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Business News/ Companies / Company Results/  7 out of 10 Highest paid CEOs in India hail from IT sector. Check the full list
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7 out of 10 Highest paid CEOs in India hail from IT sector. Check the full list

From Wipro's Thierry Delaporte to former TCS CEO Rajesh Gopinath; number of tech executives made the list of highest paid CEOs in the country.

Bengaluru: CEO and Managing Director of Wipro Thierry Delaporte addresses a press conference for Q2 results announcement, in Bengaluru, Wednesday, Oct. 18, 2023. (PTI Photo) (PTI10_18_2023_000389A) (PTI)Premium
Bengaluru: CEO and Managing Director of Wipro Thierry Delaporte addresses a press conference for Q2 results announcement, in Bengaluru, Wednesday, Oct. 18, 2023. (PTI Photo) (PTI10_18_2023_000389A) (PTI)

IT sector CEOs have once again reigned supreme in terms of remuneration compared to their counterparts in other industries, with a majority of the top 10 highest paid CEOs in the country belonging to the sector.

Also Read | Zerodha founders Kamath brothers' salary nears 200 crore in FY23, take-home at 72 crore each: Report

According to the Economic Times, 7 of the top 10 highest paid CEOs in the country belonged to the IT sector with their remuneration ranging from 29 crore to 82 crore. ET's analysis of the top 500 companies on the Bombay Stock Exchange showed that the highest paid CEOs in the country included Wipro's Thierry Delaporte, Persistent Systems' Sandeep Kalra, Mphasis' Nitin Rakesh, Infosys' Salil Parekh, Coforge's Sudhir Singh, Tech Mahindra's outgoing CEO CP Gurnani and former TCS CEO Rajesh Gopinath.

Wipro CEO Thierry Delaporte was the highest paid IT CEO in the country with a salary of over 80 crore. Meanwhile, former TCS CEO Rajesh Gopinath and HCL Technologies CEO & MD C Vijayakumar earned 29 crore and 28 crore respectively.

One of the main reasons for the high remuneration of CEOs and directors in the IT sector is that these companies are in direct competition in the global market as compared to other industries, the Hindustan Times reported.

Kamath brothers' stunning salary: 

Founders of stockbroking platform Zerodha - brothers Nithin and Nikhil Kamath collectively withdrew 195.4 crore as compensation in fiscal 2022-23 (FY23). According to a report by Entracker.com, the Zerodha co-founders and whole-time directors took home 72 crore each as their annual remuneration during FY23.

In FY22, Zerodha’s board passed a resolution approving a remuneration of up to 100 crore each to three of its directors. During FY23, the employee benefits cost for Zerodha spiked 35.7 per cent to 623 crore from 459 crore in FY22.

 

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Published: 10 Dec 2023, 01:30 PM IST
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