Although the engine’s package went down by 21% for FY 2022-23, he still managed to earn Rs 56.4 crore in the last fiscal year. This means the IITian earned Rs 15.4 lakh per day.
IITs have given us a few of the most popular tech CEOs that are leading a few of the biggest firms across the globe. One such IIT Bombay graduate is currently serving as the CEO of India’s second biggest tech company with a market cap of more than Rs 580000 crore. The IIT alumnus is one of the highest paid CEOs in the world. Although the engine’s package went down by 21% for FY 2022-23, he still managed to earn Rs 56.4 crore in the last fiscal year. This means the IITian earned Rs 15.4 lakh per day. The successful IIT graduate we are talking about is Salil Parekh, CEO and Managing Director of Infosys. Member of the National Council of the Confederation of Indian Industry (CII), Salil Parekh has around 30 years of experience in the IT services industry with a strong track record of executing business turnarounds and managing successful acquisitions.
Salil Parekh completed his Aeronautical Engineering from IIT Bombay and went to do his Master of Engineering degrees in Computer Science and Mechanical Engineering from Cornell University. Before joining Infosys, Parekh was a Partner at Ernst & Young. Since 2000, Salil was a member of the Group Executive Board at Capgemini, where he held several leadership positions for 25 years where he was responsible for the strategy and execution of the company’s businesses.
In 2022, Infosys increased his salary by a whopping 88 percent. His annual compensation had been Rs 42.50 crore. After the hike, his salary package was Rs 79.75 crore, which is over Rs 21 lakh per day. Salil Parekh took over the lead of Infosys from interim CEO U B Pravin Rao on 2 January 2018.