Infosys CEO Salil Parekh’s pay falls 21% to Rs 56.4 crore in FY23

Infosys chief executive Salil Parekh’s remuneration fell 21% to Rs 56.4 crore in fiscal year 2022-23, according to India’s second-largest software exporter’s annual report that was released on Friday.

The difference was because of lower stock options exercised compared to last year. Parekh’s compensation included Rs 30.6 crore in stock options as he exercised 1,24,783 stock units under the 2015 stock option plan and 73,962 units under the 2019 plan during the last fiscal. The pay also included Rs. 18.73 crore in variable pay and Rs 45 lakh in retiral benefits.

He took home Rs 71 crore in the previous year ending 2022 which included Rs 52.33 crore worth of stock options exercised.