After a decline in the previous year, the number of Infosys employees earning over ₹1 crore annually rose by 9% to 112 in FY25. The increase is largely attributed to changes in the perquisite value of stock incentives and higher variable pay.
Additionally, 33 high-earning employees joined Infosys mid-year, each drawing an average monthly salary of over ₹8.5 lakh, according to data compiled from the annual report. This marks a reversal from FY24, when the number of ₹1-crore-plus earners had declined by 17%.
Despite prevailing geopolitical uncertainties, Infosys managed a 50 basis points (bps) improvement in operating margin, reaching 21.1% in FY25.
“The increase in margins by 50 basis points over FY24 was achieved despite multiple headwinds from salary increases, higher variable pays, large-deal ramp-ups, and acquisition-related amortisation,” said CFO Jayesh Sanghrajka during the company’s earnings call.
Historically, FY23 recorded the highest number of such employees at 124, while FY20 saw the lowest at 74 over the past six years. To be sure, the list includes only employees based in India and excludes the top 10 executives.
The combined remuneration of these 112 employees stood at ₹203 crore in FY25. CFO Jayesh Sanghrajka topped the list with a compensation of ₹8.8 crore, followed by Chief Delivery Officers Dinesh R (₹7.2 crore) and Satish H.C (₹6.9 crore).
Interestingly, more than one-third of these high earners have been with Infosys since before 2000, with some dating back to as early as 1990.
Infosys’s total spending on employee benefits rose 4% to ₹85,950 crore in FY25, accounting for 53% of its total revenue of ₹1.63 lakh crore. The company’s total headcount stood at 3.24 lakh as of March 2025.
The total compensation figures include fixed salary, variable pay, retiral benefits, and the perquisite value of stock incentives exercised during the year. Variations in pay across individuals are primarily due to changes in the taxable value of stock options granted in previous years but exercised in FY25.
