Infosys' highest paid executive in 2006-07— Mohandas Pai
Bangalore: T V Mohandas Pai, director (human resources) at Infosys was the highest paid employee of the Bangalore based IT bluechip in 2006-07 and drew $58,263, which was the highest remuneration in Infosys per annum.

In a filing to the US Securities and Exchange Commission the company said 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.

Srinath Batni, head — co-customer delivery received the second highest salary at the company with an annual package of 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.

Nandan M Nilekani, who was earlier the CEO, MD of the company and is now set to become the co-chairman, was paid an annual salary of $33,319. 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.

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.

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.
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Madhucon Group makes new appointments at top
Hyderabad: Infrastructure company Madhucon Group has appointed two new managing directors at Madhucon Projects (MPL) and Madhucon Granites each. Nama Seethaiah, a civil engineer would be the managing director of MPL, Nama Krishnaiah has been appointed as managing director of Madhucon Granites (Rs115 crore turnover), according to a company press release.

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Ramesh Rajan to head PwC India
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