Bengaluru: Infosys, India’s second largest outsourcer, currently has 54 employees who earn annual salaries of at least Rs 1 crore, the company said in its annual report. Going by the information, the number of crorepati employees is three times higher than the figure of 18 two years ago.
The number, however, stood at 113 last year but it was mainly on account of the one-time bonuses and high incentives the company had handed out to many of its key executives. Infosys had also given out-of-turn promotions and bonuses to thousands of its employees which in turn helped the company make a strong comeback, witnessing the highest growth rate among big IT companies.
According to the company’s annual report, Infosys currently has 260 employees who earn over Rs 60 lakh per annum, as compared to 200 in the previous year.
The report further stated that the number of crorepati employees may fall in the next financial year as six such employees have quit Infosys, including chief financial officer Rajiv Bansal, whose annual salary was Rs 10 crore.
Infosys CEO Vishal Sikka took home Rs 49 crore salary in FY16, as compared to Rs 4.56 crore in the financial year 2015-16.
The company’s chief operating officer UB Pravin Rao received Rs 9.28 crore salary this year, which is almost 1.5 times higher than his Rs 6 crore salary last year.
