Salary hike: 43 percent increase in the salary of Infosys CEO, know what is the new package

Infosys CEO Salil Parekh’s current salary increased by 43 percent, tenure also increased by 5 years

The current salary of Salil Parekh, the CEO of Infosys, the country’s second largest IT company, has seen a sharp rise this year. Salil Parekh’s salary package has increased by 43 percent from Rs 49 crore per annum to Rs 71.02 crore. The software company said in a statement while increasing the salary of its CEO, “Infosys has grown significantly under Salil’s leadership. The decision to increase Salil Parekh’s salary has been decided after the announcement of another five-year extension in his tenure. .

Let us tell you that in the annual report of Infosys released on Thursday, details of increase in salary of CEO Salil Parekh have been given. Infosys has recently re-appointed Salil Parekh as the Managing Director (MD) and CEO for the next 5 years. Salil Parekh’s new term will run from July 1, 2022 to March 31, 2027.

The current CEO of Infosys, Salil Parekh, has over 30 years of experience in the IT industry. Salil Parekh took over as the Managing Director and CEO of Infosys in January 2018. Before joining Infosys, Salil Parekh was associated with Capgemini for 25 years. Infosys released its fourth quarter results last month. The company had posted a net profit of Rs 5,686 crore in the fourth quarter, up 12 per cent over the same period last year. However, in the fourth quarter, the company’s profit fell by 2 percent compared to the third quarter.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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