Infosys CFO MD Ranganath is relocating to US. This is his salary now

Infosys Chief Financial Officer MD Ranganath is being relocated to the US for business reasons.

Infosys, in the filing, said, “The company has asked, for business reasons, MD Ranganath the CFO to operate from the US.”

After this decision, Ranganath's fixed compensation has been revised to $0.69 million along with a variable compensation of up to $0.56 million. His fixed pay has increased to Rs 4.48 crore and could take home Rs 3.64 crore more as variable pay.

As per Infosys annual report, Ranganath was paid Rs 2.84 crore in fixed pay and Rs 1.80 crore in bonus and incentives in FY17.

This move comes after Infosys said it plans to hire 10, 000 US workers in next two years and open four tech centres in the US, starting with a centre in August in Indiana.

The 10,000 new U.S. jobs will form a small part of Infosys' overall workforce of over 200,000.