MUMBAI: Among chief executives of India's top information technology (IT) companies, Salil Parekh of Infosys drew a pay package of around ₹40 crore ($6.15 million) in the last fiscal, up 27% year-on-year.
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services. COO UB Pravin Rao’s compensation rose 29% to $2.2 million, while the two presidents, Ravi Kumar and Mohit Joshi, saw their remuneration rise to $3 million and $3.2 million, jumps of 25% and 24.6% respectively.
In comparison, Wipro’s chief executive officer Abidali Z Neemuchwala’s pay package rose 12% to almost ₹31 crore ($4.42 million) in FY20, according to a recent regulatory filing.