Salil Parekh, CEO of Infosys, Earns Rs 15.4 Lakh Per Day but Faces Decreased Salary Package

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Salil Parekh, the esteemed CEO and Managing Director of Indian IT giant Infosys, has been making waves in the corporate world with his impressive salary and extensive experience. However, recent reports indicate that his annual package for the fiscal year 2022-23 experienced a significant decrease of 21 percent compared to the previous year

Infosys CEO Salil Parekh's salary falls 21% to Rs 56.44 crore in FY23

Bengaluru, India – Salil Parekh, the esteemed CEO and Managing Director of Indian IT giant Infosys, has been making waves in the corporate world with his impressive salary and extensive experience. However, recent reports indicate that his annual package for the fiscal year 2022-23 experienced a significant decrease of 21 percent compared to the previous year.

Parekh, known for his strategic leadership and impressive track record, earned a staggering Rs 56.4 crore last fiscal year, translating to approximately Rs 15.4 lakh per day. Nonetheless, this amount falls short by Rs 15.6 crore when compared to his previous year’s salary. The reduction in his compensation is primarily attributed to his decision to opt for a lower amount of stock options, exercising only Rs 30.6 crore.

Despite the decrease in his package, Parekh’s expertise and contribution to Infosys cannot be undermined. With over three decades of experience in the IT industry, Parekh has proven his ability to set and evolve the strategic direction of the company while nurturing a strong leadership team to drive its execution.

Salil Parekh’s journey to the top began with his pursuit of a master’s degree in computer science and mechanical engineering at Cornell University in the United States, following his graduation in aeronautical engineering from IIT Bombay. Prior to joining Infosys, Parekh served as a partner at EY and sat on the board of Capegmini, where he played a pivotal role in growing EY’s operations in India.

Infosys, with a market capitalization of approximately Rs 5.47 lakh crore, is widely recognized as a global IT powerhouse. Parekh’s leadership has further bolstered the company’s position in the industry, earning him the distinction of being one of the highest-paid CEOs in the world.

While Parekh’s salary has drawn attention, it is noteworthy that his Wipro counterpart, Thierry Delaporte, received Rs 83 crore in the same fiscal year. Additionally, Infosys’ Executive Chairman, Nandan Nilekani, chose not to draw any salary for the year, exemplifying his commitment to the company’s growth and vision.

In terms of the company’s financials, Infosys’ Chief Financial Officer, Nilanjan Roy, saw a 28 percent increase in his earnings, taking home Rs 10.61 crore. Furthermore, Mohit Joshi, who recently joined Tech Mahindra, was paid Rs 57.3 crore for his contributions.

As Infosys continues to navigate the dynamic IT landscape, Salil Parekh’s leadership remains crucial in shaping the company’s strategic direction and fostering innovation. While his salary package has witnessed a decline, his expertise and experience position him as an instrumental figure in driving Infosys forward.

About Infosys:

Infosys is a leading global provider of next-generation digital services and consulting. With clients in over 46 countries, the company helps enterprises navigate their digital transformation journey by offering innovative solutions, cutting-edge technologies, and a wide range of services across various industries.

Disclaimer: The information provided in this article is based on publicly available sources and does not reflect any personal views or opinions.

Sources by Agencies

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10 thoughts on “Salil Parekh, CEO of Infosys, Earns Rs 15.4 Lakh Per Day but Faces Decreased Salary Package

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