Infosys CEO Is One Of Highest Paid Indian IT Chiefs.

Infosys CEO Salil Parekh’s compensation rose 17.3% to 662.4 million rupees ($7.9 million) in fiscal year 2024, making him one of the highest paid Indian IT chiefs currently occupying office.

The longest-serving non-founder CEO at the tech firm took home 74.7 million rupees in total fixed pay and 197.5 million rupees in bonuses, incentives and variable pay, the country’s No.2 software maker revealed in its annual report on Monday.

The increase in pay compared to last year was primarily led by higher number of stock options exercised during the year.

The company recorded its slowest annual revenue growth rate ever in fiscal year 2024 in terms of constant currency growth. For fiscal 2025, Infosys forecast revenue growth between 1% and 3% in constant currency, while most analysts had expected growth of at least 2%-5%.

Tata Consultancy Services , India’s biggest IT firm, last month said that its CEO, K Krithivasan, earned 253.6 million rupees in financial year 2024, which would likely make him the lowest paid CEO among top the four Indian IT firms.

Leave a comment

Translate »