Infosys CEO Salil Parekh's salary up 22% to Rs 80 crore

Time of India

2 days ago

Bengaluru: Infosys CEO Salil Parekh saw a 22% increase in his compensation, reaching Rs 80.6 crore in the 2024–25 year, up from Rs 66.2 crore in the previous year. The largest portion of his pay came from stock option perquisites, which amounted to Rs 49.5 crore, while his bonus stood at Rs 23 crore and his base salary was Rs 7.4 crore.
While the average salary hike for Infosys employees in India was 12%, Parekh received a 22% hike, highlighting the disparity between chief executive officer and employee compensation in the IT industry, which continues to expand.
His peer, TCS CEO K Krithivasan, took home a salary of Rs 26.5 crore in the 2024-25 financial year, a 4.6% increase from Rs 25.3 crore in the previous year. His compensation included a basic pay of Rs 1.3 crore, Rs 2.1 crore in benefits and perquisites, and Rs 23 crore as commissions.
Wipro CEO Srini Pallia received total compensation of $6.2 million, comprising equal portions of $1.7 million each in salary and commission, alongside $2.8 million in additional benefits and $68,850 as long-term compensation.
Infact, Parekh's compensation is 752 times more than the median remuneration of Rs 10.7 lakh in the 2024-25 financial year. The median compensation rose 9.6% compared to Rs 9.7 lakh in the previous year.
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Infosys hired 15,000 freshers in the last fiscal year, bringing its total workforce to over 3.2 lakh employees, with women making up 39% of the staff.
Parekh said that to assist its clients with AI, Infosys has built a repository of AI agents. These agents improve productivity in areas such as code generation, IT operations, bill-to-cash, and quote-to-order. "Data is another foundational element for AI. Our capabilities in data architecture and managing structured and unstructured data give our clients confidence to use their data for enterprise AI deployment," he wrote in a letter to shareholders published in the 2024-25 annual report.
Infosys chairman Nandan Nilekani said the world is navigating an unprecedented era of uncertainty, marked by converging global trends that challenge traditional business fundamentals. Geopolitical shifts are fragmenting the global market into distinct blocs, demanding strategic navigation and diversification. Evolving tariffs and regional trade rules are further reshaping supply chains. "Supply chains will continue to shift as tariffs become another form of arbitrage," he wrote in a letter to shareholders.
"As geopolitics becomes front and centre in our lives, we are having to take cognisance of the world not as one single global market but as fragmented blocs and countries. This means making strategic choices and even navigating between these blocs. Covid brought into focus the critical and pressing need to de-risk our supply chain and build viable alternatives. It was no longer enough to deliver just-in-time; we also had to factor in just-in-case.
Now tariffs are further driving home the point that we need to diversify our sourcing," he said.
Nilekani said the advent of AI with all its possibilities and potential creates another arc of uncertainty. "As enterprises look at applying AI to every aspect of the business, some long standing challenges will become imperative and self-evident to firms." He said the need to modernise legacy systems and the need to create data architecture so that all the firm's data is consumable by AI, in a holistic manner, can no longer be put off.
"Firms will need to have an AI foundry for rapid innovation and an AI factory to scale successful innovations across the enterprise. While embracing AI will bring a goldmine of opportunities, it will not be entirely without some foreseeable risk."