Financials

Annexures to Board’s report

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Annexure 1 – Statement containing the salient features of the financial statements of subsidiaries / associate companies / joint ventures

[Pursuant to first proviso to sub-section (3) of Section 129 of the Companies Act, 2013, read with Rule 5 of the Companies (Accounts) Rules, 2014 – AOC-1]

List of subsidiaries

in ₹ crore except % of shareholding and exchange rate

Name of the subsidiary	Financial period ended	Exchange rate	Share capital	Reserves and surplus	Total assets	Total liabilities (excluding share capital and reserves and surplus)	Investments	Turnover (1)	Profit / (Loss) before taxation (1)	Provision for taxation (1)	Profit / (Loss) after taxation (1)	% of shareholding
Infosys Consulting Holding AG (formerly Lodestone Holding AG)	Dec 31, 2015	1 CHF = ₹ 66.65	166	131	335	38	–	–	–	1	(1)	100
Infosys Consulting GmbH (2) (formerly Lodestone Management Consultants GmbH)	Dec 31, 2015	1 EUR = ₹ 72.11	1	29	196	166	–	571	(4)	1	(5)	100
Infosys Management Consulting Pty. Limited (2) (formerly Lodestone Management Consultants Pty. Limited)	Dec 31, 2015	1 AUD = ₹ 48.42	–	(18)	24	42	–	139	(5)	5	(10)	100
Infosys Consulting AG (2) (formerly Lodestone Management Consultants AG)	Dec 31, 2015	1 CHF = ₹ 66.65	1	86	401	314	–	978	84	20	64	100
Lodestone GmbH (2)(6) (formerly Hafner Bauer & Ödman GmbH)	Dec 31, 2015	1 CHF = ₹ 66.65	–	–	–	–	–	–	–	–	–	100
Lodestone Management Consultants Co., Ltd. (2)	Dec 31, 2015	1 RMB = ₹ 10.25	16	(41)	44	69	–	129	(18)	–	(18)	100
Infosys Consulting s.r.o. (2) (formerly Lodestone Management Consultants s.r.o.)	Dec 31, 2015	1 CZK = ₹ 2.67	–	4	8	4	–	16	3	1	2	100
Lodestone Management Consultants GmbH (Austria) (2)	Dec 31, 2015	1 EUR = ₹ 72.11	1	(3)	1	3	–	5	–	–	–	100
Infosys Consulting SAS (2) (formerly Lodestone Management Consultants SAS)	Dec 31, 2015	1 EUR = ₹ 72.11	1	(33)	8	40	–	42	(5)	1	(6)	100
Infy Consulting Company Limited (2) (formerly Lodestone Management Consultants Ltd.)	Dec 31, 2015	1 GBP = ₹ 98.07	–	39	303	264	–	620	21	6	15	100
Infy Consulting B.V. (2) (formerly Lodestone Management Consultants B.V.)	Dec 31, 2015	1 EUR = ₹ 72.11	1	6	45	38	–	87	12	3	9	100
Infosys Consulting Sp. Z o.o. (2) (formerly Lodestone Management Consultants sp. z o.o.)	Dec 31, 2015	1 PLN = ₹ 16.88	3	(1)	25	23	–	81	5	3	2	100
Lodestone Management Consultants Portugal, Unipessoal, Lda (2)	Dec 31, 2015	1 EUR = ₹ 72.11	5	(7)	5	7	–	20	(2)	–	(2)	100
S.C. Infosys Consulting S.R.L. (2) (formerly SC Lodestone Management Consultants S.R.L.)	Dec 31, 2015	1 RON = ₹ 16.01	1	5	8	2	–	20	2	1	1	100
Infosys Consulting Pte Ltd. (2) (formerly Lodestone Management Consultants Pte Ltd.)	Dec 31, 2015	1 SGD = ₹ 46.83	–	(39)	23	62	–	131	(5)	–	(5)	100
Lodestone Management Consultants Inc. (2)	Dec 31, 2015	1 USD = ₹ 66.16	1	10	91	80	–	282	27	17	10	100
Lodestone Management Consultants (Belgium) S.A. (3)	Dec 31, 2015	1 EUR = ₹ 72.11	3	(24)	23	44	–	39	(2)	–	(2)	99.90
Infosys Consulting Ltda. (3) (formerly Lodestone Management Consultants Ltda.)	Dec 31, 2015	1 BRL = ₹ 16.69	123	(105)	59	41	–	133	(38)	–	(38)	99.99
Lodestone Augmentis AG (4)(6)	Dec 31, 2015	1 CHF = ₹ 66.65	–	1	2	1	–	–	–	–	–	100
Infosys Consulting S.R.L. (2) (formerly Lodestone Management Consultants S.R.L.)	Dec 31, 2015	1 ARS = ₹ 5.06	7	(5)	6	4	–	17	–	–	–	100
Infosys BPO Limited	Mar 31, 2016	INR	34	3,441	3,965	490	21	2,849	755	185	570	99.98
EdgeVerve Systems Limited	Mar 31, 2016	INR	1,312	(160)	4,005	2,853	32	1,533	(59)	31	(90)	100
Infosys Technologies (China) Co. Limited	Dec 31, 2015	1 RMB = ₹ 10.25	168	(41)	363	236	–	844	(81)	–	(81)	100
Infosys Technologies (Shanghai) Company Limited	Dec 31, 2015	1 RMB = ₹ 10.25	639	41	737	57	–	–	2	–	2	100
Infosys Public Services, Inc.	Mar 31, 2016	1 USD = ₹ 66.26	98	173	522	251	–	1,366	183	72	111	100
Infosys Americas Inc.	Mar 31, 2016	1 USD = ₹ 66.26	1	–	1	–	–	–	–	–	–	100
Infosys Tecnologia do Brasil Ltda.	Dec 31, 2015	1 BRL = ₹ 16.69	146	(71)	110	35	–	177	20	22	(2)	100
Infosys Technologies S. de R. L. de C. V.	Dec 31, 2015	1 MXN = ₹ 3.89	65	32	153	56	–	263	26	7	19	100
Infosys Technologies (Sweden) AB	Dec 31, 2015	1 SEK = ₹ 7.86	–	(41)	36	77	–	83	(41)	–	(41)	100
Infosys (Czech Republic) Limited s.r.o (5) (formerly Infosys BPO s.r.o)	Mar 31, 2016	1 CZK = ₹ 2.78	3	47	66	16	–	61	4	–	4	99.98
Infosys Poland Sp. z o.o. (5) (formerly Infosys BPO Poland, Sp. z.o.o)	Mar 31, 2016	1 PLN = ₹ 17.55	4	354	468	110	21	452	97	2	95	99.98
Infosys McCamish Systems LLC (5)	Mar 31, 2016	1 USD = ₹ 66.26	175	(122)	107	54	–	357	26	1	25	99.98
Portland Group Pty. Limited (5)	Mar 31, 2016	1 AUD = ₹ 50.98	18	85	139	36	–	148	46	15	31	99.98
Infosys Technologies (Australia) Pty. Limited (6)	Mar 31, 2016	1 AUD = ₹ 50.98	4	33	38	1	–	–	1	–	1	100
Infosys Nova Holdings LLC	Dec 31, 2015	1 USD = ₹ 66.16	93	1	94	–	94	–	–	–	–	100
Panaya Inc.	Dec 31, 2015	1 USD = ₹ 66.16	–	318	399	81	–	99	3	1	2	100
Panaya Ltd. (7)	Dec 31, 2015	1 USD = ₹ 66.16	225	(339)	245	359	–	204	(82)	1	(83)	100
Panaya GmbH (7)	Dec 31, 2015	1 EUR = ₹ 72.11	–	(4)	21	25	–	26	–	–	–	100
Panaya Japan Co. Ltd. (7)	Dec 31, 2015	1 JPY = ₹ 0.5497	–	(2)	4	6	–	4	–	–	–	100
Skava Systems Pvt. Ltd.	Mar 31, 2016	INR	–	15	28	13	21	44	8	2	6	100
Kallidus Inc.	Dec 31, 2015	1 USD = ₹ 66.16	15	37	109	57	–	209	36	30	6	100
Noah Consulting LLC	Dec 31, 2015	1 USD = ₹ 66.16	116	(87)	70	41	–	224	20	–	20	100
Noah Information Management Consulting Inc. (8)	Dec 31, 2015	1 CAD = ₹ 47.67	–	(10)	2	12	–	6	(4)	–	(4)	100

List of associates

in ₹ crore

Name of the entity	Last audited Balance Sheet date	No. of shares held by the companies in associate on the year end	Amount of investment in associate	Reason why the associate is not consolidated	Net worth attributable to shareholding as per latest Balance Sheet (₹ crore)	Profit / Loss for the year
Name of the entity	Last audited Balance Sheet date		Amount of investment in associate	Reason why the associate is not consolidated		Considered in consolidation	Not considered in consolidation
DWA Nova LLC (9)	–	(9) –	99	NA	40	5	–

(1) Converted at monthly average exchange rates

(2) Wholly-owned subsidiary of Infosys Consulting Holding AG (formerly Lodestone Holding AG)

(3) Majority-owned and controlled subsidiary of Infosys Consulting Holding AG (formerly Lodestone Holding AG)

(4) Wholly-owned subsidiary of Infosys Consulting AG (formerly Lodestone Management Consultants AG)

(5) Wholly-owned subsidiary of Infosys BPO Limited

(6) Under liquidation

(7) Wholly-owned subsidiary of Panaya Inc.

(8) Wholly-owned subsidiary of Noah Consulting LLC

(9) Associate of Infosys Nova Holdings LLC. As of December 31, 2015, Infosys Nova Holdings LLC holds 16% of
equity interest in DWA Nova LLC and exercises significant influence.

Notes:

Investments exclude investments in subsidiaries.
Proposed dividend from any of the subsidiaries is nil.
On June 2, 2015, Infosys acquired 100% of the voting interests in Kallidus Inc., (d.b.a Skava) (Kallidus) and 100% of the voting interests of Skava Systems Private Limited, India, an affiliate of Kallidus.
On November 16, 2015, Infosys has acquired 100% membership interest in Noah Consulting LLC.
The following companies are yet to commence operation:
- Infosys Canada Public Services Ltd., a wholly-owned subsidiary of Infosys Public Services, Inc., has been incorporated effective December 19, 2014.
- Infosys BPO Americas LLC, a wholly-owned subsidiary of Infosys BPO Limited, has been incorporated on November 20, 2015.
- Panaya Pty Ltd., a wholly-owned subsidiary of Panaya Inc.
Infosys BPO S. de R.L. de C.V., a wholly-owned subsidiary of Infosys BPO Limited, has been liquidated effective March 15, 2016. The Company has not commenced its operation till that date.
Portland Procurement Services Pty. Ltd., a subsidiary of Portland Group Pty. Ltd., is liquidated with effect from May 14, 2014.

	for and on behalf of the Board of Directors of Infosys Limited

	R. Seshasayee Chairman	Dr. Vishal Sikka Chief Executive Officer and Managing Director	U. B. Pravin Rao Chief Operating Officer and Whole-time Director

Bangalore April 15, 2016	Roopa Kudva Director	M. D. Ranganath Chief Financial Officer and Executive Vice President	A. G. S. Manikantha Company Secretary

Annexure 2 – Particulars of contracts / arrangements made with related parties

[Pursuant to Clause (h) of sub-section (3) of Section 134 of the Companies Act, 2013, and Rule 8(2) of the Companies (Accounts) Rules, 2014 – AOC-2]

This Form pertains to the disclosure of particulars of contracts / arrangements entered into by the Company with related parties referred to in sub-section (1) of Section 188 of the Companies Act, 2013 including certain arm’s length transactions under third proviso thereto.

Details of contracts or arrangements or transactions not at arm’s length basis

There were no contracts or arrangements or transactions entered into during the year ended March 31, 2016, which were not at arm’s length basis.

Details of material contracts or arrangement or transactions at arm’s length basis

The details of material contracts or arrangement or transactions at arm’s length basis for the year ended March 31, 2016 are as follows:

Name of related party	Nature of relationship	Duration of contract	Salient terms (1)	Amount (in ₹ crore)
Nature of contract
Investment in debenture instrument
EdgeVerve Systems Limited	Subsidiary	Refer to Note 2	Refer to Note 2	2,549
				2,549
Investment in equity instrument
EdgeVerve Systems Limited	Subsidiary	Refer to Note 2	Refer to Note 2	850
Infosys Technologies (Shanghai) Company Limited	Subsidiary	Not applicable	Not applicable	258
				1,108
Purchase of services
Infosys BPO Limited	Subsidiary	April 1, 2012 – ongoing	Based on transfer pricing guidelines	341
Infosys Technologies (China) Co. Limited	Subsidiary	April 1, 2011 – ongoing	Based on transfer pricing guidelines	126
Lodestone Management Consultants Pty. Limited	Subsidiary	Jan 1, 2013 – ongoing	Based on transfer pricing guidelines	130
Infy Consulting Company Limited	Subsidiary	Nov 1, 2012 – ongoing	Based on transfer pricing guidelines	882
Infosys Consulting Pte Ltd.	Subsidiary	Jan 1, 2013 – ongoing	Based on transfer pricing guidelines	104
Infosys Public Services, Inc.	Subsidiary	April 1, 2014 – ongoing	Based on transfer pricing guidelines	11
Infosys Technologies (Sweden) AB	Subsidiary	April 23, 2009 – ongoing	Based on transfer pricing guidelines	79
				1,673
Purchase of shared services including facilities and personnel
Infosys BPO Limited	Subsidiary	April 1, 2012 – ongoing	Based on transfer pricing guidelines	18
				18
Sale of services
Infosys BPO Limited	Subsidiary	April 1, 2012 – ongoing	Based on transfer pricing guidelines	69
Infosys Technologies (China) Co. Limited	Subsidiary	April 1, 2013 – ongoing	Based on transfer pricing guidelines	11
Infy Consulting Company Limited	Subsidiary	Nov 1, 2012 – ongoing	Based on transfer pricing guidelines	30
Infosys Technologies (Sweden) AB	Subsidiary	April 1, 2015 – ongoing	Based on transfer pricing guidelines	27
Infosys Public Services, Inc.	Subsidiary	April 1, 2013 – ongoing	Based on transfer pricing guidelines	900
				1,037
Sale of shared services including facilities and personnel
Infosys BPO Limited	Subsidiary	April 1, 2012 – ongoing	Based on transfer pricing guidelines	42
EdgeVerve Systems Limited	Subsidiary	Jul 1, 2014 – ongoing	Based on transfer pricing guidelines	143
Infy Consulting Company Limited	Subsidiary	Nov 1, 2012 – ongoing	Based on transfer pricing guidelines	5
				190

Notes:

Appropriate approvals have been taken for related party transactions. Advances paid have been adjusted against billings, wherever applicable.
On April 24, 2015, the Board of Directors of Infosys authorized the Company to execute a Business Transfer Agreement and related documents with EdgeVerve Systems Limited (EdgeVerve), to transfer the business of Finacle and Edge Services. The business was transferred for a consideration of ₹ 3,222 crore and ₹ 177 crore for Finacle and Edge Services, respectively. Net assets amounting to ₹ 363 crore (including working capital amounting to ₹ 337 crore) have been transferred and accordingly a gain of ₹ 3,036 crore has been recorded as an exceptional item. The consideration was settled through issue of 85,00,00,000 equity shares amounting to ₹ 850 crore and 25,49,00,000 non-convertible redeemable debentures amounting to ₹ 2,549 crore in EdgeVerve, post the requisite approval from shareholders on December 11, 2015. The debentures have been issued on December 24, 2015 up to a term of 120 months carrying annual rate of interest at 10 years Government of India Bond yield plus 1% premium payable as mutually agreed by both the parties.

for and on behalf of the Board of Directors

Bangalore
April 15, 2016

R. Seshasayee

Chairman

Dr. Vishal Sikka

Chief Executive Officer and
Managing Director

Annexure 3 – Particulars of employees

a) Information as per Rule 5(1) of Chapter XIII, Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

We are a leading provider of consulting, technology, outsourcing and next-generation services. The remuneration and perquisites provided to our employees including that of the Management are at par with industry levels. The nomination and remuneration committee continuously reviews the compensation of our CEO and senior executives to align both the short-term and long-term business objectives of the Company, and to link compensation with the achievement of measurable performance goals.

