Wipro CEO Earns Highest Salary; TCS CEO Salary Is Less Than Infosys! (Salary Comparison)
Wipro CEO Thierry Delaporte earned an annual pay of Rs 37.9 crore in the Financial Year 2020.
The annual pay does not include stock compensation and other perks.
Wipro CEO is #1 Earner Followed By Infosys And TCS
This makes him the highest paid CEO in comparison with other Indian tech giants Infosys and TCS.
Former Wipro CEO Abidali Neemuchwala raked in Rs 34 crore during the same period.
In comparison, Infosys chief Salil Parekh came in second highest as he earned Rs 34.67 crore after Delaporte.
TCS CEO and MD Rajesh Gopinathan earned 53% more in FY 2021 with his salary amounting to Rs 20.36 crore.
This amount can be broken up into Rs 1.27 crore of salary + Rs 2.09 crore of benefits, perquisites and allowances + Rs 17 crore constituting the bulk in commission.
In comparison, his figures for the previous financial year 2019-20 was Rs 13.3 crore.
TCS COO N Ganapathy Subramaniam made Rs 16.1 crore in the last financial year, comprising Rs 1.21 crore in salary, Rs 1.88 crore in benefits, perquisites and allowances, and Rs 13 crore in commission.
TCS Report Explains Remuneration Increase Compared To 2020
The annual report of TCS for FY21, where the TCS remuneration figures are sourced from, stated that the 53% increase is not comparable to 2020, the year the pandemic broke out.
After the coronavirus contagion became a worlwide crisis and the ensuing economic impact, the Directors decided to take a cut of 15% to their executive remuneration considering the need for the firm to conserve resources and also to express solidarity with the lower colleagues.
TCS Rides Growth Wave
TCS Chairman N Chandrasekaran said that there are immense growth opportunities for his firm as they ride the wave of new technologies that the pandemic kicked off.
He reaffirmed that TCS is the best choice of “transformation partner” for customers given its focus on solutions and belief in its “differentiated capabilities and collaborative approach”.
For TCS employees, a workforce standing at 4,48,649 as of FY-end 2020-21, the mean increase in annual pay was 5.2% in the last FY.