Comments
Salil Parekh, the chief executive officer of Infosys , took home a pay package of ₹ 24.67 crore in the last financial year, the company’s annual report showed. Parekh, who joined Infosys in January 2018 , received ₹ 6.07 crore in fixed salary and ₹ 10.96 crore in bonus, incentives and variable pay in 2018-19. He also received ₹ 7.64 crore in perquisites on account of exercise of 1,03,604 restricted stock units (RSUs) during fiscal 2019, the annual report said.
Compared to this, Tata Consultancy Services CEO Rajesh Gopinathan drew a package of over ₹ 16 crore. In its annual report, the country’s IT services firm said Gopinathan’s compensation had grown over 28 per cent in FY2018-19. Gopinathan’s remuneration included ₹ 1.15 crore in salary, ₹ 1.26 crore in perquisites, ₹ 13 crore in commission and over ₹ 60 lakh in other allowances - all of which added up to a package of ₹ 16.02 crore.
Infosys chief operating officer UB Pravin Rao earned ₹ 9.05 crore in FY2018-19 against ₹ 8.22 crore in the previous financial year. His remuneration in FY2018-19 included ₹ 4.41 crore in fixed salary, ₹ 3.83 crore in bonus/incentives/variable pay and ₹ 0.81 crore in stock option.
Last week, Infosys had announced that it would allocate five crore shares to its employees under a new stock incentive plan - Plan 2019. Under this, Parekh would be given Rs 10 crore worth of shares, while Rao will receive stocks worth about Rs 4 crore.
Related news:Infosys grants stock units worth Rs 10 crore to CEO Salil Parekh
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.