Infosys CEO Salil Parekh's Salary More Than 75 Crores a Year

Salil Parekh, the CEO of Infosys, has seen his yearly salary increase by 88 percent to 79.75 crore, making him one of the country's highest-paid executives.

Parekh, received a remuneration of 71.02 crore in the fiscal year ending March 31, 2022, according to the company's annual report filed on Thursday.

Parekh was compensated a total of Rs 71 crore in FY22, with Rs 52 crore coming from restricted stock units.

Parekh's performance-based compensation will increase to 86 percent from 77 percent under the new remuneration structure.

Parekh was also reappointed as the company's Chief Executive Officer and Managing Director for another five years, till March 31, 2027. 

The new employment agreement, subject to shareholder approval, will come into effect on July 2. 

CEOs of Infosys 1. Narayan Murthy 1981 to March 2002

2. Nandan Nilekani March 2002 to April 2007

3. Kris Gopalakrishnan April 2007 to August 2011

4. S. D. Shibulal August 2011 to July 2014

5. Vishal Sikka August 2014 to August 2017

6. UB Pravin Rao (interim) August 2017 to December 2017

7. Salil S. Parekh January 2018 onwards