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Business News/ Companies / People/  TCS CEO Rajesh Gopinathan annual pay rises 28%, takes home over 16 crore in FY19

NEW DELHI : Tata Consultancy Services CEO Rajesh Gopinathan took home a pay package of over 16 crore last fiscal, an increase of almost 28% compared to the previous year, the company's annual report showed.

Gopinathan's compensation included 1.15 crore in salary, 1.26 crore in perquisites, 13 crore in commission and over 60 lakh in other allowances - all of which added to a remuneration of 16.02 crore. In 2017-18, his compensation was 12.49 crore.

TCS chief operating officer N Ganapathy Subramaniam earned over 11.61 crore in FY19 as compared to 9.29 crore last fiscal. His pay package swelled 24.9% during the period.

Ramakrishnan V, TCS' chief financial officer, took home a 4.13 crore package in FY19.

The Mumbai-based company said the average annual increase during the fiscal was 6% in India.

"However, during the course of the year, the total increase is approximately 7.2%, after accounting for promotions and other event based compensation revisions," the annual report said.

TCS said employees outside India received a wage increase varying from 2 to 5 %.

"The increase in remuneration is in line with the market trends in the respective countries. Increase in the managerial remuneration for the year was 14.66%," it said.

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This story has been published from a wire agency feed without modifications to the text.

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Updated: 16 May 2019, 09:32 PM IST
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