Infosys CEO drew ₹ 24.67 cr pay package in FY19

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.