Infosys CEO & Managing Director Salil Parekh
Credit: DH photo B K Janardhan
Bengaluru: Indian IT giant Infosys' Chief Executive Officer (CEO) and Managing Director (MD) Salil Parekh received a 22% rise in his annual compensation to Rs 80.6 crore for the fiscal year 2024-25 (FY25), the company’s annual report showed on Monday, making him one of the highest paid IT chiefs in the country. Parekh’s compensation was Rs 66.25 crore in the previous year, which marked a 17.5% hike from the preceding year.
While his fixed salary was Rs 9.94 crore, he earned a bonus of Rs 23.18 crore. The remaining Rs 49.5 crore came from Parekh exercising higher restricted stock units (RSUs), a form of equity compensation.
Meanwhile, Infosys’ Chairman Nandan M Nilekani voluntarily chose to not receive any remuneration for his services rendered to the company, the report added. In a note, he also spoke of changing global dynamics, stating that tariffs are further driving home the point that sourcing needs to be diversified. “Bilateral and regional rules of trade will dominate. Supply chains will continue to shift as tariffs become another form of arbitrage,” he added.
The Infosys co-founder also touched upon the uncertainty with the advent of artificial intelligence (AI) explaining that while embracing this emerging tech will bring a goldmine of opportunities, it will not be entirely without some foreseeable risks. “Regulatory variances across regions will need to be incorporated into one’s strategy,” he added.