Discovering Salil Parekh: The Second-highest Paid CEO in India's IT Sector
Salil Parekh's Salary Overview
Infosys has made headlines with Salil Parekh's remarkable salary package as the CEO, showcasing his significant role in the IT sector. With an impressive compensation totaling Rs 66.25 crore for the fiscal year 2024, Parekh stands as a pivotal figure in India's technology landscape alongside industry giants like Sundar Pichai.
Educational Background
Parekh, who graduated from IIT Bombay, has led Infosys since January 2018. After earning his degree in aeronautical engineering in 1986, he went on to Cornell University to earn a master's degree in mechanical and computer science engineering.
Professional Career
Parekh gained almost three decades of experience at Capgemini before joining Infosys, which bolstered his reputation in the IT industry. His pay has increased significantly due to Restricted Stock Units (RSUs), which account for Rs 39.03 crore of his total income. His yearly compensation consists of a salary of Rs 7 crore, retirement benefits of Rs 47 lakh, and a bonus of Rs 7.47 crore. This makes his daily earnings exceed Rs 18 lakh, marking a consistent increase from previous fiscal years.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.