Company: INFY
Filing Date: 2025-07-01
Form Type: 20-F
Source: 0000950170-25-091925
Chunk: 97

Company: Infosys Ltd
Filing Date: 2025-07-01
Form: 20-F
Item: Item 5
Chunk 97
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atuity Plan) covering eligible employees. The Gratuity Plan provides a lump-sum payment to vested employees at retirement, death, incapacitation, or termination of employment, of an amount based on the respective employee’s salary and the tenure of employment.

 

The following table sets forth the defined benefit obligation and fair value of plan assets as of March 31, 2025, and March 31, 2024 pertaining to our defined benefit gratuity plan:

                                                              (Dollars in millions)                                
                                                              As of                                                
                                                              March 31, 2025                  March 31, 2024       
Benefit obligation at the end                                 294                             253                  
Fair Value of plan assets at the end                          319                             249                  
Funded Status – Net defined benefit plan asset /(liability)   25                                        (4        )

We also operate defined benefit pension plans in certain overseas jurisdictions, in accordance with local laws. The plans provide for periodic payouts after retirement and/or a lumpsum payment as set out in rules of each fund and includes death and disability benefits. The defined benefit plans require contributions which are based on a percentage of salary that varies depending on the age of the respective employees.

The following table sets forth the defined benefit obligation and fair value of plan assets as of March 31, 2025, and March 31, 2024, pertaining to our overseas pension plan:

                                                           (Dollars in millions)                                
                                                           As of                                                
                                                           March 31, 2025                  March 31, 2024       
Benefit obligation at the end                              138                             122                  
Fair Value of plan assets at the end                       133                             119                  
Funded Status – (Accrued defined benefit plan liability)             (5        )                     (3        )

Further, we also provide for provident fund to eligible employees of Infosys, which is a defined benefit plan as the Company has an obligation to make good the shortfall, if any, between the return from the investments of the trust and the notified interest rate.
The following table sets forth the defined benefit obligation and fair value of plan assets as of March 31, 2025, and March 31, 2024, pertaining to our defined benefit provident fund plan:

                                                  (Dollars in millions)                                
                                                  As of                                                
                                                  March 31, 2025                  March 31, 2024       
Benefit obligation at the end                               1,622                           1,424      
Fair Value of plan