Business

Infosys CEO Sikka takes home Rs 48.73 cr pay in FY16

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Infosys paid Vishal Sikka, its Chief Executive Officer (CEO), $7.45 million (Rs.48.73 crore) as his salary for the financial year 2015-16.

The remuneration of the former SAP executive 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.

Mr.Sikka, who took over as the first non-founder CEO in August 2014, got a salary package of Rs.4.56 crore for the fiscal 2015.

The board also revised Mr.Sikka’s annual pay structure to about $11 million.