Infosys CEO To Get Rs 80-Crore Salary: Revenue to Return, How Parekh Transformed Company

Even as Infosys CEO Salil Parekh got a 43 per cent hike in his total compensation to Rs 71.02 crore per annum in 2021-22, the company has justified the increase in salary saying the firm has achieved industry-leading growth in recent years. Justifying the salary, the company in the report said, “Under Salil’s leadership, the company’s total shareholder return was an impressive 314 per cent, the highest among peers, and was well above the TSR of benchmark indices of Nifty at 77 per cent and S&P 500 at 117 per cent. In comparison, during the preceding four-year period, prior to the appointment of Salil, the company’s TSR was 30 per cent as compared to the peers’ median TSR of 47 per cent.” It also said the company’s revenue growth under Salil’s leadership has accelerated and grown from Rs 70,522 crore to Rs 1,21,641 crore, a compound annual growth rate of 15 per cent and the profits have also increased from Rs 16,029 crore to Rs 22,110 crore. The company has executed its market-differentiating strategy by more than doubling the share of digital revenue from 25.5 per cent to 57 per cent and is now considered a leading digital company with industry analysts rating it as a leader in 32 categories,” the Infosys annual report said.