TCS defies tech-sector inertia: Top execs see salary hikes in FY23
Business Standard|June 08, 2023
At a time when salaries of the top management of India's two largest information technology (IT) services have seen erosion, the leadership at Tata Consultancy Services (TCS) has seen just the opposite.
AYUSHMAN BARUAH & SHIVANI SHINDE
TCS defies tech-sector inertia: Top execs see salary hikes in FY23

Rajesh Gopinathan, who stepped down from the role of chief executive officer (CEO) and managing director of TCS-India's largest IT services firm— saw his total remuneration go up 13.17 per cent for 2022-23 (FY23). He received a total package of ₹29.16 crore.

Gopinathan's total compensation package comprised a salary of ₹1.73 crore; benefits, perquisites, and allowances were ₹2.43 crore; and commission of ₹25 crore.

Likewise, N Ganapathy Subramaniam, chief operating officer of TCS, saw his total remuneration go up 14 per cent to ₹20.68 crore for FY23.

TCS' annual report does not furnish details on the remuneration of the new CEO KKrithivasan. The report just mentions his basic salary of ₹10 lakh to ₹16 lakh (maximum) monthly. The nomination and remuneration committee will be deciding other aspects of his compensation.

This story is from the June 08, 2023 edition of Business Standard.

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This story is from the June 08, 2023 edition of Business Standard.

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