TCS CEO Rajesh Gopinathan annual pay rises 28%, takes home over ₹16 crore in FY19
1 min read 16 May 2019, 09:32 PM ISTGopinathan's compensation included ₹1.15 crore in salary, ₹1.26 crore in perquisites, ₹13 crore in commission and over ₹60 lakh in other allowancesTCS chief operating officer N Ganapathy Subramaniam earned over ₹11.61 crore in FY19
PremiumNEW 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.
"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!
This story has been published from a wire agency feed without modifications to the text.
