Infosys chief Vishal Sikka took home an annual salary package of $7.45 million (about Rs48.73 crore) for the 2015-16 financial year. This includes basic salary of $906,923, $6.48 million in bonus and incentives and $51,198 in amount accrued for long-term benefits, according to the company’s annual report for the latest fiscal.
In 2014-15, Sikka took home a package of Rs4.56 crore. In August last year, Sikka was brought in to turnaround the company, a strategy that has worked well for the Bengaluru- based firm. Earlier this year, Infosys board extended the tenure of Sikka by nearly two years till March 2021, saying his initiatives have helped the company move towards reclaiming its industry leadership position.
As per the revised pay structure, Sikka will get an annual base salary of $1 million and $3 million in variable pay. He will also get about $7 million in stock compensation.