Remuneration paid to whole-time directors

Name of the director	Director Identification Number (DIN)	Title	Remuneration in fiscal 2016 (in ₹ crore)	Remuneration in fiscal 2015 (in ₹ crore)	No. of stock options / RSUs granted in fiscal 2016 (4)	% increase of remuneration in 2016 as compared to 2015 (1)	Excl. WTD	Incl. WTD	Ratio of remuneration to
Name of the director	Director Identification Number (DIN)	Title	Remuneration in fiscal 2016 (in ₹ crore)	Remuneration in fiscal 2015 (in ₹ crore)	No. of stock options / RSUs granted in fiscal 2016 (4)	% increase of remuneration in 2016 as compared to 2015 (1)	Ratio of remuneration to MRE (1)	Ratio of remuneration to MRE and WTD (1)	Revenues (fiscal 2016) (1)(2)	Net profit (fiscal 2016) (1)(2)(10)
Dr. Vishal Sikka (4)	06897177	Chief Executive Officer and Managing Director	(5)(6) 48.73	(3) 4.56	1,24,061	751.92	935.41	935.38	0.00	0.00
U. B. Pravin Rao	06782450	Chief Operating Officer and Whole-time Director	9.28	6.08	–	52.63	178.14	178.13	0.00	0.00
N. R. Narayana Murthy (7)	00040295	Chairman of the Board	–	0.00	–	NA	NA	NA	NA	NA
S. Gopalakrishnan (7)	00041656	Vice Chairman of the Board	–	0.00	–	NA	NA	NA	NA	NA
S. D. Shibulal (8)	00041461	Chief Executive Officer and Managing Director	–	0.00	–	NA	NA	NA	NA	NA
Srinath Batni (8)	00041394	Member of the Board	–	1.88	–	NA	NA	NA	NA	NA
B. G. Srinivas (9)	00517585	President and Member of the Board	–	4.43	–	NA	NA	NA	NA	NA

RSU – Restricted Stock Units; WTD – Whole-time Directors; MRE – Median remuneration of employees

The above table includes bonus, retirals and others on accrual basis (Refer to Note 2.26 of the Standalone financial statements).

(1) Based on annualized salary

(2) Rounded off to two decimals

(3) For the period June 14, 2014 to March 31, 2015 for fiscal 2015

(4) During fiscal 2016, Dr. Vishal Sikka was granted RSUs valued at US $2 million on the grant date. The RSUs will vest over a period of four years from the date of grant in the proportions specified in the award agreement (Refer to Note 2.1 of the standalone Financial Statements).

(5) Includes payment of variable pay amounting to ₹ 14 crore for the year ended March 31, 2015 to the CEO as decided by the nomination and remuneration committee in its meeting held on June 22, 2015, in line with the compensation plan approved by the shareholders

(6) Includes provision for variable pay amounting to US $4.33 million (approximately ₹ 29 crore) for the year ended March 31, 2016 to the CEO. The shareholders in the EGM dated July 30, 2014 had approved a variable pay of US $4.18 million (approximately ₹ 28 crore at current exchange rate) at a target level and also authorized the Board to alter and vary the terms of remuneration. Accordingly, the Board, based on the recommendations of the nomination and remuneration committee approved on April 15, 2016, US $4.33 million (approximately ₹ 29 crore) as variable pay for the year ended March 31, 2016.

(7) For the period April 1, 2014 to October 10, 2014, for fiscal 2015. Resigned effective October 10, 2014

(8) For the period April 1, 2014 to July 31, 2014, for fiscal 2015. Resigned effective July 31, 2014

(9) For the period April 1, 2014 to June 10, 2014, for fiscal 2015. Resigned effective June 10, 2014

(10) Before exceptional item

Remuneration paid to independent directors

Name of the director	Director Identification Number (DIN)	Remuneration in fiscal 2016 (in ₹ crore)	Remuneration in fiscal 2015 (in ₹ crore)	Number of stock options / RSUs granted in fiscal 2016	% increase of remuneration (2016 over 2015) (8)
K. V. Kamath (1)	00043501	0.39	1.97	–	9.64
Prof. Jeffrey S. Lehman	00092981	1.33	1.20	–	10.83
R. Seshasayee	00047985	1.84	1.03	–	78.64
Ravi Venkatesan	00621398	1.04	0.84	–	23.81
Kiran Mazumdar-Shaw	00347229	0.87	0.76	–	14.47
Carol M. Browner (2)(3)	06858688	0.68	0.85	–	14.13
Prof. John W. Etchemendy (4)	07029756	1.05	0.23	–	47.89
Roopa Kudva (5)	00001766	0.99	0.11	–	37.50
Dr. Punita Kumar-Sinha (6)	05229262	0.20	–	–	NA
Dr. Omkar Goswami (7)	00004258	–	0.61	–	NA

(1) For the period April 1, 2015 to June 5, 2015, for fiscal 2016

(2) For the period April 29, 2014 to March 31, 2015, for fiscal 2015

(3) For the period April 1, 2015 to November 23, 2015, for fiscal 2016

(4) For the period December 4, 2014 to March 31, 2015, for fiscal 2015

(5) For the period February 4, 2015 to March 31, 2015, for fiscal 2015

(6) For the period January 14, 2016 to March 31, 2016, for fiscal 2016

(7) For the period April 1, 2014 to December 31, 2014, for fiscal 2015

(8) Based on annualized commission

DINs mentioned in this section will apply to the names of the directors in all other references in this report.

Remuneration of other Key Managerial Personnel (KMP)

Name of the KMP	Title	Remuneration in fiscal 2016 (in ₹ crore)	Remuneration in fiscal 2015 (in ₹ crore)	No. of stock options / RSUs granted in fiscal 2016	% increase of remuneration in 2016 as compared to 2015 (4)	Excl. WTD	Incl. WTD	Ratio of remuneration to
Name of the KMP	Title	Remuneration in fiscal 2016 (in ₹ crore)	Remuneration in fiscal 2015 (in ₹ crore)	No. of stock options / RSUs granted in fiscal 2016	% increase of remuneration in 2016 as compared to 2015 (4)	Ratio of remuneration to MRE (4)	Ratio of remuneration to MRE and WTD (4)	Revenues (fiscal 2016)(4)(5)	Net profit (fiscal 2016) (4)(5)(7)
M. D. Ranganath (1)	Chief Financial Officer	3.61	NA	–	NA	148.38	148.38	0.00	0.00
Rajiv Bansal (2)	Chief Financial Officer	23.02	4.72	–	493.43	537.68	537.66	0.00	0.00
A. G. S. Manikantha (3)	Company Secretary	0.37	NA	–	NA	9.21	9.21	0.00	0.00
Parvatheesam K. (6)	Chief Risk and Compliance Officer and Company Secretary	–	0.98	–	NA	NA	NA	NA	NA

The above table includes bonus, retirals and others on accrual basis (Refer to Note 2.26 of the Standalone financial statements)

(1) For the period October 12, 2015 to March 31, 2016, for fiscal 2016

(2) For the period April 1, 2015 to October 12, 2015, for fiscal 2016

(3) For the period June 22, 2015 to March 31, 2016, for fiscal 2016

(4) Based on annualized salary

(5) Rounded off to two decimals

(6) For the period April 1, 2014 to January 10, 2015, for fiscal 2015

(7) Before exceptional item

The Median Remuneration of Employees (MRE), excluding Whole-time Directors (WTDs), was ₹ 5,20,946 and ₹ 4,89,468 in fiscal 2016 and fiscal 2015 respectively. The increase in MRE (excluding WTDs) in fiscal 2016, as compared to fiscal 2015 is 6.4%.

The Median Remuneration of Employees (MRE), including Whole-time Directors (WTDs), was ₹ 5,20,964 and ₹ 4,89,470 in fiscal 2016 and fiscal 2015 respectively. The increase in MRE (including WTDs) in fiscal 2016, as compared to fiscal 2015 is 6.4%.

The number of permanent employees on the rolls of the Company as of March 31, 2016 and March 31, 2015 was 1,48,877 and 1,39,148 respectively.

The revenue growth during fiscal 2016 over fiscal 2015 was 14.1% and net profit (before exceptional item) growth was 8.5%. The aggregate remuneration of employees (excluding WTD) grew by 14.4% over the previous fiscal. The aggregate decrease in salary for WTDs and other KMPs as a group was 11.5% in fiscal 2016 over fiscal 2015. This was due to a decrease in the number of WTDs in fiscal 2016 as compared to fiscal 2015.

Our market capitalization increased by 9.8% to ₹ 2,79,837 crore as of March 31, 2016 from ₹ 2,54,771 crore as of March 31, 2015. The Price Earnings Ratio was 20.4 as of March 31, 2016 which was a decrease of 0.5%, as compared to March 31, 2015. The closing price of the Company’s equity shares on the NSE and BSE as of March 31, 2016 was ₹ 1,218.30 and ₹ 1,217.95 respectively, representing a 6,56,600% (NSE) increase over the IPO price, adjusted for stock splits and bonuses to date.

The Company’s variable compensation philosophy for its managerial personnel is to ensure it is competitive in the global markets in which it operates, for attracting and retaining the best talent. In future, the nomination and remuneration committee plans to use a combination of stock options, restricted stock units and performance-based stock to align senior employee compensation with shareholder value.

Component of remuneration to directors and other KMPs	Fixed salary	Bonus and other compensation	Commission	Total
As a percentage of revenues for fiscal 2016	0.02	0.13	0.02	0.17
As a percentage of net profit (before exceptional item) for fiscal 2016	0.10	0.56	0.07	0.73

During fiscal 2016, no employee received remuneration in excess of the highest-paid director.

b) Information as per Rule 5(2) of Chapter XIII, the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

