Infosys CEO Salil Parekh draws Rs 34.27 cr pay package in FY20: Report

Infosys CEO Salil Parekh saw his pay package growing about 39 per cent to Rs 34.27 crore in 2019-20, according to the company’s annual report. Parekh’s compensation was at Rs 24.67 crore in 2018-19.

The company’s annual report for 2019-20 showed that his compensation included Rs 16.85 crore in salary, Rs 17.04 crore in stock options and Rs 38 lakh (others). Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services, the report said.

Chief Operating Officer U B Pravin Rao’s compensation rose 17.1 per cent to Rs 10.6 crore in FY20 from Rs 9.05 crore in the previous fiscal. Interestingly, TCS CEO and MD Rajesh Gopinathan had seen his pay package shrinking more than 16 per cent to Rs 13.3 crore in 2019-20 compared to the previous fiscal.