Global Multinational Corporation Infosys created yet again record as the tech giant possesses 74 Crorepati employees for the financial year of 2019-20. The majority of these Crorepaties are working as vice presidents and senior vice presidents.
However, the company possessed 64 Crorepati employees for the financial year of 2018-19. Thanks to the increase in the perquisite value of stock incentives allowed by the company.
The rise of the remunerations which was exercised in the year played a crucial role in the jump of Crorepati employees in the company from 64 to 74 in a span of one year. Surprisingly, no promotions took place in the company in the financial year.
Fixed pay, variable pay, retiral benefits, and stock options were also included in the remuneration received by these Crorepati employees. The median remuneration (MRE) of Infosys employees increased by 10% in the previous budgetary
This rise of the MRE made Infosys CEO Salil Parekh the Indian IT CEO who is paid the highest remuneration who draws $6.15 million for the Financial Year. His remuneration saw a rise of 27%.