Employee name	Designation	Educational qualification	Age	Experience (in years)	Date of joining	Gross remuneration paid (₹)	Previous employment and designation
Abhijit Sen	AVP and Senior Delivery Manager, ADM	BE	48	27	Jan 14, 2002	95,60,155	Visa International, Department Head
Abhishek Goyal	AVP and Delivery Head, EAS	B.Tech, PGD	42	19	Sep 11, 2000	81,48,780	Asian Paints (I) Limited, Area Manager
Ajayan Pillai	AVP and Senior Delivery Manager, ADM	B.Sc, MCA	45	22	Apr 2, 2001	60,78,043	IT Solutions (India) Private Limited, Accounts Manager
Alok Maheshwari	Senior Delivery Manager, ADM	BE	44	22	Jan 5, 1998	61,09,815	ITI Ltd., Manager
Alok Uniyal	AVP and Industry Principal, QLTY	B.Tech, MBA	47	22	Aug 2, 2004	75,14,953	Mphasis BFL Limited, Senior Consultant
Amer Singh Thakur	Senior Principal – Business Consulting, IND	B.Sc, AIME, MBA	55	36	Oct 1, 2011	62,66,987	IC India, Senior Principal – Business Consulting
Amit Sahakundu	AVP and Practice Manager – IT Services, CCD	BE, M.Tech	52	31	Feb 24, 1999	62,85,290	Air India, Deputy Manager
Anand J. Raghavan	VP and Senior Delivery Manager, IS	BE	44	22	Nov 27, 1995	94,17,599	Wipro Infotech, Customer Support Engineer
Ananth Chandramouli	AVP and Group Engagement Manager, IND	BE, EPGD, M.Tech	43	20	Aug 26, 1996	73,43,743	Carborundum Universal, Trainee
Anil Kumar P. N.	AVP and Senior Delivery Manager, ADM	B.Tech, ME	44	21	Aug 5, 1996	69,23,132	Bajaj Auto Ltd., Engineer
Anoop Kumar	AVP and Head – Business Excellence, QLTY	BE, PGD	45	24	May 3, 2000	75,42,372	Tata Steel, Deputy Manager
Arun Kumar H. R.	VP and Head – Business Strategy, Planning and Operations, ADM	BE	43	21	Nov 7, 1994	1,10,53,103	–
Aruna Chittaranjan Newton	AVP and Head – Diversity and Inclusion, FAC	B.Com, MBA	49	26	Jan 3, 2000	70,14,222	Wipro Infotech, Manager – Training
Arunkumar Ranganathan	AVP and Senior Industry Principal, ADM	BE, MS, Ph.D	44	23	Apr 1, 2015	62,79,366	Wipro Technologies Limited, General Manager
Ashok Bhaskar Hegde	AVP and Delivery Head, ADM	B.A., M.A., MBA, Ph.D	48	21	Jan 2, 2012	83,43,881	Wipro Technologies Limited, Head – FS Business Analyst and Investment Banking
Atul Soneja	VP and Delivery Head, ADM	B.Tech (H)	43	21	Mar 15, 2010	1,08,61,701	TCS Limited, Senior Consultant
Balaji Sampath	AVP and Segment Head – Marketing, MKTG	BE, MBA	45	22	Dec 23, 2004	84,97,532	Microsoft Corporation Private Limited, Business Manager
Balakrishna D. R.	VP and Service Offering Head, ADM	BE	44	22	Feb 7, 1994	1,29,86,184	HCL – HP, Customer Engineer – Trainee
Balakrishnan Mayilarangam Sundararajan	AVP and Group Leader – Unit Strategy, Planning and Operations, ADM	B.Sc, M.Sc	50	29	Oct 12, 2000	61,61,045	DSQ Software Limited, Assistant Consultant
Bhaskar Kakuturu	VP and Head – Unit Strategy, Planning and Operations, MRCL	B.Tech, PGD	44	23	Dec 13, 1996	92,10,558	Hindustan Cables Limited, Engineer
Binod Rangadore Hampapur	EVP and Head – Talent Fulfilment, TAFF	BE	53	30	Jul 1, 2013	4,02,90,603	Infosys Limited, SVP – Corporate Relations
Chandra Mohan Nandakumar	AVP and Senior Delivery Manager, ADM	BE	41	21	Mar 8, 2001	72,40,282	IIS Infotech Limited, Assistant Consultant
Charles Henry Hawkes	SVP and Head – FAC	B.Sc, PGCBM	56	31	Nov 15, 1996	1,39,25,837	Trans Oceanic Travel, Manager
Chetan Kumar Gupta	AVP and Senior Delivery Manager, ENG	BE	44	22	Mar 13, 1995	74,33,713	ITI Limited, Assistant Executive Engineer
Dass Gunalan	AVP and Regional Head – FAC	Diploma, Graduate in Material Management	53	32	Mar 12, 1999	73,37,635	Enercon System Private Limited, Manager Operations
Debashish Kumar Ganguly	AVP and Head – Unit Talent, TAFF	B.Tech (H), PGDBM	52	30	Dec 3, 2012	87,10,582	Polaris Financial Technology Limited, SVP and Head
Deepak Gupta	AVP and Senior Delivery Manager, ADM	B.Tech	43	20	Aug 26, 1996	74,59,719	–
Deepak P. N.	AVP and Principal Technology Architect, ADM	BE	48	26	Dec 18, 1995	69,76,197	Nuclear Power Corporation, Officer
Deepak Padaki	SVP and Group Head – Corporate Strategy and Chief Risk Officer, CORPSTGY	BE	45	24	Aug 10, 1992	1,64,47,476	–
Dheeshjith V. G.	SVP and Chief Information Officer, IS	B.Sc, ME	52	29	Sep 14, 1987	2,80,84,139	–
Dinesh R.	SVP and Head – Global Services, EAS	BE	47	26	Oct 1, 1990	2,33,60,683	–
Dipayan Mitra	Partner – Business Consulting, IGC	B.Tech	47	25	Nov 1, 2011	78,22,372	IC India, Senior Principal – Business Consulting
Ganapathy Subramanian	VP and Solutions Head – Platforms, PLATFORM	MS	39	18	Sep 22, 2014	71,47,122	SAP, Global VP
Ganesan Arunachalam Kaushik	AVP and Head – Reuse and Tools, QLTY	BE (H), ME	57	34	Jul 1, 2005	75,07,205	Karna Softek India Private Limited, Project Director and CTO India
Gargi Ray	AVP and Head – Revenue Assurance Group, FIN	B.Com (H), CA	36	14	Dec 14, 2006	74,48,440	ITC Ltd., Finance Manager
Gautam Khanna	AVP and General Manager – IP Deployment and Commercialization, ADM	B.Tech, PGDM	42	19	Jun 8, 1998	75,48,471	Reliance India Limited, Graduate Engineer Trainee
Gautam Shekar	AVP and Group Engagement Manager, ECS	MS, MBA	42	20	Sep 16, 2002	95,51,354	Booz Allen & Hamilton, Associate
Geetha G.	AVP and Senior Delivery Manager, ENG	BE	50	29	Dec 1, 1995	81,48,862	ITI Limited, Senior Engineer
Gnanapriya C.	AVP and Principal Technology Architect, ADM	BE, MBA, ME	45	23	Jun 30, 1997	76,90,194	Mepco Schlenk Engineering College
Gopi Krishnan Radhakrishnan	VP and Principal Legal Counsel, LEGAL	B.A. LLB	39	16	Sep 11, 2014	1,21,66,508	IBM, Senior Counsel / Director
Gopikrishnan Konnanath	VP and Delivery Head, EAS	BE	45	22	Nov 7, 1994	1,27,24,977	BPL Systems & Projects Limited, Trainee Engineer
Guruprakash Pai Karkala	AVP and Practice Manager, CIS	BE	45	24	Sep 8, 1995	93,30,697	Kasturba Medical College, Biomedical Engineer
Gururaj B. Deshpande	AVP and Delivery Head, ADM	BE	44	22	May 2, 1994	97,25,134	BPL Limited, Trainee
Hanumesh V. J.	AVP and Senior Lead Principal – Education, Training and Assessment, TAFF	B.Sc, M.Sc, M.Phil	45	23	Aug 8, 1997	60,61,988	Government PU College, Lecturer
Harish Srinivas Gudi	Partner – Business Consulting, IGC	BE	43	20	Jul 8, 2010	96,06,455	Mu Sigma, SVP
Hasit G Trivedi	AVP and Practice Manager, CIS	BE	42	21	Apr 28, 1997	61,95,366	Global Tele Systems, Member – Strategic Planning
Indranil Mukherjee	VP and Service Offering Head, EAS	AMIETE	45	22	Dec 4, 1995	1,17,44,538	Chipsoft Technologies, Customer Support Engineer
Ishwar C. Halalli	VP and Delivery Head, CIS	BE, M.Tech	53	30	Jan 19, 1996	1,40,26,153	AT&T SSTL, Manager – Technical
Jayan Sen	Lead Principal – Education, Training and Assessment, TAFF	B.Sc, MS, Ph.D	43	17	Feb 28, 2011	72,24,237	BNSF Railway Company, Director Talent Management and OD
Jayesh Dhanvantkumar Sanghrajka	SVP and Deputy Chief Financial Officer, FIN	B.Com, CA, ICWA	42	18	Dec 24, 2012	1,48,95,217	Mu Sigma, VP – Finance
Jayraj Dharmojeppa Ugarkar	Lead Product Manager, GDLY	BE, MBA	44	22	Aug 22, 2005	60,72,283	SBC services inc, Technical Architect
Jitendra Sangharajka D.	VP and Senior Delivery Manager, IS	BE, DFM	48	27	Sep 1, 1999	1,03,98,326	L&T Limited, Executive – IS
John Premkumar R.	AVP and Senior Delivery Manager, ADM	BE	42	22	Dec 9, 1996	72,59,308	L&T (ECC), Electrical Engineer
Karthikeyan Neelakandan	AVP and Group Engagement Manager, IND	BE, MS	46	23	Dec 4, 2000	79,92,245	D.S.M Computech Pvt. Ltd., CEO and MD
Kavita Manoj Kulkarni	VP and Head – Human Resource Development – Units, HRD	LLB, B.Com, MPM	47	25	Sep 1, 2008	1,12,19,149	WNS, SVP – HR
Koushik R. N.	SVP and Group Head – Procurement, PURC	B.Sc	47	26	May 2, 1991	1,47,11,117	Frazer Techno Circuits Limited, Marketing Executive
Krishna Kumar C.	AVP and Practice Manager – IT Service, Support and Operations, CCD	BE	45	23	Sep 1, 1997	67,34,094	Vectra Systems & Solutions Private Limited, Centre Manager
Krishna Markande	AVP and Principal Technology Architect, ENG	BE, ME	43	19	Nov 6, 2006	65,31,019	TCS, Associate Consultant
Krishnan Subramanian	AVP and Delivery Head, ADM	B.Tech	43	21	Jun 26, 1995	87,34,738	–
Krishnananda R. Shenoy	AVP and Principal Technology Architect, ENG	BE	44	22	Apr 28, 1997	66,89,867	Wipro – BT, Engineer
Lakshmi Narasimha Rao Gunda	AVP and Group Manager – Unit Strategy, Planning and Operations, EAS	Diploma, B.Tech, M.Tech	46	21	Feb 13, 1995	67,25,266	–
Mahesh Kamath P.	AVP and Senior Delivery Manager, ADM	BE	47	25	May 8, 1995	89,01,547	Aptech Computer Education, Teaching
Manas Kumar Sarkar	AVP and Principal Technology Architect, EAS	B.Tech (H)	42	20	Jun 24, 1996	68,91,136	–
Manesh Sadasivan	AVP and Principal Technology Architect, DX	B.Tech	39	18	Oct 13, 1997	72,18,004	–
Manish Kumar Mehta	AVP and Senior Delivery Manager, ADM	B.Tech	43	22	Jun 27, 1994	71,89,702	–
Manohar Madgula Atreya	VP and Delivery Head, CIS	B.Tech, PGPM	44	22	Apr 7, 2011	1,15,44,713	Armstrong Capital, Director
Meenakshi Sundaram Ganapathy Subramanian	AVP and Delivery Head, DNA	MS, PGDM	44	18	Mar 9, 2015	62,12,484	Omnition Analytics, Director
Mohammed Rafee Tarafdar	AVP and Unit Technology Officer, GDLY	BE	41	19	Jul 12, 2004	95,05,321	Virtusa, Associate Technical Architect
Mohammed Sayeeduddin	AVP and Senior Delivery Manager, ADM	BE, MBA	48	27	Dec 4, 1995	61,54,128	ITI Limited, Assistant
Mohan Babu Vinayagavelayutham	AVP and Industry Principal, ADM	B.Sc, MBA	42	23	Oct 15, 2012	85,57,979	CTS, Director (Consulting) – Insurance
Mohit Saxena	AVP and Senior Delivery Manager, ADM	B.Tech	41	21	Jun 26, 1995	83,46,571	–
Murali Vasudevan	AVP and Practice Manager, GDLY	MMS	48	27	Apr 1, 2003	87,39,952	Differentiated Software Solutions Private Limited, Director
Muthuvel Gajapathi	VP and Delivery Head, DNA	B.Sc, MCA	47	25	Aug 27, 1992	1,43,29,097	PSI Bull (I) Limited, Systems Executive
Nabarun Roy	VP and Group Head – Quality, QLTY	B.Tech	44	22	Aug 29, 1994	1,24,56,511	–
Nagaraj Prabhakar Kollegal	AVP and Regional Head – Infrastructure, FAC	B.Arch	47	23	Feb 23, 2004	68,81,375	Sundaram Architects Pvt. Ltd., Senior Architect
Nandakumar Thiruvengadam	Senior Delivery Manager, IVSU	B.Com, ICWA, ACS	52	30	Feb 27, 2012	61,64,709	Scope International, Senior VP
Nandini S.	VP and Group Head – Organization Development, HRD	BE (H), M.Sc (H), Fellow	42	16	Jun 1, 2009	1,03,28,895	IBPO, Group Manager
Nanjappa Bottolanda Somanna	AVP and Head – Employee Relations, HRD	B.Com, MBA	37	14	Mar 24, 2003	75,27,454	Infosys Technologies Ltd., Consultant
Narahari Govindaraju	AVP and Senior Delivery Manager, ADM	BE, ME	44	21	Dec 11, 2000	72,67,585	TCS Limted, ITA
Narasimhamoorthy P.	AVP and Senior Delivery Manager, IND	B.Sc, M.Sc, M.Tech	43	20	Feb 26, 1996	67,74,169	–
Narendra Murari Sonawane	AVP and Senior Delivery Manager, IS	BE, PGDM	50	28	Apr 25, 1997	75,58,649	MSEB, General Engineering
Naresh Balaram Choudhary	AVP and Head – Reuse and Tools, QLTY	BE	40	19	Jun 5, 2000	65,47,632	The Arvind Mills Limited, Manufacturing Manager
Naresh Nath Kumar Duddu	AVP and Senior Delivery Manager, IS	B.Tech	43	22	Jun 27, 1994	78,07,321	–
Narsimha Rao Mannepalli	SVP and Service Offering Head, IVSU	BE, PGDBM	48	26	Jan 29, 2001	2,05,89,582	Ramco Systems, Project Director – e-Commerce Solutions
Naveen Kumar L.	AVP and Practice Manager, DNA	BE, M.Tech	43	19	Apr 28, 1997	67,43,296	–
Niranjan V. S.	AVP and Delivery Head, IVSU	Diploma, BE	45	23	Feb 13, 1995	83,74,857	Siemens Limited, Executive
Nishit Ajit Shah	AVP and Unit Financial Controller, FIN	B.Com, CA	43	18	Apr 22, 2013	66,94,080	Capgemini India Private Limited, Senior Manager
Nithyanand Yeswanth	AVP and Senior Delivery Manager, TAFF	BE	47	27	Feb 5, 1996	82,29,419	L&T Limited, Executive
Piyush Jain	AVP and Senior Delivery Manager, ENG	BE	44	23	Jun 10, 1996	60,77,922	Square D S/W Limited, Developer
Pradeep Thazhichayil Yesodharan	Senior Principal – Business Consulting, IND	BE	44	22	Oct 1, 2011	61,05,093	IC India, Senior Principal – Business Consulting
Prakash Jayaram	AVP and Senior Principal – Business Consulting, IND	BE, M.Sc	46	23	Oct 1, 2011	1,01,49,911	IC India, Senior Principal – Business Consulting
Pramod Prakash Panda	VP and Head – Education, Training and Assessment, TAFF	B.Tech	42	20	Feb 9, 2004	96,27,612	Accenture Services Private Limited, Associate Manager
Prasad Balakrishna Honnavalli	AVP and Program Manager, CIS	BE, MBA	50	26	Aug 20, 2007	65,26,980	Sword Global India Pvt. Ltd., Technical Director
Prateek Sinha	Senior Principal – Business Consulting, IGC	BE, MBA	44	20	Oct 1, 2011	60,67,817	ICI, Associate Partner – Business Consulting
Pravin Rao U. B.	Director and Chief Operating Officer, CORP	BE	54	31	Aug 4, 1986	7,53,68,705	IISC, Trainee
Pravin Vyanktesh Kulkarni	VP and Delivery Head, EAS	BE, MBA	45	24	Jan 4, 2007	1,00,73,863	Wipro Technologies Limited, General Manager
Purushotham Bhandarkar	AVP and Senior Delivery Manager, ADM	BE	46	24	Feb 13, 1995	74,61,907	Kirloskar Electricals, Engineer
Purushotham K.	AVP and Practice Manager – IT Services, CCD	B.Sc, PGD	51	24	Mar 19, 1994	71,91,808	Indian Computer Academy, Computer Centre Coordinator
Radhakrishna Huthinagadde Subbaiah	AVP and Practice Manager, CIS	BE	48	24	Sep 29, 2008	81,85,955	Bahwan I. T., Senior Manager
Radhakrishna S.	AVP and Practice Manager – IT Service, Support and Operations, CCD	BE	45	22	Jul 12, 1999	69,13,594	Microtech Software & Consultants Limited, Regional Manager
Raghavan S.	AVP and Principal Technology Architect, IS	BE	43	21	Nov 7, 1994	82,35,447	Complete Business Solution, Trainee
Raghu Boddupally	AVP and Practice Manager, EAS	BE, MS	41	21	Jan 20, 2003	75,56,080	Trivium India, Team Leader
Raghupathi N. Cavale	SVP and Head – Strategic Business Practice, IND	BE, MS	54	31	Dec 13, 1999	1,39,56,711	PricewaterhouseCoopers Limited, Principal Consultant
Raghuveer B. K.	AVP and Product Line Manager, CORP	BE	48	26	Apr 16, 1992	80,34,140	Ashok Leyland Limited, Production Engineer
Rajeev Ranjan	VP and Service Offering Head, ADM	B.Tech, MBA	43	20	Aug 16, 1999	1,28,17,650	Nexgen Information Solutions, Associate Consultant
Rajesh Kharidehal	AVP and Unit Financial Controller, FIN	B.Com, CA	45	17	Oct 24, 2013	92,59,662	IBM India Private Limited, Head Finance
Rajesh Subbarao	Senior Principal – Business Consulting, IGC	PGD, M.Sc	44	21	Oct 1, 2011	72,46,224	IC India, Senior Principal – Business Consulting
Rajesh Thampy	AVP and Head – Communication Design, CDG	B.Sc	43	22	Apr 22, 1996	76,37,743	ENIGMA, Developer
Rajkumar R.	AVP and Practice Manager – IT Services, CCD	BE	41	20	Jul 20, 1998	83,94,391	Crompton Greaves Limited, Network Engineer
Rajneesh Malviya	AVP and Delivery Head, IVSU	B.Tech	45	22	Jun 27, 1994	1,02,99,547	–
Rajnish Sharma	AVP and Senior Delivery Manager, IVSU	B.Tech	44	23	Oct 8, 2001	84,84,760	Poorva Consultants, PM
Ramadas Kamath U.	EVP and Head – Administration, Facilities, Infrastructure and Security, FAC	BBM, FCA	55	31	Jul 1, 1994	4,00,90,429	Manipal Printers and Publishers Limited, Accountant
Ramakrishna B.	AVP and Delivery Head, CIS	BE, M.Tech	51	27	Mar 19, 1999	1,03,05,601	DSQ Software Limited, Associate Consultant
Ramakrishnan Krishnan	AVP and Practice Manager, DNA	B.Sc	40	20	May 15, 2006	67,50,120	Xansa India Limited, Senior Solutions Architect
Ramakrishnan M.	VP and Head – Business Excellence, QLTY	B.Sc, CAIIB	59	38	Sep 4, 1996	1,12,85,262	Canara Bank, Officer
Ramesh Adiga	AVP and Delivery Head, DX	BE, M.Tech	47	25	Mar 5, 1996	93,89,404	INSAT, MCF (ISRO), Engineer
Ramesh Amancharla	AVP and Senior Delivery Manager, TAFF	B.Tech	42	20	Oct 14, 1996	77,45,324	SAIL, Management Trainee
Ramesh Babu S.	AVP and Lead Principal – Education, Training and Assessment, TAFF	BE, M.Tech, Ph.D	47	20	Jul 23, 1997	85,03,644	TCS Limited, Trainee
Ramkumar Krishnamurthy Dargha	AVP and Principal Technology Architect, CIS	BE, M.Tech, PGD	45	20	Nov 12, 2007	61,69,728	Wipro Technologies Limited, Technical Manager
Ratnavelswamy Shanmughom Rethinasamy	AVP and Unit Financial Controller, FIN	B.Com, CA, ICWA, Company Secretary	50	27	Aug 26, 2013	87,33,711	BREN Corporation, CFO
Ravi Kiran Kuchibhotla	AVP and Group Manager – Unit Strategy, Planning and Operations, GDLY	B.Sc, CA	47	24	May 3, 2010	77,68,289	Sierra Atlantic, Director – Enterprise Applications
Ravi Kumar Dikshit	AVP and Delivery Head, ADM	BE	42	20	Mar 24, 1997	87,58,778	Ashok Leyland Limited, Trainee
Ravi Kumar G. V. V.	AVP and Senior Principal – Advanced Engineering, ENG	BE(H), M.Tech, Ph.D	46	20	Jul 1, 2002	63,46,384	Aeronautical Development Agency, Scientist
Ravichandran Annadurai	AVP and Practice Manager, CIS	BE	48	26	Mar 14, 2003	71,31,805	Wipro Technologies Limited, Regional Manager – IMS
Ravikrishnan K.	AVP and Senior Delivery Manager, EAS	BE, PGD	42	19	May 4, 1998	66,41,627	TCS, System Analyst
Ravindranath P. Hirolikar	AVP and Group Manager – Information Security, ISG	BE	43	21	Nov 5, 1997	81,24,462	Global Telecom Services Limited, Network Engineer
Reddy Kesari	AVP and Practice Manager, IND	BE	43	21	Oct 1, 2011	74,41,255	Infosys Consulting, Senior Principal – Business Consulting
Renganathan V. R.	VP and Delivery Head, IND	BE	46	26	Jun 18, 1990	1,38,63,870	–
Richard Lobo	SVP and Head HR – Infosys Limited, HRD	BE, PGD	44	21	Dec 11, 2000	1,33,94,230	Godrej & Boyce MFG Company, Assistant Manager
Ruchika Jain	AVP and Head – Unit Strategy, Planning and Operations, ADM	B.A. (H), MS	46	23	Oct 30, 2000	77,14,719	FSD INT’L Nehru Place, Project Leader
Sachin Manohar Kamat	AVP and Senior Industry Principal, EAS	Diploma, BE, MMS, ICWA	48	27	Jun 4, 2012	60,83,655	Mahindra Satyam, AVP
Sai Kumar Shamanna	VP and Head – Human Resource Development – Units, HRD	BE, MBA	46	24	Aug 21, 2000	1,21,83,015	Denso Haryana Private Limited, Manager – Planning And Procurement
Sajit Vijayakumar	VP and Delivery Head, EAS	B.Com, ACA, AICWA	44	20	Jan 17, 2000	1,04,12,555	ICICI Securities / ICICI Infotech, AVP – Financial Control
Saju Sankaran Kutty	AVP and Practice Engagement Manager, CIS	B.Tech	42	19	Jul 28, 2003	84,22,127	Digital Global Soft, Senior Systems Engineer
Saket Singh	AVP and Practice Manager, CIS	BE	44	22	Dec 29, 1997	70,40,371	L&T Ltd., Engineer
Sandeep M. K.	AVP and Product Line Manager, GDLY	BE, ME	47	24	Feb 1, 1992	80,91,725	IIT Madras, Associate
Sandeep Mahindroo	AVP – Financial Controller and Head – Investor Relations, FIN	B.Com (H), CA	39	16	Jul 17, 2000	70,92,610	Raymond Ltd., Management Trainee – Corp Finance
Santhanakrishnan R.	AVP and Principal – Knowledge Services, PLATFORM	BE, MBA	40	18	Jul 1, 2009	61,24,047	IBPO, Senior Manager
Santosh Panpaliya	AVP and HR Business Leader, HRD	BE, PGD	42	19	Apr 3, 2000	61,56,442	TELCO, Senior Officer
Satheesha B. N.	AVP and Lead Principal – Education, Training and Assessment, TAFF	BE	44	23	May 10, 1993	95,10,249	–
Sathyanarayana Krishnamurthy	AVP and Industry Principal, EAS	BE, M.Tech	49	25	Apr 16, 2007	72,35,587	Enzen Global Solutions Private Limited, AVP
Satish G.	AVP and Senior Delivery Manager, ADM	BE	44	21	Feb 13, 1995	79,12,104	–
Satish H. C.	SVP and Service Offering Head, DNA	BE	44	22	May 2, 1994	1,86,30,052	–
Satish Srinivasa Kabadi	Client Solution Head, CIS	Diploma	42	23	Oct 11, 2010	62,34,899	E4E, Director
Satya Prakash Singh	AVP and Delivery Head, EAS	B.Tech	45	22	Feb 13, 1995	81,79,760	SAIL, Trainee
Saurava Mishra	AVP and Practice Manager, CIS	BE	41	20	Jan 27, 1998	83,46,680	TCS Limted, Project leader
Senthil Nathan M.	AVP and Practice Manager, DNA	B.Tech	42	22	Nov 7, 1994	81,19,323	Parks Controls & Com, Trainee
Shaji Mathew	SVP and Service Offering Head, ADM	B.Tech	45	24	Jun 22, 1992	1,82,79,431	Mukand Limited, Bombay
Shamita Chatterjee	SVP and Group Head – Compensation and Benefits and HR Compliance, HRD	B.A. (H), MBA	46	22	Dec 1, 2011	1,33,23,445	Mercer Consulting Limited, Market Business Leader – South Asia
Sharmistha Adhya	AVP and Head – HR Compliance, HRD	B.Tech (H)	43	19	Mar 22, 2010	72,51,169	Infosys Limited, Delivery Manager
Shishank Gupta	AVP and Delivery Head, IVSU	BE	40	19	Jan 6, 1997	1,03,68,396	–
Shripad N. Shanbhag	AVP and Practice Manager, CIS	B.Tech	46	24	Mar 21, 1992	76,70,174	–
Shyam Kumar Doddavula	AVP and Principal Product Architect, PLATFORM	B.Tech, MS	40	19	Dec 17, 2001	82,19,784	Aztec Software & Tech. Services Limited, Technical Leader
Shyam Sundar V.	AVP and Practice Manager – IT Service, Support and Operations, CIS	BE	48	27	Dec 19, 1994	80,52,067	Monotype India Limited, Senior Customer Support Engineer
Siva Kumar Srinivasa Venkata Nandiwada	AVP and Delivery Head, ADM	B.Sc, PGD, M.Sc	43	18	Jan 2, 2001	84,50,417	I.T. SOLUTIONS, Project Leader
Sreekumar Sreedharan	AVP and Practice Manager, EAS	B.Tech, MBA	47	25	Jul 29, 2002	74,39,572	Satyam Computer Services Limited, Senior Consultant
Sridhara N. R.	VP and Head – Audit and Assessments, QLTY	B.Sc, M.Sc	59	32	Jan 1, 1984	80,45,183	BSNL, Technician
Srikantan Moorthy	EVP and Head – Global Services, ADM	BE	53	31	Dec 7, 2000	3,39,11,070	Inventa Corporation, General Manager
Srinivas J.	AVP and Principal Technology Architect, ADM	B.Tech	44	22	Jun 27, 1994	73,08,217	–
Srinivas Poosarla	VP and Head – Privacy and Data Protection	B.Tech	49	28	Sep 21, 1998	80,04,418	Tata Steel, Manager
Srinivasa Gopal Sugavanam	AVP and Practice Manager, DNA	BE, MMS	43	20	Jan 15, 2002	65,71,680	Atos origin India Pvt. Ltd., Consultant Grade IV
Srinivasan Govindan	AVP and Senior Delivery Manager, ADM	BE	48	25	Nov 12, 1998	68,94,054	ITC, Systems Administrator
Srinivasan Subramaniam	AVP and Principal Technology Architect, IND	BE	42	21	Sep 18, 2008	70,69,049	Dubai World, Enterprise Architecture
Subrata Kar	AVP and Practice Manager, EAS	B.Sc	51	29	Nov 21, 2005	82,46,711	Hexaware Technologies Limited, AVP
Suman Sasmal	VP and Service Offering Head, ADM	BE, PGDBM	52	29	Dec 12, 2001	1,58,18,774	RS Software India Limited, VP
Sumit Virmani	VP and Head – Marketing, MKTG	B.Com, MBA	41	20	May 6, 2004	1,02,10,953	Polaris Software Lab Limited, AVP Marketing
Sundar K. S.	AVP and Lead Principal – Education, Training and Assessment, TAFF	BE, M.Tech, MS	47	23	Aug 26, 1998	70,34,906	S.I.T, Teaching
Sundaresh Shankaran	AVP and Senior Delivery Manager, ENG	BE	46	25	Mar 9, 1998	78,87,319	L&T Limited, Product Engineering
Sunil Jose	AVP and Senior Delivery Manager, ENG	B.Tech	47	25	Jun 8, 1994	91,82,512	Motor Indus Software Services Private Limited, Supervisor
Sunil Kumar Dhareshwar	VP and Global Head – Taxation and Corporate Accounting, FIN	B.Com, CA	40	20	Sep 10, 2013	1,30,35,659	News Corporation (ASIA) Limited, Head Of Tax – Asia
Suraj George Jacob	AVP and Practice Manager, EAS	BE	45	23	Jan 13, 2005	73,25,198	Patni Computer Systems Limited, Senior Consultant
Suresh Kumar Meda	AVP and Senior Delivery Manager, ADM	BE, PGD	43	20	Jun 28, 2000	63,77,311	Deutsche Software India Ltd., Asst. System Analyst
Surya Prakash K.	SVP and Head – Global Services, EAS	BE	47	26	Jul 23, 1990	1,21,60,370	–
Suryanarayanan M. S.	AVP and Senior Delivery Manager, IVSU	B.Sc, MCA	43	20	Aug 2, 1999	70,06,649	Aviation Software Development Consultancy (I) Limited, Systems Engineer
Suryaprakash Viswanath Kareenahalli	VP and Service Offering Head, ADM	BE, PGD	50	27	Oct 15, 2007	1,26,24,792	Wipro Technologies Limited, General Manager
Sushil Kumar	AVP and Delivery Head, ADM	BE, PGD	41	21	Jun 26, 1995	70,00,448	–
Thirumala Arohi	AVP and Senior Delivery Manager, ADM	B.Tech	43	21	Aug 25, 1997	70,37,786	K.T.P.S, General Engineering
Thothathri Visvanathan	VP and Delivery Head, ADM	BE, PGCCA	53	30	Jul 6, 2000	1,61,50,566	CSAI, Senior Consultant
Umashankar Malapaka	AVP and Unit Client Solution Head, ECS	BE, PGD	42	19	Apr 27, 1998	61,33,504	O.M.C. Computers Limited, Developer
Varadharaj Venkataraman	AVP and Geo Lead – Talent Acquisition, TAFF	M.Sc (H), MMS	40	17	Oct 21, 2002	69,75,779	Draft worldwide India Pvt. Ltd., Account Supervisor
Varsha Bharat Verma	AVP and Delivery Partner, ADM	Diploma, B.Sc	50	30	Sep 28, 2001	60,97,355	Infosys Technologies Limited, Consultant
Vasavi Lakshmi	AVP and Head – HR Service Delivery, HRD	BCS, MBA	40	19	Nov 17, 2005	76,19,143	Ramco Systems, Pre Sales Manager
Vasudev Kamath	AVP and Unit Risk Manager, CORP	B.Tech	42	20	Feb 5, 1996	74,80,135	–
Vasudeva M. Nayak	SVP and Group Head – Global Mobility and Assurance, TAFF	BBM, PGDM	58	36	Aug 24, 2011	1,51,64,648	Wipro Technologies Limited, VP
Venkat Narayan S.	AVP and Principal Technology Architect, IND	BE	43	22	Jun 27, 1994	87,75,944	–
Venkata Seshu Gulibhi	AVP and Senior Delivery Manager, DNA	B.Sc, M.Sc, M.Tech	48	24	Feb 21, 1994	74,64,163	UB Informations & Consulting Services, Executive
Vibhuti Kumar Dubey	VP and Service Offering Head, EAS	BE, PGD	51	27	Apr 1, 2002	1,22,21,411	HCL Group, Business Development Manager
Vijay Mishra	AVP and Delivery Head, EAS	BE, PGD	43	20	Jun 8, 1998	89,94,023	The Tata Engineering & Locomotive Co. Limited, Engineer
Vijayeendra S. Purohit	VP and Practice Manager – IT Services, CCD	BE	48	26	Apr 8, 1996	91,66,957	The Printers (Mysore) Limited, Senior Executive
Vinayak Prabhakar Hegde	AVP and Delivery Head, IVSU	BE	43	23	Mar 5, 2007	86,82,298	Wipro Technologies Limited, Delivery Manager
Virendra Paliwal	AVP and Product Line Manager, PLATFORM	Diploma, BE, PGDM	46	23	Aug 28, 1997	76,24,118	Ramco, Production Incharge
Vishwanath Kalasapur Narayan	AVP and Principal Technology Architect, CIS	BE, MS	52	23	Oct 30, 2002	66,46,067	Teraburst Networks Inc., Network Architect
Visvanathan Lakshmi Narayan	AVP and Senior Delivery Manager, ADM	B.Sc, MS, MBA	49	28	Jan 13, 2005	73,50,898	Hexaware Technologies Limited, AVP
Visveswara Gupta K.	AVP and Delivery Head, DX	BE	47	24	Apr 4, 1992	1,07,59,045	–
Yashodhan D. Phatak	AVP and Practice Manager, EAS	BE, PGDM	46	22	Jun 8, 1998	65,83,967	K.S.B. Pumps, Officer

