Indian CEOs are getting good-looking pay, with IT main HCL Technologies in its annual report informing that its CEO C Vijayakumar acquired $16.52 million or about Rs 130 crore in compensation, making him the highest-paid government in India. Here’re are the top-five highest-paid Indian chief government officers (CEOs).
HCL’s C Vijayakumar acquired Rs 123.13 crore ($16.52 million) in 2021. He acquired $2 million as base wage and one other $2 million in variable pay. The CEO additional acquired $0.02 million as perquisites and different advantages for the 12 months ended March 31. The LTI (long-term incentive) of $12.50 million took his complete wage to $16.52 million.
HCL mentioned, “There has been no change in his remuneration during the FY 2021-22 except for receipt of USD 12.5 million as LTI (Long-Term incentive) that is paid at fixed intervals (at the end of two years) based on the achievement of milestones/parameters fixed by the Board. Accordingly, the payment of the above LTI is for two years that ended on March 31, 2021 viz. $6.25 million for FY 2019-20 and $6.25 million for the FY 2020-21.”
Wipro Chief Executive Officer Thierry Delaporte acquired an annual remuneration of $10.5 million (about Rs 80 crore) in 2021-22. He was appointed as the corporate’s CEO in July 2020 and through the first 9 months of tenure, his remuneration was Rs 64 crore for FY21.
Infosys CEO Salil Parekh acquired a complete remuneration of Rs 71.02 crore through the monetary 12 months 2021-22. The firm’s shareholders have accredited a proposal to increase Parekh’s time period for 5 years until 2027, with a rise in his compensation package deal to Rs 79.75 crore.
Parekh’s compensation throughout 2021-22 included Rs 5.69 crore base wage, Rs 0.38 crore retiral advantages, Rs 12.62 crore bonus and incentives and Rs 52.33 crore in perquisites on account of inventory choices exercised, in line with the annual report.
Tech Mahindra CEO and Managing Director CP Gurnani took house Rs 63.4 crore within the monetary 12 months 2021-22, a 189 per cent year-on-year leap. The wage included wage, inventory compensation advantages and post-employment advantages for the one-year interval, in line with Tech Mahindra’s annual report.
Tata Consultancy Services CEO and MD Rajesh Gopinathan noticed a rise of 26.6 per cent in wage, in line with the corporate’s annual report for 2021-22. He took house the full compensation of Rs 25.75 crore through the earlier monetary 12 months.
The highest-paid Indian CEO in a be aware to shareholders mentioned, “At HCL Technologies, we have now taken pioneering steps in our expertise technique. We are pleased with our international group of diligent, various and passionate folks, all 2,09,000 plus of them throughout 52 nations. They are delivering a rare expertise to our shoppers beneath the management of a world-class administration group rooted in our tradition of ‘Ideapreneurship’.”