Cec's Remuneration in FY25 Outpaces Median Worker Salary by 752: Times
Here's the revised, original article:
Feelin' the Parekh: Infosys Big Cheese Salil's Salary Climbs a Whopping 22%
What's crackin', folks? Dang ol' Infosys CEO Salil Parekh just upped his annual pay to a hefty Rs 80.6 crore in the fiscal year 2025, according to their latest annual report. Here's the 411.
This money boost is mainly thanks to Parekh cashing in on more restricted stock units (RSUs), a fancy form of equity compensation given to the upper echelon of executive bigwigs. Comparin' last year to this one, he raked in Rs 49.5 crore through these stock options, while the previous fiscal year saw him earn only Rs 39 crore.
Now, his base salary stayed steady at Rs 7.5 crore, but it's the variable pay that really skyrocketed - it jumped from Rs 19.8 crore to a meaty Rs 23.2 crore. On top of that, Parekh got Rs 50 lakh as retirement benefits, as per the report.
Infosys dishes out RSUs via two separate plans. The 2015 plan is all about tenure, whilst the 2019 plan focuses on performance, taking into account targets like total shareholder returns and operational metrics.
So, how does ol' Sal compare to other top IT CEOs in India? TCS CEO K Krithivasan pocketed Rs 26.5 crore, while Wipro CEO Srinivas Pallia scooped about Rs 53.6 crore or $6.2 million during the same timeframe.
No biggie for Parekh though - his salary is 752 times more than the average Infosys employee's salary of Rs 10.72 lakh in FY2025.
In a letter to shareholders, Parekh bragged about Infosys leadin' the charge in AI, cloud, data, and digital services. He also mentioned that they hired 15,000 college graduates throughout the year and ended FY2025 with a workforce toppin' 3.2 lakh employees.
In April 2025, Infosys threw Parekh another stock option grant worth Rs 50 crore. It includes performance-based stock incentives tied to equity and ESG objectives.
However, this steep increase in CEO pay arrives at arocky time for Infosys. Their market's been shaky, they slashed variable pay, and they also dumped several trainees from the Mysuru campus.
But Sal's beamin' about FY2025 - it was a year of smashin' execution, he said, before thankin' all employees for turnin' clients' desserts into greenbacks.
Enrichment Insights:1. Salil Parekh's leadership and his contributions to Infosys' success may have played a role in his substantial salary increase.2. Market and industry trends, including competition for top talent in the IT sector, may have influenced the rise in Parekh's salary.3. Infosys' overall performance, including successful contract wins, expansion into new markets, and critical technology development, likely contributed to the salary increase.4. The decision to increase Parekh's salary was likely made by Infosys' compensation committee and board of directors, who assessed various factors to determine his compensation.
In light of Salil Parekh's significant role in Infosys' success, his annual pay increased to Rs 80.6 crore, reflecting the company's performance and his contributions in the business sector, particularly in the field of technology. This marks a 22% increase from the previous fiscal year, with a major portion coming from restricted stock units (RSUs).
