Salil Parekh News

Parekh’s salary was 752 times more than the median salary of an Infosys employee, which was Rs 10.72 lakh in FY25.

Infosys made it clear that the company does not support moonlighting Infosys said that it has fired employees who were into dual employment over the last 12 months. The IT firm did no reveal the exact number of employees fired for dual employment

Infosys CEO Salil Parekh gets 88% pay raise. Annual salary hiked from Rs 42 crore to Rs 79 crore. Parekh appointed as CEO for 5 more years.

Salil Parekh has been the Chief Executive Officer and Managing Director of Infosys since January 2018.

The Ministry of Finance emphasised that there is a need for putting in more resources and efforts on the part of Infosys so that the much-delayed delivery of agreed services is ensured. Parekh was also sensitised on the difficulties that the taxpayers are facing and the problems that are arising on account of the delays in the functioning of the portal. The Infosys CEO explained that he and his team are doing everything to ensure the smooth functioning of the portal.

The new income tax e-filing portal "www.Incometax.Gov.In' had a bumpy start from the day of its launch on June 7. Between January 2019 to June 2021, the government has paid Rs 164.5 crore to Infosys for developing the portal.

More than half of Parekh's remuneration came from the exercise of stock options. Infosys Chairman Nandan Nilekani has voluntarily chosen not to receive any remuneration in FY21. TCS CEO drew a pay package of Rs 20.36 crore in 2020-21.

Claiming to be an employee in the $11-billion company`s finance department, the whistleblower reportedly complained that he was unable to disclose his identity fearing retaliation for the damning disclosures he was making against Parkeh.

Parekh, who joined Infosys in January 2018, received Rs 6.07 crore in fixed salary and Rs 10.96 crore in bonus, incentives and variable pay in 2018-19.

Infosys said in a statement on Wednesday it had applied to the Securities and Exchange Board of India as it wanted to resolve allegations, including issues related to not seeking the prior approval of the nomination and remuneration committee and disclosures relating to the payout.

Infosys shares rose as much as 4 percent after the IT services company on Saturday named Salil Parekh as its new chief executive, handing him the twin challenges of reviving growth and forging peace between its founders and board following a public spat.

As the CEO, Parekh will have to achieve growth while being careful not to antagonize Infosys` founders