Compensation InsightHow Infosys Pays
Job levels, compensation by geography, equity programs, variable pay mechanics, and executive compensation.
Career Levels
Infosys uses a Job Level (JL) system. The structure is a pyramid from trainee layers through delivery-management, consulting, and technology-architecture tracks. Select any level to see compensation details for Bangalore.
Career Level Explorer
Technology Lead
Rare equityTechnology Lead, Team Lead, Senior Lead Engineer
5–15 yrs experience
Total Compensation Range by Band
Total CTC ranges for Bangalore — excludes JL9+ to avoid scale distortion
Variable Pay Structure
Variable % by Job Level
India — Variable Pay
Payout History
| Quarter | Payout | Date |
|---|---|---|
| Q2 FY2024 | 80% average | Nov 2023 |
| Q3 FY2024 | 73% average | Feb 2024 |
| Q4 FY2024 | 57%–70% | May 2024 |
| Q1 FY2025 | 80% average | Aug 2024 |
| Q2 FY2025 | 85%–90% average | Nov 2024 |
| Q3 FY2025 | 80% average | Feb 2025 |
| Q4 FY2025 | 50%–65% | May 2025 |
| Q1 FY2026 | 80% average | Aug 2025 |
| Q2 FY2026 | 90% average | Nov 2025 |
| Q3 FY2026 | 85% average (75%–100%) | Feb 2026 |
Reality Check
CTC is not equal to take-home. Recent average variable payouts sit around 65%–85% of target rather than a stable 100%. The company explicitly uses variable pay to protect 20.5%–21.5% operating margins.
Equity & Stock Plans
Equity access starts late at Infosys — routine grants begin around JL6, meaningful equity at JL7+
2015 Incentive Compensation Plan
2019 Expanded Stock Ownership Program
Equity Eligibility by Job Level
| Band | Roles | Eligibility | Grant Size |
|---|---|---|---|
| Pre-JL3 to JL4 | Trainee to Technology Analyst | No standard annual equity | None |
| JL5 | Technology Lead, PM | Rare / exceptional only | 500–1,000 RSUs in select cases |
| JL6 | Architect, Lead Consultant, DM | Selective to standard | 800–3,000 RSUs / $3K–$12K equivalent |
| JL7 | Principal, AVP, Associate Partner | Meaningful RSUs / PSUs | 2,000–10,000 RSUs / $20K–$60K equivalent |
| JL8 | VP / Business Head | Regular / meaningful equity | 10,000–40,000 RSUs / $100K–$500K+ |
| JL9+ | SVP, EVP, CXO | Regular and material | 8,500–22,000+ shares for disclosed leaders |
| CEO | CEO & MD | Core component of pay | FY2025: ~₹54.75Cr grant package |
Key Stats
Outstanding Grants
Important Caveat
Infosys is a pyramid-shaped services company, not a broad-based equity company. Observable recurring equity begins late — roughly at JL6. Junior and mid-level compensation is dominated by base cash plus a tunable variable layer. Only ~2.5% of the workforce has stock access.
Executive Compensation
Nandan Nilekani (Chairman) voluntarily draws ₹0.
112 employees earn above ₹1Cr; total payout ₹203Cr.
| Name | Title | Location | Remuneration |
|---|---|---|---|
| Salil Parekh | CEO & MD | India | ₹80.62Cr |
| Jayesh Sanghrajka | EVP & CFO | India | ₹8.84Cr |
| Dinesh R. | EVP & Chief Delivery Officer | India | ₹7.2Cr |
| Satish H.C. | Chief Delivery Officer | India | ₹6.9Cr |
| Shaji Mathew | EVP & CHRO | India | ₹4.64Cr |
| Sumit Virmani | EVP & CMO | India | ₹4.35Cr |
| Karmesh Gul Vaswani | Segment Head – CPG, Logistics & Retail | UK | ₹21.64Cr |
Insider Trades & SAST Activity
For Infosys, insider trades are governed by SEBI / SAST, not ASX.
