Ashok Vemuri, head of Infosys American operations, was the leader in remuneration with a pay packet of Rs 4.88 crore. Vemuri joined Infosys in 1999. He looks after the BFSI vertical.
Besides sales and marketing, Dhar also heads the Communications, Media and Entertainment business unit. In his mid-forties, Dhar joined Infosys in 1997. He played a key role in navigating the firm through last years recession . He has been promoting what the company says are its new engagement models for cost-sensitive customers.
Along with Chandrasekhar Kakal and BG Srinivas, Dhar and Vemuri are as counted among Infosys generation-next leadership. Historically, the fattest pay slip at Infosys does not go to the CEO or the firms founders. Chandra Shekar Kakal, global head of the Enterprise Solutions group, saw his salary shooting up 31% to Rs 2.07 crore. CEO Kris Gopalakrishnan collected Rs 1.01 crore. BG Srinivas, who heads Infys manufacturing business unit and takes care of its European operations, drew a total pay of Rs 4.56 crore. Board member and HR chief Mohandas Pai was paid Rs 3.13 crore and CFO V Balakrishnan received Rs 2.44 crore.
The hikes were largely due to higher incentives. Infosys clarified that the salaries of executive council members in fiscal year 2010 included certain catch-up payments of previous years. Executive members have two components to their incentives an executive council bonus and a role allowance. These components are paid out as deferred payments. The bonus and role allowance of FY09 were paid in FY10. Even if the salaries are normalised over the years, the average growth for the year will be 7-8%, Infosys said.