – Infosys Subsidiary
Kallidus Inc, a US subsidiary of Infosys, is headquartered in San Francisco, California. The company is known for developing and providing mobile commerce and also helping its clients with digital marketing.
Kallidus is good at developing applications, websites and various other digital shopping experiences for devices like mobile, tablet, desktop, etc. It also helps its clients at all stages of the value chain including design, implementation and managed services for retailers.
Kallidus owns SkavaONE, which is a cloud-based tech platform well known for creating mobile commerce websites, mobile apps, online marketing campaigns and social media experiences for their clients.
This also includes services like Mobile commerce suite, in-store suite, digital commerce suite, and Skava studio. The company offers maximum flexibility in e-commerce integration with API, raw data adaptors in order to create an Omnichannel experience.
Noah Consulting LLC
Noah Consulting – Infosys Subsidiary
Noah Consulting, LLC is a global leader when it comes to management consulting services. The company helps oil and gas companies in managing, creating and deploying the information solutions for the business to generate value from their oil and gas assets. It focuses on providing the best data management, data warehousing, data integration, business intelligence, information quality and even data management solution.
The company has over 15 years of experience in delivering practical solutions to the most complex information challenges the industry faces. Noah Consulting has its headquarters in Houston, Texas with over 50-100 employees. The company has a deep knowledge of the industry, information strategy planning, data governance which is why it is one of the most important subsidiaries to Infosys.
Infosys is now a successful conglomerate known in more than 50 countries and popular among countries like India, the US, China, Australia, Japan, Middle East and Europe. The company has played a main role in the development of the IT Industry of the country and was pioneered by a lot of innovations.
The company is now a global leader when it comes to consulting, technology, outsourcing and next-generation services. They help their clients to always stay ahead in the industry by helping them attain the business trends by providing various solutions.
FAQs
What are the main services of Infosys?
The company is known for services like Business Consultation, IT and Outsourcing Services.
Where is the headquarters of Infosys?
The headquarters of Infosys is in Bengaluru, Karnataka.
Covid has created a large negative impact on most of the industries in the sector. It has disrupted the economic activities in the country. Most of the sectors are being impacted due to the pandemic. Let’s look at how the various startups can help the government in the Covid-19 vaccination drive.
Since the major sectors of the country have been disrupted due to the ongoing pandemic. There is an opportunity for the various startups to help the government in the Covid-19 vaccination drive. It is said that in every crisis there will be an opportunity.
The healthcare startups have a seminal opportunity in helping the government by aiding and facilitating the vaccination drive in the country. Whereas the other startups like healthcare, IT, logistics, etc. will have plenty of opportunities in various other activities.
IT systems can play a really important role in the vaccination drive. They can help the government by playing a central role in creating and maintaining information related to the vaccination drive. They can do the enlisting and enumerating the people involved in the drive, they can keep the track of the number of dose intake during the vaccination drive of different people.
They can also use the various national IDs such as PAN card, Aadhar card, etc. to keep a number and to identify the individuals and their participation in the drive.
The IT sectors will have to ensure that the vaccination doses are delivered to the vulnerable and the critical sections around the country. They will have to combine their mapping applications and the startups will have to ensure that there is a coordinated vaccination campaign.
They also play an important role in identifying the genuineness of the vaccinations in the country. They will have to quickly detect it. They will have to identify the counterfeits and prevent the use of such counterfeits in the patients.
They will have to help the government in finding the source of such counterfeits and also use social media and other online sources to create awareness among the general public regarding the dangers that are caused by these fraudulent vaccines.
The logistics startups also play a very important role in the vaccination drive. They play a central role in fine tuning the appropriate delivery of the vaccines across the country. The logistics space in India has undergone a lot of developments.
The logistics in India have been innovating and adapting to the new technology to address the challenges faced due to the transportation. The new innovations and technology adaption in the logistic space can help the government in delivering the Covid vaccines to every nook and corner of the country in regular intervals.
Logistics market
The startups can also conduct various activities to share the social information regarding the Covid vaccine drive. They can help in creating trusted communities and categories people of the similar demographics, same geography or people with the same affinities.
These details can be used to discuss various factors which include the vaccination experience, after effects, opinions on the facilities and the actual process, best practices in the vaccination process and documentation on how to deal with the various aftermaths can be documented.
These can be used to share an opinion and be used to socialize for a larger ecosystem.
How Government can utilize this data
All the above details can be used by the government for a timely, granular and actionable plan to utilize it for the entire vaccination drive in an idealized fashion. The government can analyze various other factors such as which vaccinations to order, in administering the vaccines such as the ones that are imported and homegrown, where the vaccines are to be shipped and the logistical details of it.
They can also make decisions on whether to continue the vaccination drive or they will have to continue with a private partnership or public partnership. The government can also analyze the data sets and create vaccination drives in the most needed places and areas.
