Infosys CEO Salil Parekh draws Rs 34.27 crore pay package in FY20

New Delhi

The company’s annual report for 2019-20 showed that his compensation included Rs 16.85 crore in salary, Rs 17.04 crore in stock options and Rs 38 lakh (others). Infosys Chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services, the report said. COO U B Pravin Rao’s compensation rose 17.1 per cent to Rs 10.6 crore in FY20 from Rs 9.05 crore in the previous fiscal.

Interestingly, TCS CEO and MD Rajesh Gopinathan had seen his pay package shrinking more than 16 per cent to Rs 13.3 crore in 2019-20 compared to the previous fiscal.

While Wipro CEO Abidali Z Neemuchwala saw his compensation rise 11.8 per cent to USD 4.42 million (about Rs 33.38 crore) in fiscal 2020 from the previous year.

In his note to shareholders in the annual report, the Infosys CEO said the firm will closely monitor the impact of the pandemic as the market and client activity evolve. “We can already see several European countries and US states starting to re-open. We see stability and expansion in our work in the global telecommunications, high technology and life sciences industries,” he said.

Parekh noted while methods like wearing masks, regular hand washing, and keeping safe distance help in increasing individual safety, the critical medical milestones of therapeutic and vaccine solutions
 are in the future.