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India.com
3 days ago
- Business
- India.com
After layoffs, Narayana Murthy's Infosys pays Rs 800000000 salary to…, 752 times higher than employees, more than Ratan Tata's TCS, Azim Premji's Wipro's…
Narayana Murthy, Late Ratan Tata and Azim Premji- File image (Left to right) Infosys CEO and MD Salil Parekh's pay in FY25 increased 21.6 per cent to Rs 80.62 crore, according to the company's annual report. Parekh drew a salary of Rs 66.25 crore in the previous fiscal. The Infosys Annual Report showed that Parekh, who took over the helm of Infosys in January 2018, earned Rs 7.45 crore in base salary, Rs 0.49 crore as retiral benefits, Rs 23.18 crore in bonus/incentives/variable pay, and Rs 49.5 crore in perquisites on account of stock options exercised in FY25. The perquisite value of stock incentives is on account of the exercise of 3,06,276 Restricted Stock Units (RSUs) granted to Parekh. Parekh's industry counterparts, Wipro CEO Srinivas Pallia and TCS CEO K Krithivasan, earned a salary of USD 6.2 million (about Rs 53.64 crore) and Rs 26.52 crore, respectively, in FY25. The salary hike comes at a time when the company laid off hundreds of trainees from its Mysore campus, cut variable pay and there is uncertainty in the IT sector. However, Parekh said in his letter to shareholders that Infosys remains a global leader in AI, cloud, data and digital solutions. He said that in FY25, the company employed 15,000 college graduates and by the end of the year the number of employees increased to more than 3.2 lakh. Apart from this, this year they were also given ESOPs worth about Rs 50 crore, which includes ESG and performance-based equity incentives. Meanwhile, Infosys on April 17 reported profit of Rs 26,713 crore in FY25, registering a marginal increase of 1.8 per cent over FY24. Revenues climbed 6.06 per cent to reach Rs 1,62,990 crore exceeded its guidance of 4.5-5 per cent for the full FY25. (With Inputs From PTI)
Time of India
3 days ago
- Business
- Time of India
Infosys CEO Salil Parekh's pay jumps 21.6% to Rs 80.62 crore in FY25
Salil Parekh (File photo from Infosys website) Infosys CEO and managing director Salil Parekh received a total pay of Rs 80.62 crore in FY25, marking a 21.6 per cent increase from Rs 66.25 crore in the previous year, according to the company's annual report. The report details that Parekh's remuneration comprised a base salary of Rs 7.45 crore, retiral benefits worth Rs 0.49 crore, bonus and variable pay totaling Rs 23.18 crore, and perquisites valued at Rs 49.5 crore from exercised stock options. The significant jump in perquisites was driven by Parekh's exercise of 3,06,276 Restricted Stock Units (RSUs) during the year. In comparison, Wipro CEO Srinivas Pallia earned $6.2 million (approximately Rs 53.64 crore) in FY25, while TCS CEO K Krithivasan received Rs 26.52 crore, according to a PTI report. Infosys Chairman Nandan M Nilekani continued to draw no remuneration for his services to the company, the annual report confirmed. On April 17, Infosys reported a net profit of Rs 26,713 crore for FY25, reflecting a modest 1.8 per cent increase from FY24. Revenue for the year rose by 6.06 per cent to Rs 1,62,990 crore, exceeding its FY25 guidance of 4.5 to 5 per cent. Meanwhile for the latest Q4 ending March 31, the firm reported a 11.7 per cent year-on-year drop in consolidated net profit for, which stood at Rs 7,033 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Despite the decline in quarterly profit, Infosys surpassed its full-year revenue guidance. The company had earlier revised its FY25 revenue growth outlook to 4.5-5 per cent, up from the previous range of 3.75-4.50 per cent, as per PTI report. Revenue for the quarter rose 7.9 per cent to Rs 40,925 crore, compared to Rs 37,923 crore in the same period a year ago. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
4 days ago
- Business
- Economic Times
Infosys CEO Salil Parekh's FY25 salary jumps 22% to Rs 80.6 crore
Infosys CEO Salil Parekh's pay rose 22% in FY25 to ₹80.62 crore, driven by exercised stock options and variable pay, as he seeks reappointment. Synopsis Infosys CEO Salil Parekh's FY25 remuneration rose 22% to ₹80.62 crore, mainly due to exercised stock options. His base salary was ₹7.45 crore, with substantial variable pay and RSUs. He's proposed for reappointment till 2027. Infosys' Chief Executive Officer and Managing Director Salil Parkeh's remuneration jumped 22% in FY25 over FY24 to Rs 80.62 crore , the IT company's annual report released on Monday showed. ADVERTISEMENT The hike in FY25 remuneration was primarily on account of 49.50 crore of 3,06,276 stock options (Restricted Stock Units or RSUs) exercised by Parekh under the 2015 plan and 39,141 RSUs under the 2019 plan during fiscal 2025. His base salary stood at Rs 7.45 crore with Rs 49 lakh worth retiral benefits. The bonus/variable and variable pay accounted for Rs 23.18 crore As per the Income-tax Act, 1961, only the value of stock incentives that were actually exercised during the period is included in the remuneration. Stock incentives that were granted but not exercised during the period are not whose term has been extended until March 31, 2027 and who is liable to retire at the forthcoming Annual General Meeting, is eligible and has offered himself for reappointment, the report said. "Based on the performance evaluation and the recommendation of the Nomination and Remuneration Committee, the Board