From IIT to Infosys CEO: The Meteoric Rise of Salil Parekh

Salil Parekh, an alumnus of the prestigious Indian Institute of Technology (IIT) Bombay, has become a beacon of success in the corporate world. Currently serving as the CEO and Managing Director of Infosys, India's second-largest tech company, Parekh is one of the highest-paid CEOs globally. His journey from an IIT graduate to a corporate leader is nothing short of inspiring.

The Financials: A Glimpse into Salil Parekh's Earnings

Despite a 21% reduction in his compensation package for the fiscal year 2022-23, Parekh still managed to earn a staggering Rs 56.4 crore. This translates to an eye-watering daily income of Rs 15.4 lakh.

The Educational Foundation

Salil Parekh completed his Aeronautical Engineering degree from IIT Bombay and went on to earn Master of Engineering degrees in Computer Science and Mechanical Engineering from Cornell University. His strong educational background laid the foundation for his successful career.

Career Milestones

Before joining Infosys, Parekh was a Partner at Ernst & Young. He was also a member of the Group Executive Board at Capgemini for 25 years, where he held several leadership positions and was responsible for the company's strategy and execution.

Salary Hike and Leadership at Infosys

In 2022, Infosys increased Salil Parekh's salary by a whopping 88%, taking his annual compensation from Rs 42.50 crore to Rs 79.75 crore, which is over Rs 21 lakh per day. He took over the reins of Infosys from interim CEO U B Pravin Rao on January 2, 2018.

Conclusion

Salil Parekh's journey is a testament to the power of education, hard work, and strategic career moves. As a member of the National Council of the Confederation of Indian Industry (CII) and with around 30 years of experience in the IT services industry, he continues to be an inspiration for aspiring professionals.