Infosys CEO Salil Parekh's annual compensation grew to Rs 66 crore in FY24
Infosys Chief Executive Officer, Salil Parekh’s annual compensation grew by 17.3% in FY24 to reach Rs 66.2 crore, annual report of the company revealed. Parekh drew a salary of Rs 56.4 crore in FY23.
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In the previous fiscal, his remuneration had fallen by 21% to Rs 56.4 crore from Rs 71.02 crore in FY22.
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Offering CollegeCourseWebsiteIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitMIT xPROMIT Technology Leadership and InnovationVisitParekh's remuneration comprised of fixed pay, variable pay, retiral benefits, and the perquisite value of stock incentives exercised during the period. Parekh’s total fixed salary grew to Rs 7.47 crore in FY24 from Rs 7.12 crore in FY23. He got bonus of Rs 19.75 crore in FY24, compared to Rs 18.73 crore in FY23.
His remuneration for FY24 also included Rs 39.03 crore on account of exercise of 2,58,636 RSUs (restricted Stock Units). In contrast, during the fiscal 23, Parekh’s remuneration included Rs 30.60 crore on account of exercise of RSUs.
Meanwhile, median remuneration of employees (MRE) was Rs 9,77,868 and Rs 9,00,012 in fiscal 2024 and fiscal 2023, respectively. The increase in MRE in fiscal 2024, as compared to fiscal 2023, was 8.65%.
Nandan M. Nilekani, non-executive chairman of Infosys, voluntarily chose not to receive any remuneration
