 "Salil Parekh")
IT services major Infosys has recommended to revise the compensation package of its CEO Salil Parekh to Rs 79.75 crore up 88 per cent from his previous salary of Rs 42.50 crore, said the company’s annual report for fiscal 2022.
These changes are part of the recent announcement of reappointment of Parekh as the CEO and MD of the company for five years.
For FY22 Parekh received a total remuneration of Rs 71.02 crore, up 43 per cent. This compensation included Rs 52.33 crore from restricted stock unit options.
Under the new remuneration composition, Parekh’s performance based compensation will go
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