| Date | Person | Designation | Type | Shares | Value | Note |
|---|---|---|---|---|---|---|
| Mar 5, 2026 | Infosys Employee Benefits Trust | Employee benefit vehicle | Disposal | 2,039 | ₹26.28L | Off-market trust disposal |
| Feb 24, 2026 | Infosys Employee Benefits Trust | Employee benefit vehicle | Disposal | 99,229 | ₹13.17Cr | Large trust disposal |
| Dec 22, 2025 | Gavin Sheldon | Head – Entertainment & Connectivity | Acquisition | 11,320 | ₹2.21Cr | Vest event |
| Dec 22, 2025 | Gavin Sheldon | Head – Entertainment & Connectivity | Disposal | 11,320 | ₹2.21Cr | Same-day sale |
| Dec 20, 2025 | Anant Raghavendra Adya | Service Offering Head | Acquisition | 28,880 | ₹5.65Cr | Vest event |
| Dec 20, 2025 | Anant Raghavendra Adya | Service Offering Head | Disposal | 28,880 | ₹5.65Cr | Same-day sale |
| Dec 11, 2025 | Shreyas Shibulal | Promoter / founder family | Disposal | 1,992,860 | SAST filing | Large promoter-family disposal |
| Dec 10, 2025 | Bhairavi M. Shibulal | Promoter / founder family | Disposal | 542,375 | SAST filing | Linked promoter-family disposal |
| May 6, 2025 | Jasmeet Singh | Segment Head – Manufacturing | Acquisition | 18,705 | ₹2.80Cr | ESOP vest |
| May 6, 2025 | Jasmeet Singh | Segment Head – Manufacturing | Disposal | 18,705 | ₹2.80Cr | Same-day sale |
| Feb 15, 2025 | Jasmeet Singh | Segment Head – Manufacturing | Acquisition | 11,037 | ₹2.08Cr | ESOP vest |
| Feb 15, 2025 | Jasmeet Singh | Segment Head – Manufacturing | Disposal | 11,037 | ₹2.08Cr | Same-day sale |
Context on Insider Activity
Infosys insider trades are governed by SEBI (PIT) Regulations and SAST filings, not SEC Form 4. Most employee transactions are routine ESOP vest-and-sell events. Promoter-family disposals (Shibulal family) are large-scale SAST filings. The Employee Benefits Trust regularly disposes shares to fund ESOP exercises. Same-day sale patterns indicate employees exercising and immediately selling to cover tax obligations.
Senior Management Compensation — India
India-posted employees earning above the statutory ₹1.02 crore threshold, from official Infosys board exhibits. The CEO (Salil Parekh) is shown separately as his remuneration is reported on an accrual basis in Annexure 3.
| FY | Base | Retiral | Fixed | Bonus | Stock | Total |
|---|---|---|---|---|---|---|
| FY2025 | ₹7.45Cr | ₹0.49Cr | ₹7.94Cr | ₹23.18Cr | ₹49.50Cr | ₹80.62Cr |
| FY2024 | ₹7.00Cr | ₹0.47Cr | ₹7.47Cr | ₹19.75Cr | ₹39.03Cr | ₹66.25Cr |
| FY2023 | ₹6.67Cr | ₹0.45Cr | ₹7.12Cr | ₹18.73Cr | ₹30.60Cr | ₹56.45Cr |
Accrual basis — includes base salary, retiral benefits, variable/bonus pay, and perquisite value of stock options exercised.
| Name | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
Jayesh Sanghrajka EVP & CFO | ₹8.54Cr | ₹6.14Cr | ₹8.84Cr |
Dinesh R. EVP & Chief Delivery Officer | ₹5.14Cr | ₹4.57Cr | ₹7.16Cr |
Satish H. C. EVP & Chief Delivery Officer | ₹5.23Cr | ₹4.04Cr | ₹6.93Cr |
Shaji Mathew EVP & CHRO | ₹4.02Cr | ₹3.20Cr | ₹4.64Cr |
Sumit Virmani EVP & CMO | ₹3.14Cr | ₹3.03Cr | ₹4.35Cr |
Sunil Kumar Dhareshwar EVP & Global Head – Corp Accounting | ₹4.23Cr | ₹2.70Cr | ₹4.33Cr |
Deepak Bhalla EVP & CRO | ₹3.03Cr | ₹3.40Cr | ₹3.79Cr |
Arun Kumar H. R. EVP & Head – Business Strategy | ₹3.75Cr | ₹2.66Cr | ₹3.96Cr |
Mohammed Rafee Tarafdar EVP & CTO | ₹2.77Cr | ₹2.22Cr | ₹2.96Cr |
Balakrishna D. R. EVP & Head – Global Services | ₹2.78Cr | ₹2.70Cr | ₹3.15Cr |
Nandini S. EVP & Group Head – Comp & Benefits | ₹2.07Cr | ₹2.14Cr | ₹2.41Cr |
Sushanth M. Tharappan EVP & Head HR – Infosys Ltd | ₹2.28Cr | ₹2.38Cr | ₹2.63Cr |
Nabarun Roy EVP & Group Head – Quality | ₹2.83Cr | ₹2.46Cr | ₹2.30Cr |
Nilanjan Roy Chief Financial Officer | — | ₹10.67Cr | — |
Richard Lobo EVP & Head HR | ₹4.94Cr | — | — |
Narsimha Rao Mannepalli EVP & Co-Head Delivery | ₹6.65Cr | — | — |
Payout basis (except CEO). — indicates the individual did not appear in that year's exhibit.
