Infosys CEO Salil Parekh’s remuneration fixed at ₹23 cr for FY21

Infosys Chief Executive Officer & MD Salil Parekh’s remuneration for FY21 has been fixed at ₹23 crore. During the previous year, he drew a total remuneration of ₹24.67 crore.

In a notice to the stock exchanges, the Infosys board on April 20, 2020, based on the recommendations of the Nomination and Remuneration Committee, approved the performance-based grant of RSUs amounting to ₹13 crore for the financial year 2021 under the 2015 Stock Incentive Compensation Plan (2015 plan) to Parekh.

These RSUs will vest in line with the current employment agreement. The RSUs will be granted from May 2, and the number of RSU’s will be calculated based on the market price at the close of trading on May 2.