Infosys CEO Salil Parekh gets 22% salary hike, payout now stands at ₹80.62 crore — Check details

Infosys, India's second-largest IT company, has announced a significant 22% salary increase for its CEO, Salil Parekh. This adjustment brings his total annual compensation to a substantial ₹80.62 crore. The decision reflects the company's confidence in Parekh's leadership and strategic vision, which have been instrumental in navigating the firm through a rapidly evolving technological landscape. Under Parekh’s stewardship, Infosys has seen robust growth, with expansions in digital services and strategic client partnerships. This salary adjustment is not just a reflection of his past performance but a strategic move to retain top talent in a fiercely competitive industry. The board's decision underscores the value placed on his continued leadership as Infosys aims to further strengthen its market position. This pay raise aligns Parekh’s compensation package with industry standards among global IT leaders, ensuring that Infosys remains competitive in attracting and retaining executive talent. As the company continues to push the boundaries of innovation, Parekh's enhanced role and remuneration are expected to drive further growth and success for Infosys in the coming years.

— Authored by Next24 Live