Infosys, a leading Indian IT services company, has announced a 22% increase in CEO Salil Parekh’s annual compensation for the fiscal year 2024-25, bringing his total remuneration to ₹80.62 crore. This significant raise underscores the company’s recognition of Parekh’s leadership and performance during a year marked by global economic uncertainties.
Key Highlights:
- Total Compensation Breakdown:
- Base Salary: ₹7.45 crore
- Variable Pay and Incentives: ₹23.18 crore
- Stock Options Exercised: ₹49.5 crore
- Retiral Benefits: ₹49 lakh
- Total: ₹80.62 crore
- Stock Options: The substantial increase in compensation is primarily attributed to Parekh exercising 3,06,276 restricted stock units (RSUs) from a 2015 incentive plan and 39,141 RSUs granted under a 2019 plan during the year.
- Comparison with Peers:
- TCS CEO K. Krithivasan: ₹26.5 crore (4.6% increase)
- Wipro CEO Srinivas Pallia: ₹53.64 crore
- HCLTech CEO C. Vijayakumar: ₹84.16 crore (FY24)
- Employee Compensation: Parekh’s salary is 752 times the median employee remuneration at Infosys, which stands at ₹10.72 lakh. The average salary hike for Infosys employees was approximately 6.5% during the same period.
- Company Performance: Infosys reported a revenue of $19.28 billion for FY25, marking a 3.85% increase from the previous year. Despite the modest growth, the company remains the second-fastest growing among India’s top five IT firms, following HCLTech.
- Leadership Tenure: Salil Parekh has been serving as the CEO and Managing Director of Infosys since January 2, 2018. His current term extends until March 31, 2027, following a reappointment endorsed by the board and shareholders in 2022.
