Pai highest paid Infosys executive in 2006-07

Infosys Director (Human Resources) T V Mohandas Pai was the highest paid employee of the IT bluechip in 2006-07 fiscal. Pai, who is also chairman of Infosys BPO, drew $58,263, the highest remuneration in Infosys per annum.

The company said in a filing to the US Securities and Exchange Commission that in addition to the salary, Pai earned a fat bonus/incentive of $117,336 with other annual compensation of $21,779. He also received an amount of $15,287 accrued for long term benefits.

The second highest salary was drawn by Srinath Batni, head -- co-customer delivery. His annual package included a salary of $48,958 along with $100,784 as bonus/incentive; $17,263 as other annual compensation and $13,150 as amount accrued for long-term benefits.

CFO V Balakrishnan is the third highest paid employee in terms of salary. He drew $39,586 as salary; $100,512 as bonus/incentive; $28,674 as other annual compensation and $11,190 as amount accrued for long-term benefits.

Outgoing CEO & MD Nandan M Nilekani, who is set to become the co-chairman, was paid an annual salary of $33,319. Also, he earned $65,543 as bonus/incentive. Another $10,629 came as other annual compensation and $9,652 as amount accrued for long term benefits.

Interestingly, COO S Gopalakrishnan (Kris), the next in line CEO of Infosys, drew $33,319 as salary. His annual package included $65,543 as bonus/incentive; $11,462 as other annual compensation and $9,735 as amount accrued for long-term benefits.

Another co-founder K Dinesh, who is director and head - information systems, quality and productivity, and communication design group, drew the same salary and bonus as that of Kris. He also earned $10,326 as other annual compensation and $9,622 as amount accrued for long term benefits.

S D Shibulal, director and group head -- worldwide sales and customer delivery, drew $31,304 as salary; $58,571 as bonus/incentive; $8,777 as other annual compensation and $8,956 as amount accrued as long-term benefits.

Infosys non-executive chairman N R Narayana Murthy was the lowest paid director. His salary was $12,898. However, his bonus was high -- $35,017. He was also paid $42,845 as other annual compensation and $3,868 as amount accrued for long term benefits.