The highest paid CEO in Indian IT sector | HCL Tech, in its annual report, said that it provided a remuneration of Rs 123 crore to its chief executive officer (CEO) C. Vijaykumar last year, making him the highest-paid Indian CEO right now
The highest paid CEO in Indian IT sector
HCL Tech, in its annual report released recently, said that it provided a remuneration of Rs 123 crore to its chief military officer (CEO) C. Vijaykumar last year after getting a two-year long-term incentive (LTI) worth $12.5 million, in step with the company’s annual report. He received $4.13 million in salary. This makes Vijayakumar the highest-paid Indian CEO currently. while HCL CEO Vijayakumar didn’t get a hike in his salary for FY22, which concluded on March 31, the $12.5 million LTI helped him jump previous Wipro’s Thierry Delaporte, whose annual package was Rs 79.8 crore ($10.51 million) within the FY22.
Responding to the report, Vijayakumar wrote to shareholders, “At HCL Technologies, we’ve got taken pioneering steps in our talent strategy. We are happy with our global team of diligent, diverse and passionate people, all 209,000 plus of them across 52 countries. they’re delivering a unprecedented experience to our clients under the leadership of a world-class management team rooted in our culture of ‘Ideapreneurship’.”
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The highest paid CEO in Indian IT sector | Vijayakumar joined the worldwide technology company HCL Technologies in 1994 and have become the CEO after over twenty years in 2016. He had also served as a member of the US-India Business Council. Besides, he has also been appointed because the chairman of the planet Economic Forum’s IT Governor’s Community.
A look at the CEOs of major Indian IT Sector firms reveals that these giants pay CEOs millions as turnover climbs among software talent. Moreover, reports suggest that the gap between an employee’s median pay and management is rising significantly.
WIPRO CEO Thierry Delaporte was appointed because the CEO and MD of the company in July 2020. The Frenchman received a compensation of Rs 79.8 crore in FY22, a hike from the earlier package of Rs 64.3 crore in FY21. His cheque comprised salary and allowances worth $1.7 million, commissions/variable pay worth $2.5 million, long-term compensation or deferred benefits worth over $2 million and other variables amounting to $4.1 million, as per the reports.
INFOSYS CEO Salil Parekh, also noted because the “turnaround manager”, took over because the CEO of the $10-billion IT firm in January 2018. Parekh has seen through successful acquisitions and powerful business turnarounds within the past. The salary of Salil Parekh was Rs 71.02 crore between FY 21-22, making him the third-highest paid Indian CEO among Indian IT firms. Besides, Salil Parekh’s term has been extended by the company till 2027, along with a hike in his package, which now stands at Rs 79.75 crore.
Tech Mahindra CEO CP Gurnani has been at the company’s helm since 2012 and has spearheaded the aggregation of Mahindra Satyam with Tech Mahindra. The salary of C P Gurnani was last posted at Rs 63.4 crore after receiving a 189% hike in his compensation in FY22. C P Gurnani’s earnings are recorded at around Rs 165 crore on occasions quite one. Gurnani has earlier been the NASSCOM chairman in 2016.
TCS CEO Rajesh Gopinathan is one in every of the youngest CEO of Tata Group. Rajesh Gopinathan is imagined to receive INR 25.75 crore as his salary in FY22, which was 26.6% over the pay he received within the last fiscal. He has been serving because the manager and CEO of Tata Consultancy Services since 2017 after N Chandrasekaran was elevated to Tata Sons chairman.
The highest paid CEO in Indian IT sector
Expressing concerns about the ballooning purses of executives, Mohandas Pai, who served on Infosys’ board in its period of time, terms the “absurdly high” CEO salaries because the “Americanization” of the Indian software industry. “These are offshore companies. they are not American companies. They grew, not because of a mercenary attitude towards people, but because of a people-centric attitude,” he said. Pai said billable employee (those who write software codes) pay has remained almost flat since 2009, while that of senior executives has gone up again and again over.
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