Notes:

The above table is based on payouts made during the year.

Employed for part of the year with an average salary above ₹ 5 lakh per month

Employee name	Designation	Educational qualification	Age	Experience (in years)	Date of joining	Gross remuneration paid (₹)	Previous employment and designation
Avinash Prasad	AVP and Practice Manager, CIS	B.Tech, PGDBA	43	20	Aug 3, 2015	40,39,627	Wipro Technologies Limited, General Manager
Nagaraj Nanjundaram	AVP and Practice Manager, CIS	BE, PGD	45	22	Oct 5, 2015	32,06,600	EdgeVerve, Senior Director and Product Head
Prince Thomas	AVP and Practice Manager, ENG	B.Tech	44	22	Jul 30, 2015	41,77,845	Infosys Lodestone, Associate Partner
Samson Michael David	SVP and Head – Global Services, CIS	BE	47	26	Apr 21, 2015	2,77,63,635	EdgeVerve Systems Limited, COO and Whole-time Director
Sanjay Mahesh Purohit	EVP and Global Head, IGC	BE	49	26	Apr 21, 2015	2,99,73,482	EdgeVerve Systems Limited, CEO and MD
Shankar Krishnamurthy	EVP and Group Head – HRD, HRD	B.A., PG Dip.	53	32	Oct 26, 2015	2,02,03,051	Philips India, HR Head
Venkata Ramana Reddy Gunna	VP and Head – Unit Strategy, Planning and Operations, IGC	B.Tech, MBA	47	23	Aug 31,2015	40,26,273	Mindtree Ltd., Head Talent Management

Notes:

The above table is based on payouts made during the year.

