LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crore

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crore
Photo of Infosys CEO Salil Parekh. Image Source: Infosys website
Written By: PTI
Updated: Thu, Jan 04, 2018
08:55 am
PTI
RELATED NEWS
Infosys well positioned to continue its growth: CEO Salil Parekh Infosys well positioned to continue its growth: CEO Salil Parekh
Infosys CEO Salil Parekh Salary: Revealed! All details and break-up of his annual pay package of fiscal 2020 Infosys CEO Salil Parekh Salary: Revealed! All details and break-up of his annual pay package of fiscal 2020
Rs 23 crore worth of stock for Infosys CEO Parekh Rs 23 crore worth of stock for Infosys CEO Parekh
Whopping Rs 23 crores! Double bonanza for Infosys CEO Salil Parekh - Here is how Whopping Rs 23 crores! Double bonanza for Infosys CEO Salil Parekh - Here is how
Infosys whistleblower row: Infy says no immediate evidence to support complaints Infosys whistleblower row: Infy says no immediate evidence to support complaints

Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crores and would be eligible for variable pay of Rs 9.75 crores at the end of the 2018-2019 fiscal year, according to a top company executive.

"Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crores. He would be eligible for variable pay of Rs 9.75 crores at the end of the fiscal year," independent board member at Infosys Kiran Mazumdar Shaw told PTI here.

Former CEO Vishal Sikka earned USD 6.75 million in FY17 much to disliking of Infosys founder NR Narayana Murthy.

Wipro CEO Abidali Neemuchwala is getting a bit over USD 2 million.

Shaw, who is part of the Nomination and Remuneration Committee (NRC), said Parekh will also receive Rs 3.25 crores in restricted stock units.

"He will also get Rs 13 crores in annual performance equity grants," she said.

Parekh will also get a one-time equity grant of Rs 9.75 crores, Shaw said.

The stock compensation will vest at different points over Parekh's term. He has been appointed for a 5-year term,

Parekh's employment contract also comes with a non- compete clause, Shaw said.

Parekh's contract also specifies the amount he will be paid should he fail to meet minimum performance targets, company said in a postal ballot, Shaw said.

The company said in a postal ballot that Parekh will not work with named competitors for six months from the day he leaves the company.

He will also not work with or for a client to whom he has rendered service for the last 12 months, Infosys said. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Salil ParekhInfosysSalil Parekh salaryITInformation technology
RELATED NEWS
Infosys well positioned to continue its growth: CEO Salil Parekh Infosys well positioned to continue its growth: CEO Salil Parekh
Infosys CEO Salil Parekh Salary: Revealed! All details and break-up of his annual pay package of fiscal 2020 Infosys CEO Salil Parekh Salary: Revealed! All details and break-up of his annual pay package of fiscal 2020
Rs 23 crore worth of stock for Infosys CEO Parekh Rs 23 crore worth of stock for Infosys CEO Parekh
Whopping Rs 23 crores! Double bonanza for Infosys CEO Salil Parekh - Here is how Whopping Rs 23 crores! Double bonanza for Infosys CEO Salil Parekh - Here is how
Infosys whistleblower row: Infy says no immediate evidence to support complaints Infosys whistleblower row: Infy says no immediate evidence to support complaints

LATEST NEWS

Homebuyers alert! Avoid real estate troubles by knowing these top 5 things before buying flat in 2021

Historic moment! New era of space reforms in India! PM Narendra Modi hails 1st dedicated commercial launch of PSLV-C51/Amazonia-1 Mission

Salaar Movie Prabhas: Release Date, Cast, Poster, Heroine - Confirmed! Another blockbuster from KGF makers?

REVEALED! This is the most preferred financial product to protect family post-COVID 19 pandemic

Sovereign Gold Bonds 2020-21 scheme: Check opening, closing dates and rates

Websites of traditional media houses to come under the ambit of section 69(A) of IT Act: Report

Mann Ki Baat Latest Episode: What all PM Narendra Modi said in his popular radio programme today - Know here

Apple, Croma join hands on Steve Jobs' birth anniversary

New Inbase smartwatch Urban LYF is here - Check features, offers, promo code and more

Big insurance offers! 80-100 per cent discounts - All you need to know about renewal of health policies

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved