Infosys CEO & MD Salil Parekh.
Infosys chief executive officer (CEO) Salil Parekh’s compensation included Rs 5.69 crore base salary, Rs 0.38 crore retiral benefits, Rs 12.62 crore bonus and incentives and Rs 52.33 crore in perquisites on account of stock options exercised
The total compensation of Infosys chief executive officer (CEO) and managing director (MD) Salil Parekh increased 43 per cent to Rs 71.02 crore per annum in the last fiscal. More than half of the his salary had come from the exercise of his stock option, the latest annual report of the software major showed. Infosys CEO had received a total remuneration of Rs 49.68 crore in 2020-21 and Rs 34.27 crore in 2019-20.
Parekh’s compensation during 2021-22 included Rs 5.69 crore base salary, Rs 0.38 crore retiral benefits, Rs 12.62 crore bonus and incentives and Rs 52.33 crore in perquisites on account of stock options exercised, according to the annual report.
Rajesh Gopinathan, chief executive officer and managing director of India’s largest information technology or IT services firm Tata Consultancy Services, drew a pay package of Rs 25.76 crore in 2021-21.
Infosys non-executive chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services rendered to the company during 2021-22, the report said.
The compensation of chief operating officer U B Pravin Rao also jumped sharply in fiscal 2021-22. His salary increased 116 per cent to Rs 37.3 crore in FY22 against Rs 17.3 crore in FY21. Rao had received a base salary of Rs 2.95 crore, retiral benefits of 0.13 crore, bonus or incentives or variable pay of Rs 7.99 crore and Rs 26.19 crore in stock options.
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