Infosys Appoints Ashiss Kumar Dash as CEO Designate, Confirms October Salary Hikes and 20,000 Fresher Hiring

Infosys has appointed Ashiss Kumar Dash as its Chief Executive Officer-designate, setting in motion a planned leadership transition that will see him succeed Salil Parekh as CEO and Managing Director from April 1, 2027, subject to shareholder and statutory approvals. The appointment, approved by the Board on the recommendation of the Nomination and Remuneration Committee, comes alongside the IT major's first quarter FY27 results and key workforce announcements.

Dash, who has spent more than 30 years at Infosys, currently serves as Executive Vice President and Global Head of Services, Utilities, Resources, Energy and Enterprise Sustainability. An IIT Kharagpur alumnus, he has led large scale digital transformation initiatives, AI driven business strategies, and global industry operations. He has also represented Infosys at international forums including the B20 Summit and serves on the boards of several Infosys subsidiaries.

He will serve as CEO-designate until March 31, 2027, before taking over from Parekh, whose second term concludes at the end of March 2027 after leading the company for more than nine years. Infosys said the transition is aimed at ensuring leadership continuity as the company navigates rapid AI led changes across the technology industry.

Alongside the leadership announcement, Infosys confirmed it will roll out employee salary hikes from October 2026, with most employees receiving revisions in October and senior leaders in January 2027. The company also reiterated plans to hire around 20,000 freshers during FY27 and said it has already onboarded more than 4,000 graduates during the April to June quarter.

The Board also approved the grant of 9,836 Restricted Stock Units (RSUs) under the 2015 Incentive Compensation Plan for eligible new hires, effective August 1, 2026, with vesting spread equally over three years.

Infosys additionally allotted 4,77,767 equity shares of Rs 5 each following the exercise of employee stock options. Of these, 18,465 shares were issued under the 2015 Incentive Compensation Plan and 4,59,302 shares under the Infosys Expanded Stock Ownership Program 2019. Following the allotment, the company's issued and subscribed share capital increased to Rs 20,29,02,82,985, comprising 4,05,80,56,597 equity shares, effective July 23, 2026.

The appointment coincided with Infosys reporting 14% year on year revenue growth and 12.2% growth in net profit for the first quarter, while AI services contributed 8.2% of revenue, up from 5.5% in the previous quarter. The company also narrowed its FY27 revenue growth guidance to 1.5% to 3% amid cautious client spending driven by AI related uncertainty.