Infosys' Salil Parekh, now, second-highest paid CEO in India's IT industry

Salil Parekh, CEO of Infosys, is the second-highest paid CEO in India's IT sector for FY24, earning 66.25 crore rupees, according to annual report data seen by moneycontrol.

His salary is second only to Wipro’s former CEO Thierry Delaporte, who earned 20 million dollars or approximately 166 crore rupees, including a severance package of 92.1 crore rupees.

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Parekh’s FY23 compensation was 56 crore rupees, down from 71 crore rupees in FY22. The increase in FY24 is attributed to Parekh exercising more restricted stock units during the year, as detailed in Infosys' annual report.

RSUs are a form of equity compensation for employees. Tata Consultancy Services or TCS CEO and MD K Krithivasan received an annual compensation of 25.36 crore rupees in the financial year 2023-24, making it the lowest among major IT companies.