{"id":1283621,"date":"2024-07-23T10:07:17","date_gmt":"2024-07-23T04:37:17","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1283621"},"modified":"2024-07-23T10:07:17","modified_gmt":"2024-07-23T04:37:17","slug":"hcltech-ceo-earned-rs-23-lakh-day-more-salary-than-tcs-infosys-wipro","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/hcltech-ceo-earned-rs-23-lakh-day-more-salary-than-tcs-infosys-wipro\/","title":{"rendered":"HCLTech CEO Earned Rs 23 Lakh\/Day: More Salary Than TCS, Infosys, Wipro!"},"content":{"rendered":"\n<p>C Vijayakumar, CEO of HCLTech, saw a staggering <a href=\"https:\/\/www.moneycontrol.com\/technology\/at-rs-84-16-crore-hcltechs-c-vijayakumar-becomes-highest-paid-indian-it-ceo-for-fy24-article-12775192.html\">190.75% increase<\/a> in his remuneration for the fiscal year 2024, amounting to around Rs 84.16 crore. This makes him the highest-paid CEO among Indian IT services companies. According to HCLTech\u2019s annual report released on July 22, Vijayakumar\u2019s earnings far surpass those of his industry peers.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-10.06.38\u202fAM-1024x575.png\" alt=\"HCLTech CEO Earned Rs 23 Lakh\/Day: More Salary Than TCS, Infosys, Wipro!\" class=\"wp-image-1283633\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-10.06.38\u202fAM-1024x575.png 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-10.06.38\u202fAM-300x168.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-10.06.38\u202fAM-768x431.png 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-23-at-10.06.38\u202fAM.png 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">Breakdown of Vijayakumar&#8217;s Earnings<\/h4>\n\n\n\n<p>Vijayakumar\u2019s total remuneration includes various components:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Base Salary:<\/strong> $1.96 million (Rs 16.39 crore)<\/li>\n\n\n\n<li><strong>Performance-Linked Bonus:<\/strong> $1.14 million (Rs 9.53 crore)<\/li>\n\n\n\n<li><strong>Long-Term Incentive (LTI) Cash Component:<\/strong> $2.36 million (Rs 19.74 crore)<\/li>\n\n\n\n<li><strong>LTI \u2013 Perquisite Value of RSUs:<\/strong> $4.56 million (Rs 38.15 crore)<\/li>\n\n\n\n<li><strong>Benefits, Perquisites, and Allowance:<\/strong> $0.04 million<\/li>\n<\/ul>\n\n\n\n<p>The total comes to $10.06 million, reflecting the substantial increase in Vijayakumar\u2019s compensation.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Comparative Analysis<\/h4>\n\n\n\n<p>Vijayakumar\u2019s remuneration is significantly higher than that of other top executives in the Indian IT sector. Infosys CEO Salil Parekh earned around Rs 66.25 crore, and Wipro\u2019s new CEO Srini Pallia received approximately Rs 50 crore. In contrast, TCS CEO K Krithivasan\u2019s maximum basic salary is about Rs 1.9 crore annually. Vijayakumar\u2019s earnings are 707.46 times the median salary of HCLTech employees, highlighting the vast disparity.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">HCLTech\u2019s Financial Performance<\/h4>\n\n\n\n<p>In a letter to shareholders, Vijayakumar shared HCLTech\u2019s financial achievements, noting a revenue of $13.3 billion for the year, up 5.4% YoY, and an EBIT margin of 18.2%. Despite a cautious outlook on discretionary spending, HCLTech reported seeing positive indicators in certain areas during Q1FY25.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Future Outlook and GenAI Initiatives<\/h4>\n\n\n\n<p>HCLTech maintains a cautious stance on discretionary spending but sees growth opportunities in emerging technologies such as GenAI, cloud, data, and cybersecurity. The company has delivered over 200 proofs of concept (PoCs) in GenAI and plans to upskill over 50,000 employees in FY25 in GenAI and related fields.<\/p>\n\n\n\n<p>Vijayakumar emphasized the potential of GenAI, stating that HCLTech\u2019s comprehensive portfolio and core engineering strengths position the company to help clients leverage GenAI effectively. The focus on practical technology solutions aims to unlock the full potential of GenAI for B2C and B2B use cases.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Conclusion<\/h4>\n\n\n\n<p>HCLTech\u2019s significant growth and Vijayakumar\u2019s record-breaking remuneration underscore the company\u2019s strong performance and strategic direction. With a focus on emerging technologies and a robust financial outlook, HCLTech is poised to continue its leadership in the IT services sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>C Vijayakumar, CEO of HCLTech, saw a staggering 190.75% increase in his remuneration for the fiscal year 2024, amounting to around Rs 84.16 crore. This makes him the highest-paid CEO among Indian IT services companies. According to HCLTech\u2019s annual report released on July 22, Vijayakumar\u2019s earnings far surpass those of his industry peers. Breakdown of [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1283633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5218,5711,1683],"class_list":["post-1283621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ceo","tag-hcltech","tag-salary"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HCLTech CEO Earned Rs 23 Lakh\/Day: More Salary Than TCS, Infosys, Wipro! - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/hcltech-ceo-earned-rs-23-lakh-day-more-salary-than-tcs-infosys-wipro\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HCLTech CEO Earned Rs 23 Lakh\/Day: More Salary Than TCS, Infosys, Wipro! - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"C Vijayakumar, CEO of HCLTech, saw a staggering 190.75% increase in his remuneration for the fiscal year 2024, amounting to around Rs 84.16 crore. This makes him the highest-paid CEO among Indian IT services companies. According to HCLTech\u2019s annual report released on July 22, Vijayakumar\u2019s earnings far surpass those of his industry peers. Breakdown of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/hcltech-ceo-earned-rs-23-lakh-day-more-salary-than-tcs-infosys-wipro\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-23T04:37:17+00:00\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/hcltech-ceo-earned-rs-23-lakh-day-more-salary-than-tcs-infosys-wipro\/\",\"url\":\"https:\/\/trak.in\/stories\/hcltech-ceo-earned-rs-23-lakh-day-more-salary-than-tcs-infosys-wipro\/\",\"name\":\"HCLTech CEO Earned Rs 23 Lakh\/Day: More Salary Than TCS, Infosys, Wipro! 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