| # | Name | Pay |
|---|---|---|
| 1 | Jayesh Sanghrajka EVP & Chief Financial Officer | ₹8.84Cr |
| 2 | Dinesh R. EVP & Chief Delivery Officer | ₹7.16Cr |
| 3 | Satish H. C. EVP & Chief Delivery Officer | ₹6.93Cr |
| 4 | Deval Jitendra Shah VP & Delivery Head, ADM | ₹4.91Cr |
| 5 | Shaji Mathew EVP & CHRO | ₹4.64Cr |
| 6 | Sumit Virmani EVP & CMO | ₹4.35Cr |
| 7 | Sunil Kumar Dhareshwar EVP & Global Head, Corp Accounting & Taxation | ₹4.33Cr |
| 8 | Arun Kumar H. R. EVP & Head, Business Strategy | ₹3.96Cr |
| 9 | Deepak Bhalla EVP & CRO & Global Head, Business Finance | ₹3.79Cr |
| 10 | Gautam Handoo AVP & Senior Industry Principal, CIS | ₹3.57Cr |
| 11 | Balakrishna D. R. EVP & Head, Global Services | ₹3.15Cr |
| 12 | Mohammed Rafee Tarafdar EVP & CTO | ₹2.96Cr |
| 13 | Tarang Puranik EVP & Service Offering Head | ₹2.68Cr |
| 14 | Sushanth Michael Tharappan EVP & Head HR, Infosys Limited | ₹2.63Cr |
| 15 | Siva K Prakhya Senior Industry Principal, Cybersecurity | ₹2.60Cr |
| 16 | Indranil Mukherjee SVP & Service Offering Head, EAS | ₹2.45Cr |
| 17 | Nandini S. EVP & Group Head, Compensation & Benefits | ₹2.41Cr |
| 18 | Shishank Gupta SVP & Service Offering Head, Microsoft Practice | ₹2.33Cr |
| 19 | Nabarun Roy EVP & Group Head, Quality | ₹2.30Cr |
| 20 | Rajneesh Malviya SVP & Service Offering Head, ADM | ₹2.28Cr |
| 21 | Sandeep Mahindroo SVP & Financial Controller, Investor Relations | ₹2.18Cr |
| 22 | Thirumala Arohi Global Head – ETA & Head – India Business | ₹2.14Cr |
| 23 | Nanjappa B. Somanna SVP & Head – HRD, Units | ₹2.09Cr |
| 24 | Balaji Sampath SVP & Segment Head, Marketing | ₹2.02Cr |
| 25 | Srinivas Poosarla SVP & Head, Privacy & Data Protection | ₹2.02Cr |
Source: Official Infosys board exhibits. Payout basis — includes fixed pay, variable pay, retiral benefits, and perquisite value of stock incentives exercised. Does not include top 10 employees (reported separately in Annexure 3).
Benefits & Perks
Benefits for Bangalore, India
Financial
Leave
Development
Regional Notes
India employees receive statutory EPF (12% of basic) and Gratuity after 5 years. Infosys operates its own PF trust. Health insurance covers ₹4L–₹5L family floater. Hybrid work policy requires 3 days/week in office from March 2025, with 5 WFH exemption days per quarter for JL5 and below. Subsidized meals available on campus.
Performance & Pay Progression
Infosys uses iCount, a quarterly performance system with cross-team calibration. Ratings drive both variable payout and annual hikes.
Promotion Timeline & Hike
Annual Hike Ranges by Rating
Appraisal Cycle
Context · Bangalore
Infosys uses the iCount system for quarterly performance tracking with cross-team calibration. Ratings are not on a bell curve but calibration sessions effectively create relative ranking. A key distinction: “progression” can mean title movement with minimal salary effect, while a “promotion” brings a meaningful hike (12%–25%). Average performers can remain stuck at JL3B for up to 10 years. Variable payout (QPB) is tied directly to iCount ratings, with Outstanding receiving up to 89%–100% and Needs Improvement receiving 0%.
Key Nuances & Insights
Junior and mid-level compensation is dominated by base cash plus a tunable variable layer. Observable recurring equity begins late — roughly at JL6.
Internal promotees can sit 30%–50% below lateral hires at the same band. Example: internal JL4 at ~₹5L while lateral JL4 commands ₹8L–₹10L.
CTC is not equal to take-home. Recent average payouts sit around 65%–85% of target rather than a stable 100%. The company explicitly uses variable to protect 20.5%–21.5% operating margins.
Junior India-to-US multiples of roughly 14x, compressing to around 2x–3x at management layers.
Recent Compensation News
Generally 75%–100% for eligible employees — highest sustained payout in recent quarters.
Q3 FY2026: management reiterated Jan/Apr wage-hike cadence. Attrition continued declining.
Signals willingness to pay selectively for AI / niche talent — roughly 5.8x the standard SET offer.