How Salil Parekh Has Outperformed Peers By Building New Capabilities In Digital, Cloud, Automation And AI

On CEO Salil Parekh’s watch, infosys is looking to cash in on the post-pandemic push for digital transformation. Ensuring the company stays the course will be Parekh’s biggest challenge

- Harichandan Arakali

In July, Infosys announced it had won a large contract with Vanguard, a Pennsylvania-based financial services company. As part of the contract, about 1,300 Vanguard staff would be moving to Infosys in the US to become the Bengaluru-headquartered IT services company’s employees. A senior Vanguard executive would also move to head Infosys’s MidAtlantic Retirement Services Center of Excellence and serve as the company’s chief client officer.

While Infosys didn’t disclose financial details, the deal was reported by The Times of India to be worth $1.5 billion, citing sources close to the development. “It’s the biggest contract in the history of Infosys,” COO Pravin Rao tells Forbes India, while declining to comment on the value.

Six years after the founders of the company relinquished control of Infosys to professional management, the IT company, which helped put India on the global map, seems to have everything going for it. Even the global Covid-19 pandemic could eventually provide a tailwind to the company as its biggest customers get back to spending more on technology, reshaping their own businesses for the post-pandemic world.