Infosys CEO Salil Parekh, at Rs 56-crore annual remuneration package, is at the top spot currently.
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Wipro CEO Srinivas Pallia, with an annual remuneration package of approximately Rs 50 crore, is the second-highest-paid chief executive officer in the information technology industry.
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The third-best paid CEO of an IT company is C Vijayakumar of HCLTech, earning Rs 28.4 crore in FY22-23.
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LTIMindtree pays the highest to its CEO Debashis Chatterjee in the industry. Who was appointed at the helm in November 2022 after the merger of L&T and Mindtree, drew Rs 17.5 crore in salary in FY22-23.
Tech Mahindra’s Mohit Joshi, who will receive an annual fixed compensation of Rs 6.5 crore and an equal amount in annual variable pay. His variable pay in the first year is guaranteed. Additionally, he can get an annual overperformance bonus of up to 70 percent of his variable compensation. This takes the total to Rs 17.5 crore, excluding ESOPs.
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K Krithivasan, CEO of India’s top IT services company Tata Consultancy Services, will be paid a basic salary of Rs 10 lakh per month, which can go up to a maximum of Rs 16 lakh per month, according to the company’s annual report. This takes the maximum basic salary to Rs 1.9 crore annually.
