HCLTech CEO the very best paid in Indian IT trade

In its annual report for monetary yr 2023-2024, HCLTechnologies reported that its CEO C Vijayakumar’s whole remuneration for the fiscal yr was about $10.06 million, which is round ₹84.16 crore.

The report talked about that the CEO earned a base wage of round $1.96 million, a performance-linked bonus of $1.14 million, with round $2.36 million paid in long-term incentive (LTI) money part and $4.56 million (₹38.15 crore) in LTI – perquisite worth of the restricted inventory models (RSUs) exercised. The remaining $0.04 million was paid in advantages, perquisites, and allowance.

With a base wage of $1.96 million, Vijayakumar, who took over because the CEO in 2016, is the very best paid amongst Indian IT companies corporations’ CEOs for the yr. Following shut behind is Infosys CEO Salil Parekh, who earned round ₹66 crore, adopted by Wipro’s new CEO Srini Pallia who bought paid round ₹50 crore. TCS CEO Okay Krithivasan’s wage for the yr was round ₹25 crore.

Among the many prime 4 Indian IT corporations, TCS had the very best income for FY24 at ₹2,40,893 crore, adopted by Infosys at ₹1,53,670 crore, HCLTech at ₹1,09,913 Crore, and Wipro at ₹89,794 crore.

In the meantime, the report famous that the median enhance in remuneration of HCLtech staff for FY24 was about 7.07 %.

• Additionally learn: NITES condemns HCL Tech’s “draconian” go away coverage