They can also redirect the resources such as financial and personnel according to the needs of the vulnerable section in the country.
COVID-19 vaccination drive has been initiated to cover healthcare and frontline workers and is to be scaled up to cover citizens above 60 years of age and and/or citizen above 45 years of age suffering from comorbidities.
How many people are vaccinated for Covid in India?
As of April, 8, India had administered 9,01,98,673 total doses of the Covid-19 vaccine.
Is there a shortage of vaccines in India?
Union health minister Harsh Vardhan had stated on that there is no shortage of shots in India. “All the claims of states are baseless and centre is supplying vaccines to all states equitably irrespective of the ruling party.
Conclusion
The startups can help the government in making the vaccination drives easier and carrying it forward more effectively. These are the various ways through which the Indian startups can help the government in Covid 19 Vaccination across the country.
Tata technologies were founded in the year 1989, situated in Pune, India. It is one of the largest firms in India. Tata Technologies provides services in product lifecycle management, engineering and design, product development, manufacturing, and IT service management to automotive and aerospace original equipment manufacturers and their suppliers.
The company has branches in North America, Middle eastern countries, the Asia-specific region, and Europe. They have their regional headquarters in the United States. The company has around 8,000 employees which is their global workforce since they operate in more than 25 countries.
There was a recent controversy against Tata technologies which said that they had illegally terminated around 800 – 1000 employees.
In June 2020 Tata Technologies has put around 400 employees on Furlough. In simple terms, furlough is a temporary leave that is given to employees due to certain needs of the company or employer. It can be because of special needs like economic conditions.
June 2020, when the lockdown was imposed in India and the company saw its business slowing down during the pandemic. This was the reason for putting the employees on Furlough.
According to the company, the employees on furlough would be part of the company and would have access to their corporate insurance. But the employees wouldn’t receive their monthly salary until their furlough is removed. These 400 employees were asked to continue their leave until 31 December 2020.
On 1 March 2021, around 800 – 1000 employees received an email of termination from the company. The email had the content which said that the employees would receive a month’s salary and 31 March 2021 would be their last working day. The employees will be terminated without providing them their compensations, when they were on furlough.
The email received by the employees said that they were being asked to leave since the company was not able to find any billable assignments for its employees. The company has also stated that during the employee’s paid and unpaid leaves.
The company stated that, they tried to find billable assignments for employees. But unfortunately, they couldn’t find billable assignments according to the employees proportionate job expertise, work experience, and qualification.
NITES is an employee union that is a non-profit organization. It is based in Pune, Maharashtra. NITES (Nascent Information Technology Employees Senate). NITES has received several complaints from the employees of Tata regarding the termination.
Harpreet Saluja, the president of NITES has filed a complaint with the Labor Commissioner’s office in Pune. NITES has filed a complaint to take legal actions against Tata technologies, Hinjewadi, Pune. NITES filed a complaint stating that the employees were illegally terminated for maintaining the profitability of the business, during the pandemic.
According to the purview of the Industrial Disputes Act and the Shops and Establishment Act, IT firms like Tata technologies can’t implement Furlough. The concept of Furlough is considered illegal for IT firms.
In the complaint which was filed to the Labor Commissioner Pune, NITES wrote that the company has violated the Statutory Labor Laws and other rules and regulations issued on 31 March 2020 by the Government of Maharashtra.
NITES has stated that they are expecting the authorities of the state/central government to take necessary actions towards the company. They would want the authorities to provide them with a basic structure to handle such situations.
They would want the authorities to take strict actions so that this can be an example to other companies, also the rights of the employees would be protected. This incidence should avoid such insensitive behavior towards employees in the future. This was stated in the complaint letter provided by NITES.
Tata Technologies have refused such claims. It stated that they haven’t terminated 800 employees. They had a discussion with a selected set of employees and according to the discussion they had opted for paid leave and later on followed by unpaid leave. This was for a specific period of time.
The company also stated that these employees were still part of the company and received health and medical insurance from the company. Tata has claimed that even their immediate family members were covered under their corporate insurance policy.
The company said, due to the arising business challenges during July 2020 because of the lockdown in India. They had taken measures to make Tata technologies an agile, flexible, and responsive organization. They have said that the statement by NITES is not true.
FAQ
Do employers have to pay for layoffs?
Generally employees who lose their jobs in a layoff have no automatic right to severance pay but there are few exceptions-Mass layoff severance. The company has to provide a small amount of severance.
Can you be rehired after being laid off?
Yes, There are are no laws prohibiting employers from rehiring laid-off employees.
Who qualifies for furlough?
You can be furloughed whether you are on a full-time, part-time, agency, flexible or zero-hour contract, but you must have been on your employer’s payroll before the extension was announced.
Conclusion
The spokesperson of the company has stated that they were successful in assigning 18% of their employees with new tasks and projects. Meanwhile, the company has been trying to communicate and maintain the relationship with the remaining set of employees sticking to their statutory norms.
