Gopinathan's compensation included Rs 1.15 crore in salary, Rs 1.26 crore in perquisites, Rs 13 crore in commission and over Rs 60 lakh in other allowances - all of which added to a remuneration of Rs 16.02 crore. In 2017-18, his compensation was Rs 12.49 crore.
"Our local hiring programmes in various geographies are progressing well. In FY17, we recruited over 11,500 employees outside India, including some engineering campuses and the top-10 business schools in the US," TCS CEO and Managing Director Rajesh Gopinathan told investors.
Gopinathan favoured a policy of engagement with various stake holders on the issue of H-1B visas in the US. He noted that the discourse is currently driven by emotions rather than economy.
Gopinathan, who took charge as CEO this week, acknowledged that that there are political ramifications that need to be dealt with given the shift in demographics and political elements.
India's largest software services firm TCS will articulate in more "explicit" terms its capital allocation policy in the next few months for its shareholders.
Gopinathan has taken over the reins of the country's largest IT services firm from N Chandrasekaran, who has been elevated as Chairman of Tata Sons, the holding company of the USD 103-billion Tata Group.
India's largest software services firm Tata Consultancy Services (TCS) today appointed V Ramakrishnan as Chief Financial Officer.
Rajesh Gopinathan, CFO and VP at Tata Consultancy Services is of the view that the Union Budget 2017-18 focuses on inclusion, transparency, fiscal responsibility and gives a big push to the digital economy.
A day after his appointment as the Chairman of Tata Sons, N Chandrasekaran has written to the employees of TCS to re-assure them of his continued association with them and the company in his new role.
Tata Sons is the holding company of the USD 103-billion Tata Group. Interestingly, Chandrasekaran had started his career as an intern at TCS.
Newly appointed Rajesh Gopinathan as CEO and MD of TCS, who replaces N Chandrasekaran has big shoes to fill in. Gopinathan hopes to continue with what the company has been doing in the past and also come up with new ideas.
Speaking to CNBC-TV18, AM Naik said that TCS is a running machine and new chief Rajesh Gopinathan would emulate predecessor N Chandrasekaran.
After S Ramadorai's departure, it fell to Chandrasekaran to not just meet the challenges of the global financial crisis but also carry on the company‘s legacy of high growth.
N Chandrasekaran, the CEO and Managing Director of Tata Consultancy Services, has been named the new Chairman of Tata Sons, roughly three months after the former Chairman Cyrus Mistry was unceremoniously ousted.
With N Chandrasekaran‘s elevation as Tata Sons Chairman, Rajesh Gopinathan rises up the ranks as the Chief Executive Officer of Tata Consultancy Services. Prior to Thursday‘s appointment, Gopinathan served as Chief Financial Officer of the company since February 2013.
Weakness in sterling and softness in macros were the main headwinds for TCS. However, N Chandrasekaran, CEO & MD of TCS expects the latter to go away post November.
During the quarter, its constant currency revenue was up sequentially by 1 percent.
Speaking to CNBC-TV18 post announcing quarter 1 numbers for TCS, its MD and CEO N Chandrasekaran said that he was overall satisfied with the results. "Combination of factors aiding the results has been good. Attrition is down, he said, adding that it has been a well-rounded performance.
Rajesh Gopinathan, CFO & Vice President, says TCS will continue to persist with its two quarter forward rolling strategy of currency hedging.
Rupee revenue in December quarter rose 0.7 percent to Rs 27,364 crore while dollar revenue declined 0.3 percent to USD 4,145 million compared to preceding quarter, impacted by seasonality and Chennai floods.
While agreeing that there is heightened competitiveness, Rajesh Gopinathan, CFO and Vice-President, TCS, is confident of achieving growth better than industry. He also adds that the company saw a currency tailwind of 70 basis points on margins.
Meanwhile, Infosys CEO Vishal Sikka's pay package stood at Rs 4.56 crore in the said year, while T K Kurien - CEO of India's third-largest software services firm Wipro - received over 33 per cent hike to USD 1.46 million (about Rs 9.3 crore) in 2014-15 fiscal.
TCS vice-president and CFO Rajesh Gopinathan believes the company is entering FY16 in a positive business environment.
Gopinathan said it was early to talk about client budgets, but that it has been a positive start to the calendar so far
The IT bellwether is hopeful of achieving its attrition target for the current year. The company said it had already hired 36,000 out of its 55,000 target for the year.