Surprisingly, the fattest pay package at the country’s second-largest IT exporter does not go to its chief mentor and non-executive chairman N Narayana Murthy, co-chairman Nandan Nilekani or CEO and MD S Gopalakrishan. But, interestingly, it goes to CFO V Balakrishnan with a hike of Rs 1.73 crore. Balakrishnan’s remuneration increased from Rs 63 lakh to Rs 2.36 crore last fiscal.
Balakrishnan was closely contended by BG Srinivas, head of European operations and an executive council member, was the highest paid employee at Infosys in the year-ended March 2009. Last year, Srinivas received a total compensation package of Rs 4.67 crore. Srinivas’ total remuneration rose by Rs 1.6 crore.
Srinivas was followed by Ashok Vemuri. US-based Ashok Vemuri, head of BFSI and capital markets, total compensation rose to Rs 4.04 crore from Rs 2.81 crore in the previous fiscal. Last year Vemuri, had received an annual compensation of $704,111 (a little over Rs 2.8 crore). Among the board members, Mohandas Pai earned the highest compensation package of Rs 2.59 crore. Last year, Pai was the third highest earning executive at Infosys with an package of $443,379 (about Rs 1.8 crore).
The current CEO and MD, S Gopalakrishnan’s total compensation package stood at Rs 92 lakh while co-chairman Nandan Nilekani earned Rs 91 lakh. COO SD Shibulal’s Rs 87 lakh was the lowest among key management personnel. NR Narayana Murthy, non-executive chairman and chief mentor, took home a commission of Rs 63 lakh only!
Balakrishnan was closely contended by BG Srinivas, head of European operations and an executive council member, was the highest paid employee at Infosys in the year-ended March 2009. Last year, Srinivas received a total compensation package of Rs 4.67 crore. Srinivas’ total remuneration rose by Rs 1.6 crore.
Srinivas was followed by Ashok Vemuri. US-based Ashok Vemuri, head of BFSI and capital markets, total compensation rose to Rs 4.04 crore from Rs 2.81 crore in the previous fiscal. Last year Vemuri, had received an annual compensation of $704,111 (a little over Rs 2.8 crore). Among the board members, Mohandas Pai earned the highest compensation package of Rs 2.59 crore. Last year, Pai was the third highest earning executive at Infosys with an package of $443,379 (about Rs 1.8 crore).
The current CEO and MD, S Gopalakrishnan’s total compensation package stood at Rs 92 lakh while co-chairman Nandan Nilekani earned Rs 91 lakh. COO SD Shibulal’s Rs 87 lakh was the lowest among key management personnel. NR Narayana Murthy, non-executive chairman and chief mentor, took home a commission of Rs 63 lakh only!