Ashok Soota is the Executive Chairman of Happiest Minds Technologies Limited. He is one of the pioneering leaders in the field of IT industry with 30 years of experience. He has debuted on the 2020 edition of the IIFL Wealth Hurun India Rich list with 282th rank with a wealth of ₹3,700 Crore. He headed three IT outsourcing company and Happiest Minds is his latest start up.
Ashok Soota was born in, what is presently known as, the North West Frontier of Pakistan (NWFP). He was the fourth child among six. The family lived in Murre. His father was employed as a doctor in the British Indian Army. After the partition, the family lived shortly in Delhi and later in Lucknow.
He completed his formal education from India and higher studies from abroad. He is an entrepreneur, who played a vital role in establishing IT externalizing company. He has proved that age limits no boundaries. At 77, he is regarded as one of the most influential entrepreneur. All the lifetime achievement awards did not let him rest as he is determined to work for the growth and betterment of IT industry.
He completed his Senior Cambridge at Delhi in 1958. He pursued intermediate science from La Martinere, Lucknow. His higher secondary education was completed by 1960. He opted for bachelor’s degree in Electrical Engineering from the University of Roorke (at present- Institute of Technology Roorke). He obtained his graduation degree in 1964. He later pursued Masters in Business management from the Asian Institute of Management, Manila, Phillipines in 1973. He is the co-author of “Entrepreneurship Simplified. “
Ashok Soota- Professional Life
In 1965, he started his career with the Shriram Group of Industries in India. He served as the president of Wipro Infotech for around 15 years term starting from 1984 to 1999. During his term of office, Wipro’s IT business grew from $2 million in 1984 to a $500 million run-rate in 1999.
In 1999, he co-founded an Indian multinational IT outsourcing company called Mindtree, headquartered in Bangalore, India and New Jersey. The company employs approximately 20,212 employees with the current revenue of $1 billion. The offices run from America, Europe and Asia.
In 2011, he co-founded an IT externalizing company named Happiest Minds Technologies Limited, headquartered in Bangalore, India. A company known for digital transformation, infrastructure, security and product engineering services. It also has its global presence in the United States, United Kingdoms, Canada, Singapore and Australia.
The business units of the company is aided by three Centres of Excellence which are Internet of Things, Analytics / Artificial Intelligence, and Digital Process Automation. The company deliver its services across industry sectors such as Edutech, Hi-tech, Retail, Industrial, Manufacturing, Banking, Financial services and Insurance, Engineering Research and Development, Travel, Media and Entertainment.
The shares of Happiest minds were sold at a price range of 165-166 rupees ($2.3) apiece. Ashok sold a part of his stake and raised 1.4 billion rupees. Moreover, the company gets 97% of its revenue from digital services in comparison with 30-50% of its local peers.
During the COVID-19 pandemic, Ashok thought of stuffing the Initial Public Offer (IPO) and almost 76% of his revenue was not affected by the lockdown. The IPO of his latest startup, Happiest Minds Technologies Ltd. was oversubscribed 151 times, and it became India’s most successful first-time share sales of this decade. It has raised ₹700 crore. The company is expected to expand at an annualised rate of 20%, almost twice of the industry growth rate. While the IPO of Mindtree Ltd. was oversubscribed more than 100 times. He took Mindtree public in 2007. The oversubscription indicates the premium at which maximal Indian market is priced at.
Ashok Soota- Philanthropist
He is the founding chief patron of the Samarthanam Trust for the disabled. This organisation works for the betterment of disabled people to excel in every field of life.
He is the founding trustee of Ashirvadam. A NGO that lays emphasis on the environment and works to uplift the underprivileged. It supports the needy in terms of education, vocational training and medical support.
Ashok Soota- Awards
In 1992, he received an award for the Electronics Man of the year by the Electronic Component Industries Association (ELCINA).
In 1994, he received the IT Man of the Year by Dataquest.
In 1997, he received the IT Man of the Year by Computer World magazine.
In 2002, he was recognized as the person who brought IT industry to a place where people could feel its presence in their daily life. Therefore, the e-information Systems, Security, and AuditAssociation proudly accorded him with the highest award of the HONORARY FELLOWSHIP of the society .
He was conferred with the Prof S N Mitra Award from the Indian National Academy of Engineering and the Golden Peacock Award for Technology Leadership.
He got the “Most Innovative People Award” presented on the world’s top 10 personage at the 2008 World Summit and Innovation and Entrepreneurship (WSIE). He was recognized among the field of Knowledge innovation.
In 2015, he received the Agile Lifetime Achievement Unicom.
In 2016, he received the Lifetime Achievement Award at the Express IT Awards.
In 2018, he was conferred with the CyberMedia ICT Business Award.
In 2018, he received the Chiratae Lifetime Achievement.
