Salil Parekh, the chief executive officer of Infosys, India's second-largest IT company, has received a 22 per cent salary hike, and his yearly payout now stands at ₹80.62 crore for the financial year 2025-26, according to an exchange filing by the company.
According to Infosys' annual report for the financial year ended 2024-25, Parekh's revised salary for the 2025-26 fiscal year is at ₹80,62,36,456 or more than ₹80.62 crore. The data also showed that Infosys granted 3,82,071 or over 3.8 lakh restricted stock units (RSUs) to Salil Parekh along with his monetary compensation.
Infosys shares closed 0.55 per cent lower at ₹1,554.20 on Monday, compared to ₹1,562.80 at the previous stock market close. The IT firm released its annual report after market hours on 2 June 2025.
Salil Parekh's salary breakdown shows that the executive receives ₹7.45 crore as base salary and ₹49 lakh in retirement benefits, making the total fixed salary at ₹7.94 crore. He will also receive a bonus incentive, known as variable pay, of ₹23.18 crore, along with ₹49.50 crore from the perquisites on account of the stock options exercised.
Parekh joined Infosys on 2 January 2018 and has worked for the Indian IT major for a little over seven years. The 60-year-old executive has also worked for major corporations for a total of 37 years.
Before joining Infosys as the CEO and managing director, Parekh was working with Capgemini as a director general. Salil Parekh has spent more than 25 years in a global IT services company, according to his LinkedIn profile.
Earlier in his life, in 1992, Parekh was a partner at Ernst & Young (EY) for nearly eight years. On the educational front, the executive has a Bachelor's in Technology in Aeronautical Engineering from IIT Bombay, and later in 1986, he finished his Master's in Computer Science and Mechanical Engineering from the US-based Cornell University.
According to Mint's earlier report, Infosys disclosed on 17 April 2025 that the company granted Parekh more than ₹50 crore in an Employee Stock Ownership Plan (ESOP).
Infosys allotted ₹51.75 crore worth of stock options to him in multiple tranches.
Infosys's consolidated net profits fell 11.75 per cent to ₹7,033 crore in the January to March quarter of the financial year 2024-25, compared to ₹7,969 crore in the same period a year ago. The company announced a final dividend of ₹22 per equity share for FY2025.
Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.