Infosys CEO Salil Parekh gets Rs 18.6 crore salary

According to the postal ballot issued to shareholders by Infosys, for the first three months of 2018, Parekh will be given an 'initial convertible pay of Rs 2.37 crore'. This will be different from their fixed pay and other benefits.

Bengaluru:  Salil Parekh has been appointed as Infosys's new CEO on December 2, 2017. Today, in the postal ballot issued by Infosys, it is reported that Salil Parekh will get an annual salary of Rs 18.6 crore. It also includes a portion of their salary variable (variable) pay. This salary will be given from the new finance year. According to the postal ballot issued to shareholders by Infosys, for the first three months of 2018, Parekh will receive an 'Initial Variable Salary' of Rs 2.37 crore. This will be different from their fixed pay and other benefits. 

This letter will be kept for voting between January 22 and February 20. The result will be announced on February 24. Infosys has sought shareholders' approval for Parekh's appointment. Parekh has taken over his tenure since January 2, which is five years old. 

Such would be the total breakup of salary

• Parekh is proposed to give a maximum of 125% (which will be upto Rs.12.18 crores) of annual payment of 6.5 million rupees (fixed salary) and 9.75 crores (which will be up to Rs.12.18 crores), but it will be provided on achieving certain goals.


• Apart from this, Parekh will also get restricted shares of 3.25 crore rupees. At the same time, they will get shares worth Rs 13 crore on the basis of performance. They will also be given a one time share grant of Rs 9.75 crore.


• Parekh will be able to take advantage of his reward in the form of shares from time to time in a five-year tenure.

The big coin coincided with the dispute. In
August last year, the huge coin, which left the company's CEO in August last year, was given a salary of Rs 45.11 crore for the year 2016-17. It included the amount of bonus and share grant. 

Last year, the founders of Infosys expressed concern over the unprecedented increase in salary of the top executives and a huge package on leaving the job. In August, Coin and Chairman of the Board of Directors R. After the resignation of Balashyai, ​​the company's co-founder, Nandan Nilekani, took over the responsibility of the company and Parekh was elected as CEO and Managing Director in December. Parekh has worked in Capgemini. 

Low paid salaries in Wipro-TCS
Infoline Wipro CEO Abdali Neemuchwala was given a salary of $ 20.9 million (Rs 13.2 crore) in 2016-17. In the same period, Tata Consultancy Services (TCS) CEO Rajesh Gopinathan received a salary of 6.22 crores. 

It has also been made provision of how much payment will be made in case of failing to meet the minimum performance target in Parekh's contract. Their employer contract also has a non-competency provision, except that they can not leave here and go to any rival company for six months. 

At this postal ballot, U.B. Permission has been sought to re-order Pravin Rao's post and it has also been asked to make CFO i.e. Chief Operating Officer and full time Director.

Infosys is the second largest software exporter of India's IT sector. N. Narayana Murthy, studied at IIT, stood up with some friends. Headquarter of Infosys is located in Bangalore's Bangalore.