Salil Parekh, CEO of Infosys, has seen his pay increase by a staggering 88% to Rs 79.8 crore (more than $10 million), as a reward for the company’s industry-leading performance and the remarkable rise in shareholder value under his leadership.
Along with the adjustment, Parekh’s contract was extended by five years. The majority of the growth is in awards depending on performance (cash and stocks). To Rs 68.8 crore, this has increased by 1100%. To Rs 11 crore, fixed compensation has increased by 13%. The revision of the CEO salary was carried out, according to the company’s annual report for 2021–2022, in order to compare it to that of competitors like Accenture, IBM, TCS, Capgemini, Cognizant, DXC, and others.
What is the salary of Infosys CEO?
The average compensation for an Infosys CEO in India is 107.4 Lakhs for 0 years of experience. The CEO compensation at Infosys India is in the range of 12.0 to 340.0 lakhs. Julie Sweet, the CEO of Accenture, received a pay check of $23 million in 2021, largely in stock awards, and Arvind Krishna, the CEO of IBM, received a total compensation of $17.5 million in the same year. Brian Humphries, the CEO of Cognizant, saw a 42.5% increase in pay to $19.6 million in 2021, while Rajesh Gopinathan, the CEO of TCS, saw a 28% increase in total pay to Rs 25.8 crore in the previous fiscal year. According to the business, Parekh’s salary currently hovers around the median salary for colleagues.