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Nandan Nilekani
Nandan Nilekani INFY
Co-Founder & Chairman, Infosys
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Will AI Wipe Out The I.T Industry? Infosys Chairman Nandan Nilekani's Big Statement On AI

📅 Jun 23, 2026 NDTV Profit 12 MIN 1 SEGMENTS · 1 SPEAKERS
LIVE: Watch the live proceedings of Infosys' 45th Annual General Meeting being held via video conference on Tuesday, June 23, ...

What Nandan Nilekani said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Nandan Nilekani, Chairman of Infosys, addressed shareholders at the 45th annual general meeting, reporting fiscal 2026 results: revenues of $20.2 billion, 3.1% constant currency growth, adjusted operating margin of 21%, free cash flow of $3.7 billion (112.6% of net profit), and large deal TCV of $14.9 billion with 55% net new. He announced a final dividend of ₹25, total dividend of ₹48 (11.6% growth), and leadership changes including Nitin Paranjpe as vice chairman. On AI, Nilekani asserted that AI will not replace companies like Infosys but amplify those who adapt, citing collaboration with 90% of top 200 clients on AI and an AI-first value framework targeting a $300-400 billion opportunity by 2030. He highlighted hiring over 20,000 college graduates, ending with 325,000 employees, and several acquisitions including a JV with Telstra. He also noted carbon neutrality for the seventh year and Infosys Foundation's 200 projects impacting 7 million lives.

Key takeaways

  1. AI will amplify, not replace, companies like Infosys; collaboration with 90% of top 200 clients on AI.
  2. Infosys targets a $300-400 billion AI opportunity by 2030.
  3. Fiscal 2026 revenues were $20.2 billion, growing 3.1% in constant currency.
  4. Large deal TCV was $14.9 billion, with 55% net new.
  5. Total dividend of ₹48, up 11.6%, with final dividend of ₹25.

Numbers and commitments

FigureWhat it refers toTypeAt
$20.2 billion Fiscal 2026 revenues metric 0:04
3.1% Constant currency revenue growth metric 0:04
21% Adjusted operating margin metric 0:04
$3.7 billion Free cash flow metric 0:04
112.6% Free cash flow as percentage of net profit metric 0:04
$14.9 billion Large deal total contract value metric 0:04
55% Net new large deals metric 0:04
₹25 Final dividend per share commitment 0:04
₹48 Total dividend per share commitment 0:04
11.6% Dividend growth metric 0:04
Nandan Nilekani 0:04 ↗
Dear shareholders, welcome to the 45th annual general meeting of Infosys. Fiscal 2026 has been a year of disciplined execution and resilience. We delivered $20.2 billion in revenues, growing 3.1% in constant currency, with a strong adjusted operating margin of 21% and free cash flow of $3.7 billion, 112.6% of net profit. Large deal TCV was $14.9 billion, 55% net new. The board recommended a final dividend of ₹25, total dividend ₹48, 11.6% growth. Nitin Paranjpe has been appointed vice chairman. Diane Jurgens was appointed independent director, and Ellen Poier was reappointed for a second term. On AI: three years after GenAI launched, Infosys is more relevant than ever. AI will not replace companies like ours; it will amplify those who move with purpose and adapt with speed. Legacy modernization is urgent. We are collaborating with 90% of our top 200 clients on AI. We unveiled an AI-first value framework targeting a $300–400 billion opportunity by 2030. We recruited over 20,000 college graduates, ending with 325,000 employees. Acquisitions include M Consulting Limited, The Missing Link Group, and we formed a JV with Telstra to acquire Versend Group, plus acquisitions of Status Global LLC and Optimum Healthcare IT. We achieved carbon neutrality for the seventh consecutive year; 81.8% of India operations use renewables. Eleven campuses have true zero waste certification. Infosys Foundation undertook 200 projects impacting 7 million lives. We were recognized as the world's most ethical company for the sixth year. On behalf of the board, I thank our employees, clients, co-founders, and shareholders for their support. I now request Salil Parekh, CEO and MD, to continue.

Cite this transcript

APA, MLA, BibTeX
APA

Nilekani, N. (2026, June 23). Will AI Wipe Out The I.T Industry? Infosys Chairman Nandan Nilekani's Big Statement On AI [Interview transcript]. NDTV Profit. CEOInterviews.AI. https://ceointerviews.ai/interview/1004091/

MLA

Nandan Nilekani. "Will AI Wipe Out The I.T Industry? Infosys Chairman Nandan Nilekani's Big Statement On AI." NDTV Profit, 23 Jun. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1004091/.

BibTeX 
@misc{nilekani2026_1004091,
  author       = {Nandan Nilekani},
  title        = {Will AI Wipe Out The I.T Industry? Infosys Chairman Nandan Nilekani's Big Statement On AI},
  howpublished = {Interview transcript, NDTV Profit. CEOInterviews.AI},
  year         = {2026},
  month        = {jun},
  url          = {https://ceointerviews.ai/interview/1004091/},
  note         = {Speaker-attributed transcript with timestamps}
}