recommends his reappointment," the report number of restricted stock units offered to him in FY25 stood at 3,82,071 ADVERTISEMENT Parekh holds 11,85,548 shares in the company, the annual report was appointed CEO & MD on January 2, 2018 and reappointed on July 1, 2022. ADVERTISEMENT The shareholders had approved the initial appointment and key terms of the agreement on February 20, 2018 and amended the terms of remuneration as per the resolution passed at the AGM dated June 22, 2019. Further, the shareholders approved the reappointment of Parekh including revised remuneration payable to him at the 41st AGM held on June 25, has over three decades of global experience in the IT services industry with a strong track record of driving digital transformation for enterprises, executing business turnarounds and managing successful acquisitions. ADVERTISEMENT He was also the Chairman of Capgemini's North America Executive Council. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Entrepreneur
07-05-2025
- Business
- Entrepreneur
GCCs Project Salary Hike of 9.9% in 2025, Attrition Hits Record Low Last Year
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Global capability centers (GCCs) in India are projecting an average salary hike of 9.9 per cent, signalling continued focus on talent retention and capability building despite economic uncertainties, according to the latest report on "Increment & Compensation Trends in GCCs by ANSR-owned Talent500. At the same time, the sector is seeing a decline in attrition rates. The overall attrition has declined to 16.9 per cent, with voluntary attrition at a record low of 12.6 per cent in 2024, reflecting greater investment in career growth, culture, and employee experience. As organizations embrace people-centric growth models, India's GCCs are emerging as employers of choice, with a strong focus on career and leadership development, workplace culture, and personalized employee experiences. Organizations are also moving beyond traditional merit-based hikes, introducing special salary adjustments for in-demand skills, market alignment, and equity improvements. There has been a trend of rise in long-term incentives to boost retention and loyalty, wherein 71 per cent of GCCs now offer Employee Stock Options (ESOPs), Restricted Stock Units (RSUs), and Stock Appreciation Rights (SARs), emphasizing long-term wealth creation for employees. Compensation models are undergoing a transformation to offer more personalized rewards, that combines competitive pay with flexible benefits, career growth opportunities, and employee wellness programs. GCCs are increasingly leveraging AI and analytics to personalize rewards, conduct real-time pay equity audits, optimize benefits, and build agile, future-ready talent strategies. "As GCCs become core to enterprise strategy, the way they think about talent is continuously evolving — adapting to new business needs, technologies, and expectations. This year's Compensation and Benefits Survey goes beyond the numbers to explore how GCCs are rethinking their people strategies — building teams that are ready for today and prepared for what's ahead. In a world shaped by AI, shifting expectations, and rapid change, the GCCs that succeed will be the ones that treat talent as a true strategic advantage — combining agility, purpose, and a focus on future-ready leadership," said Vikram Ahuja, Co-Founder ANSR and CEO 1Wrk. As GCCs in India accelerate their evolution from operational back-offices to global innovation powerhouses, Talent500's report highlights how organizations are building resilient, people-centric workplaces that prioritize agility, personalization, and long-term value creation. With India projected to house over 2,400 GCCs and 4.5 million professionals by 2030, the survey aims to offer a roadmap for GCCs to redefine their approach to human capital, ensuring they remain at the forefront of the global business ecosystem and attract top talent. The Talent500 report is in line with an earlier report by Zinnov that also predicted that salary hikes in GCCs are projected to see a slight rise to 9.8 per cent in 2025. "Salary hikes in GCCs outpacing IT services reflect their shift from support functions to high-value, innovation-driven roles, demanding niche talent in AI, cloud, and cybersecurity. Attrition is lower because GCCs are investing deeply in career development, long-term incentives, and a differentiated employee experience that fosters loyalty," said industry expert Rituparna Chakraborty. The head of a Bengaluru-based GCC said the company's attrition is around 3 per cent and the average salary hike is 9 per cent. "The reasons for low attrition are impactful work, holistic focus on employee engagement, experience and wellness, and quarterly pulse and engagement surveys and suitable tangible actions taken to address any policy, and work environment," he said on condition of anonymity.
Business Standard
05-05-2025
- Business
- Business Standard
Infosys allots 6.31 lakh equity shares under ESOP
Infosys has allotted 6,31,780 equity shares pursuant to the exercise of Restricted Stock Units by eligible employees as hereunder the 2015 Incentive Compensation Plan and the Infosys Expanded Stock Ownership Program 2019. Consequently, effective from 04 May 2025, the issued and subscribed share capital of the Company stands increased to Rs 20,76,94,76,175/- divided into 4,15,38,95,235 equity shares of face value of Rs 5 each. Powered by Capital Market - Live News
