CEO Of This IT Company Gets Rs 50 Lakh/Day Salary: Check Richest IT CEOs In India!


Sheetal Bhalerao

Sheetal Bhalerao

Apr 23, 2024


We always wonder about how much the CEO’s of the big shot IT companies must be making yearly?

CEO Of This IT Company Gets Rs 50 Lakh/Day Salary: Check Richest IT CEOs In India!

In one such development, a latest media report highlighted that the Cognizant CEO Ravi Kumar Singisetti received a total compensation of $22.56 million (approximately Rs 186 crore) last year.

Highest-Paid Executive

So far, he is the highest-paid executive in the Indian IT sector with compensation including shares valued at $20.25 million (nearly Rs 169.1 crore)  as per the information revealed in a company filings.

Bsides this, the IT service provider has explained that the compensation package included performance share units (PSUs) valued at $3 million, having a potential payouts ranging from 0% to 250% over a four years based period as per the company’s total shareholder return. 

In addition to this, he also received equity awards in the form of restricted stock units (RSUs) with a grant value of $5 million, provided as a buyout to replace forfeited equity awards from his previous employer. 

Please note here that the actual payout of the PSUs is subject to performance conditions.

This means that it may also lead to variable outcomes, including no payout at all.

In a closure look, Ravi Kumar Singisetti’s remuneration represents 0.11% of Cognizant’s total revenue of $19.35 billion for the last fiscal year.

Trending Remunerations Across IT Industry In India 

Let’s go through the remuneration of the CEO’s from other IT majors.

Consider the case of former CEO of Wipro Ltd, Thierry Delaporte. He received $10.1 million (Rs 83 crore) representing 0.089% of the company’s $11.16 billion revenue.

HCL Technologies Ltd CEO, C Vijayakumar,  has a remuneration of $10.65 million (Rs 88 crore). 

Again, this is amounting to 0.085% of the company’s $12.58 billion revenue, as per the media report.

The CEO of Accenture Plc, Julie Sweet earned a total remuneration of $31.55 million.

It represents 0.049% of the company’s $64.1 billion revenue.

In the case of Infosys CEO and managing director, Salil Parekh, he earned $6.8 million (Rs 56.4 crore), representing 0.037% of the company’s $18.1 billion revenue.

When it comes to the former CEO of Tata Consultancy Services, Rajesh Gopinathan, he had a salary of $3.5 million (Rs 29.16 crore). 

This is equivalent to 0.012% of the company’s $27.9 billion revenue.


Sheetal Bhalerao
Sheetal Bhalerao
  • 605 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Technology
Sep. 8, 2022

Samsung Launches The Wall All-In-One and Flip Pro: Is This The Future Of Display Technology?

Samsung has launched The Wall All-In-One – the modular MicroLED it says is revolutionizing the future of display and the Flip Pro, which is an interactive display. Both were unveiled at the InfoComm India 2022 which is India’s Professional AudioVisual (Pro AV) and Systems Integration Technology Exhibition. This took place in Mumbai from September 5-7. […]

Technology
Jul. 28, 2022

Google Street View Launches In India Across These 10 Indians Cities! Plans To Expand To 700,000 Kms, 50 Cities In 2 Years

Google’s Street View is finally available in India a decade after it was prevented from capturing data for its Street View services. Second coming Street view offers a 360-degree interactive panorama feature initially for 10 Indian cities with data from local partners Tech Mahindra and Mumbai-based Genesis International. Its entry into India is facilitated by […]

Technology
Jul. 10, 2022

This Electricity-Free Cooler Developed By IIT Researchers Can Replace Air Conditioners! How It Work?

Indian Institute of Technology Guwahati researchers have built a ‘Radiative Cooler’ which does not require electricity to operate. This is an affordable and efficient ‘passive’ radiative cooling system that can serve as an alternative to ACs. The coating material is an electricity-free cooling system that can be applied in the rooftops and functions during both […]

Technology
Jun. 27, 2022

This New Battery Will Enable Electric Cars To Run 1000 Kms In Single Charge! Will This Transform Electric Mobility?

Chinese company Contemporary Amperex Technology Co Ltd (CATL) has developed a battery that gives EVs a driving range of over 1,000 km or 621 miles on a single charge. About the company The company is China’s leading automotive lithium-ion battery maker. Tesla, Volkswagen, BMW, and Nio are among the companies for which CATL supplies batteries. […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online