Business News: Remuneration package CEO Infosys increases by over Rs 15 crore to Rs 49.68 crore in 2020-21.
Infosys CEO Salil Parekh saw his annual pay package soar to Rs 49.68 crore in 2020-21, with more than half of the total amount on the way. from the exercise of stock options. Parekh’s compensation was Rs 34.27 crore in 2019-20.
The company’s annual report for 2020-21 showed that his compensation included Rs 6.07 crore in salary, Rs 12.62 crore in bonuses, incentives or variable compensation, and Rs 30.99 crore in perks due. the stock options exercised.
Infosys President Nandan Nilekani voluntarily chose not to receive any remuneration for his services rendered to the company during 2020-21, the report said. The compensation of its Chief Operating Officer UB Pravin Rao increased by approximately 63%, reaching Rs 17.33 crore in FY21 from Rs 10.6 crore in the previous fiscal year.
According to the report, the percentage increase in remuneration in fiscal year 2021 compared to fiscal year 2020 (excluding the added value of the equity incentive exercised during the year) was 8% for Parekh and 14% for Rao. . Our clients have expanded their work with us, especially in the areas of digital and cloud.
“The capabilities we’ve built over the past three years, including differentiated offerings like Infosys Cobalt, are what big companies are looking for,” he said.
Parekh added that Infosys’ market-leading capabilities in data and analytics, cybersecurity, artificial intelligence, automation and the Internet of Things enable it to be a “critical partner” to its customers.
“Infosys will continue to innovate and is in a good position to lead the industry over the next few years,” he added. Infosys 40th Annual General Meeting will be held on June 19th via videoconference and other audiovisual means. PTI SR HRS hours