Employee name	Designation	Educational qualification	Age	Experience (in years)	Date of joining	Gross remuneration paid (₹)	Previous employment and designation
Abhay M. Kulkarni	VP and Service Offering Head, ADM	BE	49	26	Apr 24, 2015	21,79,727	TISCO, Graduate Trainee
Abhishek Kumar	Principal Product Architect, FINACLE	BE	35	12	Jul 31, 2015	22,42,518	SAP Labs India, Development Architect
Amit Kumar Jain	Engagement Manager, ECS	BE	38	16	May 15, 2015	13,88,528	KPIT Cummins Infosystems, Module lead
Anand Sinha	AVP and Principal Product Architect, FINACLE	B.Sc (H), PG Diploma in Software Enterprise Mgmt, MCA	41	18	Jul 31, 2015	29,94,525	SAP Labs India, Chief Dev Architect
Anindya Sircar	AVP and Principal IP Officer, LEGAL	B.Sc, M.Sc, Ph.D	46	19	Feb 17, 2016	1,17,51,758	BIOCON Limited, Global Head IPR
Anupama Nithyanand	AVP and Lead Principal – Education and Research, TAFF	BE	47	26	Apr 1, 2015	6,81,940	Wipro Technologies Limited, Manager – Training
Arun Kumar Krishnan	VP and Product Delivery Head, FINACLE	BE, M.Sc (Engg)	52	26	Jul 31, 2015	28,22,965	Welldoc software Pvt. Ltd., VP – Product Development
Ashok Virbhan Lalla	AVP and Principal – Marketing Manager, MKTG	B.A., MMM	44	21	Jun 3, 2015	14,05,745	GROUPM, Leader Digital South Asia
Babu N. S.	AVP and Product Line Manager, FINACLE	B.Sc, M.Sc	43	21	Jul 31, 2015	44,66,769	Aapson Computers, Developer
Balachandran R.	Product Line Manager, FINACLE	BE, PGD	50	24	Jul 31, 2015	21,67,590	Polari Software Lab Limited, Principal Consultant
Balashankar	VP and Head – Business Units Risk Management, CORP	BE	60	36	Nov 6, 2015	60,85,353	BEL, Manager and Dept. Head Of R&D
Deepak N. Hoshing	VP and Head – Architecture, FINACLE	B.Tech	53	30	Jul 31, 2015	64,03,441	Unisys, Senior Systems Analyst
Ganesh Gopalakrishnan	SVP and Group Head – Information Systems, IS	BE (H), PGD	53	28	Apr 15, 2015	56,24,767	Asian Paints (I) Limited, Systems Executive
Girish G. Kamat	Product Line Manager, FINACLE	BE	43	20	Jul 31, 2015	20,94,543	–
Guru Raja C.	Industry Principal, FINACLE	B.Sc, CAIIB, M.Sc	55	32	Jul 31, 2015	20,26,384	Canara Bank, Officer
Hemant Govind Kalgaonkar	Delivery Manager, FINACLE	BE	42	20	Jul 31, 2015	21,03,372	Satyam Computers services Limited, Asst. Consultant
Issac Mathew	Principal – Knowledge Services, DNA	B.Tech, MBA	42	16	May 15, 2015	8,03,836	Ashley Marketelligent Private Limited., EVP, Head of Client Services
Jasdeep Singh Kaler	AVP and Principal Product Architect, FINACLE	BE	40	19	Jul 31, 2015	28,20,543	–
Mahesh Dutt Kolar	AVP and Regional Manager – Finacle Sales, FINACLE	BE, PGD	46	21	Jul 31, 2015	49,17,179	Wipro Fluid Power, Executive
Mahesh R.	Senior Delivery Manager, FINACLE	B.Sc, M.Sc, PGD	51	32	Jul 31, 2015	20,24,700	Canara Bank, Manager
Mahesh Venkataraman	AVP and Delivery Head, IVSU	B.Tech	49	27	Aug 14, 2015	34,22,633	Wipro Technologies Limited, General Manager
Mala Chandrasekhar	SVP and Group Head – Business Finance, FIN	B.Com, ACA	43	17	Oct 12, 2015	71,50,409	Ford India Limited, Financial Analyst
Manish Narayan Savaji	Lead Consultant, FINACLE	B.Sc Tech,B.Sc	47	22	Jul 31, 2015	21,61,976	Accenture, Senior Manager
Manisha Banthia	Principal – Knowledge Services, DNA	B.Sc, MBA	45	20	Jun 5, 2015	11,34,421	IBPO, PR – Group Manager
Mohan Kumar K. L.	AVP and Senior Delivery Manager, FINACLE	B.Sc, CAIIB	49	28	Jul 31, 2015	35,03,617	Vijaya Bank, Assistant Manager
Naresh Kumar K.	AVP and Product Line Manager, FINACLE	BE	47	25	Jul 31, 2015	40,25,700	–
Nishikant Nigam	VP and Delivery Head, CIS	B.Tech	42	20	Apr 2, 2015	15,65,151	–
Pandiya Kumar Rajamony	AVP and Practice Manager, CIS	BE	44	21	Oct 22, 2015	55,48,959	ANZ Information Technology, Associate PM
Prasad C.	AVP and Lead Product Manager, FINACLE	BE	43	21	Jul 31, 2015	38,24,995	Grasim Industries, Trainee
Praveen Gulabrani	Industry Principal, ADM	B.Tech, ME	44	21	Apr 23, 2015	8,27,464	Sapient Corpn, Sr. Software Engineer
Rahul Goyal	Delivery Manager, ADM	BE	41	18	Apr 29, 2015	5,79,154	–
Rahul Shah	AVP and Industry Principal, EAS	B.Tech, PGD	45	21	Oct 30, 2015	51,67,733	IBPO, PR – AVP – OPERATIONS
Rajasekaran K. S.	Industry Principal, FINACLE	B.Sc, PGD, M.Sc	57	32	Jul 31, 2015	21,49,364	–
Rajashekara V. Maiya	AVP and Principal – Product Strategy, FINACLE	B.Com, M.Com, CA	43	20	Jul 31, 2015	47,18,706	Vishnu Bharat & Company, Auditor
Rajendra Awasthi	Senior Delivery Manager, FINACLE	Advanced Diploma, BE (H), PGD	50	24	Jul 31, 2015	23,18,202	Temenos USA Inc, Project Director
Rajesh Shankaran	Delivery Manager, FINACLE	BCS, MBA	43	21	Jul 31, 2015	20,29,991	Logicacmg India, Head Direct Sales
Rajiv Bansal	EVP and Chief Financial Officer, FIN	B.Com (H), CA, ICWAI	43	21	Dec 31, 2015	10,05,73,319	Tata Technologies (I) Limited, Finance Manager
Raktim Singh	Product Line Manager, FINACLE	B.Tech	42	20	Jul 31, 2015	21,11,408	–
Rama Mohan Venkata Kadayinti	VP and Head – Business Excellence, QLTY	BE, M.Tech	46	22	Sep 7, 2015	67,14,869	IBPO, AVP – Quality
Ramakrishnan K. R.	Product Line Manager, FINACLE	B.Com, ACS, CAIIB	52	32	Jul 31, 2015	22,52,365	Canara Bank, Officer
Ramchandran V.	Engagement Manager, FINACLE	BCS, MBA	42	17	Jul 31, 2015	21,14,258	Oracle financial services software Ltd., Consulting practice Director
Roshan Kumar Subudhi	AVP and Delivery Head, EAS	B.Tech, PGD	44	19	Oct 9, 2015	55,53,147	Sierra Atlantic Software Services Limited, VP – Enterprise Applications
Sanjay Jalona	EVP and Segment Head, MFG	M.Sc	47	25	Aug 7, 2015	2,05,36,459	Gemplus India Private Limited, Director
Savio D’Souza	VP and General Manager – IP Deployment and Commercialization, DNA	B.Sc, MCA	46	23	Aug 31, 2015	27,18,264	–
Sheenam Ohrie	VP and Delivery Head, FINACLE	BE	45	23	Jul 31, 2015	39,48,172	SAP Labs India, VP
Siddarth Arvind Shah	Engagement Manager, MFG	B.Com, PGD	37	14	May 19, 2015	10,49,112	E&Y, Asst. Manager – Markets
Siva Subramaniam G. V.	Product Line Manager, FINACLE	B.Com	40	20	Jul 31, 2015	22,41,893	ICICI Bank Home Finance Co.Ltd., Head – All India Branch Operations
Srinivas Padmanabhuni	AVP and Principal Research Scientist, CORPTECH	B.Tech, M.Tech, Ph.D	46	17	Oct 26, 2015	40,49,184	Firewhite Inc., Software Architect
Srinivasan Ayyamoni	Lead Consultant, EAS	B.Com, ACA	41	18	Apr 30, 2015	5,04,489	Scope international (p) Ltd. Standard Chartered Bank, Level 4 Business Analyst
Sudir Babu N. P.	AVP and Senior Delivery Manager, FINACLE	B.Sc, PGD	49	28	Jul 31, 2015	24,19,485	First computer, Corporate Manager – Operations
Suhas Bhaurao Patil	Business Development Manager, FINACLE	Diploma, BCS, MMSc.	46	25	Jul 31, 2015	24,65,132	Aurion pro solutions Limited, VP – Sales
Sukanya Ghosh	AVP and Principal – Marketing Manager, MKTG	B.A. (H)	46	23	Dec 1, 2015	42,73,591	HSBC Electronic Data Processing India Limited, SVP
Sunil Kumar Gupta	VP and Service Offering Head, FINACLE	BE	51	18	Jul 31, 2015	97,03,213	Logica, Chief Operating Officer
Sunil Kumar Mishra	Industry Principal, FINACLE	B.Tech, PGDBM	41	18	Jul 31, 2015	29,92,161	Accenture Services Private Limited, Senior Manager
Uday Kiran Kotla	AVP and Principal Technology Architect, DIS	BE, MS	41	19	Apr 21, 2015	15,71,623	Thought-matrix, Managing Architect
Venkata Subrahmanyam Chivukula	Principal Technology Architect, FINACLE	B.Tech	41	19	Jul 31, 2015	20,11,339	Prism Informatics, Software Engineer
Venkataramanan T. S.	VP and Product Delivery Head, FINACLE	BE	51	29	Jul 31, 2015	63,84,105	TELCO Limited, Senior Systems Officer
Venkatesh S. G.	AVP and Delivery Head, FINACLE	BE, MBA	46	23	Jul 31, 2015	34,16,041	Infosys, delivery Manager
Venkatesh Vaidyanathan	VP and Product Delivery Head, FINACLE	B.Sc, MCA	48	24	Jul 31, 2015	39,15,949	SAP Labs India, Vice President
Venkatramana Gosavi	VP and Regional Head, FINACLE	BE, MBA	51	26	Jul 31, 2015	72,31,994	Ramco Systems, Country Manager – India and Middle East
Vinay C. S.	AVP and Associate Regional Manager – Finacle Sales, FINACLE	BE	47	23	Jul 31, 2015	26,61,297	ARK Technologies, Manager
Vishnu G. Bhat	SVP and Unit Head, CIS	BE	47	23	Apr 10, 2015	28,85,619	R.V. College Of Engineering, Lecturer

Notes:

The above table is based on payouts made during the year.

for and on behalf of the Board of Directors

Bangalore
April 15, 2016

R. Seshasayee

Chairman

Dr. Vishal Sikka

Chief Executive Officer and
Managing Director

Legend

Designations at Infosys
AVP	Associate Vice President
EVP	Executive Vice President
SVP	Senior Vice President
VP	Vice President

Units at Infosys
ADM	Application Development and Maintenance
CCD	Computers and Communication Division
CDG	Communication Design Group
CIS	Cloud and Infrastructure Services
CORP	Corporate
CORPSTGY	Corporate Strategy
CORPTECH	Corporate Technology
DIS	Digital and Integration Services
DNA	Data and Analytics
DX	Digital Experience
EAS	Enterprise Application Package Services
ECS	Energy & utilities, Communications and Services
ENG	Engineering Services
FAC	Facilities
FIN	Finance
FINACLE	Finacle
GDLY	Global Delivery
HRD	Human Resource Department
IGC	Infosys Consulting
IND	India Business Unit
IS	Information Systems
ISG	Information Security Group
IVSU	Independent Validation Solutions
LEGAL	Legal
MFG	Manufacturing
MKTG	Marketing
MRCL	Manufacturing, Retail, Consumer packaged goods and Logistics
PLATFORM	Platforms
PURC	Purchase
QLTY	Quality
TAFF	Talent Fulfilment

Annexure 4 – Auditors’ certificate on corporate governance

The Members of Infosys Limited

We have examined the compliance of conditions of Corporate Governance by Infosys Limited (‘the Company’), for the year ended 31 March 2016, as stipulated in Clause 49 of the Listing Agreement (‘Listing Agreement’) of the Company with the stock exchanges for the period 1 April 2015 to 30 November 2015 and as per the relevant provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) as referred to in Regulation 15(2) of the Listing Regulations for the period 1 December 2015 to 31 March 2016.

The compliance of conditions of Corporate Governance is the responsibility of the Management. Our examination was limited to procedures and implementation thereof, adopted by the Company for ensuring the compliance of the conditions of Corporate Governance. It is neither an audit nor an expression of opinion on the financial statements of the Company.

In our opinion and to the best of our information and according to the explanations given to us, we certify that the Company has complied with the conditions of Corporate Governance as stipulated in the above-mentioned Listing Agreement / Listing Regulations, as applicable.

We further state that such compliance is neither an assurance as to the future viability of the Company nor the efficiency or effectiveness with which the Management has conducted the affairs of the Company.

for B S R & Co. LLP

Chartered Accountants

Firm's registration number: 101248W/W-100022

Bangalore

15 April, 2016

Supreet Sachdev

Partner

Membership number 205385

Annexure 5 – Secretarial audit report for the financial year ended March 31, 2016

(Pursuant to section 204 (1) of Companies Act 2013 and Rule No. 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014)

To,

The Members, Infosys Limited, Bangalore

I have conducted the secretarial audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by INFOSYS LIMITED (hereinafter called the Company). Secretarial Audit was conducted in a manner that provided me a reasonable basis for evaluating the corporate conducts / statutory compliances and expressing my opinion thereon.

Based on my verification of the Company’s books, papers, minute books, forms and returns filed and other records maintained by the Company and also the information provided by the Company, its officers, agents and authorized representatives during the conduct of secretarial audit, I hereby report that in my opinion, the Company has, during the audit period covering the financial year ended on March 31, 2016 complied with the statutory provisions listed hereunder and also that the Company has proper Board-processes and compliance-mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:

I have examined the books, papers, minute books, forms and returns filed and other records maintained by the Company for the financial year ended on March 31, 2016 and made available to me, according to the provisions of:

i.	The Companies Act, 2013 (the Act) and the rules made thereunder;
ii.	The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules made thereunder;
iii.	The Depositories Act, 1996 and the regulations and Bye-laws framed thereunder;
iv.	Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent of Foreign Direct Investment and Overseas Direct Investment;
v.	The following regulations and guidelines prescribed under the Securities and Exchange Board of India Act, 1992 (‘SEBI Act’):
	a)	The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
	b)	The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992;
	c)	The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;
	d)	The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999; and
	e)	The Securities and Exchange Board of India (Registrars to Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with client.
vi.	Other laws applicable specifically to the Company, namely:
	a)	Information Technology Act, 2000 and the rules made thereunder;
	b)	Special Economic Zones Act, 2005 and the rules made thereunder;
	c)	Software Technology Parks of India rules and regulations;
	d)	The Indian Copy Rights Act, 1957;
	e)	The Patents Act, 1970; and
	f)	The Trade Marks Act, 1999.
I have also examined compliance with the applicable clauses of the following: (i) Secretarial Standards issued by The Institute of Company Secretaries of India, (ii) The Listing Agreements entered into by the Company with Stock Exchanges in India.
I report that, during the year under review, the Company has complied with the provisions of the Acts, rules, regulations and guidelines mentioned above.
I further report that, there were no events / actions in pursuance of:
a)	The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008;
b)	The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009; and
c)	The Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998, requiring compliance thereof by the Company during the financial year.

I further report that, based on the information provided and the representation made by the Company and also on the review of the compliance reports of Company Secretary / Chief Executive Officer taken on record by the Board of Directors of the Company, in my opinion, adequate systems and processes exist in the Company to monitor and ensure compliance with provisions of applicable general laws like labour laws and environmental laws.

I further report that, the compliance by the Company of applicable financial laws like direct and indirect tax laws and maintenance of financial records and books of accounts has not been reviewed in this Audit since the same have been subject to review by statutory financial audit and other designated professionals.

I further report that, the Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Act.

Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven days in advance to all Directors, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting.

As per the minutes of the meetings duly recorded and signed by the Chairman the decisions of the Board were unanimous and no dissenting views have been recorded.

I further report that, there are adequate systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

I report further that, during the audit period, except Issue of Bonus Equity Shares, there were no other specific events / actions in pursuance of the above referred laws, rules, regulations, guidelines, etc., having a major bearing on the Company’s affairs.

Bangalore

April 15, 2016

FCS:1325 / C.P.No: 640

P. G. Hegde

Hegde & Hegde

Company Secretaries

Annexure 6 – Extract of Annual Return

Form No. MGT-9

[Pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules, 2014]

Registration and other details

Corporate Identity Number (CIN) of the company	L	8	5	1	1	0	K	A	1	9	8	1	P	L	C	0	1	3	1	1	5

Registration date	July 02, 1981

Name of the company	Infosys Limited

Category / sub-category of the company	Information Technology and Information Technology Enabling Services

Address of the registered office and contact details	Electronics City, Hosur Road, Bangalore, Karnataka, India Tel: 91 80 2852 0261 Fax: 91 80 2852 0362 Email: investors@infosys.com website: www.infosys.com

Listed company (Yes / No)	Yes

Name, address and contact details of Registrar and transfer agent	Karvy Computershare Private Limited Unit: Infosys Limited, Karvy Selenium Tower B Plot 31-32, Gachibowli, Financial District Nanakramguda, Hyderabad – 500 032 Contact person Shobha Anand Assistant General Manager Tel: 91 40 67161559 Email: shobha.anand@karvy.com

Principal business activities of the Company

Name and description of main products / services	NIC code of the product / service	% to total turnover of the Company
Computer programming, consultancy and related activities	620	100

Particulars of holding, subsidiary and associate companies

Name of the parties	Country	CIN / GLN	Holding / Subsidiary / Associate	% holding as at March 31, 2016	Applicable section
Infosys Consulting Holding AG (Infosys Lodestone) (formerly Lodestone Holding AG)	Switzerland		Subsidiary	100	Section 2(87)
Infosys Consulting GmbH (formerly Lodestone Management Consultants GmbH)	Germany		Subsidiary	100	Section 2(87)
Infosys Management Consulting Pty. Limited (formerly Lodestone Management Consultants Pty. Limited)	Australia		Subsidiary	100	Section 2(87)
Infosys Consulting AG (formerly Lodestone Management Consultants AG)	Switzerland		Subsidiary	100	Section 2(87)
Lodestone GmbH (formerly Hafner Bauer & Ödman GmbH)	Switzerland		Subsidiary	100	Section 2(87)
Lodestone Management Consultants Co., Ltd.	China		Subsidiary	100	Section 2(87)
Infosys Consulting s.r.o. (formerly Lodestone Management Consultants s.r.o.)	Czech Republic		Subsidiary	100	Section 2(87)
Lodestone Management Consultants GmbH	Austria		Subsidiary	100	Section 2(87)
Infosys Consulting SAS (formerly Lodestone Management Consultants SAS)	France		Subsidiary	100	Section 2(87)
Infy Consulting Company Limited (formerly Lodestone Management Consultants Ltd.)	U.K.		Subsidiary	100	Section 2(87)
Infy Consulting B.V. (formerly Lodestone Management Consultants B.V.)	Netherlands		Subsidiary	100	Section 2(87)
Infosys Consulting Sp. Z o.o. (formerly Lodestone Management Consultants Sp. z o.o.)	Poland		Subsidiary	100	Section 2(87)
Lodestone Management Consultants Portugal, Unipessoal, Lda	Portugal		Subsidiary	100	Section 2(87)
S.C. Infosys Consulting S.R.L. (formerly SC Lodestone Management Consultants S.R.L.)	Romania		Subsidiary	100	Section 2(87)
Infosys Consulting Pte Ltd. (formerly Lodestone Management Consultants Pte Ltd)	Singapore		Subsidiary	100	Section 2(87)
Lodestone Management Consultants Inc.	U.S.		Subsidiary	100	Section 2(87)
Lodestone Management Consultants (Belgium) S.A.	Belgium		Subsidiary	99.90	Section 2(87)
Infosys Consulting Ltda. (formerly Lodestone Management Consultants Ltda.)	Brazil		Subsidiary	99.99	Section 2(87)
Lodestone Augmentis AG	Switzerland		Subsidiary	100	Section 2(87)
Infosys Consulting S.R.L. (formerly Lodestone Management Consultants S.R.L.)	Argentina		Subsidiary	100	Section 2(87)
Infosys BPO Limited (Infosys BPO)	India	U72200KA2002PLC030310	Subsidiary	99.98	Section 2(87)
EdgeVerve Systems Limited (EdgeVerve)	India	U72200KA2014PLC073660	Subsidiary	100	Section 2(87)
Infosys Technologies (China) Co. Limited (Infosys China)	China		Subsidiary	100	Section 2(87)
Infosys Technologies (Shanghai) Company Limited (Infosys Shanghai)	China		Subsidiary	100	Section 2(87)
Infosys Public Services, Inc. (Infosys Public Services)	U.S.		Subsidiary	100	Section 2(87)
Infosys Americas Inc. (Infosys Americas)	U.S.		Subsidiary	100	Section 2(87)
Infosys Tecnologia do Brasil Ltda.(Infosys Brasil)	Brazil		Subsidiary	100	Section 2(87)
Infosys Technologies S. de R. L. de C. V. (Infosys Mexico)	Mexico		Subsidiary	100	Section 2(87)
Infosys Technologies (Sweden) AB (Infosys Sweden)	Sweden		Subsidiary	100	Section 2(87)
Infosys (Czech Republic) Limited s.r.o (formerly Infosys BPO s.r.o)	Czech Republic		Subsidiary	99.98	Section 2(87)
Infosys Poland Sp. z o.o. (formerly Infosys BPO (Poland) Sp Z.o.o)	Poland		Subsidiary	99.98	Section 2(87)
Infosys McCamish Systems LLC	U.S.		Subsidiary	99.98	Section 2(87)
Portland Group Pty. Limited	Australia		Subsidiary	99.98	Section 2(87)
Infosys Technologies (Australia) Pty. Limited (Infosys Australia)	Australia		Subsidiary	100	Section 2(87)
Infosys Nova Holdings LLC (Infosys Nova)	U.S.		Subsidiary	100	Section 2(87)
Panaya Inc. (Panaya)	U.S.		Subsidiary	100	Section 2(87)
Panaya Ltd.	Israel		Subsidiary	100	Section 2(87)
Panaya GmbH	Germany		Subsidiary	100	Section 2(87)
Panaya Japan Co. Ltd.	Japan		Subsidiary	100	Section 2(87)
Skava Systems Pvt. Ltd. (Skava Systems)	India	U72200TZ2003PTC010618	Subsidiary	100	Section 2(87)
Kallidus Inc. (Kallidus)	U.S.		Subsidiary	100	Section 2(87)
Noah Consulting LLC (Noah)	U.S.		Subsidiary	100	Section 2(87)
Noah Information Management Consulting Inc. (Noah Canada)	Canada		Subsidiary	100	Section 2(87)
DWA Nova LLC	U.S.		Associate	16	Section 2(6)

Notes:

Infosys BPO S. de R.L. de C.V has been liquidated effective March 15, 2016.
Following companies are yet to commence operations:
- Infosys BPO Americas LLC
- Infosys Canada Public Services Ltd.
- Panaya Pty. Ltd.

