Infosys paid CEO Salil Parekh Rs 80.62 crore as salary in FY25, up 22%
PTI Infosys CEO and MD Salil Parekh
Indian IT major Infosys chief executive officer (CEO) Salil Parekh received a 22% rise in his annual compensation to Rs 80.6 crore for the fiscal year 2024-25 ending March, the company's annual report showed.The increase in FY25 annual compensation was driven by an increase in bonus/incentives/variable pay and Parekh exercising higher restricted stock units (RSUs) -- an equity share compensation -- during the year, the annual report for 2024-25 showed.Parekh's compensation was Rs 66.25 crore in the previous year, with an increase of 17.5%, which made him the second-highest paid Indian IT chief. It saw a drop in FY23 to Rs 56 crore from Rs 71 crore in FY22.
With the FY25 salary package, Infosys' chief's pay is higher than that of his rivals at Tata Consultancy Services (TCS) and Wipro. Wipro chief Srinivas Pallia earned $6.2 million (around Rs 53.64 crore) after a 10% increase from last year, while TCS chief K Krithivasan's compensation was higher by 4.6% to Rs 26.5 crore for FY25. Prior to this, Parekh was the second-highest-paid CEO in India's IT sector after Wipro's former CEO Thiery Delaporte's earned Rs 167 crore in FY24, after which he exited the company.
Bengaluru-headquartered Infosys' CEO earned Rs 49.5 crore by exercising stock options as against Rs 39 crore in the same period of last fiscal, and Rs 7.47 crore as base pay, which is almost similar to last year, and Rs 50 lakh as retiral benefits. Parekh's variable pay surged to Rs 23.18 crore in FY25 from Rs 19.75 crore in FY24.
Parekh made 752 times the median remuneration - Rs 10.72 lakh - of the company's employees, which cumulatively stood at 323,578 as on March this year.Meanwhile, cofounder and chairman of Infosys Nandan Nilekani continued to voluntarily choose not to receive any remuneration for his services rendered to the company.In his letter to shareholders, Parekh said the financial year 2025 was another year of strong execution for Infosys.'We had growth of 4.2%, operating margin of 21.1%, and free cash flow of $4.1 billion. We announced a total dividend of Rs 43 per share (including an interim dividend of Rs 21 per share),' Parekh said in the letter.Infosys is the leader in AI, cloud, data, and digital for clients, he added.Nilekani's message to shareholders was headlined 'An era of uncertainty'.He said, 'As we contemplate the developments of the last few months, we know we are in an era of uncertainty that we have never seen before. Multiple trends are colliding and leading us to reexamine the fundamentals of our businesses.'Every business vertical is facing challenges of various kinds.He added that tariffs will be differentiated across products and countries and will likely keep changing. 'Bilateral and regional rules of trade will dominate. Supply chains will continue to shift as tariffs become another form of arbitrage,' Nilekani's message said, adding that Infosys has always believed in enthusiastically embracing change and Infosys will remain fully aligned on strategy, yet tactically agile.
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