Cognizant's New CEO Will Get Rs 15 Lakh/Day: 4-Times More Salary Than Mukesh Ambani!


Guest

Guest

Jan 17, 2023


The global IT major Cognizant announced its new Chief Executive Officer last week, the former President of the Indian IT behemoth Infosys, Ravi Kumar, replacing Brian Humphries.

Cognizant's New CEO Will Get Rs 15 Lakh/Day: 4-Times More Salary Than Mukesh Ambani!

Kumar served at the Bengaluru-headquartered giant Infosys for over 20 years and served as the company’s President and chief operating officer (COO) until October 2022.

According to latest reports, the tech biggie Ravi Kumar is all set to earn more than the Indian billionaire businessman and the Chairman of the country’s most-valued conglomerate giant Reliance Industries, Mukesh Ambani.

According to the figures released, Ravi Kumar has bagged a whopping salary package of Rs 57 crore per annum at the New jersey-based Cognizant. 

This figure comes out to be four times more than the package earned by Mukesh Ambani in 2020, which stood at Rs 15 crore per annum. In the following two years, Ambani decided to forego his salary consecutively.

Now, it must be noted here that even though Ravi Kumar’s salary has exceeded Mukesh Ambani’s last received per annum package, it is not inferred that the former has exceeded the wealth owned by the latter.

This is because Ambani owns nearly 50% of the entire stake of the oil-to-telecom conglomerate Reliance Industries, while Ravi Kumar is being offered stock returns worth Rs 40 crore from Cognizant, of which a 95% stake is owned by the IT giant’s institutional investors.

Kumar joined Cognizant a week after leaving Infosys and served as the US IT major’s President for Cognizant Americas.

He has earned his Bachelor’s degree in engineering from Shivaji University, Kolhapur and an MBA from St Xavier’s, and served on the boards of TransUnion and Digimarc Corp in his career.

In India, the richest CEO is the CEO of DMart’s operator company Avenue Supermarts, Ignatius Navil Noronha, who enjoys an yearly package of over Rs 100 crore.

Image


Guest
Guest
  • 64 Posts

Subscribe Now!

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

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  Contents1 iOS 16.2 Update Release Date2 iOS 16.2 Update Big Features3 1. Always On Display Mods4 2. 5G Support in […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

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

who's online