Shareholding pattern (Equity share capital break-up as percentage of total equity)

(i) Category-wise shareholding

Category code			Category of shareholder	No. of shares held at the beginning of the year				No. of shares held at the end of the year				% change during the year
Category code			Category of shareholder	Demat	Physical	Total	% of total shares	Demat	Physical	Total	% of total shares (1)	% change during the year
(I)			(II)	(III)	(IV)	(V)	(VI)	(VII)	(VIII)	(IX)	(X)	(XI)
(A)	Promoter and promoter group
(1)	Indian
	(a)	Individual / HUF		15,02,15,636	–	15,02,15,636	13.08	29,28,06,199	–	29,28,06,199	12.75	(0.33)
	(b)	Central government		–	–	–	–	–	–	–	–	–
	(c)	State government(s)		–	–	–	–	–	–	–	–	–
	(d)	Bodies corporate		–	–	–	–	–	–	–	–	–
	(e)	Banks / Financial institutions		–	–	–	–	–	–	–	–	–
	(f)	Any other		–	–	–	–	–	–	–	–	–
	Sub-total A(1)			15,02,15,636		15,02,15,636	13.08	29,28,06,199	–	29,28,06,199	12.75	(0.33)
(2)	Foreign
	(a)	Individuals (NRIs / Foreign individuals)		–	–	–	–	–	–	–	–	–
	(b)	Other individuals		–	–	–	–	–	–	–	–	–
	(c)	Bodies corporate		–	–	–	–	–	–	–	–	–
	(d)	Banks / Financial institutions		–	–	–	–	–	–	–	–	–
	(e)	Any other		–	–	–	–	–	–	–	–	–
	Sub-total A(2)
Total shareholding of promoters A=A(1)+A(2)				15,02,15,636		15,02,15,636	13.08	29,28,06,199		29,28,06,199	12.75	(0.33)
(B)	Public shareholding
(1)	Institutions
	(a)	Mutual funds / UTI		6,07,84,954	–	6,07,84,954	5.29	15,23,60,913	–	15,23,60,913	6.63	1.34
	(b)	Banks / Financial institutions		7,25,435	–	7,25,435	0.06	10,88,363	–	10,88,363	0.05	(0.01)
	(c)	Central government		–	–	–	–	–	–	–	–	–
	(d)	State government(s)		–	–	–	–	–	–	–	–	–
	(e)	Venture capital funds		–	–	–	–	–	–	–	–	–
	(f)	Insurance companies		11,19,10,924	–	11,19,10,924	9.74	24,74,20,991	–	24,74,20,991	10.77	1.03
	(g)	Foreign institutional investors		43,59,60,562	19,200	43,59,79,762	37.96	52,01,79,413	12,800	52,01,92,213	22.65	(15.31)
	(h)	Foreign venture capital funds
	(i)	Any other
	Sub-total B(1)			60,93,81,875	19,200	60,94,01,075	53.06	92,10,49,680	12,800	92,10,62,480	40.10	(12.96)
(2)	Non-institutions
	(a)	Bodies corporate		92,55,388	25,600	92,80,988	0.81	1,76,76,850	51,200	1,77,28,050	0.77	(0.04)
	(b)	Individuals
		(i) Individuals holding nominal share capital up to ₹ 1 lakh		6,45,97,620	9,83,912	6,55,81,532	5.71	11,17,72,259	7,37,345	11,25,09,604	4.90	(0.82)
		(ii) Individuals holding nominal share capital in excess of ₹ 1 lakh		4,19,53,512	14,53,800	4,34,07,312	3.78	10,62,34,240	40,22,896	11,02,57,136	4.80	1.02
	(c)	Any other
		(i) Foreign bodies-DR		4,85,371	–	4,85,371	0.04	2,15,185	–	2,15,185	0.01	(0.03)
		(ii) Foreign portfolio investor		5,86,37,491	–	5,86,37,491	5.11	40,40,52,549	–	40,40,52,549	17.59	12.48
		(iii) NRI / OCB		1,75,52,821	3,205	1,75,56,026	1.53	3,49,74,684	6,410	3,49,81,094	1.52	(0.01)
		(iv) Trusts (2)		78,32,920	–	78,32,920	0.68	1,80,14,430	–	1,80,14,430	0.78	0.10
	Sub-total B(2)			20,03,15,123	24,66,517	20,27,81,640	17.66	69,29,40,197	48,17,851	69,77,58,048	30.37	12.72
Total public shareholding total B=B(1)+B(2)				80,96,96,998	24,85,717	81,21,82,715	70.72	1,61,39,89,877	48,30,651	1,61,88,20,528	70.47	(0.24)
Total (A+B)				95,99,12,634	24,85,717	96,23,98,351	83.80	1,90,67,96,076	48,30,651	1,91,16,26,727	83.22	(0.58)
(C)	Shares held by custodians for ADRs			18,60,73,981	–	18,60,73,981	16.20	38,53,17,937	–	38,53,17,937	16.78	(0.58)
Grand total (A+B+C)				1,14,59,86,615	24,85,717	1,14,84,72,332	100.00	2,29,21,14,013	48,30,651	2,29,69,44,664	100.00	–

(1) The total number of shares has increased due to issuance of bonus shares in June 2015 in the ratio of 1:1.

(2) Includes 56,67,200 and 1,13,23,576 shares held by Infosys Limited Employees Welfare Trust which is a Employee Benefit Trust as per SEBI (Share Based Employee Benefits) Regulations, 2014 at the beginning and end of the year respectively and is a non-promoter and non-public shareholding.

(ii) Shareholding of promoters

Name of the shareholder	Shareholding at the beginning of the year			Shareholding at the end of the year			% change in share holding during the year
Name of the shareholder	No. of shares	% of total shares of the Company	% of shares pledged / encumbered to total shares	No. of shares	% of total shares of the Company	% of shares pledged / encumbered to total shares	% change in share holding during the year
Sudha Gopalakrishnan	2,45,89,250	2.14	–	4,91,78,500	2.14	–	–
Rohan Murty	1,58,99,564	1.38	–	3,17,99,128	1.38	–	–
S. Gopalakrishnan	1,33,13,452	1.16	–	2,16,26,904	0.94	–	(0.22)
Nandan M. Nilekani	1,06,91,740	0.93	–	2,13,83,480	0.93	–	–
Akshata Murty	1,02,12,824	0.89	–	2,04,25,648	0.89	–	–
Asha Dinesh	1,00,94,964	0.88	–	2,01,89,928	0.88	–	–
Sudha N. Murty	90,29,320	0.79	–	1,80,58,640	0.79	–	–
Rohini Nilekani	90,02,348	0.78	–	1,80,04,696	0.78	–	–
Dinesh Krishnaswamy	84,93,074	0.74	–	1,69,86,148	0.74	–	–
Shreyas Shibulal	73,52,464	0.64	–	1,46,79,855	0.64	–	–
Shruti Shibulal	73,43,848	0.64	–	1,36,87,696	0.60	–	(0.04)
S. D. Shibulal	49,39,422	0.43	–	88,28,844	0.38	–	(0.05)
N. R. Narayana Murthy	43,59,344	0.38	–	87,18,688	0.38	–	–
Nihar Nilekani	33,31,620	0.29	–	66,63,240	0.29	–	–
Janhavi Nilekani	33,31,582	0.29	–	66,63,164	0.29	–	–
Kumari Shibulal	30,22,088	0.26	–	54,94,176	0.24	–	(0.02)
Divya Dinesh	20,00,000	0.17	–	40,00,000	0.17	–	–
Deeksha Dinesh	20,00,000	0.17	–	40,00,000	0.17	–	–
Meghana	12,08,732	0.11	–	24,17,464	0.11	–	–

Notes:

The total number of shares has increased due to the issuance of bonus shares in June 2015 in the ratio 1:1.

(iii) Change in promoters’ shareholding

Name of the shareholder	Shareholding at the beginning of the year		Cumulative shareholding during the year
Name of the shareholder	No. of shares	% of total shares of the Company	No. of shares	% of total shares of the Company
Sudha Gopalakrishnan
At the beginning of the year	2,45,89,250	2.14	2,45,89,250	2.14
Bonus shares credited on Jun 22, 2015	2,45,89,250	–	4,91,78,500	2.14
At the end of the year			4,91,78,500	2.14
Rohan Murty
At the beginning of the year	1,58,99,564	1.38	1,58,99,564	1.38
Bonus shares credited on Jun 22, 2015	1,58,99,564	–	3,17,99,128	1.38
At the end of the year			3,17,99,128	1.38
S. Gopalakrishnan
At the beginning of the year	1,33,13,452	1.16	1,33,13,452	1.16
Bonus shares credited on Jun 22, 2015	1,33,13,452	–	2,66,26,904	1.16
Sale on Mar 10, 2016	(50,00,000)	(0.22)	2,16,26,904	0.94
At the end of the year			2,16,26,904	0.94
Nandan M. Nilekani
At the beginning of the year	1,06,91,740	0.93	1,06,91,740	0.93
Bonus shares credited on Jun 22, 2015	1,06,91,740	–	2,13,83,480	0.93
At the end of the year			2,13,83,480	0.93
Akshata Murty
At the beginning of the year	1,02,12,824	0.89	1,02,12,824	0.89
Bonus shares credited on Jun 22, 2015	1,02,12,824	–	2,04,25,648	0.89
At the end of the year			2,04,25,648	0.89
Asha Dinesh
At the beginning of the year	1,00,94,964	0.88	1,00,94,964	0.88
Bonus shares credited on Jun 22, 2015	1,00,94,964	–	2,01,89,928	0.88
At the end of the year			2,01,89,928	0.88
Sudha N. Murty
At the beginning of the year	90,29,320	0.79	90,29,320	0.79
Bonus shares credited on Jun 22, 2015	90,29,320	–	1,80,58,640	0.79
At the end of the year			1,80,58,640	0.79
Rohini Nilekani
At the beginning of the year	90,02,348	0.78	90,02,348	0.78
Bonus shares credited on Jun 22, 2015	90,02,348	–	1,80,04,696	0.78
At the end of the year			1,80,04,696	0.78
Dinesh Krishnaswamy
At the beginning of the year	84,93,074	0.74	84,93,074	0.74
Bonus shares credited on Jun 22, 2015	84,93,074	–	1,69,86,148	0.74
At the end of the year			1,69,86,148	0.74
Shreyas Shibulal
At the beginning of the year	73,52,464	0.64	73,52,464	0.64
Bonus shares credited on Jun 22, 2015	73,52,464	–	1,47,04,928	0.64
Sale on Nov 17, 2015	(25,000)	–	1,46,79,928	0.64
Sale on Nov 23, 2015	(73)	–	1,46,79,855	0.64
At the end of the year			1,46,79,855	0.64
Shruti Shibulal
At the beginning of the year	73,43,848	0.64	73,43,848	0.64
Bonus shares credited on Jun 22, 2015	73,43,848	–	1,46,87,696	0.64
Sale on Mar 10, 2016	(10,00,000)	(0.04)	1,36,87,696	0.60
At the end of the year			1,36,87,696	0.60
S. D. Shibulal
At the beginning of the year	49,39,422	0.43	49,39,422	0.43
Bonus shares credited on Jun 22, 2015	49,39,422	–	98,78,844	0.43
Sale on Nov 18, 2015	(25,000)	–	98,53,844	0.43
Sale on Nov 23, 2015	(25,000)	–	98,28,844	0.43
Sale on Mar 10, 2016	(10,00,000)	(0.05)	88,28,844	0.38
At the end of the year			88,28,844	0.38
N. R. Narayana Murthy
At the beginning of the year	43,59,344	0.38	43,59,344	0.38
Bonus shares credited on Jun 22, 2015	43,59,344	–	87,18,688	0.38
At the end of the year			87,18,688	0.38
Nihar Nilekani
At the beginning of the year	33,31,620	0.29	33,31,620	0.29
Bonus shares credited on Jun 22, 2015	33,31,620	–	66,63,240	0.29
At the end of the year			66,63,240	0.29
Janhavi Nilekani
At the beginning of the year	33,31,582	0.29	33,31,582	0.29
Bonus shares credited on Jun 22, 2015	33,31,582	–	66,63,164	0.29
At the end of the year			66,63,164	0.29
Kumari Shibulal
At the beginning of the year	30,22,088	0.26	30,22,088	0.26
Bonus shares credited on Jun 22, 2015	30,22,088	–	60,44,176	0.26
Sale on Nov 18, 2015	(25,000)	–	60,19,176	0.26
Sale on Nov 23, 2015	(25,000)	–	59,94,176	0.26
Sale on Mar 10, 2016	(5,00,000)	(0.02)	54,94,176	0.24
At the end of the year			54,94,176	0.24
Divya Dinesh
At the beginning of the year	20,00,000	0.17	20,00,000	0.17
Bonus shares credited on Jun 22, 2015	20,00,000	–	40,00,000	0.17
At the end of the year			40,00,000	0.17
Deeksha Dinesh
At the beginning of the year	20,00,000	0.17	20,00,000	0.17
Bonus shares credited on Jun 22, 2015	20,00,000	–	40,00,000	0.17
At the end of the year			40,00,000	0.17
Meghana
At the beginning of the year	12,08,732	0.11	12,08,732	0.11
Bonus shares credited on Jun 22, 2015	12,08,732	–	24,17,464	0.11
At the end of the year			24,17,464	0.11

Notes:

The total number of shares has increased due to the issuance of bonus shares in June 2015 in the ratio 1:1.

