• Latest
  • Trending
Infosys’ CEO Salil Parekh drew home salary of Rs 66 cr in FY24, second-highest in Indian IT industry

Infosys’ CEO Salil Parekh drew home salary of Rs 66 cr in FY24, second-highest in Indian IT industry

3 June 2024
Climate disruption poses major risk to semiconductor industry’s copper supply: PwC report

Climate disruption poses major risk to semiconductor industry’s copper supply: PwC report

12 July 2025
Tesla’s first store in India opens July 15 in Mumbai

Tesla’s first store in India opens July 15 in Mumbai

12 July 2025
Craft-Tech Fusion: Startups redefining Indian handicrafts with AI and E-Commerce

Craft-Tech Fusion: Startups redefining Indian handicrafts with AI and E-Commerce

12 July 2025
Infusory brings AR-Based learning to 121 tribal schools in Maharashtra

Infusory brings AR-Based learning to 121 tribal schools in Maharashtra

12 July 2025
Dassault Aviation among top employers for French students in 2025: Universum survey

Dassault Aviation among top employers for French students in 2025: Universum survey

11 July 2025
Amazon launches 10-minute delivery in Delhi

Amazon launches 10-minute delivery in Delhi

11 July 2025
Andhra Pradesh and ANSR partner to launch GCC innovation campus in Visakhapatnam

Andhra Pradesh and ANSR partner to launch GCC innovation campus in Visakhapatnam

10 July 2025
Starlink receives IN-SPACe approval, set to begin services in India

Starlink receives IN-SPACe approval, set to begin services in India

10 July 2025
Indian banks grow market cap in Q2, boosted by rate cuts, liquidity : Report

Indian banks grow market cap in Q2, boosted by rate cuts, liquidity : Report

10 July 2025
Tata Technologies and Emerson partner to innovate advanced testing solutions for next-gen Mobility

Tata Technologies and Emerson partner to innovate advanced testing solutions for next-gen Mobility

9 July 2025
Bill Gates loses $52 billion in a week and drops out of the world’s top 10 richest list

Bill Gates loses $52 billion in a week and drops out of the world’s top 10 richest list

9 July 2025
Rishi Sunak joins Goldman Sachs as senior adviser after leaving politics

Rishi Sunak joins Goldman Sachs as senior adviser after leaving politics

9 July 2025
Saturday, July 12, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

Infosys’ CEO Salil Parekh drew home salary of Rs 66 cr in FY24, second-highest in Indian IT industry

in Technology
Reading Time: 2 mins read
0
Infosys’ CEO Salil Parekh drew home salary of Rs 66 cr in FY24, second-highest in Indian IT industry

DBT Bureau

RelatedPosts

HCLTech named a Workday Sales Partner

DCNT Global launches 3GWh battery storage plant in Pune

Tech Mahindra partners with Hanab for IT modernization post-carve out

Bengaluru, 3 June

Infosys Chief Executive Officer, Salil Parekh’s annual compensation grew by 17.3% to Rs 66.2 crore in FY24, annual report of the company released on Monday showed.

Parekh’s remuneration comprised of fixed pay, variable pay, retiral benefits, and the perquisite value of stock incentives exercised during the last financial year. While Parekh’s total fixed salary grew to Rs 7.47 crore in FY24 from Rs 7.12 crore in FY23, his bonus payout stood at Rs 19.75 crore in FY24. His remuneration for FY24 also included Rs 39.03 crore on account of exercise of 2,58,636 RSUs (restricted Stock Units).

The CEO of the Bengaluru-headquartered IT services firm drew a salary of Rs 56.4 crore in FY23. In FY22, Parekh drew a total remuneration of Rs 71.02 crore in FY22.

With the salary package of Rs 66.2 crore, Parekh became the second highest paid top executive of the Indian IT industry. As compared to Infosys, Wipro’s former CEO Delaporte, who resigned last fiscal, drew over $20 million (around Rs 166 crore) in FY24. However, this pay package included a severance-related package of Rs 92.1 crore for Delaporte. Delaporte’s successor and current CEO of Wipro, Srinivas Pallia will draw a salary of about Rs 58 crore for FY25.

Market leader, Tata Consultancy Services’ CEO, K Krithivasan’s overall remuneration in FY24 was at Rs 25.2 crore, which is marginally less than former CEO Rajesh Gopinathan’s at Rs 29.16 crore in FY23.

“During the year, our relentless focus on execution enabled us to deliver growth and operating margin resilience. We generated $2.9 billion of free cash flow. We worked closely with our clients on their cost, efficiency, automation, and consolidation programs to generate $17.7 billion of large deals, the highest we have had annually, which showcases the relevance of our service offerings for clients,” Parekh said in the annual report.

Related Posts

HCLTech named a Workday Sales Partner

HCLTech named a Workday Sales Partner

by databiztimes.com
9 July 2025
0

DBT Bureau Pune, 9 July 2025 HCLTech, a global technology company, announced it has been named a Workday partner. This...

DCNT Global launches 3GWh battery storage plant in Pune

DCNT Global launches 3GWh battery storage plant in Pune

by databiztimes.com
7 July 2025
0

DBT Bureau Pune, 7 July 2025 DCNT Global, a leader in innovative energy and data center solutions, announced that it...

Tech Mahindra partners with Hanab for IT modernization post-carve out

Tech Mahindra partners with Hanab for IT modernization post-carve out

by databiztimes.com
5 June 2025
0

DBT Bureau Pune, 5 June 2025 Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises...

Silicon Labs and Wirepas surpass 10 million chipsets, powering industrial IoT at scale

Silicon Labs and Wirepas surpass 10 million chipsets, powering industrial IoT at scale

by databiztimes.com
4 June 2025
0

DBT Bureau Pune, 4 June 2025 Silicon Labs, the leading innovator in low-power wireless solutions, and Wirepas, a global leader...

Climate disruption poses major risk to semiconductor industry’s copper supply: PwC report
Media Release

Climate disruption poses major risk to semiconductor industry’s copper supply: PwC report

by databiztimes.com
12 July 2025
0

DBT Bureau Pune, 12 July 2025 One-third (32%) of global semiconductor production will be reliant on copper supply at risk...

Read moreDetails
Tesla’s first store in India opens July 15 in Mumbai
Business

Tesla’s first store in India opens July 15 in Mumbai

by databiztimes.com
12 July 2025
0

Athira Sethu Kochi, 12 July 2025 Tesla is opening its first store in India on July 15 in Mumbai. The...

Read moreDetails
Craft-Tech Fusion: Startups redefining Indian handicrafts with AI and E-Commerce
Authored Article

Craft-Tech Fusion: Startups redefining Indian handicrafts with AI and E-Commerce

by databiztimes.com
12 July 2025
0

Gaurav Bhagat, Managing Director, Consortium Gifts India’s handicraft industry is a dazzling mosaic of culture and creativity, now being rewoven...

Read moreDetails
Infusory brings AR-Based learning to 121 tribal schools in Maharashtra
Business

Infusory brings AR-Based learning to 121 tribal schools in Maharashtra

by databiztimes.com
12 July 2025
0

Athira Sethu Kochi, 12 July 2025 Augmented reality-based learning tools have been launched by deep tech startup Infusory in 121...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?