Information technology services giant Infosys will hire 20,000 college graduates in FY27, CEO Salil Parekh said on the sidelines of the World Economic Forum (WEF) annual meeting in Davos, as the company pivots its services portfolio towards areas where it sees growth opportunities from artificial intelligence (AI).
The WEF is scheduled between January 19-23, and will bring together nearly 3,000 leaders from over 130 countries, including 400 top political leaders and 850 CEOs.
“From April 1, 2026 to March 31, 2027, Infosys will hire another 20,000 college graduates; it's already in our plan,” Parekh told Moneycontrol.
In the first three quarters of FY26, India’s second-largest IT services exporter has already recruited 18,000 college graduates, while its net headcount increased by over 5,000 employees in the last quarter (Q3FY26). By the end of FY26, it expects to hire 20,000 college graduates.
AI Opportunities Galore
Parekh added that the Bengaluru-based company is seeing opportunities from AI even as parts of traditional work come under pressure.
“We see some places where there’s compression and some places where there’s growth. And we see the growth a little bit more than what we see on the compression,” he said.
The Infosys CEO said AI is creating new service demand across software development, customer service, and modernisation of legacy applications, driven by increasing adoption of AI agents and broader use of different foundation models.
“If you take an example of software development, where there’s a lot of (AI) agents being developed on different foundation models… There’s work going on, for example, on customer service… when there are old legacy applications and how to modernize them using agents,” Parekh said, adding that these are emerging areas of work even as the company sees some compression of the existing work.
On December 25, Moneycontrol exclusively reported that the software major has raised entry-level salaries for freshers, with compensation packages of up to Rs 21 lakh per annum for specialised technology roles, as it ramps up hiring to strengthen AI‑first capabilities and attract digitally native talent.
Moving from AI PoCs to Production
Parekh also highlighted that client adoption is moving beyond pilots in several pockets, with projects getting deployed at scale.
“In financial services, (out of) 25 of our largest clients, (in) 15 we are the AI partner of choice… So these are real projects. This is not proof of concept. These are projects in banks, which are being used at scale today,” he said.
When asked on deflationary impact on pricing because of AI, Parekh said that it is still early stages of evolving pricing models for AI-led delivery, as projects begin to blend human teams with AI agents.
“It’s still an early time period… we are already doing some of the pricing based on agents, pricing based on joint teams, which is agent plus human, but it’s a very small number of that work,” he said, adding that more standard models could emerge over the next few quarters and years.
2026 Tech Budgets
Reacting to the outlook for client tech spending, Parekh said large companies in the US appear to be seeing stronger GDP growth, which could support decision-making around technology investments.
“What appears to be is that many of the large companies are seeing the growth of the US GDP. This is more for the US side first than for Europe,” he said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