(iv) Shareholding pattern of top 10 shareholders

(other than directors, promoters and holders of ADRs)

Name of the shareholder	Shareholding at the beginning of the year		Cumulative shareholding during the year
Name of the shareholder	No. of shares	% of total shares of the Company	No. of shares	% of total shares of the Company
Life Insurance Corporation of India
At the beginning of the year	5,52,74,758	4.81	5,52,74,758	4.81
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	82,97,280	0.72	6,35,72,038	5.54
Bonus shares credited on Jun 22, 2015	6,35,72,038	–	12,71,44,076	5.54
Transactions (purchase / sale) after bonus issue up to March 31, 2016	51,30,224	0.22	13,22,74,300	5.76
At the end of the year			13,22,74,300	5.76
Oppenheimer Developing Markets Fund
At the beginning of the year	3,52,52,415	3.07	3,52,52,415	3.07
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	–	–	3,52,52,415	3.07
Bonus shares credited on Jun 22, 2015	3,52,52,415	–	7,05,04,830	3.07
Transactions (purchase / sale) after bonus issue up to March 31, 2016	(2,40,93,468)	(1.05)	4,64,11,362	2.02
At the end of the year			4,64,11,362	2.02
Abu Dhabi Investment Authority
At the beginning of the year	3,01,35,202	2.62	3,01,35,202	2.62
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	(18,67,526)	(0.16)	2,82,67,676	2.46
Bonus shares credited on Jun 22, 2015	2,82,67,676	–	5,65,35,352	2.46
Transactions (purchase / sale) after bonus issue up to March 31, 2016	(18,53,032)	(0.08)	5,46,82,320	2.38
At the end of the year			5,46,82,320	2.38
Government of Singapore
At the beginning of the year	2,39,54,468	2.09	2,39,54,468	2.09
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	(13,68,451)	(0.12)	2,25,86,017	1.97
Bonus shares credited on Jun 22, 2015	2,25,86,017	–	4,51,72,034	1.97
Transactions (purchase / sale) after bonus issue up to March 31, 2016	99,32,323	0.43	5,51,04,357	2.40
At the end of the year			5,51,04,357	2.40
HDFC Trustee Company Ltd. – HDFC Retirement Savings Fund
At the beginning of the year	1,72,99,435	1.51	1,72,99,435	1.51
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	2,82,017	0.02	1,75,81,452	1.53
Bonus shares credited on Jun 22, 2015	1,75,81,452	–	3,51,62,904	1.53
Transactions (purchase / sale) after bonus issue up to March 31, 2016	(22,55,106)	(0.10)	3,29,07,798	1.43
At the end of the year			3,29,07,798	1.43
Vanguard Emerging Markets Stock Index Fund, Aserie
At the beginning of the year	1,72,66,663	1.50	1,72,66,663	1.50
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	1,01,943	0.01	1,73,68,606	1.51
Bonus shares credited on Jun 22, 2015	1,73,68,606	–	3,47,37,212	1.51
Transactions (purchase / sale) after bonus issue up to March 31, 2016	(56,71,147)	(0.24)	2,90,66,065	1.27
At the end of the year			2,90,66,065	1.27
Franklin Templeton Investment Funds
At the beginning of the year	1,39,04,117	1.21	1,39,04,117	1.21
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	(74,42,205)	(0.65)	64,61,912	0.56
Bonus shares credited on Jun 22, 2015	64,61,912	–	1,29,23,824	0.56
Transactions (purchase / sale) after bonus issue up to March 31, 2016	(50,34,170)	(0.22)	78,89,654	0.34
At the end of the year			78,89,654	0.34
Stichting Pensioenfonds ABP
At the beginning of the year	1,25,73,492	1.09	1,25,73,492	1.09
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	(20,97,042)	(0.18)	1,04,76,450	0.91
Bonus shares credited on Jun 22, 2015	1,04,76,450	–	2,09,52,900	0.91
Transactions (purchase / sale) after bonus issue up to March 31, 2016	(2,09,52,900)	(0.91)	–	–
At the end of the year			–	–
ICICI Prudential Life Insurance Company Ltd.
At the beginning of the year	1,22,29,311	1.06	1,22,29,311	1.06
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	(9,01,655)	(0.07)	1,13,27,656	0.98
Bonus shares credited on Jun 22, 2015	1,13,27,656	–	2,26,55,312	0.98
Transactions (purchase / sale) after bonus issue up to March 31, 2016	71,30,115	0.31	2,97,85,427	1.30
At the end of the year			2,97,85,427	1.30
Ishares India Index Mauritius Company
At the beginning of the year	1,04,30,700	0.91	1,04,30,700	0.91
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	11,19,606	0.10	1,15,50,306	1.01
Bonus shares credited on Jun 22, 2015	1,15,50,306	–	2,31,00,612	1.01
Transactions (purchase / sale) after bonus issue up to March 31, 2016	(14,76,896)	(0.07)	2,16,23,716	0.94
At the end of the year			2,16,23,716	0.94
Aberdeen Global Indian Equity (Mauritius) Limited
At the beginning of the year	96,85,000	0.84	96,85,000	0.84
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	–	–	96,85,000	0.84
Bonus shares credited on Jun 22, 2015	96,85,000	–	1,93,70,000	0.84
Transactions (purchase / sale) after bonus issue up to March 31, 2016	(47,81,286)	(0.20)	1,45,88,714	0.64
At the end of the year			1,45,88,714	0.64
Vanguard Total International Stock Index Fund
At the beginning of the year	65,35,829	0.57	65,35,829	0.57
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	7,60,908	0.07	72,96,737	0.64
Bonus shares credited on Jun 22, 2015	72,96,737	–	1,45,93,474	0.64
Transactions (purchase / sale) after bonus issue up to March 31, 2016	45,16,412	0.19	1,91,09,886	0.83
At the end of the year			1,91,09,886	0.83
Stichting Depositary APG Emerging Markets Equity
At the beginning of the year	–	–	–	–
Transactions (purchase / sale) from April 1, 2015 up to bonus issue	–	–	–	–
Bonus shares credited on Jun 22, 2015	–	–	–	–
Transactions (purchase / sale) after bonus issue up to March 31, 2016	2,28,12,976	0.99	2,28,12,976	0.99
At the end of the year			2,28,12,976	0.99

Notes:

The date-wise increase / decrease in shareholding of the top 10 shareholders is available on our website, www.infosys.com.

Change in the top 10 shareholders at the beginning of the year and at the end of the year

(v) Shareholding of directors and key managerial personnel

Name of the director / key managerial personnel (KMP)	Shareholding at the beginning of the year		Cumulative shareholding during the year
Name of the director / key managerial personnel (KMP)	No. of shares	% of total shares of the Company	No. of shares	% of total shares of the Company
U. B. Pravin Rao – COO and Whole-time Director
At the beginning of the year	2,77,760	0.02	2,77,760	0.02
Bonus shares credited on Jun 22, 2015	2,77,760	–	5,55,520	0.02
At the end of the year			5,55,520	0.02
Dr. Vishal Sikka – CEO and MD
At the beginning of the year	–	–	–	–
Allotment on Aug 28, 2015	9,116		9,116	–
Allotment on Jan 8, 2016	1,708	–	10,824	–
At the end of the year			10,824	–
R. Seshasayee – Chairman
At the beginning of the year	124	–	124	–
Bonus shares credited on Jun 22, 2015	124	–	248	–
At the end of the year			248	–
Kiran Mazumdar-Shaw – Director
At the beginning of the year	400	–	400	–
Bonus shares credited on Jun 22, 2015	400	–	800	–
At the end of the year			800	–
Rajiv Bansal – KMP (1)
At the beginning of the year	70,890	0.01	70,890	0.01
Bonus shares credited on June 22, 2015	70,890		1,41,780	0.01
At the end of the year			1,41,780	0.01
M. D. Ranganath – KMP (1)
At the beginning of the year	4,628	–	4,628	–
Bonus shares credited on June 22, 2015	4,628		9,256	–
At the end of the year			9,256	–
A. G. S. Manikantha – KMP (1)
At the beginning of the year	40	–	40	–
Bonus shares credited on June 22, 2015	40		80	–
At the end of the year			80	–

(1) KMP for part of the year

The following directors did not hold any shares during fiscal 2016:

K. V. Kamath – Chairman, resigned on June 5, 2015	Carol M. Browner – Director, resigned on November 23, 2015
Prof. Jeffrey S. Lehman – Director	Ravi Venkatesan – Director
Roopa Kudva – Director	Dr. Punita Kumar-Sinha – Director, appointed on January 14, 2016
Prof. John W. Etchemendy – Director

Indebtedness

The Company has not availed any loan during the year and is a debt-free Company.

Remuneration of directors and key managerial personnel

Remuneration of Managing Director (MD), Whole-time Directors (WTD) and / or manager

in ₹ crore

Particulars of remuneration	Name of MD / WTD / Manager		Total amount
Particulars of remuneration	Dr. Vishal Sikka	U. B. Pravin Rao	Total amount
Gross salary
Salary as per provisions contained in Section 17(1) of the Income-tax Act, 1961	5.96	0.89	6.85
Value of perquisites u/s 17(2) Income-tax Act, 1961	–	2.55	2.55
Profits in lieu of salary under Section 17(3) Income-tax Act, 1961	–	–	–
Stock option (1)	–	–	–
Sweat equity	–	–	–
Commission	–	–	–
as % of profit	–	–	–
Others (2)(3)	42.77	5.84	48.61
Total (A)	48.73	9.28	58.01
Ceiling as per the Act			1,954

(1) During fiscal 2016, Dr. Vishal Sikka was granted RSUs valued at US $2 million on the grant date. The RSUs will vest over a period of four years from the date of grant in the proportions specified in the award agreement (Refer to Note 2.1 of the Standalone financial statements).

(2) Includes payment of variable pay amounting to ₹ 14 crore for the year ended March 31, 2015 to the CEO as decided by the nomination and remuneration committee in its meeting held on June 22, 2015, in line with the compensation plan approved by the shareholders. Further, includes provision for variable pay amounting to US $4.33 million (approximately ₹ 29 crore) for the year ended March 31, 2016 to the CEO. The shareholders in the EGM dated July 30, 2014 had approved a variable pay of US $4.18 million (approximately ₹ 28 crore at current exchange rate) at a target level and also authorized the Board to alter and vary the terms of remuneration. Accordingly, the Board, based on the recommendations of the nomination and remuneration committee approved on April 15, 2016, US $4.33 million (approximately ₹ 29 crore) as variable pay for the year ended March 31, 2016.

(3) Includes bonus, retirals and others on accrual basis (Refer to Note 2.26 in the Standalone financial statements)

Remuneration to other directors

in ₹ crore

Particulars of remuneration	Name of director									Total amount
Particulars of remuneration	K. V. Kamath (1)	R. Seshasayee	Ravi Venkatesan	Prof. Jeffrey S. Lehman	Carol M. Browner (2)	Prof. John W. Etchemendy	Roopa Kudva	Kiran Mazumdar-Shaw	Dr. Punita Kumar-Sinha (3)	Total amount
Independent directors
Fee for attending Board / committee meetings	–	–	–	–	–	–	–	–	–	–
Commission	0.39	1.84	1.04	1.33	0.68	1.05	0.99	0.87	0.20	8.39
Others, please specify	–	–	–	–	–	–	–	–	–	–
Total (1)	0.39	1.84	1.04	1.33	0.68	1.05	0.99	0.87	0.20	8.39
Other non-executive directors	–	–	–	–	–	–	–	–	–	–
Fee for attending Board / committee meetings	–	–	–	–	–	–	–	–	–	–
Commission	–	–	–	–	–	–	–	–	–	–
Others, please specify	–	–	–	–	–	–	–	–	–	–
Total (2)	–	–	–	–	–	–	–	–	–	–
Total (B)=(1+2)	0.39	1.84	1.04	1.33	0.68	1.05	0.99	0.87	0.20	8.39
Total managerial remuneration	0.39	1.84	1.04	1.33	0.68	1.05	0.99	0.87	0.20	8.39
Overall Ceiling as per the Act										178

(1) For the period of April 1, 2015 to June 5, 2015

(2) For the period of April 1, 2015 to November 23, 2015

(3) For the period of January 14, 2016 to March 31, 2016

Remuneration to key managerial personnel other than MD / Manager / WTD

in ₹ crore

Particulars of remuneration	Key managerial personnel			Total
Particulars of remuneration	Company Secretary (1)	CFO (2)	CFO (3)	Total
Gross salary
Salary as per provisions contained in Section 17(1) of the Income-tax Act, 1961	0.06	0.55	1.74	2.35
Value of perquisites u/s 17(2) Income-tax Act, 1961	0.08	0.76	–	0.84
Profits in lieu of salary under Section 17(3) Income-tax Act, 1961	–	–	–	–
Stock option	–	–	–	–
Sweat equity	–	–	–	–
Commission
as % of profit	–	–	–	–
Others (4)	0.23	21.71	1.87	23.81
Total	0.37	23.02	3.61	27.00

(1) Remuneration is for the period June 22, 2015 to March 31, 2016.

(2) Remuneration of Rajiv Bansal is for the period of April 1, 2015 to October 12, 2015.

(3) Remuneration of M. D. Ranganath is for the period of October 12, 2015 to March 31, 2016.

(4) Includes bonus, retirals and others on accrual basis (Refer to Note 2.26 of the Standalone financial statements)

Penalties / punishment / compounding of offences

There were no penalties / punishment / compounding of offences for the year ending March 31, 2016.

Annexure 7 – Annual report on CSR activities

[Pursuant to Section 135 of the Companies Act, 2013]

Sustainable practices have always been an integral part of our larger business strategy. Corporate Social Responsibility (CSR) is a large part of our overall sustainability policy, encompassing social, economic and environmental actions. While philanthropy is one aspect of it, we also lend our support to building institutions, and supporting the preservation of our depleting natural resources by finding new technology that can offer safeguards against the global risks of climate change.

Infosys Foundation (‘the Foundation’), our primary corporate social responsibility trust, was established in 1996 with a vision to boosting our initiatives. This was long before the Companies Act, 2013 mandated that a company should function through a registered trust or society for any CSR activities to be undertaken by it. The Foundation publishes a report of its yearly activities. The report, and more details on the Foundation’s work, are available on http://www.infosys.com/infosys-foundation.

CSR committee

The corporate social responsibility committee (‘the CSR committee’) of the Board is responsible for overseeing the execution of the Company’s CSR policy, and ensuring that the CSR objectives of the Company are met. The CSR committee comprises two independent directors and the CEO and MD. The members of the CSR committee are:

R. Seshasayee, Chairperson
Kiran Mazumdar-Shaw
Dr. Vishal Sikka
Our objectives

Our broad objectives as stated in our CSR policy include:

Making a positive impact on society through economic development and reduction of our resource footprint.
Taking responsibility for the actions of the Company while also encouraging a positive impact through supporting causes concerning the environment, communities and our stakeholders.

For more details on our CSR policy, visit http://www.infosys.com/investors/corporate-governance/Documents/corporate-social-responsibility-policy.pdf.

Focus areas

The Foundation’s activities are focused on the following areas:

Healthcare: Since 1996, the Foundation has funded an array of healthcare projects that have benefitted people in rural as well as urban areas across India. Support provided by the Foundation has helped hospitals and healthcare NGOs procure medicines, medical equipment and vehicles; construct rest houses and specialized treatment blocks; and organize screening camps and health camps, among other things.
Eradication of hunger and promotion of education: Over the years, grants from the Foundation have helped institutions provide midday meals and scholarships to students, train teachers, develop infrastructure such as libraries, hostels and laboratories and institute chairs in an effort to make learning and research viable and competitive.
Art and culture: With an eye to promoting indigenous art and preserving the rich cultural heritage of India, the Foundation, in collaboration with partner organizations, has supported artists – writers, poets, painters, musicians, dancers and theatre artists – by providing funds and opportunities to showcase their art in India and abroad.
Destitute care: The Foundation partners with non-governmental organizations (NGOs) to reach out to destitute children and women by providing vocational training so that they are empowered to earn a livelihood.
Rural development, rehabilitation and disaster relief: Focusing on projects that are aimed at community development, the Foundation works with local administrations across the country in areas such as sanitation, vocational training and entrepreneurship. It also funds infrastructural development projects apart from supporting the rehabilitation of victims of natural and national calamities.
Environmental sustainability: Securing sustainable development and environmental protection though usage of renewable sources of energy, water conservation, waste management and protection of flora and fauna.
Financial details

Section 135 of the Companies Act, 2013 and Rules made under it prescribe that every company having a net worth of ₹ 500 crore or more, or turnover of ₹ 1,000 crore or more or a net profit of ₹ 5 crore or more during any financial year shall ensure that the company spends, in every financial year, at least 2% of the average net profits made during the three immediately preceding financial years, in pursuance of its Corporate Social Responsibility (CSR) Policy. The provisions pertaining to CSR as prescribed under the Companies Act, 2013 are applicable to Infosys Limited.

As per Section 135 of the Companies Act, 2013, the Company was required to spend ₹ 256.01 crore towards CSR activities out of which ₹ 202.30 crore was utilized on activities specified in Schedule VII of the Companies Act, 2013. A few of the projects undertaken are multi-year projects. In addition, as part of its ongoing CSR programs, the Company has spent ₹ 10 crore on Chennai flood relief and rehabilitation activities and ₹ 76 crore on multiple CSR initiatives including, environment sustainability and conservation of natural resources aimed at long-term sustainability of ecosystem which were not covered under Schedule VII of the Companies Act. 2013. The details are provided in the tables below.

