Infosys CEO Salil Parekh’s pay package rises to nearly Rs 50 cr in 2020-21

Infosys CEO Salil Parekh saw his annual pay package jump to Rs 49.68 crore in 2020-21, with more than half of the total amount coming from exercise of stock options.

Parekh’s compensation was at Rs 34.27 crore in 2019-20.

The company’s annual report for 2020-21 showed that his compensation included Rs 6.07 crore in salary, Rs 12.62 crore in bonus, incentives or variable pay, and Rs 30.99 crore in perquisites on account of stock options exercised.

Rajesh Gopinathan, chief executive officer and managing director of India’s largest IT services firm Tata Consultancy Services, drew a pay package of Rs 20.36 crore in 2020-21.

Infosys Chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services rendered to the company during 2020-21, the report said.