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Infosys reappoints Salil Parekh as MD & CEO Infosys | Salil Parekh
Image Credit: infosys.com

Infosys reappoints Salil Parekh as MD & CEO

India Blooms News Service | @indiablooms | 26 May 2022, 04:18 pm

Mumbai: IT services company Infosys has reappointed Salil Parekh as its CEO and Managing Director for a five-year term ending March 2027. Parekh has been the Chief Executive Officer and Managing Director of Infosys since January 2018.

India's second-largest IT services company paid Parekh a whopping Rs 71 crore salary in fiscal 2021-22, according to a stock exchange filing.

This is a near 43 percent jump from Rs 49.68 crore in 2020-21.

Parekh's salary included Rs 52.33 crore in perquisites on account of stock options exercised, fixed pay of Rs 5.69 crore, inclusive of Rs 38 lakh in retirement benefits.

The salary also included Rs 12.62 crore in variable pay.

Parekh's jump in salary is on account of Infosys board of directors' approval of a grant of 104,000 shares to six key management personnel and another 375,760 shares to 88 other senior executives.

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