Infosys CEO Salil Parekh drew ₹24.67 cr pay package in FY191 min read . Updated: 20 May 2019, 05:38 PM IST
- Parekh, who joined Infosys in January 2018, received ₹6.07 crore in fixed salary and ₹10.96 crore in bonus
- He also received ₹7.64 crore in perquisites on account of exercise of 1,03,604 restricted stock units (RSUs) during fiscal 2019
NEW DELHI : Salil Parekh, the chief executive officer of Infosys, took home a pay package of ₹24.67 crore in the last financial year, the company's annual report showed.
Parekh, who joined Infosys in January 2018, received ₹6.07 crore in fixed salary and ₹10.96 crore in bonus, incentives and variable pay in 2018-19.
He also received ₹7.64 crore in perquisites on account of exercise of 1,03,604 restricted stock units (RSUs) during fiscal 2019, the annual report said.
Compared to this, Tata Consultancy Services CEO Rajesh Gopinathan drew a package of over ₹16 crore. In its annual report, the country's IT services firm said Gopinathan's compensation had grown over 28 per cent in FY2018-19.
Gopinathan's remuneration included ₹1.15 crore in salary, ₹1.26 crore in perquisites, ₹13 crore in commission and over ₹60 lakh in other allowances - all of which added up to a package of ₹16.02 crore.
Infosys chief operating officer UB Pravin Rao earned ₹9.05 crore in FY2018-19 against ₹8.22 crore in the previous financial year.
His remuneration in FY2018-19 included ₹4.41 crore in fixed salary, ₹3.83 crore in bonus/incentives/variable pay and ₹0.81 crore in stock option.
Last week, Infosys had announced that it would allocate five crore shares to its employees under a new stock incentive plan - Plan 2019. Under this, Parekh would be given ₹10 crore worth of shares, while Rao will receive stocks worth about ₹4 crore.
Infosys Chairman Nandan Nilekani - in the annual report - wrote that over the past year, the company has been "working relentlessly to rebuild a 200,000-plus people organisation to operate with the speed and agility of a startup".
"We are reforming root and branch, replacing legacy systems and mindsets, dissolving thick encrusted silos, energising the believers and converting the sceptics," he added.
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