New Delhi: Tata Consultancy Services (TCS) CEO and MD Rajesh Gopinathan’s wage surged by 53% in the monetary 12 months 2021, as he took house a pay package deal of about Rs 20.36 crore in FY21.
Gopinathan obtained Rs 1.27 crore in wage, Rs 2.09 crore in advantages, perquisites and allowances, and a whopping Rs 17 crore in fee. In the monetary 12 months 2019-20, he had obtained a complete remuneration of Rs 13.3 crore, in accordance to TCS annual report for FY21.
In comparability, Infosys chief Salil Parekh earned Rs Rs 34.67 crore in the Financial Year 2020. Former Wipro former CEO Abidali Neemuchwala had made Rs 34 crore in the identical interval. The annual pay of Wipro’s present CEO Thierry Delaporte is Rs 37.9 crore, together with inventory compensation and different perks.
Meanwhile, the Chief Operating Officer of TCS, N Ganapathy Subramaniam raked in Rs 16.1 crore in the final monetary 12 months. His remuneration consists of Rs 1.21 crore in wage, Rs 1.88 crore in advantages, perquisites and allowances, and Rs 13 crore in fee.
“Increase in the managerial remuneration for FY2021 is not comparable with FY2020 owing to decrease in remuneration of 15 per cent in FY2020 in view of the economic conditions impacted by the COVID-19 pandemic wherein the Directors had decided to moderate the executive remuneration for FY2020 to express solidarity and conserve resources,” the annual report stated.
The improve in the managerial remuneration for FY21 stood at 55.22 per cent. In comparability, the typical annual improve in salaries was 5.2% in the final monetary 12 months in India.
TCS Chairman N Chandrasekaran stated the corporate sees immense alternatives for development, driving the brand new know-how cycle that has kicked off, powered by the assumption that its differentiated capabilities and collaborative, solution-centric method makes it the popular transformation accomplice of its prospects.
The report stated the share improve in the median remuneration of staff in FY2021 was 0.03 per cent. TCS’ everlasting worker base was at 4,48,649 on the finish of 2020-21 fiscal 12 months.
– with inputs from PTI.
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