The financial details as sought by the Companies Act, 2013 for fiscal 2016 are as follows:

in ₹ crore

Particulars
Average net profit of the Company for last three financial years	12,800
Prescribed CSR expenditure (2% of the average net profit as computed above)
Details of CSR expenditure during the financial year
Total amount to be spent for the financial year	256.01
Amount spent	202.30
Amount unspent (Refer to the paragraph above for details)	53.71

The Infosys Foundation primarily works with non-governmental organizations as nodal agency for implementing projects. The major projects and heads under which the outlay amount was spent in fiscal 2016 are as follows:

in ₹ crore

CSR project / activity / beneficiary	Themes as per our CSR policy	Sector covered within Schedule VII	Location of the project / program	Amount outlay (Budget)	Amount spent on the projects or programs	Cumulative expenditure up to the reporting period	Amount spent direct / implementing agency
(i) Expenditure on projects / programs
Ramakrishna Mission	Rural development	Rural development projects	Aalo	15.00	15.00	15.00	Infosys Foundation and Infosys Limited
Ramakrishna Mission	Healthcare and medical facilities	Promoting healthcare including preventive healthcare	Itanagar	4.25	4.25	4.25	Infosys Limited
Ramakrishna Mission Ashrama	Rural development	Rural development projects	Narainpur	2.00	2.00	2.00	Infosys Foundation
Ramakrishna Sharadashrama	Healthcare and medical facilities	Promoting healthcare including preventive healthcare	Ponnampet, Coorg	1.00	1.00	1.00	Infosys Foundation
Ramakrishna Mission	Destitute care and rehabilitation	Eradicating hunger, poverty and malnutrition	Belur	1.00	1.00	1.00	Infosys Foundation
Rehabilitation during floods	Destitute care and rehabilitation	Disaster relief	Velachery, Medavakkam, Okkiyam, Thoraipakkam, Tambaram, Chidambaram and Cuddalore	12.10	12.10	12.10	Infosys Limited
Akshaya Patra Foundation	Malnutrition and hunger eradication	Eradicating hunger, poverty and malnutrition	Jaipur, Bangalore, Mysore, Jodhpur, Hyderabad, Salem	15.64	15.64	15.64	Infosys Foundation and Infosys Limited
Swachh Bharat	Rural development	Rural development projects	Bhubaneshwar	12.77	12.77	12.77	Infosys Foundation and Infosys Limited
Hudhud Cyclone relief	Rural development	Rural development projects	Visakhapatnam	12.35	12.35	12.35	Infosys Foundation and Infosys Limited
Asia Heart Foundation	Healthcare and medical facilities	Promoting healthcare including preventive healthcare	Bangalore	8.00	8.00	8.00	Infosys Foundation
Indraprastha International Institute for Technology	Improving quality of education	Promoting education, enhancing vocational skills	Delhi	8.00	8.00	8.00	Infosys Limited
Agastya International Foundation	Improving quality of education	Promoting education, enhancing vocational skills	Maharashtra, Odisha	6.00	6.00	6.00	Infosys Limited
Vivekananda Rock Memorial	Improving quality of education	Promoting education, enhancing vocational skills	Sher, Karsang, Jairampur, Roing, Balijan, Oyan, Seijosa, Majuli, Sadiya	6.00	6.00	6.00	Infosys Limited
All India Institute of Medical Sciences	Healthcare and medical facilities	Promoting healthcare including preventive healthcare	Delhi	5.00	5.00	5.00	Infosys Foundation
Bharatiya Vidya Bhavan	Art and Culture	Promotion of Art and culture	Odisha, Kerala, Telangana, Andhra Pradesh, Gujarat, Rajasthan, Maharashtra	5.00	5.00	5.00	Infosys Foundation
Foundation for Revitalization of Local Health Traditions	Healthcare and medical facilities	Promoting healthcare including preventive healthcare	Bangalore	5.00	5.00	5.00	Infosys Limited
Harish-Chandra Research Institute	Improving quality of education	Promoting education, enhancing vocational skills	Allahabad	5.00	5.00	5.00	Infosys Limited
Indian Institute of Management	Improving quality of education	Promoting education, enhancing vocational skills	Ahmedabad	5.00	5.00	5.00	Infosys Foundation
Tata Institute of Fundamental Research	Improving quality of education	Promoting education, enhancing vocational skills	Mumbai	5.10	5.10	5.10	Infosys Limited
Tata Memorial Centre	Healthcare and medical facilities	Promoting healthcare including preventive healthcare	Mumbai	5.00	5.00	5.00	Infosys Foundation
Teach to Lead	Improving quality of education	Promoting education, enhancing vocational skills	Bangalore	5.00	5.00	5.00	Infosys Limited
Construction of Railway Platform	Rural development	Rural development projects	Paranur Village, Veerapuram	4.00	4.00	4.00	Infosys Limited
Sankara Eye Hospital	Healthcare and medical facilities	Promoting healthcare including preventive healthcare	Bangalore	3.46	3.46	3.46	Infosys Foundation
Karnataka Chinmaya Seva Trust	Healthcare and medical facilities	Promoting healthcare including preventive healthcare	Bangalore	2.90	2.90	2.90	Infosys Limited
Bharatiya Jain Sanghatana	Improving quality of education	Promoting education, enhancing vocational skills	Pune	2.50	2.50	2.50	Infosys Foundation
Sri Dhanvantri Trust	Healthcare and medical facilities	Promoting healthcare including preventive healthcare	Chennai	2.00	2.00	2.00	Infosys Limited
Centre for Infectious Disease Research	Healthcare and medical facilities	Promoting healthcare including preventive healthcare	Bangalore	1.59	1.59	1.59	Infosys Foundation
Ranga Shankara	Art and culture	Promotion of art and culture	Bangalore	1.50	1.50	1.50	Infosys Foundation
School Laboratory Project	Rural development	Rural development projects	Kolar	1.35	1.35	1.35	Infosys Limited
Sahakara Mitra Samstha	Rural development	Rural development projects	Anantapur, Chittoor, Adilabad	1.20	1.20	1.20	Infosys Foundation
Sri Ramakrishna Sevashrama	Rural development	Rural development projects	Pavagada	1.20	1.20	1.20	Infosys Limited
Vittala International Institute of Ophthalmology	Healthcare and medical facilities	Promoting healthcare including preventive healthcare	Bangalore	1.06	1.06	1.06	Infosys Foundation
Gram Panchayat	Rural development	Rural development projects	Dharwad	1.01	1.01	1.01	Infosys Foundation
Schizophrenia Research Foundation	Healthcare and medical facilities	Promoting healthcare including preventive healthcare	Chennai	1.00	1.00	1.00	Infosys Limited
Student Tracking System	Improving quality of education	Promoting education, enhancing vocational skills	Udupi and Bijapur	1.00	1.00	1.00	Infosys Foundation
Biomass Cook Stove Project	Sustainability	Environmental sustainability and ecological balance	Koppal	13.40	6.30	6.30	Infosys Limited
Biomass Cook Stove Project	Sustainability	Environmental sustainability and ecological balance	Rajasthan	8.40	2.46	2.46	Infosys Limited
Biogas Project	Sustainability	Environmental sustainability and ecological balance	Ramanagara	22.00	1.58	1.58	Infosys Limited
Biomass Cook Stove Project	Sustainability	Environmental sustainability and ecological balance	Maharashtra	12.00	–	–	Infosys Limited
Others			Others	17.55	17.55	17.55	Infosys Foundation and Infosys Limited
(ii) Overhead
Administrative Expenses	Office	Overhead	Bangalore	4.43	4.43	4.43	Infosys Foundation and Infosys Limited
Total				(1) 247.76	(1) 202.30	(1) 202.30

Notes:

A few of the projects undertaken in the table above are multi-year projects.

(1) Amount does not include ₹ 10 crore contributed towards Chennai relief and ₹ 76 crore on multiple CSR initiatives including environmental sustainability and conservation of natural resources aimed at long-term sustainability of the ecosystem.

Our CSR responsibilities

We hereby affirm that the CSR Policy, as approved by the Board, has been implemented and the CSR committee monitors the implementation of the projects and activities in compliance with our CSR objectives.

Bangalore
April 15, 2016

R. Seshasayee

Chairman

Dr. Vishal Sikka

Chief Executive Officer and
Managing Director

Annexure 8 – Conservation of energy, research and development, technology absorption, foreign exchange earnings and outgo

Particulars pursuant to the Companies (Accounts) Rules, 2014

Conservation of resources

Doing more with less – Infosys believes in conservation of energy and resources to help create a better tomorrow. With our smart building automation, highly-efficient building designs, deep green retrofits and renewable energy, we are well on the path to achieving carbon neutrality. Our Central Command Centre in Bangalore now manages about 45 million sq. ft. of built-up area. The Mysore campus is a shining example of sustainable development through resource conservation and is a model smart city. Use of innovative water-efficient technologies, 100% recycling and reuse of wastewater, and setting up of recharge wells and lakes for groundwater recharge have helped us achieve significant water savings. Persistent efforts in managing our waste effectively and scientifically is getting us close to our goal of minimizing waste-to-landfills.

Renewable energy

In fiscal 2016, we installed solar power plants of 9.7 MW in different campuses in India, taking our total installed capacity to about 12 MW of solar power. One of our greatest achievements this year has been the addition of enough solar power generating capacity in our Hyderabad SEZ campus to make it 100% captive RE.

Green buildings

This fiscal, we were awarded the LEED India Platinum rating for two of our buildings in Pune and Bangalore, and Green Rating for Integrated Habitat Assessment (GRIHA) for our building in Hyderabad. We now have 14 LEED Platinum-rated buildings and four buildings with GRIHA five-star rating.

Retrofits

The deep green retrofits in air-conditioning and UPS systems have helped us achieve 16 MW and 12 MW reductions, respectively in connected load in the last five years. In fiscal 2016 alone, air-conditioning retrofits have led to about 2.5 MW reduction in connected load.

Carbon neutrality

Following our commitment to become carbon neutral, we have started three carbon offset projects – a household biogas project and two biomass cook stove projects – which will together generate nearly 30% of our carbon offset requirement in 2017-18.

Water management

All our new buildings are designed with the most optimal standard of fresh water requirement, that is, 16 liters per capita per day, which is nearly 65% lower than the standard prescribed in the National Building Code. Our extensive smart water metering program has helped us plug leakages and save significant quantities of water. With persistent efforts to conserve rainwater, we have 149 recharge wells and 25 lakes recharging groundwater across campuses.

Waste management

We have strived to ensure reuse, recycling and responsible disposal of waste. This year, we installed biogas plants with a cumulative capacity of nearly 5.5 tons per day (TPD) in different campuses to convert food waste into biogas. The biogas generated is used in our food court kitchens. This will help us save about 300 kg of cooking gas (LPG) per day.

Biodiversity

We make every effort to conserve and promote biodiversity at all our owned facilities. We planted over 80,000 saplings this year. The total number of saplings planted in our campuses in the last eight years is now over 5,00,000.

For more information on environment conservation efforts, refer to ‘Environment’ section in the Business responsibility report.

Health, safety and environment

Environmental sustainability is a business imperative at Infosys. We are committed to providing a safe and healthy workplace to our employees, consultants and contractors and achieving high standards of environmental protection. Recognizing climate change as a major risk to our planet, we have integrated climate change actions into the Company strategy.

Our Health, Safety and Environmental Management System (HSEMS), called Ozone, helps to provide a secure environment for our employees, assets and operations. The initiative also strives to keep employees, contractors and others well-informed, trained and committed to our HSE process. For more information, refer to ‘Employee well-being’ in the Business responsibility report.

Technology absorption

Transforming digital business engine of Infosys IT

The Infosys digital business engine comprises over 250 closely integrated applications centrally hosted in multiple data centers with more than 2,000 physical and virtual servers, over four petabytes of storage, over 125 million files, and heterogeneous technology platforms.

As part of our Renew and New strategy, we are transforming our digital business engine by deploying the following initiatives:

Next-generation flash storage: We deployed next-generation flash storage with inline compression capability in production database clusters resulting in TCO reduction by enabling 4x capacity within existing rack space and over 75% savings on power and cooling requirements per TB of storage volume.

Global Active Device (GAD): We deployed Hitachi GAD in the production database cluster. This has helped us reduce provisioning and configuration complexity of the cluster, and enhanced our data center-level disaster recovery solution.

Work from home: As per the earlier policy, only Infoscions who had an office laptop with a Secure ID or a Digipass reader could work from home. In circumstances like natural calamities, catastrophes like the Chennai floods or during political unrest / strikes, those Infoscions who had no way of connecting to their office desktops were forced to take leave.

Our mission was to enable ‘Work from home for all’. Conventional solutions like VDI required significant investments and complex change management across 1,00,000+ end points. We designed an innovative, secure and intuitive solution with a one-time investment of just US $3 per user that enables 68,000+ Infoscions who only have official desktop to remotely connect from home through their personal devices. We published virtual application (MSTSC or Remote Desktop Connection) through our existing Citrix XenApp farm. Also, conventional RSA and Smart Card solutions were becoming costlier and cumbersome. After evaluating various OTP-based solutions, we found Azure Multi Factor Authentication (MFA) as the most viable one.

IT-run book automation: The growing demands of business and the ever-increasing number of applications resulted in rapid growth of the back-end infrastructure. Significant effort was needed to manage security patches and passwords for over 2,000 service accounts and to monitor applications. For effective management of these processes, the IT team set out on a ‘one-click’ mission. We designed comprehensive workflows that automate end-to-end human process. Traditionally, provisioning infra was also manual and each VM typically required up to two days. With the deployment of VMware vRealize Automation, VM provisioning has become automated, thereby reducing provisioning time to less than 30 minutes and admin effort by 90%.

Efficient power management: The entire infrastructure was earlier kept online 24x7 to ensure service availability but most of it was found to be underutilized during non-business hours. To reduce the cost of power, we have built and deployed an automated power management tool which will continuously monitor the workload on each Virtual Machine (VM) and shut down based on threshold. This has yielded power savings of around 25% per VM.

Integrated weblog analytics: Our requirement was to analyze millions of lines of weblogs across our web server farms to supply application owners with usage analytics and trends based on hits, browser analysis, proactive error correction, and potential attacks and exception hit trends. There were prohibitively costly tools like WebTrends available in this space but were still not meeting all our requirements.

We developed Weblog Analytics solution enabling Near Real Time that now overcomes the historical limitations of weeks required for on-demand processing weblogs, limitations of data retention online, deep dive and drill through analytics and reporting for large data volumes. Weblogs are now parsed every five minutes on the web servers, processed and made available on the dashboard within 15 minutes. Today, 52 core web servers generate 3+ TB weblog text files (2 GB / server), 200+ million hits and 2+ billion records per month. We have been able to retain 2.5 years of historical data online in PDW that has 28 billion+ records, sizing about 3.4 TB (highly compressed) which on SMP SQL server would have been nearly 136 TB.

IT infrastructure

Energy-efficient IT infrastructure

We have adopted a multi-pronged strategy to make our IT infrastructure more energy-efficient. Some of the measures implemented are:

Desktop power management: Terminator, our end-point power management tool, shuts down computers after a specified idle period.

Paperless office drive: Several measures were taken, including secure PIN-based printing, awareness campaigns, mailers and linking paper consumption data to the user’s carbon footprint record.

Desktop application virtualization: Leveraging bubble computing or soft-grid computing, our Computers and Communication Division built a solution that ensured better operational efficiencies, platform independence and productivity improvement.

Virtualization and consolidation: We have further expanded our internal private cloud capacity with MyCloud, which now has a capacity of around 11,000 virtual machines. We have continued to expand our network-attached storage (NAS)-based virtualization this year.

Data centers and server rooms: We have standardized and incorporated eco-friendly designs for data center and server rooms to ensure reduction in power consumption. We have created two state-of-the-art data centers at Pune and Bangalore that run on high efficiency (around 1.2-1.3 PUE) using latest technologies like rack-level cooling. We have redesigned two of our existing data centers at Pune and Hyderabad from legacy architecture to an energy-efficient design by adopting hot and cold aisles and caging for rows of racks.

Unified communications solution

The deployment of Lync communication has made it possible to make calls (including video calls) directly from the system, share files / applications, thus cutting down travel requirements of our employees and thereby reducing CO2 emissions. We have doubled and enhanced our video conferencing (VC) capacity, resulting in a 70% increase in our VC usage.

Research and development expenditure

The R&D centers of the Company, located at Bangalore, Bhubaneswar, Chandigarh, Chennai, Pune, Hyderabad, Mysore and Thiruvananthapuram, have been accorded approval for weighted deduction by the Department of Scientific and Industrial Research (DSIR) effective November 23, 2011, which has been renewed effective April 2014. The Company has claimed weighted tax deduction on eligible research and development till July 31, 2015 based on approval from DSIR. With effect from August 1, 2015, the business of Finacle, including the R&D activities, is transferred to its wholly-owned subsidiary, EdgeVerve Systems Limited. Hence, from that date, EdgeVerve Systems Limited has claimed the weighted tax deduction on eligible research and development expenditures u/s 35(2AB) of the Income-tax Act 1961. The weighted tax deduction is equal to 200% of such expenditure incurred.

The eligible R&D revenue and capital expenditure on a standalone basis are ₹ 54 crore and Nil respectively for the year ended March 31, 2016 and ₹ 160 crore and Nil respectively for the year ended 31, 2015. On a standalone basis, the total R&D expenditure, including eligible R&D expenditure for fiscal years 2016 and 2015 is as follows:

in ₹ crore

	2016	2015
Revenue expenditure	384	590
Capital expenditure	31	15
Total	415	605
R&D expenditure / revenue (%)	0.8	1.3

Future plan of action

We will continue to focus on and collaborate with leading national and international universities, product vendors and technology start-up companies. We are creating an ecosystem to co-create business solutions on client-specific business themes.

Foreign exchange earnings and outgo

We have established a substantial direct marketing network around the world, including North America, Europe and Asia Pacific. These offices are staffed with sales and marketing specialists who sell our services to large international clients.

Activity in foreign currency – standalone

in ₹ crore

	2016	2015
Earnings	52,866	46,158
Expenditure	26,529	22,045
Net foreign exchange earnings (NFE)	26,337	24,113
NFE / earnings (%)	49.8	52.2

for and on behalf of the Board of Directors

Bangalore
April 15, 2016

R. Seshasayee

Chairman

Dr. Vishal Sikka

Chief Executive Officer and
Managing Director

ANNUAL REPORT-2016

Financials

Annexures to Board’s report