Infosys CEO’s pay drops by 29% to Rs 56 crore in FY23

BENGALURU: Infosys CEO Salil Parekh’s compensation dropped 29. 3% to Rs 56. 4 crore in the 2022-23 financial year, after a massive 88% jump to Rs 79. 8 crore in the year before that. This was presumably because of the company’s weak performance in the final quarter of the year, and the modest revenue guidance for the current year. His remuneration included Rs 30. 6 crore due to RSUs (restricted stock units).

Infosys’ outgoing president Mohit Joshi’s compensation rose 64. 6% to Rs 57. 3 crore, up from Rs 34. 8 crore in the previous year. Joshi resigned from the company earlier this year. He is on leave from March 11 and will stay on leave till June 9, his last date in the company.