Infosys CEO Salil Parekh’s compensation jumps 44% in FY21

Infosys chief executive Salil Parekh’s compensation rose 44% in fiscal year 2020-21, and he took home Rs 49 crore, the Bengaluru-based IT services provider said in its annual report.

The increase was due to stock incentives granted in previous years and exercised by Parekh in the just concluded financial year, and because of an increase in his performance-based variable pay.

Parekh’s compensation included Rs 30.99 crore in stock options and Rs 38 lakh in retiral benefits.

In the financial year 2019-20, Parekh’s income was Rs 34.27 crore.