Infosys CEO's compensation rose 17% to $7.9 million in FY 2024


Infosys CEO and Managing Director Salil Parekh speaks during the press conference announcing the company's quarterly results in Bengaluru, India, January 11, 2024. REUTERS/Stringer/File Photo

BENGALURU (Reuters) - Infosys CEO Salil Parekh's compensation rose 17.3% to 662.4 million rupees ($7.9 million) in fiscal year 2024, making him one of the highest paid Indian IT chiefs currently occupying office.

The longest-serving non-founder CEO at the tech firm took home 74.7 million rupees in total fixed pay and 197.5 million rupees in bonuses, incentives and variable pay, the country's No.2 software maker revealed in its annual report on Monday.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Exclusive-Google works to erode Nvidia's software advantage with Meta's help
Brazil to get satellite internet from Chinese rival to Starlink in 2026
US gaming platform Roblox pledges changes to get Russian ban lifted
Oracle's $10 billion Michigan data center in limbo after Blue Owl funding talks stall, FT reports
Coursera to buy Udemy, creating $2.5 billion firm to target AI training
Factbox-By the numbers: How the Netflix and Paramount bids for Warner Bros stack up
Warner Bros Discovery board rejects rival bid from Paramount
Analysis-Qatar bets on cheap power to catch up in Gulf AI race
Analysis-Crypto investors show caution, shift to new strategies after crash
OpenAI’s ChatGPT updated to�make images better and faster

Others Also Read