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Sikka's salary drops 67% in FY17 on lower bonus payout

His total compensation, including bonus and grant of stocks, fell 7% to Rs 45.11 cr

Press Trust of India  |  New Delhi 

Infosys chief executive Vishal Sikka's high salary, which had prompted the founder members to voice concerns, has dropped over 67 per cent in 2016-17 on lower bonus payout. According to the annual report of Infosys, the cash component of Sikka's salary was Rs 16.01 crore, down from Rs 48.73 crore in 2015-16. His total compensation, including bonus and grant of stocks, fell 7 per cent to Rs 45.11 crore in 2016-17 from Rs 48.41 crore in the previous fiscal. Sikka received a base salary of $1 million in FY17, up from $900,000 in previous year. His bonus and incentives dropped ...

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First Published: Wed, May 24 2017. 17:57 IST
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