Infosys annual report for 2020-21 indicated the salary of top 10 employees in terms of remuneration drawn during the year.
Salil Parekh CEO & MD Rs 49.67 crore
Mohit Joshi President Rs 34.82 crore
Ravi Kumar S. President and Deputy Chief Operating Officer Rs 27.54 crore
U.B. Pravin Rao COO Rs 17.33 crore
Karmesh Gul Vaswani Rs 14.05 crore
Inderpreet Sawhney Rs 12.51 crore
Mark Livingston Rs 11.45 crore
Ajay Vij Industry Rs 10.76 crore
Andrew Groth Rs 10.45 crore
Charles Salameh Rs 9.91 crore
Infosys CEO Salil Parekh saw his annual pay package jump to Rs 49.68 crore in 2020-21, with more than half of the total amount coming from exercise of stock options. Salil Parekh’s total compensation was Rs 34.27 crore in 2019-20.
The company’s annual report for 2020-21 showed that his compensation included Rs 6.07 crore in salary, Rs 12.62 crore in bonus, incentives or variable pay, and Rs 30.99 crore in perquisites on account of stock options exercised.
Rajesh Gopinathan, chief executive officer and managing director of India’s largest IT services firm Tata Consultancy Services (TCS), drew a pay package of Rs 20.36 crore in 2020-21.
Infosys Chairman Nandan Nilekani chose not to receive any remuneration for his services rendered to the company during 2020-21.
Infosys Chief Operating Officer U B Pravin Rao’s compensation rose about 63 per cent to Rs 17.33 crore in FY21 from Rs 10.6 crore in the previous fiscal.
The percentage increase of remuneration in fiscal 2021 as compared to fiscal 2020 (excluding perquisite value of stock incentive exercised during the year) was 8 per cent for Parekh and 14 per cent for Rao, as per the report.